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Spotlight Content
Posted: December 23, 2025
2025 Year in Review: Shimon Shkury, Ariel Property Advisors
President & Founder
Ariel Property Advisors
What accomplishment, milestone, project or transaction stood out for you or your firm in 2025?
Our Brooklyn team sold 14 development transactions totaling 700,000 BSF, illustrating the strength of the borough’s market and our robust activity there. Through a competitive process that produced multiple bids, the Capital Services Group arranged $68.1 million in debt and equity for an office-to-residential conversion at 29 West 35th St., made possible by Albany’s housing reforms and the Midtown rezoning. Ariel arranged the sale of Ocean Park for $88 million, preserving affordability for 602 families and showing that aligning private capital and public priorities can deliver a positive outcome.
What emerging trends or shifts will shape opportunities for you, your firm, or market sector in 2026?
NYC is in transition. Fundamentals are strong: Class A office has stabilized, development is gaining momentum, free-market multifamily is seeing continued rent growth and luxury condo construction is rising. However, the regulatory picture is in flux. The impact of HSTPA 2019 still weighs heavily on the city and proposals to freeze rent-stabilized rents — while not solely in the mayor’s control — have added uncertainty for investors. Nationally, our GREA partners see capital moving freely, improving fundamentals in oversupplied cities and a better interest-rate backdrop supporting deal flow.
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