News:
Spotlight Content
Posted: December 22, 2020
Jessica Richer, Hanna Commercial Real Estate
Name: Jessica Richer
Title: Licensed Associate Real Estate Broker
Company Name: Hanna Commercial Real Estate
What was the most challenging part of working during the pandemic?
The silver lining of working during the pandemic was finding ways to be creative and thinking out of the box. All the usual rules of engagement were changed. We could not show listings or cold call. We had to reach people using social media in a more interactive manner. First, we created The Richer Team at Hanna Commercial Real Estate YouTube Channel to showcase listings and conduct interviews. Then, in addition to our personal social media accounts, we established a Linked-In account for The Richer Team at Hanna Commercial. This was fun and allowed us to connect to several people.
What aspects of working from home did you enjoy most?
The time gained from not commuting or being out on the road meeting with people and showing properties was applied towards professional and personal enhancement. For example, I read books and articles on business and professional issues and took online classes. I tried to eat healthier and incorporate exercise into my routine.
What was your greatest professional accomplishment in 2020?
Staying positive, keeping the team on course, and reinventing how we do business.
What was your most notable project, deal, or transaction in 2020?
My most notable transaction was frozen when the pandemic hit. It is moving forward now, but it may not be completed at the end of 2020 and end up being finalized in first quarter of 2021. At least half of the transactions in my pipeline were frozen in mid-March. It took until the third quarter of 2020 for business to resume. Fortunately, deals were completed. The pandemic created a rollercoaster of unexpected results for 2020 transactions.
What are your predictions for commercial real estate in 2021?
My business is focused on the Capital Region of New York State. During 2021 the industrial leasing and sales will continue to be robust. Leasing for office, medical and retail will be challenging. Interest in multifamily and senior housing will continue to be significant. I am optimistic that 2021 will be a better year.
Tags:
Spotlight Content
MORE FROM Spotlight Content
Over half of Long Island towns vote to exceed the tax cap - Here’s how owners can respond - by Brad and Sean Cronin
When New York permanently adopted the 2% property tax cap more than a decade ago, many owners hoped it would finally end the relentless climb in tax bills. But in the last couple of years, that “cap” has started to look more like a speed bump. Property owners are seeing taxes increase even when an
.png)
Quick Hits
.jpg)
Columns and Thought Leadership
The strategy of co-op busting in commercial real estate - by Robert Khodadadian
In New York City’s competitive real estate market, particularly in prime neighborhoods like Midtown Manhattan, investors are constantly seeking new ways to unlock property value. One such strategy — often overlooked but
Oldies but goodies: The value of long-term ownership in rent-stabilized assets - by Shallini Mehra
Active investors seeking rent-stabilized properties often gravitate toward buildings that have been held under long-term ownership — and for good reasons. These properties tend to be well-maintained, both physically and operationally, offering a level of stability
Properly serving a lien law Section 59 Demand - by Bret McCabe
Many attorneys operating within the construction space are familiar with the provisions of New York Lien Law, which allow for the discharge of a Mechanic’s Lien in the event the lienor does not commence an action to enforce following the service of a “Section 59 Demand”.
How much power does the NYC mayor really have over real estate policy? - by Ron Cohen
The mayor of New York City holds significant influence over real estate policy — but not absolute legislative power. Here’s how it breaks down:
Formal Legislative Role
• Limited direct lawmaking power: The NYC Council is the primary
.gif)