Foundry Commercial’s Post

In an inspiring testament to resilience and reinvention in the real estate industry, figures like Marty Burger, Darcy Stacom, and Bob Knakal echo Mick Jagger's enduring spirit from his famous 1981 hit, "Start Me Up." Like Jagger, who celebrated his 80th birthday with a world tour and a new album in 2023, these stalwarts of the New York real estate scene have launched new ventures after sudden career pivots. Marty Burger, once the visionary CEO of Silverstein Properties known for his role in the World Trade Center reconstruction, founded Infinity Global Real Estate in February. His new firm aims to capitalize on the trend of converting office spaces into residential units. Although initially backed by investor Andrew Farkas, their financial collaboration did not materialize, yet the firm presses forward with its ambitious plans. Darcy Stacom, a leading figure in investment sales at CBRE for over two decades, also made a bold move. In February, she left CBRE to start a boutique advisory firm, which quickly garnered significant interest—evidenced by receiving 200 resumes within 12 hours for a chief of staff position. Bob Knakal, a veteran in investment sales, parted ways with JLL in February under the premise of the firm favoring a team-oriented approach over individual star power. Unfazed, Knakal promptly established BK Real Estate Advisors, integrating artificial intelligence into its operations to enhance research and analysis capabilities. These leaders exemplify the relentless pursuit of innovation and excellence in a changing market landscape. Their ability to adapt and thrive, drawing on their solid reputations, highlights their profound influence and capacity to attract both clients and top talent. Their stories are a clear reminder that, in real estate as in rock 'n' roll, the show must go on. #CRE #CommercialRealEstate #RealEstate #Innovation #CareerPivot #MickJagger #Resilience #NewBeginnings #NYCRealEstate #Leadership

Celebrating 2023: 🌟 A Year of Growth, Collaboration, and Impact. We are thrilled to share our 2023 Year In Review.    🏬 Compelling Acquisitions:  In 2023, we ventured into new markets with strategic acquisitions and recapitalizations in our multifamily real estate portfolio. These acquisitions not only expanded our portfolio but also solidified our presence in our markets, allowing us to better serve our communities and enhance portfolio composition for our investors.   👥 Exceptional Talent: Our team is the heartbeat of our success! In 2023, we welcomed top-notch talent into our Jones Street family, each bringing unique expertise, passion, and dedication to the table.   💵 New Investors: We're excited to welcome new investors to Jones Street! Their confidence in our vision and commitment to excellence propels us forward.   💒 Community Engagement: Giving back is at the core of who we are. This year, we proudly dedicated our time and resources to various volunteering initiatives, making a positive impact in the communities we serve.   💙 Personal Triumphs: Behind every success story are the individuals who overcome challenges and achieve greatness. In 2023, our team members celebrated weddings, new babies, and more!   Join us as we celebrate the highlights, the challenges, and the victories of 2023. Together, let's continue to innovate, collaborate, and make a difference! 🌟 #YearInReview #TeamWork #Impact #Innovation #2023Memories #MultifamilyInvesting Matt Frazier Matthew Ranalli Patrick Sullivan Jim Brady, CDPM III, B.O.S David Andronico Eric LeClair Samuelle B. Allison Sheehan https://lnkd.in/dZe_Cr_9

The long and the short of it: Expertise that reflects your business — it's multi-faceted. Our Directors share a holistic, and lived, experience in real estate that helps our clients navigate the market, simply. A background in the industry, the vision for its future, and our role in shaping it. Mark Sinclair | Michelle Pearson | Lachlan Sinclair | James Alexander | #PendiumAdvisory

I started working with Aii in 2017, and came back into the fold earlier this year. I noticed the same small group of people who invested with us back then, are still investing in our new opportunities. Some have been with us since the 1990's! I think that's really saying something about the exceptional care and impressive returns they've come to expect from Aii. #investing #mulitfamily #realestateinvesting #multifamilyinvesting #passiveincome #cashflow #commercialrealestate #investmentproperty #rentalproperty

Explore Ohio's real estate in Hunter Wern and Will Cornish latest blog. #KiserGroup #RealEstate #CommericalRealEstate 💡 Cincinnati Soars! With an impressive 4.4% rent growth, it ranks second-highest in the nation. 💡 Columbus: Development Hub! Intel’s $20 billion facility fuels economic growth. Despite housing shortages, Columbus boasts 2.5% YOY rent growth, a multifamily investment hotspot. 💡 Cleveland's Resilience! Despite a slowing market, it stands strong with 2.7% YOY rent growth, surpassing the national average. Read the full blog for in-depth insights: https://ow.ly/jJQS50Qr5r8

New Episode is Live! Jerry Alexander has been investing in property for over 20 years. He started off in residential and after a few years stumbled onto commercial property and hasn't looked back since. He has built several businesses in that time including LibertySpace, which has invested in and manages over 200 office and warehouse units on the East coast of Scotland.    In this episode:   🔸We dive into the commercial property world of flex space and the CMO model (Commercial Multiple Occupation). 🔸Jerry explains many of the ins and outs of how this model works- from the types of tenants, to the types of buildings, and best locations as well.  🔸We discuss where this model sits within the changing world of commercial property post pandemic. 🔸 And why commercial property investing like this, is a potential big opportunity that many residential investors tend to miss. Links to full episode in comments below 👇 #propertyinvesting #commercialproperty #propertydevelopment #ukproperty #flexspace #cmo

How can your organization successfully tackle Multifamily challenges for lasting success? In today's multifamily industry, businesses are grappling with significant challenges, such as rapid technological changes, varying interest rates, and the difficulty of keeping talented employees. To address these complexities, a strong support system is essential. By joining the Multifamily Innovation® Council, you gain access to valuable resources and a supportive community that can help turn these obstacles into opportunities for growth. Our members have seen increases in profitability, improved market reputation, and greater satisfaction among stakeholders, leading to notable improvements in their overall success. Seize this opportunity: https://lnkd.in/gwbW5DQ3 #WeAreMultifamily #MultifamilyLeadership #MultifamilyInnovationCouncil

I find it fascinating that the Murdoch family is pursuing global expansion in the property market. This strategic move could significantly impact the industry and highlight their commitment to growth. What are your thoughts on this development? https://lnkd.in/ekVkfZMq #PropertyMarket #RealEstate #InvestmentStrategy #IndustryInsights #RealEstateDevelopment

We have been discussing the Org. Chart in recent Multifamily Innovation® Council meetings. How has it historically helped us create structure and is it now holding us back from rethinking the way we staff our properties in ways that help us value the individual skill sets of our people? Is the traditional structure adding value to our owners/investors and residents? Join the council today or register for our upcoming Summit to be a part of these valuable discussions: https://lnkd.in/gwbW5DQ3 #Multifamily #MultifamilyInnovation #IndustryInsights

In the ever-evolving Boston real estate market, staying ahead of the curve is key. Consider this: leading investment firms partnering to acquire a multi-specialty healthcare facility in Rhode Island. Why? Because it's not just about property size or location anymore. It's about the strategic alignment of the property with the long-term goals of your portfolio. Are you capitalizing on similar opportunities? Where the real estate market once consisted mainly of residential and commercial properties, the addition of healthcare facilities is now proving to be a game-changer. And with large healthcare providers as tenants, it becomes even more valuable. This could just be the untapped market potential you've been looking for. As Boston professionals, let's take a step back and evaluate our real estate strategies. Are we broadening our investment horizons and leveraging more diverse property types to build resilient portfolios? If you're not sure or want to explore more, reach out to Joe Turco, an established real estate market expert, for deeper insights and potential solutions. Time to rethink BostonRealEstate. #Boston #BostonRealtor #TurcoGroup #eXpRealty #BostonCondo #BostonHome #MovemetoBoston