Each year, Crain’s New York Business honors notable leaders in real estate who work for a residential or commercial real estate organization (i.e., development, construction, brokerage) or work in a real estate division with a non-real estate firm in New York. To qualify, the honorees must be employed in a senior-level position in the city or the surrounding counties for at least ten years. They are selected for their achievements in the real estate industry and their involvement in mentorship, philanthropy or community service activities.
The New York real estate industry is fast-paced and ever-changing. An exaggeration, to be sure, but the dynamism implied in Hone’s observation remains as true today as it was nearly 200 years ago. From reconceived office buildings to refitted home offices, from reimagined public spaces to revolutionary proptech, the city’s real estate industry continues to reflect the five boroughs’ inextinguishable resilience and capacity for change.
Despite the disruption of Covid-19, the total value of the city’s commercial real estate is at 92% of its pre-pandemic levels. The residential real estate market, meanwhile, has lost little of its 2021 momentum, when more Manhattan apartments were sold in the third quarter than in any other period in more than three decades.
Behind this fast-paced and high-stakes industry is a legion of brokers, lawyers, marketers, technologists and architects as quintessentially New York as anyone working on (or in) Madison Avenue, Wall Street or the Garment District.
In recognition of their importance to the city, Crain’s has chosen to honor 79 notable leaders in real estate for 2022.
Congratulation’s to Vocon New York Managing Principal, Tom Vecchione and all the other amazing honorees as well!