Report: Luxury Home Sales in Markets North of NYC Increased by Double Digits in the Third Quarter
The growing number of closed sales is concentrated in the lower end of the luxury market.
The Fordham Real Estate Institute has announced that Ryan Severino, chief economist and head of U.S. research at Bentall Green Oak, and Kenneth Morrison, managing member of Lemor Development Group, have been named to its Executive Advisory Council of real estate industry and business leaders.
Morrison and Severino will collaborate with the EAC on enhancing the student experience, increasing awareness of the expanding program offerings, and growing enrollment on REI’s campuses at Lincoln Center in Manhattan and West Harrison.
They join council members from such firms and associations as UBS, JLL, Brown Harris Stevens, Douglaston Cos., the Real Estate Board of New York, Simone Management Group and Related Cos.
“We’re delighted to have Ryan and Kenneth join our Executive Advisory Council,” said Ryan O’Connor, chair of the EAC and CEO of Clinton Management. “Ryan’s extensive knowledge of economics and forecasting, and Kenneth’s vast experience in housing development and collaborating with municipal agencies will complement our council as we design new programs reflective of the evolving real estate industry.”
Severino is responsible for global and regional economic research, analysis and forecasting as well as property market research at Bentall Green Oak). Prior to joining BGO in May 2023, he was chief economist at JLL, where he managed the economics team and performed global and regional economic research and forecasting, as well as property market forecasting. Severino also has held senior research positions at Reis, MetLife Real Estate Investments, Starwood Capital Group, Prudential Real Estate Investors and UBS.
Severino is an adjunct professor of finance and economics at Columbia University and New York University and is a Chartered Financial Analyst. He earned a master’s degree from Columbia University and a bachelor’s degree from Georgetown University. He is a member of the CFA Institute, the American Economic Association, the National Association for Business Economics, Urban Land Institute, and National Council of Real Estate Investment Fiduciaries.
Morrison, a licensed New York State real estate broker, oversees Lemor Development Group, which focuses on real estate investments, consulting and development. Morrison is active in promoting affordable housing and has worked with municipal agencies in New York and New Jersey to successfully develop projects including The Robeson, a 10-story building in Central Harlem, and Balton Commons, a seven-story mixed-use development in New York City.
Morrison earned a bachelor’s degree in Business and Entrepreneurship from the University of Phoenix, and recently completed a Master of Science in Real Estate at Fordham University. He is on the boards of Bradhurst Merchants Association, New York City Habitat for Humanity and New York Real Estate Chamber, and is chairman of the Greater Harlem Real Estate Board.
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