Coffee & Cap Rates: Commercial Real Estate Podcast

On this episode, Shimon Shkury, President and Founder of Ariel Property Advisors, interviews Jay Martin, the Executive Director of the Community Housing Improvement Program (CHIP), a trade association representing 4,000 owners of rent-stabilized rental properties. Jay discusses the Supreme Court’s refusal to hear CHIP’s petition challenging the constitutionality of New York’s rent stabilization laws; his advocacy for legislation that would reset rents on units vacated by long-time tenants to help pay for renovations; and how the city could provide vouchers to tenants struggling to pay rent.

In this podcast, Shimon Shkury, President and Founder of Ariel Property Advisors, interviews Chris Balestra, President and Chief Investment Officer of Taconic Partners, about how and why the firm began offering office space to life sciences companies and its existing and planned office and multifamily projects.

The Queens investment sales market experienced significant improvement in 1H 2023 compared to 2H 2022 resulting in a 39% increase in dollar volume to $2 billion, of which one-third was in the development asset class, which jumped 78% half-over-half to $632 million. In this podcast, Shimon Shkury, President and Founder of Ariel Property Advisors, Partner Sean R. Kelly, Esq. and Director Alexander Taic explore how developers are seeking 421a vested sites specifically in Northwest Queens and Jamaica, and Beacon Wind Land’s purchase of 31-01 20th Avenue, which accounted for approximately one-third of the development dollar volume. They also examine trends in the multifamily market and what to expect in the next six to 12 months. For more details, see Ariel Property Advisors’ Queens 2023 Mid-Year Commercial Real Estate Trends report.

Multifamily real estate sales in New York City experienced a significant 242% increase in total dollar volume during the second quarter compared to the first quarter with 295 transactions totaling $3.91 billion, according to Ariel Property Advisors’ Q2 2023 Multifamily Quarter in Review report. Shimon Shkury, President and Founder of Ariel Property Advisors, and his guests Ariel Founding Partner Victor Sozio, and Matt Dzbanek, Senior Director, Capital Markets, explore the story behind the data in this podcast on the New York City multifamily market.

Shimon Shkury, President and Founder of Ariel Property Advisors, and his guests Jason Gold, Senior Director, and Daniel Mahfar, Director, who specialize in investment property sales in the Bronx, discuss the findings in Ariel’s latest research report Bronx 2023 Mid-Year Commercial Real Estate Trends. 

How are commercial real estate investors looking at the Brooklyn market today?  In this episode of Coffee & Cap Rates, Brooklyn specialists Sean R. Kelly, Esq., a Partner at Ariel Property Advisors, and Stephen Vorvolakos, Director, share the borough’s latest trends with Shimon Shkury, President and Founder of Ariel Property Advisors. For more details, see Ariel Property Advisors’ Brooklyn 2023 Mid-Year Commercial Real Estate Trends report.

What are the latest trends in Manhattan's commercial real estate market? In this podcast, Shimon Shkury, President and Founder of Ariel Property Advisors, discusses how the borough's assets performed in 1H 2023 with Manhattan experts Michael Tortorici, Founding Partner, and Howard Raber, Director.  For more details, see Ariel Property Advisors’ Manhattan 2023 Mid-Year Commercial Real Estate Trends report.

At Ariel Property Advisors’ Coffee & Cap Rates event on July 20, Shimon Shkury, Founder and President of Ariel Property Advisors, moderated a panel discussion with industry experts, Kurt Stuart, Managing Director, Commercial Term Lending Northeast - Chase; Eleonora Bershadskaya, Principal, Real Estate - Vistria; and Christopher Balestra, President & CIO – Taconic Partners, who shared their perspectives on the environment for lending, multifamily and affordable housing investing and office leasing: please see https://arielpa.nyc/investor-relations/event/230720-coffee-and-cap-rates

Shimon Shkury, President and Founder of Ariel Property Advisors, presented an overview of New York City’s investment sales market in the first six months of this year at Ariel Property Advisors’ Coffee & Cap Rates event on July 20. To see his presentation and download Ariel's research reports, please see https://arielpa.nyc/investor-relations/event/230720-coffee-and-cap-rates

In this episode of Coffee & Cap Rates, recorded the day after the Fed voted to hold rates steady for the first time in 15 months, Shimon Shkury, President and Founder of Ariel Property Advisors, and Senior Director Matt Dzbanek discuss the lending environment in the last 30 days. Although underwriting is tougher, Dzbanek said activity has been brisk with the Capital Services team securing up to 10 offers per deal by tapping into an expanded group of lenders. Dzbanek also shared his views in Ariel’s latest Capital Services Monthly available here.