What person, project, transaction or market trend had the greatest impact on your industry this year? Over the last 20 years of my practice, office building transactions have been a principal area of concentration.
What person, project, transaction or market trend had the greatest impact on your industry this year? Inflation and supply chain issues have had the greatest impact on the construction industry in 2022.
What person, project, transaction or market trend had the greatest impact on your industry this year? Undoubtedly, the work from home dynamic has impacted both office and retail transactions, for M.C. O’Brien, Inc.
What was your greatest professional accomplishment or most notable project, deal, or transaction in 2022? My most notable project this year is the new Village Hall in Great Neck.
What was your greatest professional accomplishment or most notable project, deal, or transaction in 2022? In the past year, I have become a hyper-specialist in the challenging, demanding market of multi-family and mixed-use, rent- stabilized buildings.
What was your greatest professional accomplishment or most notable project, deal, or transaction in 2022? Leasing 771 Ninth Ave. to Urban Pathways, an outreach program and drop-in center for the homeless community.
What was your greatest professional accomplishment or most notable project, deal, or transaction in 2022? Our fire/life safety division is run by the most qualified experts in the industry. What matters even more to our clients is having similarly qualified personnel working with them onsite.
What was your greatest professional accomplishment or most notable project, deal, or transaction in 2022? JRM has made a significant investment in expanding our healthcare construction division’s capabilities in 2022, and it has been a tremendous year.
What person, project, transaction or market trend had the greatest impact on your industry this year? No doubt the most significant trend was interest rate hikes, which started to impact activity in the commercial real estate market in the second half of the year.
What person, project, transaction or market trend had the greatest impact on your industry this year? The multiple Fed’s interest rate hikes, which translate to 6.0-6.5% lending rates have put downward pressure on valuations, which were already negatively impacted by the HSTPA 2019 rent laws.
What person, project, transaction or market trend had the greatest impact on your industry this year? Increasing demand for efficient and reliable supply chain solutions is a trend greatly impacting the logistics/warehousing industry.
What person, project, transaction, or market had the greatest impact on your industry this year? Our business took a hard shift towards healthcare build-outs this year.
What person, project, transaction or market trend had the greatest impact on your industry this year? An ongoing project identified a flaw in the city’s lead-based paint inspections due to differences in testing equipment.
What person, project, transaction or market trend had the greatest impact on your industry this year? As a consulting engineering firm focused on structural design and special inspections
What person, project, transaction or market trend had the greatest impact on your industry this year? Governor Kathy Hochul and the New York State legislature for failing to renew or replace the 421A program for affordable housing.
What was your greatest professional accomplishment or most notable project, deal, or transaction in 2022? Property tax can be an existential issue in New York under the best circumstances.
What person, project, transaction or market trend had the greatest impact on your industry this year? Organizations including AIA, ACEC, New York Building Congress, SEAoNY and The Architectural League helped to get us back to more normal times hosting fantastic events and bringing members together.
How has your career path changed in 2022? While my career path has not changed in 2022, my personal and professional approach has. I’ve tried to manage my daily responsibilities more efficiently by setting attainable but still ambitious goals.
What person, project, transaction or market trend had the greatest impact on your industry this year? Commercial real estate in Suffolk County is still at a premium with occupancy rates holding at record highs.