What was your greatest professional accomplishment or most notable project, deal, or transaction in 2024? 2024 was undeniably the year of the Big City Short, as we witnessed values plummet to lows not seen since the early 2000s. As vice chairman, my responsibility was to chart new paths for my brokers amidst
What noteworthy transactions or deals from this year best exemplified key market trends or shifts? Investor appetite for strategically located new industrial logistics facilities continued in 2024 and will accelerate in 2025 and future years. A clear example was DH Property Holdings sale of a 283,000 s/f logistics facility
What was your greatest professional accomplishment or most notable project, deal, or transaction in 2024? Completing The Apollo Stages at the Victoria Theater signifying the first physical expansion in The Apollo’s 90-year history. The 25,000 s/f destination features space for a variety of productions and programs as well as resources for rehearsals, workshops, meetings, public conversations, education programs, office space, exhibitions, and more.
What noteworthy transactions or deals from this year best exemplified key market trends or shifts? We represented the seller/lender in two separate transactions where our clients sold nearly vacant office buildings in Phoenix, Arizona, and then provided seller financing to the buyers and concurrently put one loan on a repo line.
What was your greatest professional accomplishment or most notable project, deal, or transaction in 2024? I would say the biggest accomplishment of the year is my move to RM Friedland (RMF) and having most of my clients move with me. Their trust in me and my business partner spoke volumes,
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.