YM/WREA hosts December lunch, names 2019 Board, chairman and honors Bernstein and Kleger

Shown standing (from left) are: Alan Bernstein of Waterman Interests, Caroline Merck of CBRE, Alex Kaskel of ABS, and Justin Huebener of Rockefeller Group. Shown seated (from left) are: Craig Waggner of C&W, Laura Jackson of FTI Consulting, Lenny Lazzarino of Edison Properties, and Matt Fox of Trinity.

Shown (from left) are: Alex Bernstein of Bernstein Real Estate, Camille McGratty of Silverstein Properties, Stan Kleger of Natlane Equities.

Darell Handler of The Handler Org. and Caroline Merck ofCBRE.

New York, NY On Tuesday, December 11th, YMWREA hosted their final luncheon of the year. The winners of the Young Professional of the Year and the Senior Professional of the Year awards were also honored. Alex Bernstein of Bernstein Real Estate recieved Young Professional Award, and Stan Kleger of Natlane Equities was honored with the Senior Professional Award.Additionally, the new Board of Governors and the newly elected chairman for 2019 were named.

Shown (from left) are: Jessica Kanfer of The Office Group, Dana Moskowitz of HSP, Kelli Berk of C&W, and Andrew Ackerman of Vornado

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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

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Lower interest rates and an increased number of loan restructurings will be well received by the commercial real estate industry. Over the past 12 months there has been a negative trend for NOI for many properties across the country.

Behind the post: Why reels, stories, and shorts work for CRE (and how to use them) - by Kimberly Zar Bloorian

Let’s be real: if you’re still only posting photos of properties, you’re missing out. Reels, Stories, and Shorts are where attention lives, and in commercial real estate, attention is currency.

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The state has the authority to seize all or part of privately owned commercial real estate for public use by the power of eminent domain. Although the state is constitutionally required to provide just compensation to the property owner, it frequently fails to account