What person, project, transaction, or market trend had the greatest impact on your industry this year? Inflation and increased interest rates have certainly throttled back demand, but thankfully we haven’t seen a huge decline at this point.
What person, project, transaction, or market trend had the greatest impact on your industry this year? It was definitely interest rates. Investment properties analyzed in the summer of 2022 and put on the market in September were already overpriced as rates went to 6% that fall.
What emerging trends will drive investment and development in 2024? There is an ever-critical need and trend for owners and facility managers to preserve their most important physical asset, the building structure. This is best achieved through a proactive, well-planned building envelope inspection program
What was your greatest professional accomplishment or most notable project, deal, or transaction in 2023? Having been a restaurant broker for almost 44 years, I’ve built strong relationships/friendships with some wonderful professionals. One of these friends, a very prominent hotel broker, referred me to a restaurateur in North Conway
What person, project, transaction, or market trend had the greatest impact on your industry this year? While attending the DBIA national conference this year, it was exciting to hear how more owners are seeing the benefits of design-build as a delivery system to help control costs, meet schedule and provide better quality.
What was your greatest professional accomplishment or most notable project, deal, or transaction in 2023? The 2023 Report on the Economic Impact of Quonset Business Park completed by Bryant University made clear that Quonset is the region’s leading engine of job creation and economic growth.
What was your greatest professional accomplishment or most notable project, deal, or transaction in 2023? In June of this year, we launched “Vision to Reality – Revitalizing the Heart of Bridgewater.” V2R is a holistic comprehensive revitalization strategy
What was your greatest professional accomplishment or most notable project, deal, or transaction in 2023? >TFMoran partnered with Unitil and ReVision Energy in the development of the Kingston PV Facility, planned for construction in early 2024 pending final permit approvals.
What person, project, transaction, or market trend had the greatest impact on your industry this year? Jerome Powell has been the harbinger of bringing the economy to a grinding halt, which has been great for users looking to acquire property that was formerly out of reach.
What person, project, transaction, or market trend had the greatest impact on your industry this year? We are seeing an increase in commercial and residential management. There are several people in the industry who have provided me with opportunities to take on more challenging projects
What person, project, transaction, or market trend had the greatest impact on your industry this year? The volatility and unknown future of interest rates has made clients rethink breaking ground on upcoming projects.
What person, project, transaction, or market trend had the greatest impact on your industry this year? One market trend that has impacted our industry is the shift in commodities markets which has created the need for my team as a subcontractor
What transaction had the greatest impact on your firm this year? While this transaction was not the biggest 1031 exchange we helped, it does showcase what makes Kay Properties so special. We helped a family enter 11 different Delaware Statutory Trusts following the sale of their family business
What person, project, transaction, or market trend had the greatest impact on your industry this year? There’s no question the biggest impact stemmed from the unprecedented rise in interest rates. While the increases were to combat inflation,
What person, project, transaction, or market trend had the greatest impact on your industry this year? The dramatic pace of interest rate increases has had the greatest impact on our market. The market continues to absorb the rate increases with visible consequences.
What person, project, transaction, or market trend had the greatest impact on your industry this year? The emergence of In-building (layer 1) Mass Notification systems in the educational use group has proven to be the largest opportunity in the Life Safety Industry.
What was your greatest professional accomplishment or most notable project, deal, or transaction in 2023? We continued to rapidly grow our organization through strategic additions. We added three new offices in 2023, New York City, Bethesda, Maryland, and Tampa, Florida
What person, project, transaction, or market trend had the greatest impact on your industry this year? Rising interest rates in 2023 had a significant impact on the real estate market. With an active market in 2022, sellers still had high pricing expectations.
What person, project, transaction, or market trend had the greatest impact on your industry this year? Post COVID reactions had a significant impact. Companies were still trying to figure out what officing formula to implement.
What person, project, transaction, or market trend had the greatest impact on your industry this year? Rent Control – to me it’s deja vu. I observed it coming in the 60s when our industry said “we have the State House under control”