Manhattan’s transfer of ownership that will occur in the next 3-5 years will be massive.

Larry Silverstein's book The Rising came out yesterday on 9/11. I'm only 5 chapters in but so far its the best book on CRE ever written. Do you know what the promote structure was with his equity partner on the WTC acquisition? 50/50 promote over a 12% pref. #retwit

NYC office condos have come full circle. Once dominated by cubicles, we’re now negotiating with a wig manufacturer, alarm system maker, QVC-style studio, bass guitar amp company, prop storage, and even a church. Depressed sales prices are making office condos affordable for firms

Andrew Jeffery Moses Kagan Hunter 🌆 Most of the 12m sq ft of NYC office condos were converted in times of high vacancy - this a path forward for NYC, SF and every other struggling CBD. Sell vacant space for cheap, pay down debt, keep the occupied/income-producing portion and live to see another day

I recently went to contract on a property and later discovered two previously undisclosed loans from private lenders that didn't show up on the initial title report. The tweet below from Moses Kagan provided the playbook on how to handle the situation

I’m excited to interview my friend Tyler Henritze about his new firm, Town Lane, and his recent $1.25B fundraise. We’ll cover how he achieved this in a challenging market, his investment strategies, and highlights from his storied career at Blackstone. Join us at the rebny

NYC’s "City of Yes for Housing Opportunity," which will include the most broad sweeping zoning changes since the adoption of the current Zoning Resolution in 1961, is poised to be adopted in the coming weeks. Will result in a wave of office-to-residential conversions.

From Blackstone to Town Lane to a $1.25B fund—Tyler Henritze shared his journey and insights at our Sales Brokers Committee event last week. Thanks to Michael Rudder for leading the conversation and helping us connect members with industry leaders shaping the future. 💼💡

Owner/occupiers are proud, long-term business owners; as opposed to transient renters.

Thank you to the brilliant Brad Hargreaves who featured me in this recent Thesis Driven piece. Brad takes a deep dive into office condos as a solution for distressed NYC office buildings. thesisdriven.com/p/are-office-c…

Even Buffett can’t resist classic LP psychology: obsesses over minimizing fees, yet willingly forks over a fat chunk of upside via the promote.

I was quoted in the WSJ’s article on Igal Namdar saying that I think he is going to get rich(er) by buying cheap NYC office bldgs. Everyone likes to quote “be greedy when others are fearful” but Igal is the ~only one actually being greedy! wsj.com/real-estate/co…

NYC office buildings are so cheap they are selling for less than the land they sit on.