Colliers International has promoted Joseph Caridi to COO of the New York Tri-State region. Caridi, who was previously vice president, joined the firm in late 2008. He handles day-to-day operations and oversees the production and revenue components, including brokerage operations and consulting services. He is also responsible for expanding service lines, recruitment, and the negotiation of corporate acquisitions and the creation of new offices. Before joining Colliers, he was an executive vice president of Newmark Knight Frank, becoming executive director of brokerage and advisory services in the New York Tri-State region in 2006. TRD [more]

According to new research from Colliers International that examines the global shipping trade’s varied impact on industrial property fundamentals in the nation’s ten largest seaports, industrial occupancy rates for commercial space in and around the New York City and New Jersey property markets appear to have stabilized. Based on their total combined square footage of existing commercial space, the ports of New York City and New Jersey represent one of the largest shipping hubs on the East Coast. “As global economic growth continues to gain momentum in coming months and years, we expect to see demand for industrial space follow suit throughout our region,” said Joseph Caridi, executive vice president for FirstService Williams, which will become the tri-state region’s branch of Colliers International at the end of April. TRD

From left: David Arena, Elizabeth Stribling, David Schlamm and Barak Dunayer

In the wake of the financial crisis that ripped through the country, real estate pros did their best to keep their heads above water in 2009. As 2010 commences, The Real Deal asked a number of New Yorkers hailing from different parts of the real estate industry why they are glad 2009 is over. Click here to see what they said is their top reason. TRD

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