News: Brokerage

Thru the Lens: Dolkart discusses 50-year anniversary of the New York City Landmarks Law.

On July 28 at The Skyscraper Museum, Andrew Dolkart, the director of the Historic Preservation Program and professor of Historic Preservation at Columbia University's Graduate School of Architecture, Planning and Preservation, offered his thoughts on the 50-year anniversary of the New York City Landmarks Law. His talk that elaborated on his essay in Saving Place: 50 Years of New York City Landmarks, a book which accompanies the current exhibition at the Museum of the City of New York. Professor Dolkart focused on the special role of Grand Central Terminal in the legal evolution of the Landmark Law and the LPC's decision to deny architect Marcel Breuer's controversial fifty-five-story tower - a concrete slab faced in granite, to be built atop Grand Central's waiting room. A second rendition would have entirely demolished the façade. The commission unanimously rejected all three Breuer's designs, which resulted in a lawsuit that finally reached the Supreme Court, which ruled in favor of the city. Prof. Dolkart's presentation was taped by C-SPAN. The lecture can be viewed on The Skyscraper Museum's website: http://goo.gl/hDcQYi
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Columns and Thought Leadership
Tri-state capital  migrates nationally amid  regulation pressure - by Reese Weaver

Tri-state capital migrates nationally amid regulation pressure - by Reese Weaver

New York tri-state multifamily investors are increasingly reallocating capital to less-regulated markets across the U.S. as rent control and legislative risk erode returns at home. With over 60% of New York City’s rental housing stock classified as rent-stabilized, the traditional value-add model — buying under-performing buildings,

The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

There was a time when an offering memorandum (OM) was pretty bare bones, some photos, a few bullet points on income, and a rent roll thrown in at the back. That used to get the job done. Not anymore. In 2025, buyers are sharper, faster, and more selective. They’re looking
A fresh start - by Shallini Mehra and Amit Doshi

A fresh start - by Shallini Mehra and Amit Doshi

For the past several years, the New York City multifamily housing market has been defined by disruption. The combined impact of the HSTPA rent laws and a sharply higher interest rate environment has fundamentally reduced
The anticipated effect of Basel III and ISO 20022 implementation on commercial real estate - by Michael Zysman

The anticipated effect of Basel III and ISO 20022 implementation on commercial real estate - by Michael Zysman

July 1, 2025 is the deadline for US banks to begin to adopt Basel III banking standards and July 14, 2025 is the deadline for U.S. banks to adopt ISO 20022 messaging standards. Both will have a significant effect on the banking and commercial real estate (CRE) finance sectors.