In 2004, Anthony E. Westreich established the real estate company Monday Properties. For the past 12 years, he has worked to build a portfolio worth $12 billion and conducted over 50 property transactions. In addition to his responsibilities as chairman and CEO of Monday Properties, Anthony Westreich serves as a member of the Real Estate Board of New York (REBNY).
REBNY represents real estate professionals in New York City. Established in 1896, the board promotes the mutual interests of the industry by addressing property management concerns with government bodies. Members of REBNY are also granted access to education programs, such as real estate courses for licensing and professional development.
In addition, REBNY offers higher education courses such as the Certified Buyer Representative (CBR) program. This advanced course is targeted toward real estate professionals who intend to learn industry best practices and regulations on agency representation. Marie Spodek, DREI, conducts the two-day CBR program. As graduates, licensees receive the CBR designation as well as a free listing in CBR’s online member roster.
A veteran of the real estate industry, Anthony E. Westreich serves as chairman and CEO of Monday Properties in New York City. To remain involved with his professional community, Anthony Westreich belongs to the Real Estate Board of New York, an organization that unites more than 16,000 professionals in the real estate sector throughout New York City.
One of the major focuses of the organization is education. The board allows individuals to take both continuing education and licensing courses online so that they can fit the classes into their busy schedules. People can become licensed as a New York State real estate salesperson with the board’s 75-hour online class or as New York State broker with a 45-hour class that has different packages depending on individual needs. Individuals licensed as salespeople before July 1, 2008, can also take the required 30-hour remedial course online.
Real estate agents in New York are expected to complete 22.5 hours of continuing education credits every two years. The board has partnered with several online classrooms to provide a wide range of coursework.
Anthony E. Westreich is a real estate management executive and an engaged community member of New York City. Presently the CEO of Monday Properties, Anthony Westreich supports organizations including the American Israeli Public Affairs Committee and Mt. Sinai Hospital. He is also a member of the Real Estate Board of New York.
The Real Estate Board of New York (REBNY) was originally founded in 1896 as the Real Estate Board of Brokers of the City of New York with the goal of protecting and advancing the real estate business in the city. A real estate trade organization, REBNY features a membership base of over 16,000 who have access to a range of state certified professional education programs.
Graduate Designations are one component of these programs. These courses are targeted toward real estate professionals with high levels of experience and include four designations:
– New York Commercial Professional – a continuing education certification that facilitates ongoing skill development.
– New York Residential Specialist – a certification targeted at residential brokers and exemplifies high levels of customer service and satisfaction.
– Certified Buyer Representative – a certification with a focus on agency presentation that provides education on laws, best practices, and ethics.
– Certified Negotiation Expert – a certification in partnership with the Certified Negotiation Expert Institute that provides education on negotiating strategies and techniques.
As the founder and CEO of Monday Properties in New York, New York, Anthony E. Westreich is responsible for the firm’s vast holdings in the area. Anthony Westreich further supports the commercial real estate industry through his participation in the Building Owners and Managers Association International (BOMA).
The Building Owners and Managers Association International exists to support the efforts of people who work in the commercial real estate business. The century-old organization plays an active role in shaping the industry, and works in partnership with government entities and various organizations to enact positive change in the world of real estate.
In recent years, BOMA has begun to encourage sustainable building and management practices. To support members as they attempt to build responsibly, the organization maintains a directory of information for commercial builders and managers. BOMA updates the sustainability information regularly, ensuring that it always stays up-to-date.
This guide walks industry professionals through training, procedures, and certifications in various states and countries. It has information about American programs such as Energy Star and LEED, and provides resources to point international builders in the right direction in their own country.
Anthony Westreich is a longtime real estate executive who guides Monday Properties as CEO and chairman. The firm has extensive commercial property holdings spanning New York and Washington, D.C. Speaking recently with Real Estate Finance and Investment, Anthony Westreich emphasized that the firm has been undertaking New York sales such as the $1.2 billion office tower 230 Park Avenue as part of an overall strategy of value creation.
Mr. Westreich is still fairly skeptical about New York values, which have resulted in the firm being positioned as a net seller in that market for three years running. At the same time as New York office divestments have continued, Monday Properties maintains an extensive portfolio of greater Washington, D.C., properties.
The firm is closely watching the Washington, D.C., market for recovery signs that will signal a new acquisition trend. Mr. Westreich is convinced that the next several quarters will reflect the effects of the area’s net population growth and absorption, and see significant leasing market improvements. At the same time, a large amount of debt tied to commercial mortgage-backed securities will mature in 2016 and 2017, which will create vital investment partnership opportunities.
For more than two decades, Anthony E. Westreich has been working in the real estate investment, development, and management fields. The CEO and chairman of Monday Properties, he is responsible for leading the reputable real estate firm. Under the leadership of Anthony Westreich, Monday Properties has invested in numerous commercial properties.
Investing in commercial property can be quite lucrative, but the amount of success you experience largely relies upon the property you pick. Determining the best location can be quite difficult, especially when it comes to commercial properties. If you want to reach your target tenants, you will want to find a property in an area that matters to them. You will also want a property that is in good condition, has few exterior and interior limitations, and adequate parking. Unfortunately, what was once the best location can quickly become less desirable, so you have to look into the location’s potential future, as well.
Once you have a good idea of which properties you want, you can start looking deeper into their potential value. Estimate their cash flow for the future and remember to include estimates for everything from mortgage and interest to vacancies. This gives you general idea of what problems you may encounter when buying a particular property. Further, look into the property’s equity growth potential. Doing so will give you a sense of how much money you should set aside for improvements.
A leading real estate investor and developer based in New York City, Anthony E. Westreich serves as a donor to a wide range of humanitarian, cultural, and arts institutions, including Lincoln Center for the Performing Arts. Support for Lincoln Center represents an investment in New York’s long-term cultural development for Anthony Westreich and its many other sponsors.
The site of several theatrical venues, the Lincoln Center complex includes the Vivian Beaumont Theater, named for philanthropist and lover of the performing arts Vivian Beaumont Allen, whose financial gifts made it possible to establish a permanent home for theater at Lincoln Center.
First opened in 1965, the Vivian Beaumont Theater was designed by renowned Finnish-born architect Eero Saarinen. The rectangular building presents a stunning glass-walled facade, which offers a gleaming expanse against the city’s night sky.
The Beaumont is part of a conjoined group of theaters under the overall name of Lincoln Center Theater. Eero Saarinen also designed the Mitzi E. Newhouse Theater, situated in the Beaumont’s lower level. The two Saarinen theaters are actually part of a structure that includes the New York Public Library for the Performing Arts, which wraps around them. Hugh Hardy subsequently designed a smaller structure, now the Claire Tow Theater, to rest atop the Beaumont.