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UL Interview: New York City CRE Owner Leslie Himmel on Finding "Brave Money" in a Down Cycle uli.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from uli.org Daily Mail and Mail on Sunday newspapers.
The Real Estate Industry is Dominated by Nepo Babies therealdeal.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from therealdeal.com Daily Mail and Mail on Sunday newspapers.
The Real Estate Industry is Dominated by Nepo Babies therealdeal.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from therealdeal.com Daily Mail and Mail on Sunday newspapers.
When Urban Land last spoke to New York City landlord Leslie Himmel of Himmel + Meringoff Properties in March, vacancy within the nation’s largest office market was hovering just below 10 percent. While that still registers below the market’s peak of 11.7 percent in 2010, according to Moody’s, that rate has continued to drift upwards since March. Urban Land recently sat down with Himmel for a lively discussion about doing business in a recessionary market amid rising interest rates, and her ongoing search for what she calls “brave money.” ....
Industrial average asking rents in the outer boroughs increased nearly 16% last quarter, but that doesn t mean all properties will experience meteoric rises. ....