The bad news is that the downturn in demand for rent regulated buildings is likely to last

Rate cuts, fresh lenders and maturities could drive big deals

Some are already laying out big plans for the next five years

The next three years will remain defensive for a lot of owners.

Be selective! consider space, location, cost of building, cost of lending

Be cautious! developers and bankers agree when considering development

When months of supply go above eight and a half, buyers get some leverage

Take away from the real estate data as we head into 2023

In this episode, we take a look at the biggest New York City landlords you’ve probably never heard of—private equity-backed owners.

Guest List..

Elyssa Marcus Vice President, Asset Management & Development, Jamestown LP Joel R. Marcus Partner, Marcus & Pollack LLP David Shorenstein […]

Lawmakers need to pass a sweeping housing-policy package that reforms property taxes

Lawmakers need to get back to the drawing board, but they need not reinvent the wheel

Commercial real estate sector experienced the same boost of positivity in estimated values

Overall, all properties in the city were valued at $1.4 trillion, 2.1 percent above pre-pandemic levels

Multifamily properties remained a hot commodity

Development parcels also traded hands, while industrial sales took the week off

About a third of all multifamily transactions have been affordable housing

Multifamily assets boosted the market to levels not seen since 2018

Multifamily sales easily led the way with $335.3 billion of sales, a 128% jump

Multifamily and industrial sales led sectors with $335.3B and $166B, respectively

Focus on the interiors and amenities of each unit

Take down interior walls and open up the living space

Stable cash flow of affordable properties is very attractive

42% increase in multifamily transaction volume

Evolution Of Internet Search Engines

A Big Company Doesn’t Equal More Brokers

Brooklyn has been more stable than that ritzier borough on the other side of the East River

Multifamily and industrial are doing particularly well; office and retail are showing resiliency too

CRE investors may see a continued impact on their revenue stream.

Covid-19 pandemic has rattled the commercial real estate (CRE) sector

Recovery has been faster than many expected

Guests from the banking industry note that while the process is just beginning

Brokers were feeling 56 percent more confident in New York City’s real estate market in the first quarter of this year.

Overall, broker confidence reached a 6.6 out of 10, which was a 79%.

Investors describe New York's market as fragmented; institutional investors are coming back.

Rentals are now moving, there’s a pent-up demand, buyers are coming up to seller’s price.

The light at the end of the tunnel may be in sight for the U.S. economy.

“Strong economic growth, some indication that the pandemic coming under control, and continually supportive government policy all suggest broad positive […]

Employees returning to offices would be most beneficial. Retail, luxury condos, and hotels may continue to be challenged but it's a time to be cautiously optimistic.

Discussing various real estate asset classes a year into the pandemic, guests see hopeful signs of increased activity in the […]

Guests discussed the renter's market, multi-families, and New York - not so politically friendly attitude toward real estate.

Guests are optimistic about 2021, expecting low growth in the first quarter, with gains in the second half.

Deals worldwide totaled $290 billion in the fourth quarter of 2020

US deal volume nearly doubled quarter-over-quarter; multifamily and industrial held strong

With investment sales down 66% - 2020 has been a difficult year. All - are looking forward to a better 2021!

Guests discuss a trend in investment sales to seek transactions outside of New York

Federal Stimulus Package effecting small businesses and individuals: tax extenders (tax credit extenders), short-lived, some permanent, taxes on 2020 PPP loans, and unrelated Covid matter

Any parts of the bill: loan forgiveness, eligibility, administration still require clarification