2025 Year in Review: Alex Woodlief, B6 Real Estate Advisors

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

The sale of 41 Elizabeth St., a loft office and retail building in Manhattan’s Little Italy neighborhood, was a significant milestone for our firm this year. The property was purchased by a local owner and developer who may consider converting the property to residential use in the future. Executing the sale for almost $500 per gross s/f signaled renewed optimism for well-located quality office product and illustrated the strength of our multi-dimensional sales platform to maximize value for property owners.

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

I believe the coming year will be shaped by the implementation of City of Yes and the Midtown South Mixed-Use Plan. Both initiatives will continue to trigger a significant uptick in the sale of existing commercial buildings, air rights, and development sites in 2026. We recently executed the sale of three office buildings with buyer intent to convert or significantly redevelop, as well as four air rights transactions with several more currently under contract. As pricing continues to stabilize and developer interest remains high, I anticipate more of this type of activity in 2026.