Bronx Rental Market on Fire
07/26/23
During a 1977 World Series game between the New York Yankees and the Los Angeles Dodgers, the blustery sports broadcaster of that era, Howard Cosell, remarked that the “Bronx is Burning,” and he wasn’t being figurative. During the televised broadcast, an ABC aerial camera panned...
Learn more about "Liberty Inn" recently bought by Hyundai Motor America.
07/26/23
Downtown in NYC’s West Village neighborhood sits a 7,000 SF structure beside the West Side Highway. It is the last hourly rate hotel ($95 for two hours and $155 for six hours in case you are in the area) in Manhattan’s meatpacking district—a relic...
Student Housing: A Bright Spot in a Tough Market
07/07/23
It’s no secret that it’s slim pickings these days when it comes to finding compelling CRE acquisition opportunities. And with several expected interest rate hikes on the horizon, investors are wise to pause before pulling the trigger on their next acquisition as its value could...
The Dons of Massey Knakal
06/14/23
They say it’s the teachings we pass on that make us immortal and, in this sense, Paul Massey and Bob Knakal have secured their place as the godfathers of investment sales brokering in NYC. Few in the business measure up and if you haven’t sat...
Housing Package Fails: Albany's Brazen Contempt for People of NY
06/12/23
When I was in my first year in law school, a professor once remarked the mark of a great lawyer is not the number of adversaries outplayed, but rather the deals successfully navigated across the finish line. A successful transaction involves compromise and often a...
Real Estate magnate Sam Zell
06/06/23
Every now and again someone comes along who changes the status quo and has a grand old time doing it. Someone liberated from societal constructs who truly doesn’t give a shit about what is thought or said of them. Or, as Steve Jobs once described...
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