News: Brokerage

Thru the Lens: Fried Frank real estate partners with Project Destined to launch Bronx real estate program

Alex Rodriguez with Fried Frank real estate department chairman Jonathan Mechanic and other participants and students from the Bronx launch of Project Destined at Viacom’s New York City HQ on March 3, 2018.

Bronx, NY Fried Frank’s real estate department partnered with Project Destined, a real estate education program, to support the launch of its Bronx program held on March 2-4. Project Destined is a non-profit, created by entrepreneurs Cedric Bobo and Fred Greene, whose goal is to transform minority youth into stakeholders in the communities in which they live, work, and play. The multiday program teaches students financial literacy and leadership development through mentorship from experts in the real estate investment field, including bankers, brokers, architects, and attorneys from Fried Frank. 

Following the program, students make real bids on properties, which, if they are accepted, are purchased by Project Destined and run, in part, by the students.

“This is an incredible opportunity for our community. The youth who will benefit from this tremendous chance to learn, lead, and network will become the future of New York real estate,” said Jonathan Mechanic, real estate partner and chairman of the firm’s real estate department. “As the current stakeholders, is it our duty to give back to those who will follow in our footsteps.”

“We’re so thrilled to have partnered with Fried Frank on the launch of our Bronx program,” said Cedric Bobo, co-founder of Project Destined. “Fried Frank is an integral part of the NYC community. Their partnership with Project Destined is a testament to their commitment to giving back and investing in urban youth.” 

Project Destined is non-profit that administers a real-estate-based applied youth education program designed to promote financial literacy, leadership development, and access to mentorship opportunities yielding increased competitiveness of urban youth.  Across multiple modules, Project Destined scholars gain exposure to all aspects of the real estate investment life cycle while gaining exposure to real industry professionals, analyzing real opportunities, and helping to invest real capital into real estate within their own communities. 

With nearly one hundred lawyers globally, Fried Frank’s real estate and corporate real estate practices are at the top of their field. The team is experienced in the legal and commercial fundamentals of both real estate and corporate law, allowing the Firm to offer clients tailored expertise in executing complex, structured real estate transactions.

READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
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
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 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.
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