Shows
Coffee & Cap Rates: Commercial Real Estate Podcast6/2/2025: Episode 108 - Unpacking the Future of Gowanus with Charney's Justin Pelsinger & Ariel's Sean R. KellyIn this episode of Coffee & Cap Rates, Shimon Shkury, President and Founder of Ariel Property Advisors, and Ariel Partner, Sean R. Kelly, Esq., interview Justin Pelsinger, COO of Charney Companies, who will be one of the panelists at Ariel’s next Coffee & Cap Rates event 8:30-11 am on Wednesday, July 30. Pelsinger discussed how and why his firm became a pioneer developer in Gowanus and the recent acquisition by Charney and Tavros Capital of a vested 421-a site at 175 Third Street where the developers are planning 1,000 residences across approximately 1 million square feet. The project will be the fourth bui...2025-06-0217 minCoffee & Cap Rates: Commercial Real Estate Podcast3/3/2025: Episode 106 - Brooklyn 2024 Year-End Commercial Real Estate Trends featuring Sean R. Kelly and Stephen VorvolakosIn this podcast, Shimon Shkury, President and Founder of Ariel Property Advisors, discusses Ariel’s Brooklyn 2024 Year-End Commercial Real Estate Trends report with Brooklyn experts Partner Sean R. Kelly, Esq., and Director Stephen Vorvolakos. Overall, the dollar volume of investment sales in Brooklyn rose to $7.15 billion in 2024, a 37% increase compared to 2023, and transactions increased 5% to 890 year-over-year. Mr. Vorvolakos said nearly 50% of the dollar volume in Brooklyn last year was in the multifamily sector, which totaled $3.5 billion, a 59% increase from 2023. He noted that investors last year shied away from rent stabilized assets but were attracted to smaller tax-class pro...2025-03-0312 minCoffee & Cap Rates: Commercial Real Estate Podcast12/13/2024: Episode 100 - How the City of Yes Will Unlock Value and Create More Housing featuring Michael A. Tortorici & Sean R. KellyShimon Shkury, President and Founder of Ariel Property Advisors, Michael Tortorici, Founding Partner, and Sean R. Kelly, Esq. Partner, discuss highlights from the recently approved City of Yes for Housing Opportunity plan, which will add more than 80,000 new apartments over 15 years and invest $5 billion in infrastructure updates and housing. The partners explore how the new initiative will add housing in neighborhoods throughout New York City, increase the density of some development sites, promote office conversions, allow new development on large campuses and much more. A summary of the City of Yes is available here.2024-12-1309 minCoffee & Cap Rates: Commercial Real Estate Podcast8/27/2024: Episode 96 - Brooklyn 2024 Mid-Year Commercial Real Estate Trends featuring Sean R. Kelly and Stephen VorvolakosIn this podcast, Shimon Shkury, President and Founder of Ariel Property Advisors, discusses Ariel’s Brooklyn 2024 Mid-Year Commercial Real Estate Trends report with Brooklyn experts Partner Sean R. Kelly, Esq., and Director Stephen Vorvolakos. Overall, investment sales in Brooklyn rose to $3.36 billion in 1H 2024, a 43% increase compared to 2H 2023 and 18% increase compared to 1H 2023. In the multifamily market, Mr. Vorvolakos said owners are adjusting their pricing, which is creating opportunities for investors. The average cap rate rose to 6.48% in 1H 2024, the highest level since 2012, which can be attributed to elevated interest rates and uncertainty about new regulations. In...2024-08-2711 minCoffee & Cap Rates: Commercial Real Estate Podcast4/25/2024: Episode 90 - Unpacking NY State’s New Housing Policy featuring Victor Sozio, Michael A. Tortorici, and Sean R. KellyIn this roundtable discussion, Shimon Shkury, President and Founder of Ariel Property Advisors, and his Partners Victor Sozio, Michael A. Tortorici and Sean R. Kelly unpack the new housing policy included in the New York State FY 2025 Budget.Overall, the Ariel team sees the new initiatives as positive, especially for housing creation, but challenging for existing multifamily owners because some free market units will now be regulated and increased apartment improvement allowances for rent regulated units won’t be high enough to make a meaningful difference except possibly in the outer boroughs.To re...2024-04-2417 minCoffee & Cap Rates: Commercial Real Estate Podcast2/29/2024: Episode 88 - Brooklyn 2023 Year-End Commercial Real Estate Trends featuring Sean R. Kelly and Stephen VorvolakosBrooklyn finished 2023 with investment sales totaling $5.15 billion, a 46% decline from the record-breaking 2022, which saw dollar volume top $9.5 billion, according to Ariel Property Advisors’ Brooklyn 2023 Year-End Commercial Real Estate Trends report. Transactions also fell 30% to 839 compared to 1,206 the year before. In this podcast, Shimon Shkury, President and Founder of Ariel Property Advisors, and his guests Sean R. Kelly, Esq., Partner, and Stephen Vorvolakos, Director in Investment Sales, who specialize in investment property sales in Brooklyn, discuss the findings in the year-end report, the role interest rates played in the market last year and the need for lawmakers to...2024-02-2908 minCoffee & Cap Rates: Commercial Real Estate Podcast8/23/2023: Episode 80: Queens 2023 Mid-Year Commercial Real Estate Trends Featuring Shimon Shkury, Sean R. Kelly and Alexander TaicThe Queens investment sales market experienced significant improvement in 1H 2023 compared to 2H 2022 resulting in a 39% increase in dollar volume to $2 billion, of which one-third was in the development asset class, which jumped 78% half-over-half to $632 million. In this podcast, Shimon Shkury, President and Founder of Ariel Property Advisors, Partner Sean R. Kelly, Esq. and Director Alexander Taic explore how developers are seeking 421a vested sites specifically in Northwest Queens and Jamaica, and Beacon Wind Land’s purchase of 31-01 20th Avenue, which accounted for approximately one-third of the development dollar volume. They also examine trends in the multifamily market an...2023-08-2309 minCoffee & Cap Rates: Commercial Real Estate Podcast8/9/2023: Episode 77: Brooklyn 2023 Mid-Year Commercial Real Estate Trends Featuring Shimon Shkury, Sean Kelly and Stephen VorvolakosHow are commercial real estate investors looking at the Brooklyn market today? In this episode of Coffee & Cap Rates, Brooklyn specialists Sean R. Kelly, Esq., a Partner at Ariel Property Advisors, and Stephen Vorvolakos, Director, share the borough’s latest trends with Shimon Shkury, President and Founder of Ariel Property Advisors. For more details, see Ariel Property Advisors’ Brooklyn 2023 Mid-Year Commercial Real Estate Trends report.2023-08-0909 minCoffee & Cap Rates: Commercial Real Estate Podcast2/16/2023: Episode 68 - 2022 Brooklyn Year-End Commercial Real Estate Trends featuring Sean R. Kelly and Stephen VorvolakosShimon Shkury, President and Founder of Ariel Property Advisors, Partner Sean Kelly and Director Stephen Vorvolakos discuss the outstanding performance of Brooklyn’s commercial real estate market in 2022. They highlight findings in the recently released Ariel Property Advisors 2022 Brooklyn Year-End Commercial Real Estate Trends report, which showed that Brooklyn saw a 28% year-over-year increase investment sales to just over $10 billion, the first time ever the borough has cracked the $10 billion mark in dollar volume and surpassing the previous record of $9.19 billion from 2015. Transactions in the borough also increased 20% from the previous year to 1,226, which is nearly half of all the tr...2023-02-1607 minCoffee & Cap Rates: Commercial Real Estate Podcast10/4/2022: Episode 59 - Drivers for New Development in Gowanus featuring Sean R. KellyShimon Shkury, Founder and President of Ariel Property Advisors, discusses the Brooklyn market and Gowanus rezoning with his Partner Sean Kelly, who has specialized in the Brooklyn market for more than 13 years. Kelly is particularly active in Gowanus, where this year he has arranged the acquisition of two development sites — one, a $21.6 million joint venture for a property with a 102,035-square-foot zoning floor area at 125 Third Street, and the second, a property with a 142,500-square-foot zoning floor area at 450 Union Street, which traded for $40.65 million or $285 per BSF, a record for a site in Gowanus with a Mandatory Inclusionary Ho...2022-10-0405 minCoffee & Cap Rates: Commercial Real Estate Podcast10/14/2021: Episode 44 - Staten Island Investment Sales 1H Report featuring Sean Kelly and John HigginsPresident of Ariel Property Advisors Shimon Shkury conducts a discussion with Senior Director Sean Kelly and Director John HigginsDiscussions among the speakers include a reflection on the activity in the Staten Island borough from the past 6 months and insight into what drove the trends. Also, the group spoke about their outlook on what is to come in the second half of 2021. 2021-10-1806 minCoffee & Cap Rates: Commercial Real Estate Podcast8/18/2021: Episode 41 - Brooklyn Investment Sales 1H Report featuring Sean Kelly, Jonathan Berman, Stephen Vorvolakos, and Lawrence SarnPresident of Ariel Property Advisors Shimon Shkury conducts a panel discussion between Senior Director Sean Kelly, Senior Director Jonathan Berman, Director Lawrence Sarn, and Director Stephen VorvolakosDiscussions among the speakers include a reflection on the activity in the Brooklyn borough from the past 6 months and insight into what drove the trends. Also, the group spoke about their outlook on what is to come in the second half of 2021. 2021-08-2008 minCoffee & Cap Rates: Commercial Real Estate Podcast7/29/2021: Episode 38 - Coffee & Cap Rates July 2021 Webinar Panel Discussion featuring Victor Sozio, Michael Tortorici, Sean Kelly, and Matt SwerdlowPresident of Ariel Property Advisors Shimon Shkury conducts a panel discussion between Executive Vice President's Victor Sozio and Michael Tortorici, Senior Director Sean Kelly and Director Matt SwerdlowDiscussions among the panelists include current commercial real estate trends, capital markets opportunities and outlook for the next 6 months2021-07-3028 minCoffee & Cap Rates: Commercial Real Estate Podcast2/23/2021: Episode 30 - Pockets of Strength featuring Victor Sozio, Michael Tortorici and Sean KellyPresident Shimon Shkury welcomes Victor Sozio, Executive Vice President; Michael Tortorici, Executive Vice President and Sean Kelly, Senior Director, to discuss the pockets of strength in the New York City commercial real estate marketTopics include affordable housing, multifamily, industrial and technology2021-02-2305 minCoffee & Cap Rates: Commercial Real Estate Podcast7/21/20: Episode 18 - Ground Leases featuring Sean KellyShimon Shkury meets with Sean Kelly to speak about the concept of land leases during the pandemic, the increased popularity of ground leases and the challenges it presentsGround lease is annual payments (usually for 99 years) that are paid to an owner of land, instead of selling the land, and allowing the leaseholder to develop on the land for the term of the lease2020-07-2109 minCoffee & Cap Rates: Commercial Real Estate Podcast5/7/20: Episode 14 - Brooklyn Retail Market featuring Sean KellyShimon Shkury, President of Ariel Property Advisors, talks with Sean Kelly, Investment Sales Director in Downtown Brooklyn, about Brooklyn's retail marketThe two discuss what types of businesses can survive in Brooklyn because of the current challenges to retailPost the pandemic, landlords and tenants will have to work together to create smart and innovative ways to structure leases and agreements2020-05-0706 min