Winston Fisher

What real estate or tax policy would you like to see from a Trump administration?

Elimination of the SALT deduction cap, which unfairly hurts New Yorkers.

Let’s talk about office. Is the worst over?

It’s a tale of two cities. For Class A buildings in prime locations, landlords have pricing power. In challenged submarkets, there’s very little demand.

Let’s talk about retail. What’s the kind of tenant you want? 

It varies by location, but you want to create a curated tenancy where each retail tenant helps drive collective demand.

Which market (outside of NYC) do you like best? 

I’m very bullish on Las Vegas. The AREA15 district is expanding and looking forward to more growth in the future. There’s also incredible demand for new multifamily.

What’s going to be your biggest expense in 2025? 

We continue to monitor the insurance market and the impact of climate change on premiums long term.

How’s the financing climate for new development and redevelopment — hot, cold or just right? 

For good projects with good sponsorship, there’s money available. As a developer, I’d always like to see it more robust with more competition.

Lightning Round:

Your social media of choice?
Instagram.

AI: Helpful in CRE or a fad?

Helpful.

Last movie you saw in a theater?
“Deadpool & Wolverine.”

You’re going on a six-month expedition into the Amazon rainforest. What’s your last meal before you get on the plane?
Sushi.

Tesla or BMW?
BMW.

If you could partner with one person in the business on a property, who would it be?
Bernard Arnault.

What are you tired of talking about?
Return to office.