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.

READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
The anticipated effect of Basel III and ISO 20022 implementation on commercial real estate - by Michael Zysman

The anticipated effect of Basel III and ISO 20022 implementation on commercial real estate - by Michael Zysman

July 1, 2025 is the deadline for US banks to begin to adopt Basel III banking standards and July 14, 2025 is the deadline for U.S. banks to adopt ISO 20022 messaging standards. Both will have a significant effect on the banking and commercial real estate (CRE) finance sectors.
A fresh start - by Shallini Mehra and Amit Doshi

A fresh start - by Shallini Mehra and Amit Doshi

For the past several years, the New York City multifamily housing market has been defined by disruption. The combined impact of the HSTPA rent laws and a sharply higher interest rate environment has fundamentally reduced
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
Tri-state capital  migrates nationally amid  regulation pressure - by Reese Weaver

Tri-state capital migrates nationally amid regulation pressure - by Reese Weaver

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,