What emerging trends will drive investment and development in 2025? Personally I think 2025 is going to bring many positive trends in multiple directions. I think we’re going to see an increase in real estate projects across the world. The trends we see are now talking about the replacement of the word, location, location, location
What noteworthy transactions or deals from this year best exemplified key market trends or shifts? Over the past few years, Eastern Union has closed many loans through credit unions. Credit unions provide for a nice, local lender experience, with the added benefit of offering pre-payment flexibility.
What noteworthy transactions or deals from this year best exemplified key market trends or shifts? We recently closed on the acquisition of a portfolio out of lender receivership which was, surprisingly, nearly stabilized after being on the brink of bankruptcy for quite some time. While this was in part attributable to the hard work of the receiver and its operator, a big factor
What was your greatest professional accomplishment or most notable project, deal, or transaction in 2024? Most significant project accomplishment for 2024 is completion of the Enclaves Hotel Project in Southold, N.Y. The Enclaves Hotel Project began in 2017 and, following extensive SEQRA review by the Southold zoning board of appeals and, thereafter, site plan approval
What was your greatest professional accomplishment or most notable project, deal, or transaction in 2024? Just recently we obtained an 80% reduction on a high-profile property resulting in millions of dollars of tax refunds which will assist in having the property re-developed. This past year, we have assisted numerous major new development
What was your greatest professional accomplishment or most notable project, deal, or transaction in 2024? Most significant project accomplishment for 2024 is gaining the zoning approvals for the AIREF Logistics Center located at Woodside Ave., Bellport, NY. This vacant, approximately fifty-acre industrial warehouse project will be comprised of four buildings totaling approximately 400,000 s/f in a Light Industrial
What was your greatest professional accomplishment or most notable project, deal, or transaction in 2024? This year we were thrilled to see one of our most prominent mixed-use transit oriented development projects, Bryant Plaza at the Roslyn LIRR station, brought to life. This development is as good an example
What noteworthy transactions or deals from this year best exemplified key market trends or shifts? High interest rates, inflation, and cost increases across the board affected all our clients, especially those in real estate management and development, architecture, construction, etc.
What was your greatest professional accomplishment or most notable project, deal, or transaction in 2024? In November 2024, I successfully brokered a significant joint venture between a prominent NYC developer and a church group. The agreement allows the church to contribute their land while retaining ownership of their property,
What was your greatest professional accomplishment or most notable project, deal, or transaction in 2024? The Berman Group’s creative team has led the design, positioning and marketing of two premier Brooklyn campuses for the City of New York and NYC Economic Development Corporation.
What noteworthy transactions or deals from this year best exemplified key market trends or shifts? Cord Meyer Development anticipated the growing trend of restaurants expanding into vibrant, outdoor-friendly spaces by creating a dynamic restaurant row at Bay Terrace Shopping Center. We envisioned a destination that combined appealing landscaping, inviting outdoor seating, and a diverse culinary offering to meet the rising demand for dining experiences beyond traditional indoor settings.
What emerging trends will drive investment and development in 2025? New York City’s multifamily market is seeing momentum, with transaction volume rising for two consecutive quarters. The third quarter saw a 12.8% increase over Q2, driven by optimism about potential interest rate cuts and renewed confidence following a Trump win. Furthermore, NYC’s resilient rental market, where rents continue to grow despite national declines,