Boroughs & Burbs 60 || New York's Commercial Market with Amir Korangy and Aaron Feldman
Manage episode 342705247 series 2814073
This is definitely going to be a different kind of show. These are two incredibly well-connected men in the world of New York real estate whose business it is to know the major trends, who's getting in, who's getting out, and why.
While most of us focus on a few listings at a time we have with us on the show Aaron Feldman, co-founder of Benchmark Real Estate Group a man who has developed, managed and sold dozens of buildings and who currently manages over a thousand apartments worth over $1 billion. The Real Deal was paying attention to Benchmark, noting that they were $400 million sellers between 2015 - 2017. Two years later the Real Deal reported that Benchmark Real Estate Group was back in the market and raising $250 million through the acquisition of a SPAC and an IPO. Has he found any interesting multifamily buildings to buy or develop? Which New York markets are poised to go higher? And, what is the value-add he brings in 2023?
Amir Korangy founded The Real Deal nearly 20 years ago when he realized there was a need in the market to cover the real estate industry here. The online and print publication, which serves as a source for other periodicals, was self-proclaimed "the must-read news source for real estate news," in a profile in the Los Angeles Times in 2009, and "the hot sheet for NYC real estate professionals," by the New York Post. Korangy was named one of the 100 most powerful figures in New York City real estate by the New York Observer in 2009. In 2008 he expanded to the Miami market, and in 2016 he added Los Angeles. In mid-2017, TheRealDeal.com was named the website with the wealthiest audience by Quantcast, and made the top 25- list of websites with the most educated audience. Just under 80 percent of TheRealDeal.com's readers have at least an undergraduate degree.