LEGAL CORNER: NYC Passes the FARE Act and Restricts the Payment of Commissions by Tenants
The real estate industry has expressed concerns regarding the potential repercussions of the FARE Act.
The Northeast Metro office of Trammell Crow Company, a global commercial real estate developer, and its residential subsidiary, High Street Residential, have hired Michael Adamo as Senior Vice President. In his new role, he will be responsible for expanding the firm’s residential development business in New York, New Jersey and Southern Connecticut.
“We are thrilled to welcome Michael to the Trammell Crow Company and High Street Residential team. Michael’s expertise and professional background is deeply rooted in the New York Metro market, allowing him to bring a wealth of knowledge to our expanding multifamily practice in the region,” said Andrew Mele, Senior Managing Director for TCC and HSR’s Northeast Metro market. “We have developed some incredible multifamily properties in the Northeast, most recently outside of Philadelphia and in Pittsburgh. With the addition of Michael to our team, we are well positioned for sustained growth in the dynamic New York Metro market, where his experience in land acquisition, entitlements, design, construction, and lease-up through asset stabilization make him an immediate and valuable asset to the Northeast Metro team.”
Adamo previously served as Managing Director of Acquisitions for Rose Associates, Inc., where he led the sourcing, due diligence, underwriting, negotiation and capital raising efforts for development and redevelopment investment opportunities throughout the New York City metro market. Prior to this, he held development positions with Avalon Bay Communities and The Briarwood Organization.
He earned his Bachelor of Business Administration from Hofstra University and a Master of Science degree from New York University.
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