Spotlights

2022 Year in Review: Lee Brodsky, BEB Capital

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.

2022 Year in Review: Kenne Shepherd, K. Shepherd Interior Design Architecture

What person, project, transaction, or market trend had the greatest impact on your industry this year?  The return to in-person shopping has had the most significant impact on the retail market.

2022 Year in Review: Howard Stein, Certilman Balin Adler & Hyman, LLP

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.

2022 Year in Review: Shallini Mehra, Meridian Investment Sales

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.

2022 Year in Review: Shimon Shkury, Ariel Property Advisors

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.

2022 Year in Review: Peter Mulcahey, JRM Construction Management

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.

2022 Year in Review: David Katz, Global Security Group, Inc.

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.

2022 Year in Review: James Famularo, Meridian Capital Group

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.

2022 Year in Review: Alan Stenson, Brax Realty

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.

2022 Year in Review: Benjamin Sather, Mojo Stumer Associates

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.