What transaction, project, or key moment best reflected the direction of the New York CRE market this year? The opening of the JP Morgan tower on Park Ave. Five years after the COVID lock-down and NYC dramatically emptied out, this is a tremendously powerful symbol. New York again overcomes, and reaches new heights. NYC companies are thriving, tourism is booming, local jobs and population are at all-time highs. The tower lights up in gold at night, is a $3 billion project and JP Morgan is closing in on being a $1 trillion market cap. This should deeply touch every New Yorker as a testament to our resilience, in real estate and overall. Don’t bet against New York. We are BACK.
What emerging trends or shifts will shape opportunities for you, your firm, or market sector in 2026? The transformation and now continued growth of Brooklyn will not stop. The center of gravity of the city continues to shift South and to the borough. The market fundamentals are extremely strong. As North Central Brooklyn develops, we keep an eye out on other parts of the borough that are beginning to open up. Internally, we are looking to continue building on our craftmanship of bringing high-end, elegant yet affordable rental apartments to the middle class and young professionals. We look to progress constantly and through each new project along while strengthening our team’s cohesion.
What accomplishment, milestone, project or transaction stood out for you or your firm in 2025? We purchased seven properties and refinanced nine. All in North Central Brooklyn - Bed Stuy and Bushwick primarily. All were purchased vacant, upgraded and positively contributed to creating local jobs and momentum. Numerous of them were historic properties for which we restored significant Brooklyn architecture -which feels uniquely special. We have kept our brisk pace of growth and have kept vertically integrating. We are overall just grateful for the opportunity, and in particular, to be able to be able to make a meaningful positive impact around us.