Category: Spotlight Content

What noteworthy transactions or deals from this year best exemplified key market trends or shifts?  Investor appetite for strategically located new industrial logistics facilities continued in 2024 and will accelerate in 2025 and future years. A clear example was DH Property Holdings sale of a 283,000 s/f logistics facility

What noteworthy transactions or deals from this year best exemplified key market trends or shifts?  2024 marked the revival of retail in New York City. We completed several large-scale retail leases and restaurant/member club leases and openings this year. Our client VCR Group opened members club Flyfish Club on East Houston this year spanning three levels

What was your greatest professional accomplishment or most notable project, deal, or transaction in 2024? This year, one of the more notable deals in which I was involved was representing Hudson Bay Capital in its partnership with RXR Realty to close a $320 million recapitalization of 620 Ave. of the Americas

What noteworthy transactions or deals from this year best exemplified key market trends or shifts?  This year, we closed a $180 million self-storage portfolio deal with a large money center bank, spanning multiple high-quality properties across several states. As the highest loan-to-value financing

What noteworthy transactions or deals from this year best exemplified key market trends or shifts? The number of closed transactions in 2024 started slow but gained momentum mid-year. While transaction volumes remain below active market levels, listings are increasing as year-end approaches.

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.