Marlene Pan

Lotus Infrastructure Partners has agreed to purchase the 365 MW natural gas-fired Caithness Long Island Energy Center from Caithness Energy. ⚡️ Located in Suffolk County, the plant is considered one of the most efficient combined cycle facilities in New York’s NYISO power grid and produces approximately 26% of the net generation for Long Island. 💡 This agreement comes at a needed time, as data centers and other large load industries are seeing an uptick in the region (and across the country). The Caithness Energy Center is a source of reliable and dispatchable power, necessary for uninterrupted data center operations. Data centers could drive up to 9% of U.S. power demand by 2030, requiring both smarter grid investments and increased capacity. What do you think of this deal? Share your thoughts below. ⬇️ Source: Lotus Press Release 9/10/2025 Disclaimer: This post is made for entertainment purposes only. Nothing in this post constitutes investment advice. #naturalgas #electricity #datacenters #AI #powerdemand #oilandgas #energy

89

1 Comment

Part of our strategy for Healthcare Realty 2.0 calls for the focused deployment of capital to unlock the upside of selected assets – transforming them from underperformers into portfolio superstars. Here’s one example. Prior to redevelopment, our medical outpatient building at 222 Westchester Avenue in White Plains, New York, was 58% occupied, generating about $0.5M in net operating income. After consulting with our local health system partner to understand their outpatient growth needs, we committed to a $13M modernization of the building (part of a $20M total investment, including tenant improvements) to completely reposition the asset. The result? Redevelopment of 222 Westchester Avenue will be completed by this December and the building is already 92% leased, with a projected $2.5M in net operating income – a 400% increase – and expected yield on cost in the low double-digits. Targeted redevelopment revitalizes assets, strengthens health system ties, and maximizes value for shareholders. See our New Strategic Plan at https://lnkd.in/er8FKy4z. #HealthcareRealty2point0 #StrategicReinvestment #UnlockingValue

124

3 Comments

We’re excited to announce that Harrison Street has sold a premier portfolio of five senior housing communities throughout Long Island and New York for over $600 Million. “This transaction exemplifies Harrison Street’s ability to produce value by targeting strategic developments, creating portfolios at scale that deliver operational excellence, and executing strategic sales at opportune moments in time,” said Ben Mohns, Head of Asset Management – North America at Harrison Street. “As an early mover in the sector, we have helped shape the evolution of high-quality senior living communities, and this portfolio sale underscores growing investor demand for demographically driven, resilient alternative real estate sectors such as senior housing.” As one of the largest private owners of senior housing in the US, we’re proud to play a leading role in shaping the industry’s future and continuing to redefine senior living. Read the full announcement here: https://hubs.li/Q03GdwW70 #HarrisonStreet #AlternativeRealAssets #SeniorHousing

257

4 Comments

The fundamentals of New York City's economy remain strong. With more private sector jobs, record total employment, and the highest workforce participation rate in the city’s history, we continue to see our ongoing resilience on full display.   NYCEDC President & CEO Andrew Kimball sat down with Bloomberg Television's Romaine Bostick, CFA and Katie Greifeld to discuss the continued strength of the city’s economy. We’re proud to work with the city to make sure all New Yorkers can live, learn, work, and play. https://lnkd.in/eWRbSXiN

85

RA Capital Management, one of the most active venture capital investors in Massachusetts, plans to keep investing in local companies with a new fund that is bringing the firm's interests outside of its traditional healthcare and life sciences scope. #Boston #tech #news #massachusetts #RACapital #funding #fundingalert #venturecapital #venturefunding #fundingnews https://lnkd.in/eHbQstgW

151

3 Comments

Mamdani's policy to freeze rents on 1 million rent stabilized apartments in NYC could result in a significant portion of the city's apartment stock to become literally worthless. Columbia Business School has chosen to publish Maverick Real Estate Partners's essay on this topic. I'm proud to contribute to their fountain of research and analysis. When you read the essay, you'll learn: - A bit of history on rent regulation in NYC - The rent freeze's impact on a property's net operating income - That deregulated apartments can have draconian downside through massive rent reductions - How lenders and investors might underwrite and mitigate these risks as they cautiously deploy capital into this sector Link to the essay is here: https://lnkd.in/e-MCtVXv #nyc #mamdani #cuomo #adams #sliwa #housing

172

29 Comments

The nation's next big rent control push is coming to Massachusetts, which could have major implications on development and acquisition trends in one of institutional capital's favorite markets: the Boston MSA. Rent control advocates have cleared the first of several steps to get rent control on the state ballot in November 2026. The proposed ballot measure would cap rents at inflation OR 5%, whichever is LOWER. So if CPI is 1.5%, your rent cap is 1.5% -- even if CPI isn’t a proxy for your operating costs. And if CPI is 10%, you’re maxed at 5% rent cap. No carve-outs for renovations and repairs, no accompanying cap on property taxes or insurance etc. Implications: --> The proposal, as written, would likely freeze a large share of planned development projects -- and result in many investors and lenders likely redlining the state altogether. --> Developers tend to like the Boston MSA, but will obviously have a lot of trouble raising capital for deals there if this passes. New construction would be exempt for only 10 years; and because investors can read calendars, this would likely crush most non-subsidized apartment projects. --> Current owners could face major compliance challengers as well. Even though voters wouldn't decide on it until November 2026, the ballot measure would retroactively base rent increases on rents as of January 2026. So if this ballot measure passes and you had previously renewed a resident at, say, 5% and CPI came in at below 5%, it means – as I read this, anyway – that you may have to cut that resident's rent retroactively. (If anyone in MA thinks I'm reading this wrong, please chime in.) --> Here's another crazy detail: Guess who is exempted from rent control under the explicit terms of this ballot measure: Public housing and non-profits. So this caps rents for wealthy renters in Class A+ towers in downtown Boston, but not for many low-income renters. Ballot supporters now have to get enough signatures to get it on the November 2026 ballot. Ironically, Massachusetts voters actually voted in the 1990s to ban rent control. That was in reaction to cities like Cambridge having rent control, and they saw first hand the problems it created. There’s a great episode of the Freakonomics podcast from a few years ago about this, featuring Harvard Professor Ed Glaeser and Stanford professor Rebecca Diamond talking about Massachusetts as a case study for why rent control doesn’t work. They noted that after rent control was removed in MA, building maintenance improved, property values went up, and street crime went down. Professor Diamond said this, she said: "rent control had negative externalities on the neighborhood." The most compassionate thing to do for renters in need is to focus on solutions that are proven to work (build more!), not recycling bad ideas already proven to backfire on the people we want to help. https://lnkd.in/gy7D5Yrs

100

25 Comments

Justin Horowitz, Capital Markets Advisor and Senior Managing Director at Cooper Horowitz, LLC, speaks with Commercial Observer about how IOS has transformed into its own asset class—driven by supply constraints, rising e‑commerce demand, infrastructure needs, and zoning complexities. Read the interview: https://lnkd.in/eZnDNqdS SPONSORED

254

7 Comments

Greystone’s Eric Rosenstock recently closed $18.4M in Fannie Mae financing for a #multifamily portfolio in East Windsor, NJ. Greystone is ranked as a top Overall Lender by Volume for Fannie Mae and offers a full range of commercial real estate financing for projects both large and small across the country. Learn more: https://bit.ly/48TIowh #Greystone #FannieMae #MultifamilyFinancing

70

5 Comments

Uncovering Overlooked Retail Value In debating their options to sell the building at 10 East 34th Street in 2015, the owners, a long-term partnership of Walter & Samuels, Brause Realty Inc., and the Cohen family, were faced with a decision to sell the building with 60% vacancy come January 2016 in hopes of finding a buyer who would pay a user-premium or spend capital on the building and then lease the units, including the valuable ground floor retail space, so a buyer would have in place cash flow. Of the 10 stories, the five vacant upper/office floors were relatively comparable to other Class B office space on the market, therefore, easy to determine value. However, the challenge was valuing the vacant ground floor and basement space due to its unique location midblock on 34th Street. While 34th Street is one of Manhattan’s most active retail corridors much further west, this specific block created a challenge as the iconic B. Altman & Company building is situated directly across the street and occupying the entire block from Madison to Fifth Avenues (without any retail space on the ground floor), significantly hindering pedestrian foot traffic traveling along the northside of 34th Street. This challenge could negatively impact retail values across the street. Understanding the space’s potential value would affect the potential sales price and thus influence ownership’s decision about whether to sell now or lease the vacant space and then look to sell.   Prior to the presentation to ownership, we consulted with several retail space leasing agents about the specifics of this potentially duplexed space. As a result, we had a firm understanding of the retail leasing market in the area and concluded that there was additional value with the basement space being incorporated into the ground-floor retail unit. Due to the strength of the market, the team advised ownership to market the building with the vacant office units, and the retail space vacant with the goal of finding a user willing to pay a premium to occupy some, or all, of the vacant space.   Other brokerage firms that pitched the business overlooked this approach to the property, and we earned the assignment. We implemented our comprehensive marketing strategy, including the distribution of the asset’s marketing flyer to their proprietary lists of investors, brokers, users and territory contacts. We also put together a thorough analysis noting all retail comps in the immediate area, all current and pending development projects in the neighborhood, showcasing the types of tenants drawn to this retail corridor, and details on pricing for the area.   Through a comprehensive retail component valuation and the implementation of a proven marketing strategy, we successfully sold the property to a local property owner who would move one of his businesses into the basement and ground floor – a user – the perfect buyer! Continued in the comments... #TestimonialTuesday #BKREA #NYCRealEstate

69

20 Comments

Vornado Realty Trust hosted the Empire Technology Prize event at The Town Hall in PENN 2. The Empire Technology Prize identifies groundbreaking technologies to address the largest source of greenhouse gas emissions from tall buildings: heating. Seven finalists were selected for their innovative solutions. This initiative reflects Vornado Realty Trust’s ongoing commitment to advancing sustainable building practices and shaping a cleaner, more resilient future for New York City.

45

1 Comment

➡️State of New Jersey, Division of Investment has new RFPS for Emerging Advisers Public Asset Class Advisory Services; 1) 𝐄𝐦𝐞𝐫𝐠𝐢𝐧𝐠 𝐌𝐚𝐫𝐤𝐞𝐭𝐬 𝐄𝐪𝐮𝐢𝐭𝐲 𝐚𝐧𝐝, 2) 𝐈𝐧𝐭𝐞𝐫𝐧𝐚𝐭𝐢𝐨𝐧𝐚𝐥 𝐒𝐦𝐚𝐥𝐥 𝐂𝐚𝐩 𝐄𝐪𝐮𝐢𝐭𝐲 The DOI Emerging Manager Public Asset Classes Advisory Program is a newly established initiative designed to provide opportunities for smaller, high-potential investment managers. DOI encourages Bidders classified as Woman-Owned, Minority-Owned or Veteran-Owned Business Enterprises. 🔗 : Division of Investment RFPS: https://lnkd.in/gZvNWYgr Shoaib Khan, CFA, CPA 100 Women In Finance

29

3 Comments

There’s a need for new housing across Massachusetts for all income levels. MassHousing launched BILD (Bringing Innovation to Lending and Development) to unlock mixed-income housing developments that are otherwise stalled, aiding in the progression of new housing throughout the Commonwealth. https://bit.ly/45IyI8m

41