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Posted: December 22, 2014
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.
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