What emerging trends will drive investment and development in 2023? Everyone is impacted by the rising interest rates, political turmoil, inflation and change in work lifestyle more so this year than any other.
What was your greatest professional accomplishment or most notable project, deal, or transaction in 2022? Representing Taconic Partners in the $70 million acquisition/financing transaction of the full block from 309 E 94th St.
What person, project, transaction or market trend had the greatest impact on your industry this year? The greatest impact on the real estate industry this year has been the constant shifts in market conditions.
What person, project, transaction, or market had the greatest impact on your industry this year? The rapid increase in interest rates has had a profound effect on the market, impacting values and highly leveraged development projects.
What person, project, transaction or market trend had the greatest impact on your industry this year? The market trend that had the most impact on my industry this year is the expansion of the cannabis industry.
What emerging trends will drive investment and development in 2023? There is going to be stronger demand in secondary markets as work-from-home policies are expected to remain in many businesses.
What person, project, transaction or market trend had the greatest impact on your industry this year? The continuation of the “Work from Home” or “Remote Work” lifestyle change for all workers was a game changer for the self storage industry
What person, project, transaction or market trend had the greatest impact on your industry this year? We are officially in a post-COVID market environment.
What person, project, transaction, or market had the greatest impact on your industry this year? Healthcare was among busiest sectors for construction companies.
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.
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 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