News: Spotlight Content

2023 Women in CRE: Erika Banach, Marcus & Millichap Capital Corporation

Erika Banach
First VP, Corporate Strategy & Dev.
Marcus & Millichap Capital Corp. 

What recent project, transaction, or accomplishment are you most proud of? My role requires that I focus on creating effective strategies to generate revenue for the firm. I am responsible for executing these strategies, measuring the impact, and adapting as required. I am most proud of identifying synergies between financing, investment sales, and loan sale professionals and implementing actions to maximize cross collaboration that directly generates value for our clients. By utilizing innovative technology, we have enhanced connectivity, user experience, and referral business.

What are the most important factors women in your industry should consider when choosing a firm to build their career with? Find a firm/sponsor that values your unique attributes. You need a seat at the table to grow/ contribute. Opportunities are endless in the right environment.

Who inspires you most? What qualities do they possess that inspire you? My two sons inspire me. Their zest for learning, discovery, and interest in the natural world spark my endless curiosity--their boundless energy is invigorating! 

 Why should this nominee be recognized in our Women in Commercial Real Estate Spotlight? “Erika has played a key role in designing and applying multiple new processes and implementing best practices company-wide, generating greater efficiencies and superior client experience. She is active on the firm’s women’s networking group and has worked on developing a broader diversity and inclusion strategy throughout the firm.” - Evan Denner, Executive Vice President, Head of Business at Marcus & Millichap Capital Corp.

MORE FROM Spotlight Content

Over half of Long Island towns vote to exceed the tax cap - Here’s how owners can respond - by Brad and Sean Cronin

When New York permanently adopted the 2% property tax cap more than a decade ago, many owners hoped it would finally end the relentless climb in tax bills. But in the last couple of years, that “cap” has started to look more like a speed bump. Property owners are seeing taxes increase even when an
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
Oldies but goodies:  The value of long-term ownership in rent-stabilized assets - by Shallini Mehra

Oldies but goodies: The value of long-term ownership in rent-stabilized assets - by Shallini Mehra

Active investors seeking rent-stabilized properties often gravitate toward buildings that have been held under long-term ownership — and for good reasons. These properties tend to be well-maintained, both physically and operationally, offering a level of stability
The strategy of co-op busting in commercial real estate - by Robert Khodadadian

The strategy of co-op busting in commercial real estate - by Robert Khodadadian

In New York City’s competitive real estate market, particularly in prime neighborhoods like Midtown Manhattan, investors are constantly seeking new ways to unlock property value. One such strategy — often overlooked but
Properly serving a lien law Section 59 Demand - by Bret McCabe

Properly serving a lien law Section 59 Demand - by Bret McCabe

Many attorneys operating within the construction space are familiar with the provisions of New York Lien Law, which allow for the discharge of a Mechanic’s Lien in the event the lienor does not commence an action to enforce following the service of a “Section 59 Demand”.
How much power does the NYC mayor really have over real estate policy? - by Ron Cohen

How much power does the NYC mayor really have over real estate policy? - by Ron Cohen

The mayor of New York City holds significant influence over real estate policy — but not absolute legislative power. Here’s how it breaks down:

Formal Legislative Role

Limited direct lawmaking power: The NYC Council is the primary