What person, project, transaction, or market trend had the greatest impact on your industry this year? The CPA profession is undergoing a rapid transformation so we can provide our clients with expertise and services beyond the normal income tax compliance and financial reporting.
What was your greatest professional accomplishment or most notable project, deal, or transaction in 2023? In 2023 we finished work on our largest project to date. This mixed-use development in Long Island City encompassed a site across six lots that was excavated to 30 ft. below grade to allow for a basement and parking garage
What person, project, transaction, or market trend had the greatest impact on your industry this year? The market trend of rising interest rates had the most significant impact on the real estate industry for CY 2023.This created an environment where cash buyers benefited
What person, project, transaction, or market trend had the greatest impact on your industry this year? The various sectors of real estate are each facing their own unique market trends, but across the board, all aspects of real estate development continue to be affected by
What person, project, transaction, or market trend had the greatest impact on your industry this year? The resurgence of food, fitness and entertainment uses have positively impacted our market. These uses were most impacted by COVID, and seeing them expanding and backfilling space is a win.
What was your greatest professional accomplishment or most notable project, deal, or transaction in 2023? We have been working for several years on a development site of 20 acres in Westchester County. We brought 15+ well qualified offers to the seller. All were for high-end residential development.
What person, project, transaction, or market trend had the greatest impact on your industry this year? Rise in interest rates and continued low office use have had a strong impact. I hear the worst of inflation is behind us, which should give the Fed a reason to pause interest rate hikes.
What person, project, transaction, or market trend had the greatest impact on your industry this year? The 2023 NYC Real Estate Expo. What was your greatest professional accomplishment or most notable project, deal, or transaction in 2023?
What person, project, transaction, or market trend had the greatest impact on your industry this year? The greatest challenge of leadership is anticipating trends that will impact the direction of the real estate practice, which needs to constantly adapt to meet the needs of our clients.
What person, project, transaction, or market trend had the greatest impact on your industry this year? High interest rates, sustained inflation, and increased costs for goods and services have created an environment where owners must reduce their expenses to operate.
What emerging trends will drive investment and development in 2024? 2024 is poised to be a landmark year of distress for New York City’s already troubled real estate market. Numerous factors that have significantly impacted property values over the past few years
Brooklyn, NY Michael Ferrara, managing principal of New York City based investment sales brokerage firm Brax Realty closed on 306-308 Graham Ave. for $6 million
Olshan Frome Wolosky LLP has elevated of Kerrin Klein, Jessica Stanton, Rebecca Van Derlaske and Joseph Weiner to partners, and Jacqueline Ma, Katherine Mateo and Dorothy Sluszka to counsel at the firm, noting that six of the seven attorneys being elevated are women. The new positions will take effect
Manhattan, NY The Asian Real Estate Professional Association (AREPA) hosted its 14th Distinguished Speaker Event at J.P. Morgan Private Bank located at 383 Madison Ave. Jerry Pi, The chairman
Johnson City, NY Broome County and the Village of Johnson City celebrated the ribbon cutting of the Endicott-Johnson Victory Factory, hosted by Paulus Development
Manhattan, NY According to Romer Debbas LLP, litigation and commercial real estate attorney Daniel Knox, Esq. has joined the firm. Knox is an experienced litigator handling
Melville, NY According to Brown Altman & DiLeo, LLP, Lidia Szczepanowski is joining the firm as Senior Counsel. Szczepanowski is an experienced litigator, and trial attorney
Manhattan, NY JRM Construction Management has completed of the Paul Frank Medical Offices, located at 1049 5th Ave. Spanning 3,000 s/f, this project has gone from an ordinary
Rockaway Park, NY Kathy Anderson and Caillin Boles of Progress Capital have successfully secured a $19.725 million construction loan for the development of a self-storage facility on Rockaway Beach Blvd. owned by Dino Tomassetti, Jr. of Asset Realty & Construction Group
Lawrence, NJ In a collaborative effort to revitalize Princeton Pike Office Park the town council and town planning board have adopted the 3131 Prince Pike redevelopment plan prepared by the township and lead by Reynolds Asset Management