The Anton Group at Marcus & Millichap

New York City's retail market is bouncing back with a surge in tourism driving demand, particularly in Manhattan. Average rents are rising across the city, while new developments in Queens and Brooklyn add significant inventory. Job growth and a strong multi-tenant sector signal a robust market recovery. Specializing in all things NYC, The Anton Group brings extensive experience in raising capital and investment sales. Don't hesitate to reach out to us for all of your real estate needs. We are here to help you navigate this complex market with confidence. #antongroupnyc #nyre

❗ THE ANTON GROUP MARKET UPDATE | JUNE 2024 ❗ Despite the turbulent market, the Anton Group remains active, successfully selling properties across all asset classes and raising both debt and equity... Read through to see some of our current opportunities ⬇ #TheAntonGroupNYC #NYCRealEstate #CRE

The Anton Group's Eric Michael Anton and Nelson Lee will be attending the ICSC conference in Las Vegas this Sunday through Tuesday. As a valued client, we would look forward to the opportunity to meet with you and discuss some of our new investment opportunities. Currently, we are offering: ➡️ Portfolio of large single tenant NNN properties located across the country ➡️ Distressed office buildings in Midtown Manhattan ➡️ Union and non-union hotels in Manhattan ➡️ Free market multifamily property in Manhattan ICSC Las Vegas presents the perfect opportunity for us to connect face-to-face and explore how The Anton Team can support your investment strategy. We would be delighted to schedule a meeting with you during the conference to discuss your specific needs and share insights on the current market trends. 📩 If you plan to attend ICSC Las Vegas 2024, please reach out to us directly to arrange a meeting.

Albany's new housing deal is here, and it addresses a variety of matters such as the extension of the 421A deadline, the introduction of 485x as a replacement, Office-to-Residential conversions, the removal of the Residential FAR 12 cap, regulations for Residential Projects in Historic Districts, Good Cause Evictions, and renovations on rent-stabilized units. After reading through 485x, I'm curious to see how and if new resi developments will pencil with the revised affordability and wage requirements. Good Cause Eviction, while passed, thankfully looks to be a more watered down version than what was previously introduced. In the end, I think it will hurt both landlords and tenants with landlords assuming greater leasing risk and tenants facing more stringent requirements. And while there have been changes to the IAI formula, this bill doesn't do enough to help owners of vacant rent-stabilized apartments recoup renovation costs. Regardless, I'm optimistic that there is some relief and clarity has been granted. Looking forward to the upcoming opportunities!

Midtown foot traffic is now at 80% compared to prepandemic, and the renewed intestest in well located Class B buildings should also bring more demand for sidestreet retail in these markets.

A quote from our senior managing director, Eric Michael Anton, in a new article on ConnectCre: “The resurgence of interest in well-located Class B and C segments in Midtown, together with the consistent demand for proximity to major transportation nodes, presents a promising forecast for New York City’s office market this year." Check out the link below to read more! #TheAntonGroupNYC #NYCRealEstate #NYCOfficeMarket

Please have a listen to The Anton Group's Trever Gallina discuss the state of market today for Retail Property Sales in New York City. In this episode, amongst a wide variety of topics, Trever covers: * What types of buyers are in the market now and the challenges they face. * What is driving retail investment sales. * Different trend cycles of retail leasing in different neighborhoods. * How omnichannel retail has impacted retail property sales in NYC.

For my last semester at NYU Schack Institute of Real Estate, I focused on my Capstone project under the guidance of Professor Manish Srivastava, examining labor accommodations in Saudi Arabia. Thanks to Alhassan Ahmad Hamideddin from the Ministry of Municipal and Rural Affairs and Housing, I connected with شركة ماسك اللوجستية -MASIC LOGISTICS specifically Rami AlShaikh, Rakan Altawyan, Hadi Hammoud and Meshari Almushawah, who generously provided me with a site in Saudi Arabia to assess the feasibility of developing quality expat housing. Big shoutout to Professor Manish Srivastava for guiding me through the project. During my visit to Saudi Arabia, I learned about global investments in real estate beyond New York City. Last year at MIPIM, I met my friend Norah Ahmed AlOmair, who, along with her colleagues Alzahra Aldabbagh and Stephen Hamilton, gave me a tour of Diriyah, the massive $63.2 billion giga-project they’re developing with Diriyah Company l شركة الدرعية. The picture with all the cranes is a project my friend Bahjat Said, from NYU, is currently working on. Additionally, I caught up with other friends, Badr Khodari and Hatem Alkhathami, from grad school who live in the KSA. Attending the Real Estate Future Forum l منتدى مستقبل العقار in Riyadh further helped me better understand the substantial global capital and talent committed to real estate as a top investment choice. At The Anton Group at Marcus & Millichap, we are committed to fostering strong relationships with international clients and partners. Eric Michael Anton and Nelson Lee attended PERE Network's Asia Summit 2024 this week in Singapore and are flying to Tokyo today to continue their meetings with investors in Asia about investing in New York City. If you're interested in exploring investment opportunities in New York City's real estate industry, especially in office properties, at a lower basis compared to recent years, please feel free to reach out to me. As a team, we specialize in all asset classes in Manhattan, NYC. Let's discuss how we can work together to achieve your investment goals! #nycrealestate #investmentsales

🌟 We are excited to be attending the PERE Asia 2024 Summit next week in Singapore! 🌟   We are thrilled to announce that our team will be participating in the upcoming PERE Asia 2024 Summit in Singapore, and we're proud to have Birch Group and Oak Funding as our sponsors for this event. At the summit, we'll be diving deep into discussions about the latest trends and developments in the NYC multifamily/rental housing sector, exploring opportunities in the hospitality industry, analyzing the landscape of distressed office spaces, and sharing insights on raising equity for Oak Funding to provide financing and equity solutions. If you're attending the summit and want to connect with #BirchGroup, #OakFunding, or The Anton Group at Marcus & Millichap to discuss the current market status and explore potential opportunities, don't hesitate to reach out to Nelson Lee to schedule a meeting. Looking forward to engaging discussions and fruitful connections at PERE Asia 2024! #TheAntonGroupNYC #PEREAsia2024 #RealEstate #Finance #Networking #SingaporeConference