News: Brokerage

Thru the Lens: Skanska USA co-sponsors Union Construction Job Opportunity Fair

Recently, global construction giant, Skanska USA co-sponsored a Union Construction Job Opportunity Fair at the Riverbank State Park, in collaboration with the Empire State Development Corp., designed for local minority, women, and tradespersons/union workers, to connect with key players in the construction industry who are currently overseeing large construction projects in the area, including projects at Columbia University and CUNY's Advanced Science research Center. More than 250 minority, women and local union workers/tradespersons attended the event to network with construction firms and secure jobs. At the event, Skanska awarded the most jobs to event participants, hiring an abundance of workers to work on Columbia University and CUNY construction projects. Caption Project teams from Skanska USA anticipate the arrival of more than 250 Upper Manhattan-based minority, women and local tradespersons/union workers at the company's Construction Job Opportunity Fair (recently had at the Riverbank State Park in Harlem, NY), an event Skanska co-sponsored with the Empire State Development Corporation. The fair supports Skanska's company wide effort to spur the local economy through connecting smaller companies in the area with larger ones like Skanska.
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REALM, DelShah Capital and A.M. Properties acquire 377,000 s/f CitySpire office condominium

Manhattan, NY REALM, in partnership with DelShah Capital and A.M. Properties, acquired  CitySpire, a 377,000 s/f office condominium comprising 24 floors within the 70-story tower at 156 W 56th St. in Midtown. Adjacent to Central Park with transit access and amenities, CitySpire is a Class A office asset located in one of the city’s most sought-after office corridors.
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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
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.
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