What noteworthy transactions or deals from this year best exemplified key market trends or shifts? I would like to say there was an outstanding transaction for me this past year but 2024 was more a culmination of long-term relationships, most of which continued to transact. Deals were smaller in many cases but we saw robust leasing both on the agency side as well as on the tenant side.
What noteworthy transactions or deals from this year best exemplified key market trends or shifts? Ariel’s Capital Services Group arranged a $33.75 million acquisition loan for a 105,282 s/f, 151-unit, predominantly free-market luxury multifamily property on Manhattan’s UES, exemplifying continued investor appetite
What was your greatest professional accomplishment or most notable project, deal, or transaction in 2024? While we continue to explore opportunities in New York and manage our Hempstead rental property, our development site in the city of Baltimore has seen tremendous strides. We signed a deal with NVR/Ryan Homes,
What emerging trends will drive investment and development in 2025? New York City’s multifamily market is seeing momentum, with transaction volume rising for two consecutive quarters. The third quarter saw a 12.8% increase over Q2, driven by optimism about potential interest rate cuts and renewed confidence following a Trump win. Furthermore, NYC’s resilient rental market, where rents continue to grow despite national declines,
What noteworthy transactions or deals from this year best exemplified key market trends or shifts? Cord Meyer Development anticipated the growing trend of restaurants expanding into vibrant, outdoor-friendly spaces by creating a dynamic restaurant row at Bay Terrace Shopping Center. We envisioned a destination that combined appealing landscaping, inviting outdoor seating, and a diverse culinary offering to meet the rising demand for dining experiences beyond traditional indoor settings.
What was your greatest professional accomplishment or most notable project, deal, or transaction in 2024? MTG Creative Group is proud to have been the marketing agency that supported BGO and Cushman & Wakefield in developing the leasing and marketing campaign and customized tenant presentation deck for Newport Tower.
What was your greatest professional accomplishment or most notable project, deal, or transaction in 2024? The Berman Group’s creative team has led the design, positioning and marketing of two premier Brooklyn campuses for the City of New York and NYC Economic Development Corporation.
What was your greatest professional accomplishment or most notable project, deal, or transaction in 2024? In November 2024, I successfully brokered a significant joint venture between a prominent NYC developer and a church group. The agreement allows the church to contribute their land while retaining ownership of their property,
What noteworthy transactions or deals from this year best exemplified key market trends or shifts? High interest rates, inflation, and cost increases across the board affected all our clients, especially those in real estate management and development, architecture, construction, etc.
What was your greatest professional accomplishment or most notable project, deal, or transaction in 2024? This year we were thrilled to see one of our most prominent mixed-use transit oriented development projects, Bryant Plaza at the Roslyn LIRR station, brought to life. This development is as good an example
What was your greatest professional accomplishment or most notable project, deal, or transaction in 2024? Most significant project accomplishment for 2024 is gaining the zoning approvals for the AIREF Logistics Center located at Woodside Ave., Bellport, NY. This vacant, approximately fifty-acre industrial warehouse project will be comprised of four buildings totaling approximately 400,000 s/f in a Light Industrial
What was your greatest professional accomplishment or most notable project, deal, or transaction in 2024? Just recently we obtained an 80% reduction on a high-profile property resulting in millions of dollars of tax refunds which will assist in having the property re-developed. This past year, we have assisted numerous major new development
What noteworthy transactions or deals from this year best exemplified key market trends or shifts? H2M has worked on various adaptive reuse projects, converting under-utilized structures into vital facilities. H2M, led by its MEP group, worked on the transformation of a former Sears retail space into a major, multi-disciplinary healthcare facility.
What was your greatest professional accomplishment or most notable project, deal, or transaction in 2024? Most significant project accomplishment for 2024 is completion of the Enclaves Hotel Project in Southold, N.Y. The Enclaves Hotel Project began in 2017 and, following extensive SEQRA review by the Southold zoning board of appeals and, thereafter, site plan approval
What noteworthy transactions or deals from this year best exemplified key market trends or shifts? We recently closed on the acquisition of a portfolio out of lender receivership which was, surprisingly, nearly stabilized after being on the brink of bankruptcy for quite some time. While this was in part attributable to the hard work of the receiver and its operator, a big factor
What noteworthy transactions or deals from this year best exemplified key market trends or shifts? Over the past few years, Eastern Union has closed many loans through credit unions. Credit unions provide for a nice, local lender experience, with the added benefit of offering pre-payment flexibility.
What was your greatest professional accomplishment or most notable project, deal, or transaction in 2024? Eastern Union’s greatest accomplishment in 2024 was our delivery of financing to our clients from more than 109 different lenders. Commercial mortgage brokers must be able to tap into a large spectrum of prospective lenders. But these days, amid a changing market, lenders are more reserved and more selective.
What was your greatest professional accomplishment or most notable project, deal, or transaction in 2024? One of our most notable transactions of 2024 was the sale of the Cartier Mansion at 102 Greene St. in SoHo for $46 million for a staggering 4.2% cap rate and over $5,000 per s/f. Our team had the privilege of representing both the seller and procuring the buyer,
What was your greatest professional accomplishment or most notable project, deal, or transaction in 2024? IMEG won the contract to provide mechanical, electrical, and plumbing engineering design and services for the proposed new Yeshiva University Dental School to be located at 1131 Bdwy., N.Y. The nine-floor, 157,000 s/f graduate-level dental school
What was your greatest professional accomplishment or most notable project, deal, or transaction in 2024? Over the past four to five years, Arbor had the vision to step into the build-to-rent (BTR) space, knowing that we had the ability to lend from construction to bridge to permanent.