Celebrating the Adept Dealmakers Behind the Industry’s Largest Transactions
Commercial Observer’s 2024 Breakthrough Awards will recognize the teams, deals, developments, and executives across asset classes and verticals who have succeeded despite economic and urban challenges. Awards will be presented to the winning team at the Breakthrough Awards Breakfast on December 3rd in NYC.
Announcing 2024 Breakthrough Awards Finalists
Deals & Transaction Award Finalists
Retail Transaction of the Year
- Saint Laurent’s lease at Aurora Capital Associates and William Gottlieb Real Estate’s 70-74 Gansevoort Street – Manhattan, New York
- Kushner, Fortress Investment Group, GreenBarn Investment Group, and Rithm Capital’s $415 million financing of Monmouth Mall – Eatontown, New Jersey
- RXR‘s 14,600-square-foot expansion at Pier 57, represented by Lee & Associates – Manhattan, New York
Industrial Transaction of the Year
- Cushman & Wakefield’s 61,000-square-foot lease for Otto Environmental Systems at 807 Bank Street – Brooklyn, New York
- Lone Star PACE and PeachTree Group for securing $13.4 million in C-PACE financing to retrofit a 500,000-square-foot industrial facility – Wichita Falls, Texas
- Savills’ 1.4 million-square-foot lease for Chedraui USA to develop a state-of-the-art distribution center at 12430 Fourth Street – Rancho Cucamonga, California
Residential/Multifamily Transaction of the Year
- BEB Capital, Totem, Ailanthus and SK Development for securing $143 million in financing for a mixed-use development at 737 Fourth Avenue – Brooklyn, New York
- Berkadia for arranging $400 million in financing through Madison Realty Capital for the construction of Six Fisher Island – Fisher Island, Florida
- The CenterCap Group for advising BH Management on its sale to Pretium in one of 2024’s largest private M&A transactions in real estate – nationwide
- Shoreham Capital, Bridge Investment Group and Berkadia for securing $157 million in financing through Fannie Mae for the acquisition of Mason at Van Dorn – Alexandria, Virginia
- Wells Fargo for being the buy-side M&A adviser and lead financing provider for Blackstone’s $10 billion acquisition of AIR Communities, including a $2.65 billion term loan and $4 billion in SASB CMBS transactions – nationwide
Life Sciences Transaction of the Year
- Breakthrough Properties for securing a 15-year, 230,000-square-foot lease with Pfizer Oncology at Torrey View – San Diego, California
- Longfellow Real Estate Partners for a lease deal in establishing Solvias operations in North Carolina’s Research Triangle Park – Morrisville, North Carolina
Project Awards Finalists
Sustainability Project of the Year
- Bank of America for financing The Helios Project, a transformative solar-powered 186 unit affordable housing development – Henrico County, Virginia
- Wells Fargo for structuring and bookrunning a $450 million CMBS offering to refinance The Durst Organization’s Sven, a LEED Platinum-certified, 71-story mixed-use development – Long Island City, New York
Adaptive Reuse Project of the Year
- Colliers for the sale and conversion of 152 West 36th Street from vacant Class B/C office space to a state-of-the-art self-storage facility – New York, New York
- DeSimone Consulting Engineering for converting 685 Fifth Avenue into Mandarin Oriental’s first exclusive residential property – New York, New York
- GFP Real Estate and TPG Real Estate for acquiring and transforming 222 Broadway from an office tower into an 800-unit residential building – New York, New York
Design & Development Project of the Year
- The Olayan Group, Rockwell Group, Gensler and Snøhetta for the transformation of 550 Madison from a single-tenant landmark into a multi-tenant, wellness-focused office tower – New York, New York
- Pacific Retail Capital Partners for developing District Galleria, a $2.5 billion transformation of a regional shopping mall into a dynamic mixed-use, transit-oriented district – White Plains, New York
Public-Private Partnership of the Year
- Bank of America for financing Luna Park, a senior-focused, 281 unit affordable housing development – New York, New York
- Newmark for their investigation of semiconductor sector assets across New York State, producing a pivotal report that guides policy decisions and accelerates investment in the industry – nationwide
- RXR and the City of New Rochelle for the opening of Two Clinton Park – New Rochelle, New York
Tech & Innovation Awards
Tech Advance of the Year
- Cherre for several key partnerships with leading real estate firms to increase the platform’s data management and analysis capabilities.
- HqO for their Real Estate Experience (REX) Platform that enables real estate owners and operators to optimize their spaces by providing critical information around the health and performance of a tenant’s experience in a physical space.
- Measurabl for the global expansion of their real estate sustainability platform.
- Placer.ai for its Nationwide Office Building Index, and retail and dining data, that have provided invaluable insights on foot traffic data at a pivotal time for real estate and urban planning.
- Savills for the development of Savills GPT, a groundbreaking generative AI tool created in collaboration with OpenAI.
- VTS for scaling its tenant experience solution, VTS Activate, by over 50% in the past year, now totaling more than 1.5 million users across 29,000 tenant companies across the globe.
Innovation in Residential
- Avdoo & Partners Development for the development of Bergen, a residential building designed by Taller Frida Escobedo – Brooklyn, New York
- DeSimone Consulting Engineering for their structural solutions in the design of Olympia DUMBO – Brooklyn, New York
- The Domain Companies for the launch of 420 Carroll, a new luxury residential tower and the first building developed through the Gowanus Neighborhood Rezoning – Brooklyn, New York
- Silverstein Properties and Cantor Fitzgerald for their development of 44-01 Northern Boulevard, a multifamily residential project featuring 25% affordable housing, 25,000 square feet of retail, and high-end amenities, including co-working lounges, a chef’s kitchen, and a gym and yoga studio – New York, New York
- Tankhouse for the development of 144 Vanderbilt Avenue, a groundbreaking residential development – Brooklyn, New York
- Tishman Speyer for the development of Edgemere Commons, delivering modern, affordable housing to the Far Rockaways – New York, New York
- Two Trees Management Co. for their new luxury residential tower at One Domino Square, part of their 2M SF waterfront development promoting world-class amenities centered around community and wellness – Brooklyn, New York
Innovation in Industrial
- Alterra IOS for the redevelopment of 6110 Passyunk Avenue from a 5-acre Industrial Outdoor Storage site into a state-of-the-art soil remediation facility – Philadelphia, Pennsylvania
- Greek Real Estate Partners, Advance Realty Investors, and PGIM Real Estate for the Linden Logistics Center, a 2.5-million-square-foot Class A warehouse complex – Linden, New Jersey
Innovation in Office
- The Olayan Group, Rockwell Group, Gensler, & Snøhetta’s reimagining of 550 Madison into a LEED Platinum, WELL Gold-certified multi-tenant office – New York, New York
- RXR for the RXO Program, a tenant experience program that offers a variety of services and amenities to tenants of RXR office properties.
- Sage Realty for the launch of Sage Connected, a mobile app that has redefined tenant and member interaction.
Team Awards Finalists
Top Financier of the Year (Banks)
- Bank of America
- Bank OZK
- Citigroup
- Goldman Sachs
- JPMorgan
- Morgan Stanley
- Wells Fargo Commercial Real Estate
Top Financier of the Year (Non-Banks)
- Kennedy Wilson
- KKR
- Maxim Capital Group
- Nuveen Green Capital
- RXR
- Starwood
- TYKO Capital
Law Firm of the Year
- Cadwalader
- Fried Frank
- King & Spalding
- Kramer Levin Naftalis & Frankel LLP’s Real Estate Practice Group
- Rosenberg & Estis, PC
Architectural Team of the Year
- Gensler
- KPF
- Pickard Chilton
Presenting Sponsor
TYKO CAPITAL
Sponsors
Alterra Property Group, LLC
AVDOO & PARTNERS DEVELOPMENT
bank of america
Colliers
THE CENTERCAP GROUP
DeSimone Consulting Engineering
Fortress Investment Group
Fried Frank
GFP Real Estate
GREENBARN Investment Group
J.P.MORGAN CHASE
keyway
King & Spalding LLP
Kennedy Wilson
KRAMER LEVIN NAFTALIS & FRANKEL LLP
Kushner
Measurabl
ROSENBERG & ESTIS
rithm
RXR
Savills
Silverstein Properties
Turnbridge Equities
WELLS FARGO