Westbury, NY ireon welcomes James Pirot, managing principal, project management NY Office of Cresa to jointly hold the exclusive commercial real estate brokerage tenant representative firm category with his partner, Peter Sabesan.
Pirot leads project management services at Cresa and for the past 30 years has operated and managed commercial, residential, industrial, retail, and hotel properties here in New York and throughout the United States. His experience provides occupiers with project advisory and management solutions that meet their ever-changing needs. In 2018, he launched Cresa’s Building Technology Services (BTS) to provide occupiers with an extensive range of smart building technology options.
New York tri-state multifamily investors are increasingly reallocating capital to less-regulated markets across the U.S. as rent control and legislative risk erode returns at home. With over 60% of New York City’s rental housing stock classified as rent-stabilized, the traditional value-add model — buying under-performing buildings,