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 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 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? Increases in inflation caused primarily by the $5.9 trillion of economic stimulus
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 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 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? My team is in the residential mortgage industry. We have been impacted by the change in interest rates.
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 was your greatest professional accomplishment or most notable project, deal, or transaction in 2022? Completion of a 45mil elevator modernization project at co-op city.
What was your greatest professional accomplishment or most notable project, deal, or transaction in 2022? Our most notable project in 2022 was the successful deployment of our Virtual Power Plant (VPP) turnkey solution for Veris Residential.
What emerging trends will drive investment and development in 2023? Mavryk Finance is currently developing a block-chain based banking co-op for secured lending and borrowing of digital assets.