NYU Schack Institute of Real Estate

NYU Schack Institute of Real Estate Associate Dean Marc Norman was recently interviewed by The Albany Times Union about the latest on Governor Kathy Hochul’s New York housing plan.

"New York's housing shortage is no longer simply an affordability problem," said Marc Norman, a clinical professor at New York University's Schack Institute of Real Estate. "It is increasingly a supply problem."

Read more: https://www.yahoo.com/news/articles/hochul-says-york-housing-plan-182717216.html

NYU School of Professional Studies

Hochul says New York housing plan is ahead of pace, but shortage remains Gov. Kathy Hochul says New York is on track to exceed its 100,000-unit plan, but experts warn the state's housing shortage remains deep.

NYU Schack Institute of Real Estate professor Suhail Y Tayeb has written a piece for Commercial Observer on why the biggest constraint on the booming data center industry isn’t demand or capital, but trust.

"If the industry wants to regain legitimacy, it needs to start answering the right question.
It means large energy users operating under dedicated rate structures that prevent cost shifting. It means minimum take agreements that ensure infrastructure investments are paid for. It means binding community benefit agreements that specify local hiring and investment. It means clear disclosure of water sourcing and usage. It means enforceable noise standards and limits on backup generation."

Read more (paywall): https://commercialobserver.com/2026/04/data-center-questions-to-ask/

NYU School of Professional Studies

The Data Center Debate Is Missing the Point The conversation around the fast-growing asset class has fractured into two opposing narratives.

This weekend is New York University Weekend on the Square, where we'll welcome newly admitted NYU Schack Institute of Real Estate undergraduate students! Students will hear from senior SPS leadership as well as a student panel with current undergraduate students.

To those attending this weekend - we can't wait to meet you! Welcome to the NYU SPS Schack Institute of Real Estate and .


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NYU Schack Institute of Real Estate adjunct assistant professor Constantine Korologos has been quoted in Commercial Observer on cryptocurrency and the commercial real estate market

"'One of the good things about real estate is the value of a building isn’t swinging back and forth like a share price during a volatile market, but present value versus future expectations changes all the time, which impacts longer-term market value,' he explained, before tackling essentially the complete lack of regulation around the cryptocurrency space."

Read more (paywall): https://commercialobserver.com/2026/03/cryptocurrency-commercial-real-estate-deals/

NYU School of Professional Studies

Cryptocurrency's Commercial Real Estate Moment: What's Behind It. It seemed far-fetched only a few years ago, but now tokenization has opened up the possibility of trading real estate with virtual tender.

Today is NYU One Day, an annual 24-hour day of giving dedicated to funding the dreams of NYU students. At the NYU School of Professional Studies, we do more than prepare students for careers—we empower them to become trailblazers, innovators, and leaders who shape the future of work. Every day, our community of more than 57,000 alumni around the world proves what is possible with an SPS education.

On , we come together as one SPS community—students, faculty, staff, alumni, and friends—to invest in that impact.

You can support the continued growth and impact of the NYU Schack Institute of Real Estate by making a gift to the Hirsh Family MS in Real Estate Fellowship Fund. Schack alumnus David Hirsh ’90 will match every donation 1:1, up to $20,000—doubling your impact.

Help us reach our goal of 350 gifts. No matter the amount, every contribution makes a difference and demonstrates the strength of the NYU SPS community.

Learn more: https://nyuoneday.org/pages/nyu-school-of-professional-studies

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NYU Schack Institute of Real Estate professor Scott Robinson is quoted in Dakin Campbell's Business Insider story on data center startup Fermi.

"Scott Robinson, director of the REIT Center at NYU's Schack Institute of Real Estate, said investors would likely demand a lower stock price to protect themselves.

Robinson said REIT risk would make him leery of Fermi stock. 'I would probably want to buy that stock at a discount to account for that uncertain economic outcome if they don't get their REIT ruling,' he said."

Read more: https://www.msn.com/en-us/money/other/a-buzzy-data-center-startup-calls-itself-a-utility-that-could-be-a-problem/ar-AA1WXL8I

NYU School of Professional Studies

Fermi America wants to power the AI boom. The IRS might make that difficult. Fermi American has pitched itself as cutting-edge utility. But its corporate structure puts strict limits on its income sources.

NYU Schack Institute of Real Estate professor Tim Savage participated in a recent Commercial Property Executive webinar on "Harnessing the Power of AI in CRE."

Read more and watch here: https://www.commercialsearch.com/news/the-power-of-ai-reshaping-cre-one-agent-at-a-time/

NYU School of Professional Studies

The Power of AI: Reshaping CRE One Agent at a Time During this CPE Voices webinar, CRE experts discussed how AI is being used across the sector and how starting small can lead to big gains.

NYU Schack Institute of Real Estate professor Suhail Y Tayeb is interviewed in a podcast by Commercial Property Executive on data centers and responsible development.

Watch/listen here: https://www.commercialsearch.com/news/sustainability-street-data-centers-reach-at-a-crossroads/

NYU School of Professional Studies

Sustainability Street: Data Centers Reach a Crossroads Investor, developer and professor Suhail Tayeb and CPE's Therese Fitzgerald discuss how responsible development will increasingly be a risk management strategy.

Today is the day! The 9th Annual Conference on Sustainable Real Estate is underway at NYU’s Kimmel Center, bringing together voices from across industry, academia, and policy to explore "Beyond the Blueprint: Climate, Community, and Sustainable Real Estate."

From energy and climate risk to housing, finance, adaptive reuse, and the future of development, today’s conversations are bold, timely, and action-driven. We’re excited to welcome an incredible group of speakers who are pushing ideas forward and challenging how we think about the built environment.

Stay tuned to our social media channels for live updates, speaker highlights, and moments from the day.



NYU School of Professional Studies

The future of sustainable development is being written today. Panel 6: The Future of Sustainable Development will examine emerging trends, technologies, and policies that will define climate-ready, community-focused real estate for the next decade at the 9th Annual Conference on Sustainable Real Estate on February 2 at NYU Kimmel Center.

Panel Lineup:
• Moderator: Laura Gruber, BS in Real Estate Candidate, Class of 2026, NYU SPS Schack Institute of Real Estate
• Carlos Cerezo Davila, Director of Sustainability, KPF
• Scott Frank, Executive Vice President, JB&B
• Varun Kohli, FAIA, LEED, Principal & Director of Sustainability, Corgan
• Lauren Brust Moss, Senior Vice President – Chief Sustainability Officer, Vornado Realty Trust
• Brian Schwagerl, Clinical Assistant Professor, NYU SPS Schack Institute of Real Estate

🔗 Register now: https://www.sps.nyu.edu/about/events/schack-institute-of-real-estate-division-events/sustainable-real-estate-conference.html



NYU School of Professional Studies