Spotlights
2023 Year in Review: James Owen, HFA Architecture + Engineering
What person, project, transaction, or market trend had the greatest impact on your industry this year? As we continue to lean into the retail design industry, we are continuing to see 3rd party delivery services and online pick-up continue to impact how retailers deal with multiple points of engagement.
2023 Year in Review: Elizabeth Krol, Ramboll
How has your career path changed in 2023? My career path changed in 2023 to include more focus on ESG (Environmental, Social & Governance) and sustainability support for my key real estate clients. Joining Ramboll’s global team also expanded my ability to provide environmental, engineering and energy services internationally.
2023 Year in Review: Gary Zamperelli, Nationwide Security Service
What emerging trends will drive investment and development in 2024? There is no trend larger or that will have a major impact on the security industry than artificial intelligence (AI). The security AI trend would also include a blend of AI and cybersecurity.
2023 Year in Review: Itamar Chalif, Rockland Trust Bank
What person, project, transaction, or market trend had the greatest impact on your industry this year? Interest rates are a market trend with a strong impact on business. Property that yesterday would have “cash flowed” with rent it was receiving doesn’t necessarily do so today because the cost of money is higher.
2023 Year in Review: Jason Atwood, Northstar Project & Real Estate Services
What person, project, transaction, or market trend had the greatest impact on your industry this year? Without a doubt, rising interest rates had the single greatest impact on the commercial real estate development industry this year. Increased borrowing costs combined with inflationary forces challenged project teams to problem solve
2023 Year in Review: John Famiglietti, Commercial Connection LLC
What person, project, transaction, or market trend had the greatest impact on your industry this year? Rising Interest Rates impacted our industry; even with construction costs down and the supply chain improving; demand slowed down to pre- pandemic years. Investors took a break on development plans watching the economy and interest rates.
Check out NEREJ's
2023 Year in Review!
Check out NEREJ's 2023 Year in Review!
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