What noteworthy transactions or deals from this year best exemplified key market trends or shifts? At the end of the year, my team will lead the closing for Columbia Street Commons I, which will bring 371 units of much-needed 100% affordable and supportive housing to Red Hook, Brooklyn.
What was your greatest professional accomplishment or most notable project, deal, or transaction in 2024? In 2024 we completed our largest project to date on Long Island. This was not an easy project but by far one of the most interesting projects we have worked on. My team is the reason for our continued success.
What noteworthy transactions or deals from this year best exemplified key market trends or shifts? NYC is doing everything in its power to address the housing crisis, especially in regard to the creation of affordable dwelling units. The city just approved a major overhaul of the Zoning Resolution providing floor area bonuses for developments
What noteworthy transactions or deals from this year best exemplified key market trends or shifts? While investors grew more bullish on “subject-to-entitlement” deal structures in 2024, the dominant trend was a continuation of 2023s focus on acquiring portfolio deals with significant mark-to-market potential.
What was your greatest professional accomplishment or most notable project, deal, or transaction in 2024? MdeAS is proud to have completed the renovations of PENN 1 & PENN 2 as part of the 4.4 million s/f PENN DISTRICT development in New York City. We also recently completed the new restaurant, Santi, from Michelin-starred
What was your greatest professional accomplishment or most notable project, deal, or transaction in 2024? One of the many notable projects completed by Cresa’s Project Management division this year was the Rothman Orthopaedics Headquarters at 833 Chestnut St. in Philadelphia, PA.
What noteworthy transactions or deals from this year best exemplified key market trends or shifts? Leasing activity involving apparel-sector tenants had been flat for several years, however we are seeing a reemergence in this category. At Mayfair Shopping Center in Commack, the recent opening of J.Crew Factory
What noteworthy transactions or deals from this year best exemplified key market trends or shifts? Some of our New York City based clients are expanding in markets such as Florida, Georgia, and Southern California. We are also seeing companies looking to more suburban settings around New York City and San Francisco as decentralized hybrid work continues to prevail.
What noteworthy transactions or deals from this year best exemplified key market trends or shifts? Commercial tenants and designers continuously fine tune workplace concepts in order to encourage employees to return to offices, improve productivity and enhance collaboration. This is well represented by our recent project in Philadelphia, the 40,000 s/f new headquarters office of Publicis Health Media.
What was your greatest professional accomplishment or most notable project, deal, or transaction in 2024? Obtaining approvals for economic incentives from local Industrial Development Agencies for construction of transit-oriented, multi-family housing on Long Island. The first project, a 63-unit development near the Valley Stream LIRR, received approval from the
What noteworthy transactions or deals from this year best exemplified key market trends or shifts? Our architectural glass and metal firm has seen a significant increase in the multi-family and retail work in the past 18 months. In particular, we have fabricated and installed a high number of interior partitions, shower enclosures, glazed stair and balcony railings and storefronts at both new ground-up and commercial-to-multifamily redevelopment residential projects.
What noteworthy transactions or deals from this year best exemplified key market trends or shifts? Our student housing project in Morningside Heights that we closed on in 2024 exemplifies the continued growth and strength of the housing market in and around universities. This is a sector that is often overlooked in major metropolitan cities.
What noteworthy transactions or deals from this year best exemplified key market trends or shifts? Our Long Island office saw a steady increase in workload, supported by a backlog of industrial projects and a significant uptick in multifamily residential projects.
What noteworthy transactions or deals from this year best exemplified key market trends or shifts? This year, Jafri Capital made a strategic shift by forming a joint venture with Debt & Equity LLC, a leading debt and equity firm, positioning itself for growth in real estate and property technology. The firm is expanding its global presence to Dubai and Geneva.
What noteworthy transactions or deals from this year best exemplified key market trends or shifts? The standout deal of 2024 was the partnership between Kelvin, a climate tech company focused on decarbonizing legacy buildings, and ClearGen LLC, a Blackstone company providing clean energy funding.
What noteworthy transactions or deals from this year best exemplified key market trends or shifts? With our national licensure – we were able to close a construction loan for the development of Salato Residences in Pompano Beach as well as …
What was your greatest professional accomplishment or most notable project, deal, or transaction in 2024? As a national fenestration manufacturer, Crystal supplies vinyl and aluminum windows and doors to many notable projects in the New York metro area. One such project completed this year was The Arboretum development
What noteworthy transactions or deals from this year best exemplified key market trends or shifts? I completed an off-market deal for a full floor at 430 Park Ave. for a Merchant Bank. Despite challenges in the overall leasing market, the availability rate in the Park Ave. Corridor
What was your greatest professional accomplishment or most notable project, deal, or transaction in 2024? A new hotel development that was conceived pre and during covid and then shelved as rates and costs rose is coming back on line in a possible larger version. This is notable as it was the first signal that the shock from rates and inflation is abating.
What noteworthy transactions or deals from this year best exemplified key market trends or shifts? We saw some great office building and office space transactions happening on Park Ave. this year. Most notably, JPMorgan Chase acquired 250 Park Ave., Blackstone agreed to expand and extend its global headquarters lease to 1.06 million s/f at 345 Park