News:
Spotlight Content
Posted: December 31, 2024
2024 Year in Review: Benjamin Nevid, Meridian Capital Group
Senior Manging Director
Meridian Capital Group
What noteworthy transactions or deals from this year best exemplified key market trends or shifts?
This year, we closed a $180 million self-storage portfolio deal with a large money center bank, spanning multiple high-quality properties across several states. As the highest loan-to-value financing for self-storage in the conduit market this year, the deal reflects continuing liquidity in both the asset class and the sponsors. Self-storage continues to gain momentum as a sought-after investment, with lenders demonstrating creativity, flexibility, and a nuanced understanding of the sector’s dynamics.
What emerging trends will drive investment and development in 2025?
The new administration is expected to introduce policies favorable to commercial real estate, encouraging growth. However, uncertainty around inflation and Federal Reserve rate decisions persists. Banks are right-sizing their balance sheets, forcing borrowers to refinance or recapitalize challenging assets. This trend is expected to accelerate in 2025, driving price discovery. As banks’ health improves, lending activity should increase, creating opportunities for experienced sponsors to acquire undervalued assets. Lenders who adapt and collaborate with seasoned sponsors will play a critical role in recovery, driving innovation and paving the way for renewed development and expansion in 2025.
Tags:
Spotlight Content
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
.png)
.gif)
.jpg)
Columns and Thought Leadership
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”.
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
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
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
.gif)