News:
Spotlight Content
Posted: February 18, 2020
2020 Ones to Watch: Bill Strassman, TerraCRG
Name: Bill Strassman
Company: TerraCRG
Title: Associate, Retail Leasing
Education: Trinity College; B.A. in Economics with a minor in Environmental Science
Which project, deal, or transaction was the “game-changer” in the advancement of your career?
I had an interesting start to my career as I became licensed while I was away at college and began interning for TerraCRG on my breaks. Before my last semester, we decided I could do a lot of my work remotely, so I took the lead on two transactions and followed both deals to closing which was certainly a pivotal time in the advancement of my career. My team and I were able to identify spaces for Johnny’s Chop Shop in Williamsburg and Hana Makgoelli’s brewery in Greenpoint. Completing those deals was an immensely valuable learning process that set me up for success now that I am full-time and taking on more complex deals.
What do you like most about your job?
One of my favorite things about my job is working with best-in-class tenants who are extremely passionate about their specific industry. Whether we are working with a certified Cicerone (beer sommelier) to open up a craft beer tap room, a gin distiller looking for a production and venue space, or a well-known bakery looking to open a boutique café, we are often involved in cutting edge concepts with some of the most talented or knowledgeable people within that unique industry. These types of operators make the leasing process exciting for us.
What led you to your current profession?
Growing up in Westchester, I would always come into Manhattan where I eventually moved after high school. I fell in love with living here because one of the things that makes New York so great is the unique real estate industry and I knew I wanted to be a part of it. I focused on breaking into commercial brokerage because of how fast-paced it is and the fact that no two days are ever the same. Interacting with different people, working off-site, and getting to really explore spaces and places made this career path very attractive.
Tags:
Spotlight Content
MORE FROM Spotlight Content
Over half of Long Island towns vote to exceed the tax cap - Here’s how owners can respond - by Brad and Sean Cronin
When New York permanently adopted the 2% property tax cap more than a decade ago, many owners hoped it would finally end the relentless climb in tax bills. But in the last couple of years, that “cap” has started to look more like a speed bump. Property owners are seeing taxes increase even when an
.png)
.jpg)
Columns and Thought Leadership
How much power does the NYC mayor really have over real estate policy? - by Ron Cohen
The mayor of New York City holds significant influence over real estate policy — but not absolute legislative power. Here’s how it breaks down:
Formal Legislative Role
• Limited direct lawmaking power: The NYC Council is the primary
The strategy of co-op busting in commercial real estate - by Robert Khodadadian
In New York City’s competitive real estate market, particularly in prime neighborhoods like Midtown Manhattan, investors are constantly seeking new ways to unlock property value. One such strategy — often overlooked but
Properly serving a lien law Section 59 Demand - by Bret McCabe
Many attorneys operating within the construction space are familiar with the provisions of New York Lien Law, which allow for the discharge of a Mechanic’s Lien in the event the lienor does not commence an action to enforce following the service of a “Section 59 Demand”.
Oldies but goodies: The value of long-term ownership in rent-stabilized assets - by Shallini Mehra
Active investors seeking rent-stabilized properties often gravitate toward buildings that have been held under long-term ownership — and for good reasons. These properties tend to be well-maintained, both physically and operationally, offering a level of stability
.gif)