New York Real Estate Journal

Mark Jaccom, Cresa New York

December 22, 2014 - Spotlight Content
What was the best thing that happened to you or your firm in 2014? We have seen a tremendous amount of growth at Cresa New York this year. When I first came to the company in 2012, my goals were to increase the number of brokers in the New York office and to increase the company's revenue. As of 2014, company revenue has gone up by 300 percent and the team has expanded from 15 people to 45 brokers, consultants and advisors, with several new hires this year alone. What was your most notable project, deal, transaction or personal achievement in 2014? The most notable deal this year was the Affinity transaction we completed this July in the Bronx. For Affinity Heath Plan, a prominent managed care organization in the N.Y.C. metro area, we secured a 100,000 s/f lease for 20 years at Metro Center Atrium, which allowed the company to expand while keeping its headquarters in the Bronx. Another noteworthy achievement was working with Year Up on the expansion and relocation of its New York development center. Year Up is a national organization that seeks to close the opportunity divide by providing urban young adults with the skills, experience and support they need to achieve their higher education and career goals. We were honored to work with their company and support their mission. What are you looking forward to accomplishing in 2015? I'm looking forward to continued growth for Cresa New York in 2015. I'd like to name more partners to the office and foster the tenant representation platform that Cresa New York has become known for. What are some of your real estate predictions for 2015? 2015 is going to be a stellar year for commercial real estate. The economy has been getting stronger and we will continue to see it improve in 2015. New York City, though part of the global economy, has always remained in a category of its own in terms of the real estate market. Next year, more companies will expand, launch and offer new jobs, which will result in a new wave of leasing activity in New York City especially.