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Posted: December 22, 2014
Barry Sunshine, Janover LLC
What was the best thing that happened to you or your firm in 2014?
Wow a lot of great things happened to me and my firm in 2014, but the one thing that stands out the most for me, is 2 firms that I have looked up to is merging into our firm increasing our headcount to about 150 people. This will allow us to provide a much greater resources to our clientbase and attract better talent and new clients. This is a very exciting step for our firm and the resources of the new professionals that are joining the Janover will add a lot more depth to our firm. I am really looking forward to an exciting 2015.
What was your most notable project, deal, transaction or personal achievement in 2014?
Again, there were many deals and projects that I have worked on in 2014, but one of our real estate clients sold real estate at a large gain and we were able to utilize section 1031 to defer the gain. The complexity of this 1031 was the replacement property was purchased for less then the sold property. To defer the entire gain, the client had to do renovations to the new property to defer the entire gain. The end result is the property is a fantastic property and a very happy client. A win all around!
What are you looking forward to accomplishing in 2015?
For 2015, I am looking for good healthy, enjoyment and prosperity and for me, my family and partners and all our my clients.
What are some of your real estate predictions for 2015?
I believe residential in the majority of NYC will continue to increase in value but at a lower rate from previous years. I predict several very large commercial properties in Manhattan selling for record breaking prices that are going to be headline news and the talk of the city.
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