News: Spotlight Content

Jeff Weiss, Highcap Group

What was the best thing that happened to you or your firm in 2014? We moved into our new office at the beginning of the year, allowing us to bring in new brokers, setting us up with strong momentum going into 2015. What was your most notable project, deal, transaction or personal achievement in 2014? There were two deals that were significant to me in different ways. 117 First Ave was gifted to a foundation to help the homeless in NYC. I developed a close relationship with the trustee of the foundation and joining the team of volunteers. It was not a large deal, but a deal which made a big impact on me personally. The second deal, 1627 Park Avenue, was one of the more challenging deals and one of the most rewarding. After countless brokers approached the owners, for whatever reason, we had an instant connection, and gave me an opportunity to sell the building. Not only was there competition from other brokers, but the owners put a lot of sweat and money into the building, giving them a strong attachment to the property. Luckily we had a great relationship, because it took 10 months to put it into contract and another 3 months to close. What are you looking forward to accomplishing in 2015? I am excited about having my best year ever! I am looking forward to continuing to grow, be challenged, and get involved in larger and more complex deals. What are some of your real estate predictions for 2015? I think N.Y.C. real estate will level off, and would expect to see some rebalancing when interest rates rise towards the second half of the year. Valuation in other parts of the country may attract new money as investors chase yield.
MORE FROM Spotlight Content

2026 Developing Queens: The Sutphin Hillside Towers at Jamaica Station

Queens, NY Asset CRG Advisors brokered one of the largest Opportunity Zone development sales in the country — a transformative site in the heart of downtown Jamaica. Managing partners Yuriy Ustoyev and Sadya Liberow represented both buyer and seller in the $59.7 million transaction
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
Properly serving a lien law Section 59 Demand - by Bret McCabe

Properly serving a lien law Section 59 Demand - by Bret McCabe

Many attorneys operating within the construction space are familiar with the provisions of New York Lien Law, which allow for the discharge of a Mechanic’s Lien in the event the lienor does not commence an action to enforce following the service of a “Section 59 Demand”.
From vacancy to vitality: How adaptive reuse is reshaping Long Island’s CRE landscape - by Andrea Tsoukalas Curto

From vacancy to vitality: How adaptive reuse is reshaping Long Island’s CRE landscape - by Andrea Tsoukalas Curto

Adaptive reuse has become one of the most important conversations in commercial real estate today. Long Island has a large inventory of aging retail, office and industrial
2026 Developing Queens: Long Island Board of Realtors  advances commercial growth and advocacy in Queens

2026 Developing Queens: Long Island Board of Realtors advances commercial growth and advocacy in Queens

The Long Island Board of Realtors (LIBOR) Commercial Network continues to play a key role in advancing opportunities and strengthening the commercial real estate landscape across Queens. Through targeted programming and global outreach
CRE Guide Featured Company: Merritt Environmental Consulting Corp.

CRE Guide Featured Company: Merritt Environmental Consulting Corp.

Merritt Environmental Consulting Corp. (MECC) was established in June of 2009 after being part of a larger engineering firm for almost 20 years. The focus of the company is to assist lending institutions, attorneys, real estate investors, and property owners with environmental concerns. Today, MECC has offices in New York, Florida, and Vermont and has grown into a regional consulting firm serving clients along the East Coast.