Jonathan Margolis, Morrison Cohen LLP

What was the best thing that happened to you or your firm in 2014? We continue to be recognized as one of the leading firms representing middle market clients. What was your most notable project, deal, transaction or personal achievement in 2014? I represented the seller of tenancy in common interests in 14 Manhattan office properties in a deal worth in excess of $300 million, and then in the reinvestment of the proceeds of that sale in seven different transactions on a tax-deferred basis. What are you looking forward to accomplishing in 2015? Continued professional and personal growth, building on strong relationships with our clients and our successful results in 2014. What are some of your real estate predictions for 2015? Real estate investors in the New York area will continue to look outside of Manhattan as properties in Manhattan have been bid up to record levels. However, investors need to carefully analyze their prospective investments since substantial new developments in the past few years and rising interest rates expected in mid-2015 could pose problems for properties bought at high cap rates with little current cash flow, based upon the expectation of continued capital appreciation.