Category: Spotlight Content

What was your greatest professional accomplishment or most notable project, deal, or transaction in 2024?  In 2024, CoreNet NYC strengthened its commitment to supporting and expanding the network of XBE firms through their XBE Sponsorship iniative. The program encourages CoreNet sponsors to support an XBE firm by purchasing a sponsorship on their behalf

What noteworthy transactions or deals from this year best exemplified key market trends or shifts?  The deal from 2024 that I am most proud of is the sale of a prime condo development site in Long Island City at 10-37 & 10-45 49^th Ave. In this case, Brax Realty represented both the seller and procured the buyer.

What was your greatest professional accomplishment or most notable project, deal, or transaction in 2024?  This last year, my most notable achievement was advancing Sage’s transformation from a traditional real estate company into a recognized commercial real estate brand. This vision includes pioneering efforts to extend Sage’s brand identity beyond our own portfolio,

What noteworthy transactions or deals from this year best exemplified key market trends or shifts? MECC was retained by a local developer acquiring a large swath of properties in Suffolk County to provide phase one Environmental Site Assessments (ESA’s) as they plan a major transformation of the area.

What was your greatest professional accomplishment or most notable project, deal, or transaction in 2024? My greatest professional accomplishment was guiding my clients through complex challenges — such as pursuing growth through mergers and acquisitions, developing successful succession plans, and capitalizing on tax-saving opportunities — which led to Anchin achieving recognition as a 2024 Top 50 Accounting Firm by Construction Executive.

What emerging trends will drive investment and development in 2025?  Tech-integrated developments will become more prevalent: • Smart buildings: High-tech amenities like advanced energy management systems, app-controlled facilities, continued build-out of Co-gen plants, and AI-driven security will differentiate projects, to comply with a myriad of new local laws and mandated lower admissions of carbon footprint when developing buildings.

What was your greatest professional accomplishment or most notable project, deal, or transaction in 2024?  In 2024, VTS focused on driving additional value for our customers with three software launches to help owners and operators consolidate their tech stacks and increase ROI. In March, we launched VTS 4, powered by the VTS Demand Model, helping landlords and their agents identify prospective tenants 3-4 months before touring assets.

What noteworthy transactions or deals from this year best exemplified key market trends or shifts?  This year, the real estate market faced significant shifts that highlighted the growing challenges for certain asset classes, particularly office spaces. One telling example was a client who sought to refinance out of a private loan.

What noteworthy transactions or deals from this year best exemplified key market trends or shifts? At Shawmut we continue to work in the towers that are paving the way for the new office model — most notably 425 Park Ave., where we completed Four Twenty Five restaurant and continued our work on tenant build-outs and amenity spaces.

What was your greatest professional accomplishment or most notable project, deal, or transaction in 2024?  For the year 2024, in addition to its share of commercial projects from its loyal client base, Rosenbaum Design Group was fully immersed as lead architect in the revitalization of the Shops on Broadway in Hicksville, NY.

What noteworthy transactions or deals from this year best exemplified key market trends or shifts? We saw some great office building and office space transactions happening on Park Ave. this year. Most notably, JPMorgan Chase acquired 250 Park Ave., Blackstone agreed to expand and extend its global headquarters lease to 1.06 million s/f at 345 Park

What was your greatest professional accomplishment or most notable project, deal, or transaction in 2024?  A new hotel development that was conceived pre and during covid and then shelved as rates and costs rose is coming back on line in a possible larger version. This is notable as it was the first signal that the shock from rates and inflation is abating.