Commercial Real Estate’s Top Young Professionals

It’s that time of year: Commercial Observer is out with its annual list of the top young professionals in commercial real estate. Clear your afternoon and dive deep. Also for today: J.P. Morgan Chase is expanding its office and retail footprint in South Florida.

And just a reminder that you can keep up with all the major leasing, financing and sales deals with Commercial Observer’s new Deals of the Week.

— Tom Acitelli, Deputy Editor

Top Young Professionals 2024

While many real estate professionals are trained to be optimists (and this is not necessarily a bad trait) we have a feeling that if you hooked them up to a lie detector and asked them for the state of the real estate landscape, the truest answer would be: “Weird.” Not bad, necessarily. It’s certainly bad if you bought a string of aging office properties back in 2019, sure. It’s bad if you borrowed money five years ago and your rate is set to adjust. It’s probably bad if you saw the exploding multifamily rents in the Sun Belt and decided as you penciled out your offer that those kinds of increases would exist in perpetuity.

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Check out our newest Deals of the Week , featuring the top commercial real estate transactions at a glance — plus a deep dive into the key players behind each transaction.

JP Morgan Chase to Double Miami Office

I was on CNBC a couple of weeks ago with my friend Brian Sullivan, and I mentioned that I thought we were heading into the “biggest transfer of ownership in the history of New York City.” This caused a flood of questions, texts, emails and DMs asking for details. Here goes. The investment sales market in New York City is in unprecedented circumstances. During each of the past major corrections — savings & loan crisis in the early 1990s, the recession in the early 2000s, the Global Financial Crisis of 2008-2009 and the “long slide” from 2016 through 2021 — every product type was losing value, just to varying degrees.

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