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They represent a variety of disciplines, from leasing and capital markets to due diligence and property management. They may have helped found the companies for which they work, or they may have been tasked with establishing a New York presence for an existing company. What they have in common is the leadership skills to stand out in what's arguably the most competitive CRE landscape of them all.

We have identified two dozen executives under the age of 45 who have made their mark on New York City and whom we believe will be even more prominent in years to come. Here are Tomorrow's Leaders of New York commercial real estate.

 

Peter Braus, 44
Managing Principal, Lee & Associates NYC
In a 15-year CRE career, the third-generation industry member has brokered more than 500 transactions for a total volume of $250 million. With president Jim Wacht, Braus helped create Lee NYC, expanding Sierra Real Estate to form a new company offering office, retail, industrial, and seniors housing. He expanded property management capacity from 15 buildings to 60, and brokerage from 15 people to more than 70. The company went from a local operation to a member of an affiliated group of national companies. Braus also recently helped Lee NYC launch a seniors housing and healthcare practice.  

 

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Shlomo Chopp, 33
Managing Partner, Case Property Services LLC
Chopp's goal for Case Property Services is to be the first property turnaround firm, comparable to the ranks of corporate turnaround specialists. Over the past three years, he has advised clients on distressed property and debt involving close to $400 million of distressed property loans. Each of these loans involved varying levels of complexity, such as multiple creditors and internal perternship disputes. Rather than negotiating obvious points such as loan amounts and terms, Chopp's approach is to tackle underlying factors such as educating the lender to differentiate between borrower and property/market issues. 

 

Melissa Dahl, 36
Principal, Partner Engineering and Science Inc.
In a 13-year career, Dahl has advised on more than 7,000 commercial real estate transactions, and ranks consistently among the top salespeople at Partner. Her core focus is in providing commercial real estate due diligence services and environmental risk management for developers, investors and financial institutions. She's known for her ability to communicate technical environmental and engineering issues to a wide range of clients from CMBS to retail lenders.

 

Eric Ferriello, 28
Director, Colliers International
With a background in commercial real estate lending at Webster Financial, Ferriello is responsible for tenant representation, business development and market knowledge at Colliers. Since 2009, he has worked on more than 800,000 square feet of real estate transactions. It's been an impressive run thus far, but Ferriello aims higher. His goals include transacting two million square feet of tenant rep leasing before age 30, earning the accolade of “Top Producer” at Colliers International before age 35 and winning one of the Real Estate Board of New York's annual Most Ingenious Deal of the Year awards.

 

Spencer Garfield, 43
Managing Director, Originations, Hudson Realty Capital LLC
Garfield was among the youngest principals in the opportunity fund industry when he joined Hudson at its inception in 2003, and has been instrumental in developing the company's presence in the middle-market investment arena. Since joining Hudson, his originations have led to more than $3.5 billion in debt and equity transactions, including $170 million in mortgage originations last year. Garfield also is a leading educator, speaker and mentor who has served as an adjunct real estate finance professor at New York University, his alma mater.

 

Kelly Gedinsky, 29
Director, Winick Realty Group
Having leased 465,094 square feet of retail space in under five years, Gedinsky is one of the most successful young female brokers in the industry. She works with some of the city's key landlords and tenants, specializing in new construction. “As a native as a resident and a broker, I have seen firsthand how the city can evolve,” says Gedinsky. “Luxury markets are perfect examples of how quickly things can change given the state of the market. In 2009, Madison Avenue had over 80 vacancies from 60th through 86th streets; now I am constantly competing against other tenants for the same space.”

 

Jennifer Granda, 40
Vice President & Team Leader, Cooper Square Realty
Granda oversees a 12-person team that manages 20 Manhattan apartment buildings, comprising 3,500 residential units and more than three million square feet. Notable properties in the portfolio include 2 Horatio St., 325 Fifth Ave. and the Strand at 500 W. 43rd St. With many properties dealing with budget shortfalls, one of Granda's “calling card” responsibilities has been finding solutions to increase the revenue of her buildings. Among other measures, she has instituted fitness center fees for subletters, and has advocated participation in an energy aggregation program.

 

Steven Hamm, 25
Associate Vice President, Redwood Trust
In the past year and a half, Hamm has arranged $75 million of commercial mortgage/mezzanine loan originations as part of Redwood Trust's Northeast team. “The return of the credit market has ushered in the return of transaction volume,” says Hamm. “With credit standards again beginning to loosen, the future will be determined by the market's overall reaction.” A quick return to loose credit standards could mean another crash, while a more measured approach could mean “a more gradual and sustained return of real estate valuations.”

 

Greg Kraut, 37
Principal & Managing Director, Avison Young
Kraut was hand-selected by Avison Young's leadership as the first hire for its New York City office. He's responsible for building AY's local corporate infrastructure from the ground up, and specifically for positioning it to become one of the region's top services companies over the next five years. Earlier in his career, Kraut helped grow Coldwell Banker Hunter Realty from three to 35 professionals as a founding member. In less than a year, he has expanded AY's New York office to 45 employees, including Arthur Mirante, whom he brought in to serve as principal and tri-state president.

 

Aaron Lazovik, 31
Vice President, Brickman
Lazovik's responsibilities include asset management of opportunistic investments, underwriting potential acquisitions and portfolio management. Before joining Brickman, he managed a CRE loan portfolio of more than $1 billion at Anglo Irish Bank. He also worked on the sale of the US loan book and successfully restructured most of the loans he managed prior to the loan sale. Ultimately, Lazovik aims “to be an investor that owns and operates a large portfolio of well-located assets in major markets throughout, similar to Brickman's structure.”

 

Lipa Lieberman, 33
Senior Director, Eastern Consolidated
Although only a four-year veteran at Eastern Consolidated, Lieberman has quickly risen among the ranks. Named the company's “Most Promising Broker” of 2012 and a “Rising Star” for 2011, he has completed 50 transactions worth approximately $700 million, for properties ranging from residential and office buildings to development sites. Among Lieberman's most significant achievements of 2012 was the $150-million trade of the Chatsworth, a 139-unit, prewar apartment property on Manhattan's Upper West Side.

 

Linday Ornstein, 35
Principal, Transwestern
In February 2011, Ornstein, together with Patrick Robinson, Transwestern's Northeast region president, founded the Northeast region for Transwestern by opening the firm's first office in New York City. Within two years of opening, Ornstein was instrumental in hiring over 50 professionals and opened offices in New Jersey, Manhattan, Connecticut; a Boston location will soon follow. At present, she's responsible for leading both the leasing and tenant advisory groups for the Northeast Region, as well as oversight of all marketing functions.

 

Check back with GlobeSt.com tomorrow morning for the other half of the roster.

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Paul Bubny

Paul Bubny is managing editor of Real Estate Forum and GlobeSt.com. He has been reporting on business since 1988 and on commercial real estate since 2007. He is based at ALM Real Estate Media Group's offices in New York City.