Category: Spotlight Content

What noteworthy transactions or deals from this year best exemplified key market trends or shifts?  We liked Whole Foods opening in One Wall St. and expecting legendary Parisian luxury department store Printems to open at One Wall St. early next year.

What noteworthy transactions or deals from this year best exemplified key market trends or shifts?  Key market trends in NYC are reflected in several standout deals this year. A Hudson Yards penthouse sold for $40 million, showcasing the enduring allure of high-end, exclusive properties even amidst broader price adjustments.

What noteworthy transactions or deals from this year best exemplified key market trends or shifts?  Although CRE transaction volume declined by nearly 10% compared to last year, institutional-quality, well-located assets continued to trade favorably. Notably, KKR acquired a $2 billion multifamily portfolio

What noteworthy transactions or deals from this year best exemplified key market trends or shifts? The new affordable New York tax abatement (485-x) could play a role in jump starting multifamily rental development in New York City. Concerns remain about the changes made to the minimum construction wage beyond the average wage requirements of the previous version of the tax abatement, which could impact underwriting for potential rental sites.

What noteworthy transactions or deals from this year best exemplified key market trends or shifts?  While commercial business transactions often dominate the CRE headlines, Uniland’s year was highlighted by over 300,000 s/f of construction projects either completed or under way.

What noteworthy transactions or deals from this year best exemplified key market trends or shifts? One key shift that was seen throughout the market this year was the pretty sizeable expansion in cap rates, particularly with rent stabilized properties. The 2019 rent laws had already had its impact in the market

What noteworthy transactions or deals from this year best exemplified key market trends or shifts? At 1298 Inwood Ave.; what was previously a struggling two-level garage and auto-body shop on a 20,000 s/f lot, has been demolished in preparation to build a new 15-story multipurpose residential building, including 195 apartments.

What noteworthy transactions or deals from this year best exemplified key market trends or shifts? I would say the most unique trend and shift that continues to be a hot debate topic, is return to office. In major city markets such as New York we are almost back to pre-pandemic office occupancy numbers.

What was your greatest professional accomplishment or most notable project, deal, or transaction in 2024?  KW COMMERCIAL, a division of Keller Williams Realty Greater Rochester, has won the assignment to be the exclusive representative of the 170-acre mixed-use themed development adjacent to NASCAR’s top venue to race enthusiasts

After spending decades investing time and money without a justifiable return, I wanted to create a business development organization consisting of friends who did not compete in business. A group of people who would gladly share their trusted relationships to “open doors” to new business opportunities utilizing their individual services or products to the commercial real estate industry.

What noteworthy transactions or deals from this year best exemplified key market trends or shifts? In 2024, Champion Elevator’s ability to close out major modernization projects as well as secure maintenance agreements with major clients, while simultaneously expanding our expertise in elevator and escalator testing

What was your greatest professional accomplishment or most notable project, deal, or transaction in 2024? My most notable accomplishment this year was securing the insurance for a hotel that is converting from an office building to a hotel. This was a complicated deal because this is one of the first to be approved under the new NY rules.