News: Brokerage

Will of Hemisphere Holdings sells 70-unit apt. complex for $2.1 million

Richard Will, president of Hemisphere Holdings Corp., brokered the $2.1 million sale of the Wedgewood I Apartments. The subject is located on 7851 Rte. 298. The 70-unit apartment property was sold by Conifer Bridgeport Associates, LP to the buyer, Nationwide Affordable Housing, LLC. Hemisphere Holdings is a commercial real estate firm specializing in the brokerage of multifamily properties and mobile home parks. Hemisphere Holdings, located in Syracuse, services the needs of its clients throughout the entire upstate New York marketplace. Hemisphere Holdings has generated one of the largest computer databases of apartment buyers and sellers in the upstate marketplace. Their approach to brokerage has served their clients by tracking all apartment sales transactions and providing knowledge for players in the industry who require accurate and timely information to assist in their decision making.
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Columns and Thought Leadership
AI comes to public relations, but be cautious, experts say - by Harry Zlokower

AI comes to public relations, but be cautious, experts say - by Harry Zlokower

Last month Bisnow scheduled the New York AI & Technology cocktail event on commercial real estate, moderated by Tal Kerret, president, Silverstein Properties, and including tech officers from Rudin Management, Silverstein Properties, structural engineering company Thornton Tomasetti and the founder of Overlay Capital Build,
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,

Strategic pause - by Shallini Mehra and Chirag Doshi

Strategic pause - by Shallini Mehra and Chirag Doshi

Many investors are in a period of strategic pause as New York City’s mayoral race approaches. A major inflection point came with the Democratic primary victory of Zohran Mamdani, a staunch tenant advocate, with a progressive housing platform which supports rent freezes for rent
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