What person, project, transaction, or market trend had the greatest impact on your industry this year? With courts increasingly moving their dockets, this has been a year of working on and resolving years-old disputes between landlords and tenants.
What person, project, transaction, or market trend had the greatest impact on your industry this year? More than $16 billion in loans backed by NYC CRE were set to mature this year, impacting some high-profile office buildings. Much of my work this year involved
What was your greatest professional accomplishment or most notable project, deal, or transaction in 2023? Janover’s most notable transaction in 2023 was our joining Armanino LLP. Armanino is a fantastic national CPA and consulting firm which started in
What was your greatest professional accomplishment or most notable project, deal, or transaction in 2023?Despite the challenging market for office properties, we sold thirteen office buildings and a retail strip center, putting 260+ buyers under NDA and receiving eight qualified, irrevocable bids with deposits.
What person, project, transaction, or market trend had the greatest impact on your industry this year? Higher interest rates have been the market trend over the past 18 months that have impacted our business the most. The higher rates have led to a decrease in volume. In
What was your greatest professional accomplishment or most notable project, deal, or transaction in 2023? Closing the acquisition of—and construction financing for—our $320 million project at 1057 Atlantic Ave., was a rare bright spot given current economic conditions. Upon completion,
What was your greatest professional accomplishment or most notable project, deal, or transaction in 2023? My most notable transaction in 2023 was the sale of 180 Bainbridge St., one of my favorite
What was your greatest professional accomplishment or most notable project, deal, or transaction in 2023? The successful closure of our debt fund. Since then, our focus has been implementing our strategic plan, with the primary objective of providing our investors with attractive, risk-adjusted returns.
What person, project, transaction, or market trend had the greatest impact on your industry this year?Unfortunately, or unsurprisingly, the answer here is likely Jerome Powell and Janet Yellen. The name of the game for 2023 has been “Interest Rates”, and the real estate and banking industries
What person, project, transaction, or market trend had the greatest impact on your industry this year? The Federal Reserve’s hiking policy. How has your career path changed in 2023? This is my first down cycle. 2023 has taught me more about myself and this business than the past five years combined!
How has your career path changed in 2023? I spent most of 2023 as a real estate law partner with a national cannabis boutique law firm, sheparding cannabis real estate deals across the country. However, I missed working other asset classes and a wider variety of real estate development deals – e.g. retail
What person, project, transaction, or market trend had the greatest impact on your industry this year? We celebrated the opening of a spec industrial/warehouse at Renaissance Commerce Park in Lackawanna, NY. The 150,000 s/f facility is fully leased by out-of-town companies that are expanding here.