News: Brokerage

Thru the Lens: Former New York Knick, Larry Johnson, joins Douglas Elliman's top brokers for celebration

On November 30th, Douglas Elliman celebrated the launch of its partnership with the New York Knicks as the exclusive naming sponsor of Madison Square Garden's famed "Celebrity Row" with an impressive event in the lounges for its top brokers at the New York Knicks vs. Miami Heat game. Former New York Knick great Larry Johnson stopped by the event to congratulate CEO Howard Lorber, COO Stephen Kotler and top brokers including Million Dollar Listing's Luis Ortiz, Toni Haber, Maria Babaev, Brett Miles, Robert Dvorin, Andrew Azoulay, Enzo Morabito and Ariel Cohen. In addition to the celebration, the brokers also donated over 100 toys to Madison Square Garden's Garden of Dreams Foundation that will directly benefit its underserved youth this holiday season. Douglas Elliman "Celebrity Row" is known as an exclusive seated area noted for its courtside celebrities and luminaries. The multi-­year deal will provide Douglas Elliman with exclusive naming rights of the famed coveted area in Madison Square Garden as well as branding around the courtside seats, online and social media.
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Century Cricket Centre to open first U.S. location near Bryant Park in 14,000 s/f lease

Manhattan, NY Century Cricket Centre, an Australian-backed indoor cricket and sports-tech concept, will open its first U.S. location in a 14,000 s/f at 25 W. 39th St. near Bryant Park following a 15-year lease arranged by Lee
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Columns and Thought Leadership
Hunt commercial real estate question and answer: The total cost of relocation - by David Hunt

Hunt commercial real estate question and answer: The total cost of relocation - by David Hunt

You have a right to be concerned. I am always surprised at the companies that will negotiate the price of their new facility down to the last dollar, without thoroughly analyzing their
New York’s streets are full again, and the retail numbers prove it - by Noam Aziz

New York’s streets are full again, and the retail numbers prove it - by Noam Aziz

Walk down any New York block this year and you can feel it. The sidewalks are crowded, the storefronts are lit, and the energy that defines this city is back at full volume.
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
Artificial intelligence in lending - by Lindsay Mesh Lotito

Artificial intelligence in lending - by Lindsay Mesh Lotito

Artificial intelligence (AI) is beginning to help transform lending by enhancing decision-making, improving risk management and streamlining operations. With AI-powered tools that analyze vast amounts of data, lenders are able to assess borrower creditworthiness more accurately and efficiently. AI can evaluate a wide range of factors,