The Bronx State of the Market

Daniel Parker is a Managing Director on the Hodges Ward Elliott (“HWE”) New York commercial investment sales team. Mr. Parker has spent over a decade working in both principal and advisory roles in the New York City commercial real estate market. Prior to joining HWE, Mr. Parker was a Vice President at The Related Companies, where he led a management team overseeing a 2,700 unit multifamily portfolio in New York City. Prior to working for Related, Mr. Parker worked in the Savills Studley Capital Transactions Group, working on a team that closed in excess of $2.2 billion in commercial real estate transactions including residential, office, retail and land. Mr. Parker started his real estate career working as a multifamily asset manager, overseeing 45 rent-regulated properties with 1,600 apartments and 78 retail spaces located in New York City for Prana Investments. In addition to New York City office, retail and land transactions, Mr. Parker brokers multifamily properties in Manhattan, Queens, Brooklyn and the Bronx. Mr. Parker has represented institutional clients that include Related, Rockpoint, Carlyle, KBS, Westbrook and Normandy, as well as a number of private families and investors. Mr. Parker recently brokered the sale of a $71 million workforce housing portfolio on behalf of Related to a partnership between Taconic Investment Partners and Clarion Partners. Other notable multifamily sales include the record-breaking $140 million sale of a 38 walk-up properties with nearly 1,000 units in the Bronx, 316 Bergen in Brooklyn, the Madison Belvedere at 10 East 29th Street in Manhattan, 442 Lorimer, 184 Havemeyer, 164 Havemeyer, the leasehold at 300 East 46th Street, and 111 Kent Avenue. In 2005, the New York City Teaching Fellows program selected Mr. Parker for a one year public school assignment as a full-time English as a Second Language (ESL) teacher in Washington Heights at PS 5. From 2001-2003, Mr. Parker lived in Mexico City, where he offered service through his church and became fluent in Spanish. Mr. Parker is an Eagle Scout and remains an avid photographer, camper and hiker. He regularly spends time with his family at Candlewood Lake in New Milford, CT to enjoy the outdoors and water sports. Mr. Parker received his Bachelor of Arts in Journalism from the University of Utah and an MBA in Finance and Economics from the Leonard N. Stern School of Business at New York University.

Daren is the Managing Partner of HCP and has over 20 years of real estate experience and a diverse background as a real estate broker, telecommunications entrepreneur and as a real estate investor & developer. Prior to HCP, he was the Senior Vice President and Principal of Metropolitan Realty Associates where he was responsible for acquisitions and development projects. Prior to MRA, Mr. Hornig managed all investment and development activities in the Northeastern United States for SAXA and directed all acquisitions, developments, sales & marketing initiatives. He was also previously the President and CEO of The Quest Group, a New York based real estate services firm. Mr. Hornig is a 1989 graduate of the University of Maryland, College Park with a Bachelors degree in Business Marketing. He is married with twins and resides in Roslyn, New York.

Dan is responsible for asset management, construction, and development projects, which include project management, design development, contract negotiations, portfolio strategy, marketing, leasing, and sales. Before joining Taconic in 2009, he worked at Georgia Malone & Co. where he was responsible for underwriting and marketing residential and commercial assets with a focus on the New York market. From 2005 to 2007, he was an assistant vice president at Related Capital where he underwrote debt and equity transactions for multifamily properties throughout the United States and began his real estate career in 2001 at Houlihan Parnes. Dan earned his Master of Science in real estate with a concentration in finance and investment from New York University and received his Bachelor of Arts in communication from the University of Scranton.

Robert S. Nelson, a long-time owner and operator of apartment buildings across New York City, serves as the President of New York-based Nelson Management Group, Ltd. He is also one of the founding partners of the real estate investment firm, Global One Investments, LLC. During his 30 year career, Mr. Nelson has owned and managed more than 8,000 units of multifamily housing. He also has widespread experience in the field of real estate development and ground up construction, with his most recent work on the construction of two new mixed-income towers located along Story Ave encompassing 435 units of housing in the Soundview section of the Bronx. In his tenure, Mr. Nelson formed the Global One Real Estate Fund in 2008, that purchased $210M of property and most recently launched Global One Real Estate Fund II targeting $450M. The fund primarily seeks to invest in additional apartment buildings to add to its portfolio. Mr. Nelson oversees the day-to-day management and asset management functions of over $600 million worth of multifamily properties owned by the firm and its affiliates. In one of his acquisitions, Mr. Nelson won praise for spearheading a Mitchell-Lama apartment building conversion at a 309 unit Upper West Side property, known as Cathedral Parkway Towers, by devising a complex deal the New York Times called “unique in the annals of the housing program.” The New York Times said he had brought about a “singularly happy resolution to more than 25 years of feuding” between landlord and tenants. The state housing commissioner praised Mr. Nelson’s buyout scenario as “a new model to preserve affordable housing.” In addition to Cathedral Parkway Towers, other notable properties under the Nelson umbrella include the Lafayette Boynton complex in the Bronx, Atlantic Plaza Towers in Brooklyn, The Promenade Apartments in Marble Hill, and 275 South Street located downtown in Manhattan’s emerging Two Bridges neighborhood. Mr. Nelson holds a Bachelor of Science in Business Administration from Boston University. He serves on the Board of Directors of the Rent Stabilization Association (RSA) and the New York State Association for Affordable Housing (NYSAF AH), two highly influential New York City-based landlord groups. He also holds the designation Registered Apartment Manager (RAM) from the National Association of Home Builders. Mr. Nelson’s hands-on commitment to the communities in which he works has earned him extensive industry recognition. In particular, he was voted “2005 Developer of the Year” by the Association of Builders and Owners of Greater New York City (ABO).

Jason Gold is a Director in the Investment Sales Division of Ariel Property Advisors. In addition to originating and executing exclusive listing sales, he is responsible for leading business development and networking initiatives in the Bronx submarket. Mr. Gold has executed deals involving various property types including multifamily, mixed-use, commercial and development sites throughout the Bronx. Since joining the firm, he has transacted over 50 deals with a gross consideration of more than $500 million in the Bronx. His insights about the Bronx real estate market have been featured in publications such as The Commercial Observer, Crain's, Real Estate Weekly, The Real Deal, New York YIMBY and The Bronx Times. Prior to joining the firm, Mr. Gold worked as an Associate Director at Murray Hill Properties LLC with a concentration on landlord and tenant representation throughout Manhattan. Mr. Gold is involved in various charities and organizations both in conjunction with the company and in his personal life. Among those he is involved with are The Jewish National Fund, the Real Estate Board of New York (REBNY), Bronx-Manhattan North Association of Realtors (BMAR), and SoBRO. He earned his bachelor’s degree in finance from the Florida International University in Miami, Florida. Mr. Gold lives on the Upper East Side of Manhattan and can be reached at 212.544.9500 ext. 22 or via email at jgold@arielpa.com.

Ayall Schanzer has a long and varied business and legal career that has enabled him to develop significant levels of expertise in a diverse number of areas relevant to commercial real estate. As the Principal Broker heading up the Greiner-Maltz Westchester, Connecticut and Bronx offices, he is able to use those numerous skill sets to create areas of opportunities for our clients. Schanzer began his illustrious career as a NY County Assistant District Attorney under Robert M. Morgenthau before becoming a corporate litigator at Rosenman & Colin LLP, where he specialized in serving financial services companies such as Bear Stearns and Greenwich Capital. As an attorney, Schanzer has experience not only litigating complex matters but also helping his clients raise capital, acquire and dispose of companies, as well as helping them navigate government regulation and oversight. As an attorney-turned-business executive, Ayall sits at the crossroads within the fields of law, finance, corporate strategy, and real estate; where he is known as a high-energy professional with excellent communication, negotiation, deal-making, team-building and interpersonal skills. He also possesses keen business insight and the ability to deliver transformational results. Schanzer received a Master’s of Business Administration from Cornell University, a Juris Doctor degree from Benjamin N. Cardozo School of Law in New York, and a BA in Political Science from Queens College. As Principal at Greiner Maltz, Ayall is helping the company expand its geographical footprint, expand its pool of talent, and broaden the depth, breadth and scope of the services it provides its broad base of customers and clients comprised of property owners, developers, industrial and retail users.

As President and CEO of Gilbane Development Company, Ed Broderick is responsible for the company’s strategic direction and overseeing day-to-day operations, fostering consistent performance and customer satisfaction. He has 35 years of experience in the engineering, development and management industries, including oversight of project and development management personnel, assisting project teams from building inception through completion, contract preparation and negotiations, staffing assignments and project financial monitoring. Mr. Broderick joined Gilbane’s comprehensive management training program in 1982. This four-year learning opportunity provided him with a full overview of the construction industry and expanded his knowledge of the company’s structural organization. Mr. Broderick has served in many capacities including project engineer, project manager and development manager on build-to-suit projects for clients such as First Data Corporation, BNY Mellon and the Columbia Energy Group. In 1999, he was named Vice President of Operations for Gilbane Development and then promoted to Executive Vice President in January 2008. In January 2014 he was named President, and in January 2018 he was promoted to Chief Executive Officer. Ed holds a BS from Manhattan College and an MBA from Providence College. He is a member of NAIOP, the Urban Land Institute, the Boy Scouts of America Executive Board, the Bishops Real Estate Committee, and has served on the Board of Directors for the YMCA.

Josue Sanchez is a Senior Director at L+M Development Partners where he has been leading mixed-income, mixed-use development projects and acquisition efforts in the New York City Metro area for over nine years. He has been a key contributor in financing and executing complex transactions and engaging community stakeholders to successfully complete transformative development projects. Josue was born and raised in the Bronx and serves as a board member of My Sisters’ Place. He earned a BS from Cornell University and an MBA from Harvard Business School.

Mr. Steinmetz joined Meridian Investment Sales as a Director in October 2015. Prior to joining Meridian he was a Senior Investment Sales Associate at GFI Capital Resources and a Director of Investment Sales at Rosewood Realty Group. Mr. Steinmetz is a seasoned investment sales veteran and has transacted over $1 billion in commercial real estate, created and implemented team sales techniques and generated leads. Mr. Steinmetz focuses primarily on off-market transactions across all asset classes.

Mr. Kenneth F. Wille, CEO: Professional Engineer licensed in multiple states and based in NY, Building Performance Analyst, LEED AP, Certified Energy Manager, and Green Building Engineer with the Association of Energy Engineers. Mr. Wille was involved in developing HUD Green Mark to Market requirements and qualifications following participation in HUD Green Retrofit Program. A seasoned construction consultant with over 5,000 construction loan monitoring inspections, 1,000+ Property Needs Assessments and 100+ energy audits under his utility belt. Mr. Wille has been numerous boards, podcasts and panels and is a published author with an educational building inspection series available on the KOW YouTube channel.

Steven Westreich is the President and Founder of Westbridge Realty Group, a full-service investment sales firm based in New York City. Handling acquisitions and dispositions on behalf of investors, Westbridge concentrates on middle-market multi-family, mixed-use, and development properties in Manhattan and the surrounding boroughs. In 2015, Steven was recognized by the Commercial Observer as one of New York City's 30 under 30 rising stars in commercial real estate. Westreich has brokered the sale of over 100 properties in NYC, spanning a diverse variety of asset types including multifamily, mixed-use, industrial, vacant development land, low-income housing, and unsold coop shares. Year to date in 2018, Westbridge has closed over 30 transactions, 22 of which have been in the Bronx submarket. Mr. Westreich holds a Bachelor of Arts degree in History from the University of Maryland, with an additional focus in Accounting and Economics. While attending UM as a student, Steven worked as a broker selling land assemblages across the Mid-Atlantic. Mr. Westreich has also completed additional coursework at NYU Schack Institute of Real Estate. Steven can be reached at (212) 658-0793 or via email at steven@westbridge-re.com.