Director – Economic Development Services
Beth Zafonte has helped real estate developers, Fortune 500 companies, institutions, and other public and private businesses across the United States identify more than $3 billion in economic development incentives over the last 35 years. She has represented, Forest City Ratner Companies, Hearst Communications, JP Morgan Chase, Macy’s, Vornado, Bose Corporation, Whole Foods Market, and other clients in the food services, hospitality, retail, and manufacturing sectors. Her work includes obtaining incentives packages and real estate financing for large scale urban renewal projects and mixed-use developments, as well as for major corporate retention transactions.
Beth provides a broad suite of services and frequently consults on the structure, valuation, and negotiation of complex real estate projects. Clients rely on her as a project manager to oversee third parties, align stakeholders, and ensure project feasibility. Additionally, Beth has represented clients in real estate tax abatements, bond financings, sales tax exemptions, below-market-rate loans (including New Markets Tax Credit financings), EB-5 Immigrant Investor Program financings, tax increment financings, grants, and energy cost reductions. She is well versed in alternate financing sources and tax credit programs, including those available via special federal and state designated zones, workforce training grants, and other entitlement programs.
An active voice in the commercial real estate community, Beth serves on various committees for prominent industry organizations, including CREW Network and The Real Estate Board of New York. She is a long standing contributing member of both organizations. Beth currently serves as President of WX New York Women Executives in Real Estate.