2025 Year in Review: Joe Yacobellis, Mojo Stumer Associates

What transaction, project, or key moment best reflected the direction of the New York CRE market this year?

This year, we saw continued momentum in the multifamily sector across Long Island. Communities are recognizing the value of thoughtfully designed, walkable downtowns, and they’re placing greater emphasis on modern architecture as part of that evolution. The projects we’re taking on reflect a broader shift in the market: developers are increasingly focused on creating vibrant, mixed-use environments that support growth, attract younger residents, and enhance long-term livability.

What accomplishment, milestone, project or transaction stood out for you or your firm in 2025?

In 2025, two milestones stood out: the opening of Bryant Plaza and the new Wego Chemical HQ, both multi-year efforts that were rewarding to see completed. Another key moment was my transition to Partner. I’m fortunate to work with an incredible team, and I’m humbled to help lead the firm into its second generation and carry our design identity forward.

What emerging trends or shifts will shape opportunities for you, your firm, or market sector in 2026?

Looking ahead to 2026, transit-oriented development will play a major role in shaping opportunities for our practice. Communities across Long Island are embracing mixed-use density near train stations as a way to strengthen downtown areas and attract younger residents, and developers are actively pursuing these sites. At the same time, healthcare facilities are becoming a larger part of the development landscape, and there is a growing demand for modern, efficient designs that can adapt to evolving patient and community needs.