Category: Spotlight Content

What person, project, transaction, or market trend had the greatest impact on your industry this year? We celebrated the opening of a spec industrial/warehouse at Renaissance Commerce Park in Lackawanna, NY. The 150,000 s/f facility is fully leased by out-of-town companies that are expanding here.

What emerging trends will drive investment and development in 2024? Local Law 97’s energy efficiency and sustainability mandates are driving the conversation. A well designed and installed, high R-value roof system can reduce your building’s energy consumption. By keeping your HVACR systems idle for longer, we create time

What was your greatest professional accomplishment or most notable project, deal, or transaction in 2023? This year, Olive Tree Affordable Housing, our affordable housing affiliate, expanded into North Carolina with the acquisition of The Life at Lakeside Villas, a 429-unit, affordable multifamily community located in Wilmington.

What person, project, transaction, or market trend had the greatest impact on your industry this year? The combination of Higher interest rates, concern about New York’s ability to recover from the pandemic, exodus of residents/office workers, cost of migrants, increased cost of City/State capital repairs and Local Law 97

What was your greatest professional accomplishment or most notable project, deal, or transaction in 2023? Tishman Speyer’s renovation and re-use of the historic Morgan North Post Office is a compelling example of future urban work environments. One of the distinguishing tenant features is its two-acre rooftop landscape – the largest in Manhattan.

What person, project, transaction, or market trend had the greatest impact on your industry this year? Architecture and real estate has been impacted by the growing density of cities. Developing urban hubs have pushed for more community–oriented and transit–oriented design trends

What was your greatest professional accomplishment or most notable project, deal, or transaction in 2023? Elevating Mojo Stumer’s visual brand identity and leading PR initiatives has been gratifying. Witnessing the firm’s global publications and awards grow this year highlights

What person, project, transaction, or market trend had the greatest impact on your industry this year? High interest rates, sustained inflation, and increased costs for goods and services have created an environment where owners must reduce their expenses to operate.

What person, project, transaction, or market trend had the greatest impact on your industry this year? Rise in interest rates and continued low office use have had a strong impact. I hear the worst of inflation is behind us, which should give the Fed a reason to pause interest rate hikes.

What was your greatest professional accomplishment or most notable project, deal, or transaction in 2023? We have been working for several years on a development site of 20 acres in Westchester County. We brought 15+ well qualified offers to the seller. All were for high-end residential development.