News: Brokerage

March of Dimes Westchester/Fairfield Real Estate Awards Breakfast

Shown (from left) are: Joseph Simone, president, Simone Development Cos.; March of Dimes executive director Annette Trotta;
honoree Andrew Ashforth, Co-CEO and a principal of The Ashforth Co.;
honoree Gary Kerr, managing director for Greystar Development Services;
event co-chair Patricia Valenti, executive managing director for Newmark;
and Louis Cappelli, chairman and CEO, Cappelli Organization.

Tarrytown, NY  March of Dimes NY Market held the Westchester/Fairfield Real Estate Awards Breakfast on November 2nd at the Westchester Marriott. The event honored two pillars of the real estate industry in Westchester and Fairfield, the first time the two counties joined together for the awards breakfast.

Gary Kerr, managing director for Greystar Development Services in the Northeast region, accepted the coveted March of Dimes Real Estate Award on behalf of Greystar. Greystar is a leading, fully integrated global real estate company offering expertise in property management, investment management, development, and construction services in institutional-quality rental housing, logistics, and life sciences sectors. Headquartered in Charleston, S.C., Greystar manages and operates more than $280 billion of real estate in 241 markets globally with offices throughout North America, Europe, South America, and the Asia-Pacific region. Greystar is the largest operator of apartments in the United States, manages more than 822,100 units/beds globally, and has a robust institutional investment management platform comprised of more than $75 billion of assets under management, including over $32 billion of development assets. Greystar was founded by Bob Faith in 1993 to become a provider of world-class service in the rental residential real estate business.

Andrew Ashforth, co-CEO and a principal of The Ashforth Company, a multi-generational, family-owned real estate company, received the Martin S. Berger Award for Lifetime Achievement. Andrew is jointly responsible for the overall operation of the company, including its ownership and development activities, and its divisions, A.P. Construction Company and Albert B. Ashforth, Inc. – Management Services. Ashforth also serves as a member of the company’s investment committee. In addition to his role as co-CEO, Ashforth is also CEO and president of A.P. Construction Company, where he is responsible for the overall operation, including long-term goals and direction. Since starting with A.P. Construction when it was formed in 1981, Ashforth learned the construction business from the ground up, giving him in-depth knowledge of every step required in a project. He became head of the division in 1990, and under his leadership, A.P. Construction revenues have grown from $10 million to $140 million a year. The company’s experience has expanded from corporate interiors to include schools and education, healthcare, senior living, private clubs, and multifamily projects.

Two leaders in the real estate community presented the awards. Louis Cappelli, founder and managing member, Cappelli Organization, presented the Real Estate Award to Gary Kerr and Greystar. Joe Simone, president of Simone Development Companies, presented the Martin S. Berger Award for Lifetime Achievement to Andrew Ashforth. 

Westchester/Fairfield March of Dimes Real Estate Awards Breakfast was hosted by News 12 Networks’ Emmy Award-winning anchor/host/reporter Tara Rosenblum and co-chaired by Patricia Valenti, executive managing director for Newmark and Don Bucci, managing director for JLL. The event had 500 attendees and dozens of sponsors and supporters including:

Presenting sponsor: Cappelli Organization. Title sponsor: Greystar. Platinum sponsors: The Mill and MacQuesten Development, LLC.

MORE FROM Brokerage

Carvel, Cinnabon and Auntie Anne’s to open combination location at One Sixteen in Rockaway Park

Queens, NY A new Carvel, Cinnabon and Auntie Anne’s combination store is coming to One Sixteen, Marcal Group’s mixed-use development at 133 Beach 116th St. in Rockaway Park, following a 10-year retail lease
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
Artificial intelligence in lending - by Lindsay Mesh Lotito

Artificial intelligence in lending - by Lindsay Mesh Lotito

Artificial intelligence (AI) is beginning to help transform lending by enhancing decision-making, improving risk management and streamlining operations. With AI-powered tools that analyze vast amounts of data, lenders are able to assess borrower creditworthiness more accurately and efficiently. AI can evaluate a wide range of factors,
The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

There was a time when an offering memorandum (OM) was pretty bare bones, some photos, a few bullet points on income, and a rent roll thrown in at the back. That used to get the job done. Not anymore. In 2025, buyers are sharper, faster, and more selective. They’re looking
Hunt commercial real estate question and answer: The total cost of relocation - by David Hunt

Hunt commercial real estate question and answer: The total cost of relocation - by David Hunt

You have a right to be concerned. I am always surprised at the companies that will negotiate the price of their new facility down to the last dollar, without thoroughly analyzing their
New York’s streets are full again, and the retail numbers prove it - by Noam Aziz

New York’s streets are full again, and the retail numbers prove it - by Noam Aziz

Walk down any New York block this year and you can feel it. The sidewalks are crowded, the storefronts are lit, and the energy that defines this city is back at full volume.