Inventory for all property types declined in almost all areas, except for Rockland’s condo and co-op markets, the latter with an 84.6% gain. The Bronx led the region for new listings, with a 31.9% increase.
PrimeSource, which is a leading manufacturer of proprietary brands and a distributor of premier third-party brands, will utilize the location to service New York, New Jersey, Connecticut and Pennsylvania.
NEW YORK—As interest rates climb, inflation hits a 40-year high and global economic uncertainty surges, what impact is this having on the commercial real estate market? Will CRE transactions yield less returns, and what effect will rising interest rates have on property values and investment performances?
The Fordham Real Estate Institute will host a panel of industry experts on July 26 to take an in-depth look at the CRE market, analyze the numbers and share best practices for managing through the volatility. The event is part of Fordham’s Visionary Series CCL, a five-year campaign tied to the 250th anniversary of the United States in 2026.
“Rising Interest Rates and the Impact on Commercial Real Estate” will take place on Tuesday, July 26, 11 a.m.-1:15 p.m., at Fordham University’s School of Law, Bateman Ballroom, 150 W. 62nd St., New York City. The event will be held in-person and also presented virtually and live-streamed. The in-person event will include a networking brunch at 11 a.m. and the presentation will begin at 12 p.m.
The panel will be moderated by Tony Fineman, Senior Managing Director and Co-Head of National Originations at ACORE Capital. ACORE is one of the largest investment managers focused on commercial real estate lending with approximately $19 billion in assets under management, and with offices in San Francisco, Los Angeles, Dallas, Miami metro and New York.
The panel will feature the following leading industry experts:
Andrea Balkan, Managing Partner/Real Estate Group at Brookfield, a global owner and operator of renewable power, infrastructure, real estate, private equity, credit and insurance solutions with $725 billion in assets under management and more than 150,000 employees in 30 countries.
Adam Doneger, Vice Chairman, Cushman & Wakefield, a leading global real estate services firm with revenue of $9.4 billion and some 50,000 employees in over 400 offices and 60 countries.
Ryan Severino, Chief Economist at JLL, a leading professional services firm specializing in real estate and investment management, with $19.4 billion in revenue, operations in over 80 countries and a global workforce of more than 100,000.
The event will include an introduction from Lou Mirando, CEO of Streamline CRE Funding Group and co-chairman of the Fordham REI’s Executive Advisory Council.
“Rising interest rates and economic uncertainties on a global scale are adding to an already turbulent market, and many industry experts are not confident the commercial real estate market will remain healthy and viable,” Mirando said. “What’s next? Our expert panel will break down the numbers and share insights to answer that question and much more.”
Also at the event, co-chairman of the Fordham REI’s Executive Advisory Council, Ryan O’Connor will introduce Fordham REI’s Scholarship 250 program.
Lowe’s and Sam’s Club are situated within the larger Hudson Valley Plaza, a 673,000-square-foot regional power center, anchored by complementary retailers such as Walmart and PetSmart, among others.
The Orange County Partnership attends the SEMI Industry Strategy Symposium in Half Moon Bay, CA to promote Orange County as "the bridge" between New York City and Albany, and a shovel-ready market with sites ready for major semiconductor manufacturing investment.
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