What was your greatest professional accomplishment or most notable project, deal, or transaction in 2022? JLM Decorating reshaped the city’s hospitality landscape with the successful completion of one of the first “6-Star” hotels: The Aman New York at the Crown Building on Fifth Ave.
What person, project, transaction or market trend had the greatest impact on your industry this year? My team is in the residential mortgage industry. We have been impacted by the change in interest rates.
What person, project, transaction or market trend had the greatest impact on your industry this year? In 2022, property owners have been accosted with rate increases for their property insurance, as high as 30%.
What person, project, transaction or market trend had the greatest impact on your industry this year? Simple answer is rising interest rates and the speed in which it has happened.
What emerging trends will drive investment and development in 2023? We expect there to be a tremendous opportunity for real estate investors who have liquidity to leverage the uncertainties in the capital markets environment for long-term benefit and wealth creation.
What was your greatest professional accomplishment or most notable project, deal, or transaction in 2022? “The most notable deal that we closed this year was the sale of a 402 unit apartment complex in excess of $150 million that involved multiple parties with differing goals.
What was your greatest professional accomplishment or most notable project, deal, or transaction in 2022? We had many great and notable accomplishments, but the most exciting might be some of our larger transit oriented development projects finally moving into construction.
What was your greatest professional accomplishment or most notable project, deal, or transaction in 2022? This has been a very notable year for my team. Despite the challenges throughout the capital markets, we have managed to increase closed deal volume year over year.
What person, project, transaction or market trend had the greatest impact on your industry this year? Increases in inflation caused primarily by the $5.9 trillion of economic stimulus
What person, project, transaction or market trend had the greatest impact on your industry this year? Redevelopment of mixed use projects within downtown areas, around train stations and on underutilized portions of Town-owned airports.
What person, project, transaction or market trend had the greatest impact on your industry this year? Although it’s across the river, the Jersey City development boom happening right now is really benefitting the whole New York City metro area.
What was your greatest professional accomplishment or most notable project, deal, or transaction in 2022? Each year, I aim to pass along as much knowledge as I can to the next generation.
What was your greatest professional accomplishment or most notable project, deal, or transaction in 2022? My most notable project of 2022 would be Wego Chemical HQ located in the Village of Russell Gardens.
Chicago, IL Standard Communities, a national affordable housing developer and investor, has led a public-private partnership that acquired a 371-unit 100% affordable housing community. 
Arlington, VA Eastern Union, one of the country’s largest commercial real estate finance companies, has arranged the $39.723 million refinancing of Washington & Lee Apartments, a 369-unit multifamily
Valhalla, NY The Mount Pleasant Town Board has unanimously approved the zoning for a 3 million s/f science and technology center next to the Westchester Medical Center, New York Medical College, and near the expansive Regeneron Pharmaceuticals
Woodbury, NY According to Kaufman Dolowich, a leading national law firm, Michael Ganz has joined the firm’s headquarters as a partner. Ganz joins the firm’s Construction Law Practice
El Paso, TX Cronheim Mortgage has secured a 75% LTC, five-year fixed-rate construction loan for the development of a 151,000+ net rentable s/f, Class A self storage facility. The $12.95 million financing was closed with a local bank and features
Yonkers, NY The Yonkers Housing Authority (YHA) and The Community Builders (TCB) have been working together for more than a decade to redevelop the 1940s-era Cottage Place Gardens public housing complex into The Ridgeway, a modern mixed-income community
Manhattan, NY This year’s Fried Frank real estate holiday gala, held at Cipriani 42nd St. on December 6th, was a celebration of a resurgent real estate market, attracting the real estate