New York Real Estate Journal

Alexis Newman, Simpson Gumpertz & Heger (SGH)

December 22, 2014 - Spotlight Content
What was the best thing that happened to you or your firm in 2014? The opening of our Chicago office in March of this year was an exciting moment in our firm's evolution. SGH is continuing a long, steady period of growth. Since 2000, the firm has tripled in size to over 475 employees and has opened four additional full-service offices in New York City, Washington D.C., Southern California, and now in Chicago. SGH opened in Boston in 1956 and expanded to San Francisco in 1975. Since its opening in 2005, our New York office has grown to over 35 employees, and we look forward to celebrating the office's 10th anniversary with a client appreciation event planned for 04.29.2015. What was your most notable project, deal, transaction or personal achievement in 2014? One of our most notable New York projects this year is at 706 Madison Ave. in Manhattan, where we are the structural engineer of record for a new five-story building that will wrap around an existing three-story New York City Landmarked building. Both buildings will be combined into one large flagship retail building. The design is completed and construction is expected to start in early 2015. We worked with Page Ayres Cowley Architects for the developer of the site, Friedland Properties. What are you looking forward to accomplishing in 2015? In my new position as Senior Corporate Marketing Specialist, I will be dedicated to planning, promoting, and facilitating SGH seminars and events across all office locations, and I look forward to helping increase our firm's brand recognition across the United States. What are some of your real estate predictions for 2015? As the economy continues to improve, our principals predict that owners and developers will take advantage of low interest rates to finance new construction throughout N.Y.C. The luxury residential work will cool off a bit, but new multifamily residential developments will heat up. Adaptive reuse and renovations of existing buildings will remain strong in all market sectors. New office construction will slow as the World Trade Center and Hudson Yards come online.