In the Press

In the press sub title

12/29 2014
Letter of Intent – Retail Expansion

The retail sector is has seen a new awakening at the hands of rising tourism and consumer confidence. New retail construction and renovations throughout the boroughs have actually not caused in increase in absorption or vacancy rates, in fact, quite the opposite. As retailers have grown their businesses online, they have also now begun to

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12/29 2014
Silpe of Berko & Associates: Young COO helps takes company to the next level

Name: Lee Silpe Title: COO | Senior Analyst Company/firm: Berko & Associates Year Company was founded: 2005 Years with company/firm: 4 Years in field: 4 Years in real estate industry: 4 Address: 18 East 41st St, New York, NY Telephone: 212-687-0777 Email: Lsilpe@berkoassociates.com URL: www.berkoassociates.com Twitter: @leesilpe Which project, deal or transaction was the “game

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12/29 2014
Letter of Intent – The New Focus for Office

As worlds collide in New York City and suits brush up against dressed down start-up professionals and technology companies, office owners both here and Brooklyn are taking advantage of the movement, and creating space within their buildings specifically tailored to this new breed of tenant. The tech boom in New York is clearly visible, and

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12/29 2014
Letter of Intent – Downtown Retail Boom

Downtown retail is the new “must-have,” with titans of real estate scrambling for a piece of the action. One major driving force behind retail acquisition is the rejuvenated Financial District, with luxury shopping center Brookfield Place and the Westfield Group’s World Trade Center drawing excitement and super high end retailers to the area (Hérmes, headed

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12/29 2014
Letter of Intent – Office market continues to heat up

Sales of investment grade properties in N.Y.C. for the trailing 12 months totaled $34 billion across all commercial asset classes. This amount represents an increase of 35% year-over-year. The key contributors to the flourishing N.Y.C. sales market: the lack of properties available, and the steady access to capital from both domestic and international lenders. The

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12/29 2014
Letter of Intent – Changing the Skyline

Residential developers are scrambling for a piece of the action, looking to stake their claim to what is seemingly a “crazy” market, since when questioned, that seems to be the first reaction to any question regarding the state of the market. Development sites in the most desirable neighborhood have reached the $1,200 per buildable s/f

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12/29 2014
Letter of Intent – The Merits of Bridge Financing

Bridge loans are becoming a new standard as the N.Y.C. property market has gotten so competitive that the need for immediate access to debt has risen greatly. Bridge loans are short-term loans that by definition, is not the type of loan product or origination source, but the use of the loan itself. Bridge loans can

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12/29 2014
Letter of Intent – Here’s Some New York Hospitality

Positive economic trends and growth throughout 2013 and early 2014 will drive hotel revenues higher in 2014. Strong growth in the construction of new hotels in and around Manhattan signifies the forward thinking investor sentiment that the capital markets will remain steady for the foreseeable future, even with the regime change in the Federal Reserve.

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12/29 2014
Letter of Intent – Apartment Sector Surge

The residential sector has exploded across the country, with close to 170,000 class A units coming to market in major metros in 2013, and an additional 220,000 expected in 2014. A vast number of class C assets are expected to be renovated into class A/B, as has been the value add proposition for many national

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12/29 2014
Letter of Intent – Retail, Retail, Retail

The retail investment sector is ready to burst, and investment sales brokers agree that there has been a clear rise in requests for suitable retail investment properties. One major driving force behind retail acquisition is the re-born availability to finance large acquisitions of not only single properties but large portfolios of retail-heavy assets. Banks are

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