News: Brokerage

Young & Established: Marks of TerraCRG: Involved in over 100 deals - $375 million total

Name: Dan Marks Title: Vice President, Investment Sales & Leasing Company/firm: TerraCRG Year Company was founded: 2008 Years with company/firm: 3.5 Years in field: 10 Years in real estate industry: 10 Address: 592 Pacific St., Suite B, Brooklyn, NY 11217 Telephone: 718-768-6888 Email: [email protected] URL: www.terracrg.com Twitter: @brooklyndanny LinkedIn: https://www.linkedin.com/pub/dan-marks/a/1a/a36 Real estate organizations / affiliations: SBIDC, Brooklyn Chamber of Commerce, Brooklyn Arts Council (Board Member), Opportunities for a Better Tomorrow (Leadership Board Member) Who in the commercial real estate industry do you admire most? And why? At the risk of sounding like a complete ass kisser, Ofer Cohen, the founder and president of TerraCRG. I met with a number of real estate firms when I was looking to move to N.Y. and I was drawn to TerraCRG because of Ofer's focus and dedication to the Brooklyn market. I met with a lot of great companies but none had the singular focus on one market. Besides the laser market focus, his marketing mind and negotiating skills are second to none. What was the most important thing you learned in school? I received my undergraduate degree from Marquette University in Milwaukee, WI. I didn't have a clear sense of what I wanted to do after school so I took a lot of communication classes. Those classed taught me a lot about how people communicate, both verbally and non-verbally. Those lessons learned have been valuable to me in my sales career. I received my MBA from the University of Colorado. As a commercial broker I wanted to better understand how my clients were analyzing the deals. The real estate finance classes I took have proven to be the most important. What is the best advice you ever received? What's the next big project you want to tackle? When I was in high school I was asked to write an essay on what it meant to be successful. I wrote my essay and focused on wealth as the barometer for success. I thought it was a great paper but my grandfather read it and was very disappointed in me. He told me that it didn't matter how much money I made in life, no matter what I was doing to do it to the best of my ability. "If you dig ditches for a living, make sure you are the best ditch digger you can be." What are you most proud of? Professionally speaking only: Since joining TerraCRG, less than four years ago, I have been involved in over 100 closed transactions with a dollar volume of over $375 million. What is one goal—either personal or professional—that you would like to accomplish during your lifetime? Professionally: I would like my firm to close the most number of deals and the highest dollar volume of all commercial firms year over year in Brooklyn.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
A fresh start - by Shallini Mehra and Amit Doshi

A fresh start - by Shallini Mehra and Amit Doshi

For the past several years, the New York City multifamily housing market has been defined by disruption. The combined impact of the HSTPA rent laws and a sharply higher interest rate environment has fundamentally reduced
The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

There was a time when an offering memorandum (OM) was pretty bare bones, some photos, a few bullet points on income, and a rent roll thrown in at the back. That used to get the job done. Not anymore. In 2025, buyers are sharper, faster, and more selective. They’re looking
Tri-state capital  migrates nationally amid  regulation pressure - by Reese Weaver

Tri-state capital migrates nationally amid regulation pressure - by Reese Weaver

New York tri-state multifamily investors are increasingly reallocating capital to less-regulated markets across the U.S. as rent control and legislative risk erode returns at home. With over 60% of New York City’s rental housing stock classified as rent-stabilized, the traditional value-add model — buying under-performing buildings,

The anticipated effect of Basel III and ISO 20022 implementation on commercial real estate - by Michael Zysman

The anticipated effect of Basel III and ISO 20022 implementation on commercial real estate - by Michael Zysman

July 1, 2025 is the deadline for US banks to begin to adopt Basel III banking standards and July 14, 2025 is the deadline for U.S. banks to adopt ISO 20022 messaging standards. Both will have a significant effect on the banking and commercial real estate (CRE) finance sectors.