Andrew Coen

Journalist covering commercial real estate for @commobserver. Proud Hofstra alum. Huge @HofstraPride and Boston pro sports fan. Rhode Island native.

[SURMOUNT @wearesurmount]

Last year, our CEO @GlenKunofsky made many trips from NYC to Washington, D.C. not for deals, but for policy.

Having seen both sides of 100% bonus depreciation firsthand, from the boom when it was active to the slowdown as it phased out, his mission was simple: permanently restore it for real estate assets placed in service after January 19, 2025.

The result? It’s now law, and we are already seeing its impact across the net lease development pipeline.

Glen answers five questions on what permanent bonus depreciation means for net lease in @commobserver

Read the full story by @AndrewCoen: https://t.co/4n31cXnmsT

#CRE #NetLease #BonusDepreciation #TaxPolicy #CommercialRealEstate

[Glen Kunofsky @GlenKunofsky]

Last year, I did something I never expected to do. I became a lobbyist.

Not professionally, but I believed strongly enough in an issue that I found myself on @Amtrak to Washington more times than I can count.

The goal was simple to make 100% bonus depreciation permanent. Not temporary. Not phasing out. Permanent. Real estate projects can take three, four, sometimes five years and developers cannot plan around a benefit that might disappear.

Over the course of 50 to 75 meetings, I explained car wash economics to U.S. senators and took follow up calls while legislation was being written.

And it worked.

Less than a year later, we have already seen 300 to 400 projects come across our desks at @wearesurmount from developers ready to move because of it.

I shared more of the story with @AndrewCoen in @commobserver:
https://t.co/aVjz2Yar1q

[Trepp @TreppWire]

📢"$91B of the $126.6B of CMBS issuance volume last year was via single-asset, single-borrower transactions (SASB), a trend I expect to continue in 2026."

Trepp's @Lonnie_CRE was recently interviewed by @commobserver at the @CREFC conference in Miami.

Lonnie expects 2026 to be another strong year for the CMBS market, driven largely by SASB deals. Issuance could well approach $130B again.

Read the full piece here by @AndrewCoen: https://t.co/1eXWiOiJZA

[Andrew Coen @AndrewCoen]

@Kurtpimentel @awstar11 he did not thankfully

[Andrew Coen @AndrewCoen]

@StephenGorchov Because your Alma mater and employer and would have been convenient :)

[Max Gross @SchlubGross]

Full story on the Fed cut from @AndrewCoen

https://t.co/SCSwmn58um

[Andrew Coen @AndrewCoen]

And we returned the favor next year by beating Miami in final game with late comeback. Rare times where we both rooted for rivals :) I love the work you do with this account and keep up the great work!

[New York Jets History @nyjetshistory]

@AndrewCoen The Jets helped the Pats out a lot that year😭

[Andrew Coen @AndrewCoen]

@nyjetshistory As a Patriots fan I was very grateful when he made this pick since it gave us a first round bye and meant hosting Raiders in divisional round in what proved to be famous Tuck Rule game.

[Andrew Coen @AndrewCoen]

I looked at the #commercialrealestate angle of @KamalaHarris economic policy speech today in her bid to become the next @POTUS.

[Commercial Observer @commobserver]

Kamala Harris Aims at Apartment Rent Increases in First Policy Speech https://t.co/G70VuV84IY

[Andrew Coen @AndrewCoen]

@ErinESchultz @News12LI Looks like a winner to me!

[Andrew Coen @AndrewCoen]

@ArcHofstra @HofstraMSOC What stood out most to me is no Stony Brook on league schedule, which is bonkers as this Long Island rivalry should happen every season and would be like Michigan and Ohio State not facing each other. @CAASports really dropped the ball big time with this!

[President Biden Archived @POTUS46Archive]

Congrats @celtics, the 2023-2024 NBA Champions and now the all-time NBA leader with 18 titles.

A true legacy of excellence.

[Great Ink PR @GreatInkPR]

Walt Templin, head of investment management at @LandmarkProps talks with CO reporter @AndrewCoen about this very steady asset class that has demonstrated continuous rent and occupancy growth at flagship universities across the country.

[Lawrence Herbert School of Communication @HerbertSchoolHU]

From Campus Airwaves to National Airwaves – Alumnus Lands New Role at @WFAN660 (c/o @HofstraU )

https://t.co/U3XItXwFFl

[Commercial Observer @commobserver]

Last call for Top Young Professionals nominations! Tomorrow, May 24 at 5PM ET is the deadline to submit your choice for this year's honorees.

Submit you nomination here: https://t.co/nsAtgepOE6

#CommercialRealEstate

[Furman Center @FurmanCenterNYU]

The New York City Employees’ Retirement System announced a $60 million investment in affordable housing in a joint venture led by Community Preservation Corporation with Related Fund Management and Neighborhood Restore HDFC via @CommObserver's @AndrewCoen https://t.co/BJEY7iU5LO

[Commercial Observer @commobserver]

2024 Power Finance https://t.co/gPGyTvTBy8

[Boston Sports Throwback @BOSthrowback]

February 3rd, 2002: Gil Santos on the call… #nfl #patriots

[Hofstra Men's Basketball @HofstraMBB]

🚨 𝙃𝙤𝙛𝙨𝙩𝙧𝙖 🤝 𝙎𝙥𝙤𝙧𝙩𝙨𝘾𝙚𝙣𝙩𝙚𝙧 🚨

✅ Win
✅ Win over rival
✅ Game-winning shot on @espn / @SportsCenter 

#PrideOfLI