What trends will impact your business in 2018?
The evolving retail sector will continue to reshape the real estate market in 2018, but I’m optimistic because we’ve been here before. I remember in the late 1980s when Mays department store closed after being in operation for…
What trends will impact your business in 2018?
There are two rental markets in NYC. Roughly half the apartments are under rent regulation or a government program. That leaves everyone else to compete for the half with rents determined by the market. It creates enormous incentive for…
What was your most notable project, deal, transaction or professional achievement in 2017?
As part of a highly competitive, statewide competition - known as the Downtown Revitalization Initiative – GJDC helped create a winning application securing $10 million of state investments for Downtown Jamaica. In July 2017, lieutenant governor Kathy Hochul visited…
What trends will impact your business in 2018?
As has been well documented, investment sales activity in New York City has declined precipitously in 2017. We have found that transactional and dollar volume are down a third compared to last year, and almost half…
What was your most notable project, deal, transaction or professional achievement in 2017?
In 2017, we were approached about forming a new venture by owners of a failing process service company. They specialized in serving foreclosure papers in New York, Pennsylvania, New Jersey, Maryland, Delaware, and Washington D.C. We took over the…
What was the best decision you made in 2017 and why?
Supporting my partners’ efforts to bring in new partner Rob Brusco and special counsel Jill Hayman. As the real estate market has gotten more challenging, our clients have had to become more…
What was the best decision you made in 2017 and why?
The best decision I made in 2017 was to strike out on my own and start my own real estate company, Karen Cohen Realty & Associates. My career in real estate began eleven years ago when I had four children home and…
What was the best decision you made in 2017 and why?
The best decision I made in 2017 was to proceed with the construction of a 10,000 s/f multi-tenant industrial building in Center Moriches. With industrial space at 100% occupancy at several of my other locations and…
What was the best decision you made in 2017 and why?
The best decision I made in 2017 would have to be the transition into the commercial real estate industry. Prior to my career in real estate I was a principal under the family owned “D.I.F. Diamond Corp.” in the New York Diamond District. I dealt with acquiring, servicing, and wholesaling diamonds to individuals and companies on…
What was the best decision you made in 2017 and why?
Starting my own real estate brokerage firm specializing in commercial leasing and investment sales, primarily in the Harlem market. I now have the freedom to choose to work on my own projects and territories and I create…
What was your most notable project, deal, transaction or professional achievement in 2017?
My most notable and most challenging professional achievement this year has been serving as President-Elect and then as President of the New York Chapter of the Society for Marketing Professional Services (SMPS). I hope to leave a…
What was your most notable project, deal, transaction or professional achievement in 2017?
Negotiating the acquisition of 6050 Northern Blvd., Muttontown – 42 acres of land known as the infamous Martin Viette Nursery and being recognized as one of the top commercial brokers on…
What was your most notable project, deal, transaction or professional achievement in 2017?
Levin Management enjoyed record new business growth in 2017 – an accomplishment coinciding with our firm’s milestone 65 years of leadership and progress. We added 10 retail assignments totaling…
What was your most notable project, deal, transaction or professional acheivement in 2017?
In April, I was recognized with the Security Industry Association’s Sandra Jones Volunteer of the Year 2017 Award for my…
What was the best decision you made in 2017 and why?
Doubtless, NYREJ readers are “doers” and we all seem to stretch ourselves to accomplish the most possible. What I found this year was that increasing our core executive team has actually helped us all…
Who or what contributed to your success in 2017 and why?
As a family business nearing its 114th year this month, we owe much of our success to KDA’s dedicated team of long-standing professionals and long-term support staff. We rely on the varied and diverse specializes of…
What was your most notable project, deal, transaction or professional achievement in 2017?
Bringing the First Food Hall to Fifth Avenue - Frame on Fifth at 345 Fifth Avenue, directly across from the world-renowned Empire State Building’s main entrance. Launched as an epicurean food market that offers…