News: Spotlight Content

2021 Ones to Watch: Peter Johnson, Avison Young

Name: Peter Johnson

Title: Director

Company Name: Avison Young

Real estate associations or organizations that you are currently a member of: Avison Young Emerging Leaders, REBNY, Harlem Youth Lacrosse

What recent project, transaction or accomplishment are you most proud of?

My team, which includes Dom Perkaj and Brooks Hauf, was recently hired by owner/developer Metroloft to spearhead the leasing efforts for 56 North Moore – Tribeca’s first true trophy office redevelopment. We’ve been tasked with marketing and leasing this 80,000 s/f build-to-suit offering, which will feature a 20,000 s/f glass box addition, unlimited amenity and green space, 13’+ ceiling heights and unrivaled flexibility and customization for one lucky tenant. We are all under 35, so winning an assignment of this stature and earning the trust of an institutional owner/developer like Metroloft serves as a testament to our team’s tireless work ethic and unique approach. After 12 months of preparation and planning, our team is excited to be unveiling this one-of-a-kind asset to the market.

Who was/is your mentor and how did s/he influence/help you in your career?

My boss from my time at Merrill Lynch, Maria Colucci. Maria and our team were consistently ranked by Barron’s and Forbes as a Top 100 Financial Advisory Team. After five years under her tutelage, I learned what client service truly meant. I saw first-hand, what it takes to earn the trust of a client. There are no shortcuts. We were responsible for managing and preserving the personal wealth of our clients and their families. The biggest takeaway from my time with Maria? Always be available to your client… and respond to any client prospect email within an hour of receipt. Clients come first, and your goal should be to exceed their expectations on a daily basis.

What led you to your current profession?

After working for seven years at the Private Bank for BOA, I came to the realization that I no longer had the same passion for finance as I once did. Enter Brandon Polakoff, now a principal in investment sales at AY and a close friend of mine, who suggested commercial real estate. He said that my analytical/sales background would give me a leg up in the industry. Over the next eight months, I networked and did my due diligence on the different service lines within CRE – speaking with anyone who would listen. After hundreds of hours on the phone and endless coffee chats with brokers, owners, developers, I found the right fit – as an office leasing broker at Avison Young.

Favorite quote:

“Continuous effort– not strength or intelligence – is the key to unlocking our potential.”

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
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
The strategy of co-op busting in commercial real estate - by Robert Khodadadian

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

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”.
How much power does the NYC mayor really have over real estate policy? - by Ron Cohen

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
Oldies but goodies:  The value of long-term ownership in rent-stabilized assets - by Shallini Mehra

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