Commercial Observer, the leading media and information services company informing and connecting commercial real estate leaders, has announced the release of its 2024 Power 100 list, its annual ranking of the industry's most influential players.
Recognizing the top 100 real estate leaders creating opportunity and reinvigorating transactions in a stagnant market
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With the commercial real estate industry still reeling from a fourth consecutive year of unprecedented change and market hardship, a surge in transaction volume was long overdue, and the winners of Commercial Observer's 2024 Power 100 list did not disappoint, closing some of the largest sales and leases in the market since before the COVID pandemic.
To compile the 2024 list, Commercial Observer's editorial team looked at companies and teams that forged ahead despite market volatility. The result is a list of the most proactive companies and business leaders who navigated turbulent markets by creating opportunities for themselves, diversifying their portfolios, entering new markets, building competitive teams and prioritizing partners and customers along the way.
“The commercial real estate market is experiencing ongoing market shifts, many of which are fundamental changes to how the industry operates. It's no longer enough to predict what's next; to come out on top, you need to see and create the opportunities,” said Observer Media CEO James R. Fryman. “What's truly impressive about our 2024 winners is the ingenuity and tenacity they've demonstrated. The real estate industry has a significant impact on the health of America's cities, and we're honored to recognize and celebrate the leaders behind the deals that continue to rise to the challenges with decisive solutions and bring renewed optimism to the market.”
“What began as a list highlighting the biggest names in the New York office industry has evolved along with the industry over the years,” said Commercial Observer Editor-in-Chief Max Gross. “Tough times for commercial real estate have called for innovation, creativity and forays into new areas to succeed. Today, our rankings of the most influential companies in commercial real estate span every major market across the U.S. and every asset class and segment of the industry. This year's honorees have taken bold steps to overcome market adversity, and their agility and sheer dedication to their business is bringing much-needed relief to the industry. Our Power series is truly a cornerstone of this publication, and while we're always pleased to honor those who power the real estate industry, it's especially important to recognize groundbreaking leaders when the odds are stacked against them.”
Highlights from the 2024 Power 100 rankings
The top 10 honorees are leaders who came to power outside of the real estate industry but who have had a profound impact on real estate market trends. They include some of the industry's most prominent owners, developers, financiers and brokers, as well as prominent business and political leaders.
The top 10 Commercial Observer 100 winners are:
• Stephen Ross, Jeff Blau and Bruce Beal, chairman, founders, CEOs and presidents of Related Companies
• Jerome Powell: Chairman of the US Federal Reserve
• Kathleen McCarthy and Nadeem Meghji, global co-heads of real estate at Blackstone (BX).
• Jamie Dimon: Chairman and CEO of JPMorgan Chase (JPM)
• Mark Holliday, Chairman and CEO, SL Green (SLG)
• Bob Faith: Founder, Chairman and CEO of Greystar
• Ralph Rosenberg: Partner and Global Head of Real Estate at KKR (KKR)
• Barry Sternlicht, chairman of Starwood (STWD) Capital Group
• Barry Gosin, Jimmy Kuhn and David Falk: CEO, president and head of investor relations and tri-state regional president for Newmark (NMRK).
• Jeff Sutton: Chairman and CEO of Wharton Properties
For a complete list of Power 100 winners, visit https://commercialobserver.com/power-series/power-100-2024/
About Commercial Observer
Commercial Observer is a leading commercial real estate media and information services company, delivering high-impact content, events and platforms designed to connect and inform industry players about the key trends and people shaping the global real estate industry. Commercial Observer reaches a national audience of the most dynamic property owners/developers, corporate occupiers, brokers, investors, lenders, leasing professionals, technology companies, public officials, contractors, architects, lawyers, accountants and other business owners and key decision makers who influence the trajectory of the building industry. The company delivers its coverage with the highest editorial standards, with a strong commitment to fairness and accuracy. Commercial Observer is a division of Observer Media, which informs and connects industry leaders in a disrupted industry to help them innovate, grow and make smarter decisions. For more information, visit www.commercialobserver.com.