News: Brokerage

Douglaston Development welcomes Sherman

Jessica Sherman, Douglaston Development Jessica Sherman, Douglaston Development

New York, NY According to Douglaston Development, Jessica Sherman has joined the firm as a project manager with the affordable housing team.

Sherman earned her MBA from Columbia Business School, and most recently completed an internship as a sr. product manager at Amazon focusing on reverse logistics.

Prior to attending Columbia, Sherman was a Leadership Fellow with the Port Authority of New York and New Jersey, where she assisted in creating a $700 million strategy for Hurricane Sandy recovery and managed a team of more than 50 engineering and operations staff in deploying approximately $60M for 80 resiliency projects. She also managed portions of the public-private partnership to redevelop LaGuardia Airport.

Through the course of her career, she has held positions with Spidr Tech, P3 Global Management, Think Global School and Kreab Gavin Anderson.

“Adding Jessica on board to the affordable housing team further cements Douglaston Development’s commitment to providing housing for all New Yorkers,” Michael Kaye, CEO of Douglaston Development.  “The firm’s strength as a vertically integrated company allows us the flexibility to work across departments while effectively leveraging the talents of what new team members like Jessica bring to the table.”

Sherman currently serves as the Founding Co-Chair of the Fund for Public Housing’s Advisory Council. She sits on the Jewish National Fund Futures National Board and previously served as the New York Chair.

Sherman also worked with the Cuomo 2010 campaign as an intern and anti-poverty research analyst.  Douglaston Development’s affordable housing properties include the Edge Community Apartments in Williamsburg, Hampton Court in Harlem and Crossroads III in the Bronx.  The firm is also set to finish construction of two additional affordable housing developments in the Bronx within the next six months, and just begun construction on a 161 unit senior affordable housing in Staten Island which is expected to be completed in mid-2018.

Douglaston Development is a full-service real estate development company specializing in residential and mixed-use projects in New York City.  As a fully integrated real estate development company, Douglaston Development, along with its affiliates Levine Builders and Clinton Management, focuses on all facets of the development process from site acquisition, design management, and financing, to construction, marketing, asset and property management. Since 1979, Douglaston Development, Levine Builders and Clinton Management have directed the development, construction, and management of hundreds of mixed-use projects, high-rise luxury rentals, condominiums, office buildings, affordable housing and mixed-income rentals and cooperatives, assisted living and senior housing, and more. Past development projects in New York City include the Renaissance Plaza, Hampton Court, OHM, 325 Fifth Avenue, the Zinc Building, 555 West 23rd Street, 1 North 4th Place, Edge Community Apartments, 3254 White Plains Road and Crossroads III in the Bronx

READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
Hunt commercial real estate question and answer: The total cost of relocation - by David Hunt

Hunt commercial real estate question and answer: The total cost of relocation - by David Hunt

You have a right to be concerned. I am always surprised at the companies that will negotiate the price of their new facility down to the last dollar, without thoroughly analyzing their
New York’s streets are full again, and the retail numbers prove it - by Noam Aziz

New York’s streets are full again, and the retail numbers prove it - by Noam Aziz

Walk down any New York block this year and you can feel it. The sidewalks are crowded, the storefronts are lit, and the energy that defines this city is back at full volume.
The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

There was a time when an offering memorandum (OM) was pretty bare bones, some photos, a few bullet points on income, and a rent roll thrown in at the back. That used to get the job done. Not anymore. In 2025, buyers are sharper, faster, and more selective. They’re looking
Artificial intelligence in lending - by Lindsay Mesh Lotito

Artificial intelligence in lending - by Lindsay Mesh Lotito

Artificial intelligence (AI) is beginning to help transform lending by enhancing decision-making, improving risk management and streamlining operations. With AI-powered tools that analyze vast amounts of data, lenders are able to assess borrower creditworthiness more accurately and efficiently. AI can evaluate a wide range of factors,