CUNY TV's The Stoler Report: Recent Episodes
CUNY TV
The Stoler Report, Real Estate Trends in the Tri-State region, is New York's only television broadcast featuring real estate and business leaders. Hosted by Michael R. Stoler, the monthly program features lively round-table discussions of topical issues in the world of real estate. The series has aired on CUNY TV since 2003.
Calling mass transportation and infrastructure the life-line to the city, guests discuss the projects and impact on New York and surrounding states of the Congress approved, $1 trillion Infrastructure Package: Penn Station and direct access from Grand Central, Gateway, Second Avenue Subway, road, bridge, tunnel repairs, and more. The use of Eminent Domain is discussed.
Called visionaries, described as "larger-than-life" leaders, Kenneth Langone and Dr. Robert Grossman talk about the restructuring and transformation of NYU's traditional medical school and hospital to an integrated medical center. Guests describe the NYU Grossman Medical School's free tuition, three-year medical program and the ambulatory based system, named the #1 Hospital in New York.
Guests discuss office properties post pandemic: the increased activity in small/medium size entrepreneur space, with a 90% occupancy, a 20% decrease in rents, workers in the office 4-5 days a week; properties whose leasing volume has climbed back to 80% and "flight to quality" buildings stressing their green standards and amenities, whose hybrid work-force has seen a 50%-60% return to work.
Guests comment that while the land market has done surprisingly well in the first half of 2022, how the year ends is of concern, considering higher interest rates and no 421a. Developers discuss current and long term projects, the positive effects of midtown rezoning, Coney Island, the Ferry, Long Island City, and Florida.
Be cautious! developers and bankers agree when considering development of various asset classes: industrial, retail, rental, office. Be selective! consider space, location, cost of building, cost of lending. While deals are being made: industrial is hot, multi-family/rental, food-anchored locations continue to be strong in New York, guests agree these are cautionary times.
Noting the slow-down in the residential and for-sale markets: rates have almost doubled, buyers are holding off and sellers are tying to figure it out, guests comment that the market is changing. Demand is steady in the Hamptons; supply is limited. Westchester's residential markets are stable; office markets - fairly stable. Health care/hospitals/bio-technologies are booming industries in Westchester.
Guests describe this year as "one of the best!" noting that New York is coming back, despite the 421a kibosh on new construction; Westchester/Fairfield County-pockets of opportunity; free market/market rate properties are doing well; condos are returning to the market; private money is coming back to New York; land prices have rebounded. Challenges: the expense of C & D office market conversions, retail, hospitality and the impact of unions.
Discussing the future, seeking opportunities and new family leadership, Josh Muss looks at Manhattan office space, transportation, hospitality and jobs, describing New York City as the center of technology, medicine, education, culture, student life, declaring "there's always a job in NYC, especially for young people."
With various sources available to finance real estate: traditional lending, alternative lending and a membership-based brokerage service, guests discuss the differences and similarities of their industry and the importance of Fannie Mae/Freddie Mac loans.
Historic One Times Square, where millions come to celebrate New Year's Eve, has been for many years - an empty shell! The building is experiencing a multi-million dollar redevelopment, benefitting the area and creating a "go-to" for tourists. Guests discussed the living / business opportunities in the Hamptons, increasingly a year-round community and Suffolk County, whose attractive tax rates and support of local leaders, is of interest to developers.
Bankers agree that their focus is on support of their clients and sponsors, as they discuss a slow-down in 2022 markets, as rising interest rates - low for so long - question what real estate assets will provide lower risks to the investor. Guests comment on the greater risk in the C and D office market, some risks to multi-family and industrial assets, and their interest in limited service hotels and neighborhood retail.
Guests are optimistic! New capital and foreign reinvestments are returning to New York; rents have stayed strong in Brooklyn; commercial projects are doing well; and smaller projects in the boroughs are booming. Guests discuss buyers coming into New York with "long-term" commitments, as an example of their confidence in New York's future.
It's taken a long time for Inwood, the northern most neighborhood in New York City to be open to development. As rezoning and court cases have been settled, guests discuss development that the Inwood community will experience: new parks, libraries, affordable and market rate housing, additional retail, supermarkets through the Fresh Program and community space.
Guests discuss the Rockaways - a hidden gem - and the areas' long journey from an urban wasteland of multi acres of vacant land, through rezoning, mapping to rental apartments, two-family homes, shopping center and a YMCA, along with new development centers of affordable housing and the "bungalow," for entry-level and second home buyers, and more, all designed to encourage community living.
Guests describe Connecticut's outlook as increasingly pro business: "heads'n'meds, with great universities, bio-tech research, medical facilities; the development rebound in Eastern Fairfield County: housing, financial services, medicine. Discussing future challenges: guests listed interest rates, keeping buildings fully rented, tenants seeking smaller office space, as employees continue to work from home, and the difficulty in financing retail and office projects.
Lots of things are happening in Westchester! After a decade of no/slow development, the County is experiencing growth in multi family development, an increase in major hospitals, and other diversified expansion. Suburban office occupancy is now close to 75%; migration to the suburbs has encouraged residential development in close-to-the-city, Westchester and Stamford. Guests discuss New Rochelle, Yonkers, Port Chester and Affordable Housing.
Considering the times we live in - 2021 and early 2022 were excellent years for the investment sales business. War in Ukraine, inflation, rising interest rates have impacted the industry. Guests agree: the world is shifting. Rental markets are doing well; land sales are active; private clients are buying rather than large institutional buyers. The C & D office market is very tough-but attractive. All are looking for government partnerships to significantly increase the supply of housing on the market.
Changing jobs during a pandemic can be risky. Guests discuss their changes, from retail leasing to mortgage broker, from accountant to banker, and challenges to the future of their industry. As restrictions are relaxed, guests are optimistic about retail, the Long Island market, Gowanus, Harlem, the economy coming back, and the returning to the office.
Real estate developers and bankers discuss successful projects currently being developed on Long Island. With City endorsement, new projects are in construction after remaining vacant for 40 years - Long Beach - rentals and condos; Westbury - luxury condos and rentals - upgraded amenities, supporting a no maintenance life style. Banker discussed industrial properties, senior living, transit-oriented projects and repositioning of assets.
Hoping that the years-long effort to rezone the Gowanus is coming to fruition, guests describe their commitment to the Gowanus Canal, and their views of the location as the focus of development in Kings County, creating market rate units, affordable to low-income and working-class families, mixed use commercial, industrial space, schools, spurring business and job growth.
Sports betting, in New Jersey, a thriving billion dollar business, is the third largest business of its kind, on the globe!! To date, 30 states, including New York, allow sports betting. New Jersey's tax rates of 8% to 15% are discussed as reasonable compared with New York's extraordinary 51% on transactions. Guests discuss Esports , brick & mortar casinos, gambling habits and the industry's role in addressing responsible gambling.
The sale of medical and recreational cannabis is legal in New Jersey. Considering legal cannabis as a social equity business, an opportunity for ownership and employment for low income entrepreneurs, guests discuss the challenges to all who may be interested in this enterprise: licensing, communities - welcoming and not welcoming - the trade to their communities, the extraordinary difficulty in banking, and cumbersome tax structures.
Guests discuss New Jersey's Gold Coast and the housing boom in Hoboken and Jersey City, continuing in Journal Square and the Cliffs. While demand is high, supply of residential properties is low, especially of Affordable Housing as municipalities are slow to approve new projects. Building support of Affordable Housing in volume is limited to the highly competitive and limited supply of federal tax credits. Greater support is needed. Senior housing, malls, walkable-downtown development is reviewed.
The Garment Center - convenient to transportation - is working its way westward, from 42nd Street to about 34th Street - attracting tenants to the area's magnificent Art Deco and steel and glass buildings, to the popular Bryant Park, and to relative bargain rents. The area is trending upward; on a modified basis, people are returning to work, amenities are being enlarged and improved.
Despite the challenges associated with multi family real estate, a regulated business in New York, guests are positive about New York "coming back strong," and in investing in this interesting asset class. Developers discuss an extension or new 421a program, vital to New York's future, Independent, Assisted Living and Senior Housing. All support the conversion of hotels to rentals - acknowledging that it was "easier said than done!"
Celebrating a new year, a new administration, guests anticipate a good year for residential development, citing capital available for public/private partnerships to develop affordable housing. Guests discuss the tax credit issue of the successful Affordable New York Program-421a, land acquisition and pros and cons of areas considered for development: Harlem, Coney Island, Gowanus, East New York and more.
Business leaders: a realtor, bankers and a tax expert, consider "where we're going in 2022!" Bankers see another good year in financial services, but are a bit uneasy with acquisitions and real estate investments. Guests discuss the increase in bank mergers, tax legislation, the future of 1031s, interest rates and inflation. Careers and opportunities in banking, accounting and finance are explored.
Considering the future - a new year, new administration - guests foresee an aggressive continuation of bank mergers as opportunities to extend their footprint in the market. Bankers discuss the effects of LIBOR, Fannie Mae & Freddie Mac and interest rates, rent stabilized, multi-family buildings, cannabis shops, and vacancies and downward rents in New York's high rent areas.
Consulting guests and his Crystal Ball, Michael Stoler determines that "retail is booming." Food and beverage wellness concepts, wellness brands and services are coming to New York, some to integrated commercial space with food halls, fitness establishments and more. As business improves, foreign investors, new brands are looking to return or enter NYC's markets. SoHo, Broadway, brick & mortar businesses, repurposing malls and shopping centers - all discussed.
John Catsimatidis, optimistic and enthusiastic about New York's future strongly believes in "spreading the risk" and diversified investments. Guest discusses various real estate asset classes: retail vs. condo, the grocery business and unions, the industrial market, bio-sciences and Florida.
Developers, owners, bankers - very cautious when considering new hotel construction in New York City, describing the price of land, availability of supplies and hard-to-come-by labor. Guests discuss the popularity of limited service hotels versus conventional establishments. Financing is hard to get as the banks' hotel portfolios are still under stress.
Guests discuss opportunities for commercial real estate in the New York Metro area and in northeast Florida, particularly the just under A-quality industrial and multi-family classes in NE Florida. Others focus on condos and risk-adjusted return investments in condo inventory. Also reviewed: the return of foreign investors; New Jersey and Westchester, commutable to New York; senior and affordable housing; technology and life science - long-term to success but important to New York's future.
Guests representing real estate asset classes and public accounting discuss aspects of the hospitality industry incorporated into the office market. In addition to renovated lobbies, clients look for amenities not usually seen in commercial buildings. Also discussed, residential and mixed-use properties in emerging markets in Brooklyn and Queens.
Guests discuss the ups and downs of the New York office market. An encouraging uptick in some portfolios is due to the number of employees returning to the office. Leasing and rents remain an issue of location and supply vs. demand. Newer quality buildings are most in demand; question is - what is the future of obsolete buildings? Co-working spaces, flexibility leasing, clustering, zoning - all considered.
Guests comment: It's a buyer's market OR a seller's market - depending on where you are and what you have to sell! Condos are attracting parents buying for their children, who are moving east; Coops are less attractive as Boards can be difficult to deal with, and Townhouses appeal to families, as these facilities provide more space and more privacy. Brooklyn and Queens markets have been an alternative to Manhattan; Staten Island is difficult to develop, and the Bronx provides homes to renters.
Builders, developers declare "the Hamptons are on fire," fast becoming a year-round residence, and facing issues common to many growing areas: traffic, described as "unbelievable;" affordable housing, proposals to build face opposition; and overcrowded schools. Land is scarce and building approvals are hard to get. Real estate is booming, restaurants are staying open as long as possible.
Chefs, owners, restaurateurs are starting to see "folks coming back to the restaurant!" Still unfilled offices remain a problem but New Yorker's have shown great support by generously accepting Covid sur-charges, outdoor dining, and fund raisers. Current challenges: scarcity of labor has caused limited hours/days open; broken supply chain, products not available, menu changes, erratic deliveries, difficult landlords and higher prices!
As more and more workers return to offices and as representatives of an essential service, working to keep real estate from becoming a transmission site, guests discuss their comprehensive approach to cleaning and disinfecting facilities, designed to protect and reassure workers and tenants. Improved technology: temperature scanners, electrostatic spray cleaners; science: universal vaccinations and testing are essential.
Industrial is ranked #1 as a real estate asset class and a highly sort after commercial investment. E-commerce sales and demand for over-night and even same-day delivery are driving "last mile" industrial facilities. Space for hard core industrials: garbage trucks, waste-recycling, parking, light manufacturing is not available. Labor shortages, scarcity of land, rezoning, building conversions, multi-story facilities are discussed.
Guest says that to do business in New York, you have to be able to "ride the waves - to absorb the ups and downs." Long-time colleague and friend, Jeff Levine, bullish on New York's future despite 9/11 and economic disruptions, reviews his early ventures in Williamsburg and West Chelsea (now Hudson Yards). Working with social service agencies, Levine builds senior housing, homeless facilities along with affordable and mixed income apartments.
Guest sites January 2021 as the beginning of a very active real estate market. New York City residences, looking to purchase their first apartments, showed interest in studios and one bedrooms; larger apartments followed. Tenants are slowly returning to Class A office buildings; Class B/C tenants are still working from home. Guest believes tenants have greater opportunity to negotiate deals.
New York City's population is growing, along with the need for affordable housing. Guests - developers and lenders - commented on the challenges of acquiring land, construction costs, rezoning, the importance of sponsorship and thoughtful business plans to successfully develop and build much needed housing. The energy and support of HPD to preserve and build new affordable housing is discussed.
Noting that more deals are going to contract and that they're "doing OK," guests are confident that Covid-19 and the Delta Variant, countered by the booster, social distancing, and vaccination will have only a small effect on future sales. Guests discussed the rental market, citing opportunities in hospitality and multifamily, bio-science, and quality office buildings.
Guests describe the office market as "very, very busy" but "tough on landlords!" Business is returning but with working from home, tenants are renting less space. The tenant-friendly residential market continues to offer concessions, while online viewing helps renters shop space, price and amenities. The 2019 Rent Laws and Covid have spurred real estate to move south, seeking less bureaucracy and restrictions on their business.
Discussing the attraction of transit-oriented properties to buyers/renters, guests site easy access to New York City, and restaurants, culture, entertainment at home - creating urban/suburban community living. Creative master plans vs "hard to do business in New York issues" make the suburbs attractive.
"There's a lot going on out there," says host Michael Stoler, as guests discuss the strengths of Long Island's real estate market: the residential markets, industrial properties, and assisted living facilities. Hospitality is substantially better, but along with retail - still a challenge. The office market, while not robust, has show remarkable resilience.
Restaurateurs, owners, and attorneys - bullish about the industry's future as restaurants re-open in New York - discuss donating meals to health care workers, keeping a family business alive, the vaccine, the Restaurant Revitalization Act enabling re-hiring, and lenders' and developers' support to those presenting sound business plans.
Guests, with long histories and commitments to New York, discuss the post-pandemic comeback. The vaccine roll-out has increased confidence, enabling people to return to offices. Returning tenants are evaluating space needs and owners are repositioning, modernizing and improving the environment of many of their buildings with amenities, out-door space, refurbished lobbies and elevator cabs.
To date, numerous states have legalized the medical and/or recreational use of cannabis, developing profitable businesses in healthcare, pharmaceuticals, consumer goods, and agriculture The federal government has not yet enacted legislation that would end the prohibition of cannabis, removing its listing from the Controlled Substances Act. Guests describe the legal gray areas currently burdening the cannabis industry: banking, exces
Guests from the banking industry note that while the process is just beginning - we are coming out of the pandemic! Recovery has been faster than many expected; some retail and most stable assets nearing pre-pandemic "normal." The office market is still lagging as companies are evaluating the repopulation of their offices. Too high luxury retail rents have been falling, and some retailers are going into brick-and-mortar. Note-on-note financing discussed.
Condo Market numbers are up! Virtual tours, pent-up demand and the vaccine are spurring in person visits. Guests discuss the increased number of signed contracts, many on larger units with upgrades. Coming out of Covid-19, financing is still a challenge.
James Kuhn has experienced various cycles during his long real estate career - all related to imperfect financial, banking or tax systems. COVID-19 is a health-care crisis, different from all the rest that, in the end, a healthy company could survive. Discussing New York's resurgence, Kuhn notes the city's commitment to bio-science, having the ingredients necessary to advance the industry; the growth of Industrial operations; the importance of Public/Private cooperation and the significance of Retail to the future.
Rentals are now moving, there's a pent-up demand, buyers are coming up to seller's price, greater activity as Covid-19 figures improve. Business is a "coiled spring, a rattle snake, ready to strike," is a guest's dramatic description of the improvement in the rental market. Investors describe New York's market as fragmented; institutional investors are coming back.
Tax experts discuss the SALT Cap Workaround, available to partnerships and S corporations, comprised solely of individual partners or shareholders. This workaround will enable those businesses that qualify, to deduct from their federal taxes, the $10,000. cap on state and local tax deductions, imposed by the 2017 Tax Reform Act.
Unable to host large gatherings due to the pandemic, forced to limit the number of people visiting the North Fork vineyards, guests describe their efforts to stay connected with customers with reservations only visits, wine education tours, small, private gatherings and selling wines directly to consumers. Guests discussed organic wine, sustainability and the next generation of wine makers.
Due to Covid-19, the energy that drives New Yorkers was, according to Scott Rechler, temporarily "on pause." Accelerated vaccinations and increased technology have prompted office market recovery plans that include full time and hybrid work models. E-commerce, recovery in the rental market, urban & suburban interconnects, property conversions for industrial use - also discussed.
Guests discuss the development of facilities dedicated to the growth of the bio-science industry. New York - with public/private support, academic talent, and space, is seen as an important hub for this industry. The Taystee Lab Building - a 355,000 square foot facility in Harlem, located between Columbia and The City College is one example of new construction. Additional locations, some new and some conversions, also discussed.
Guests describe plans to provide the office market with the "best-in-class" office buildings. By comparing the office of the future to a hotel, where hospitality, security and support staff are in touch with tenants, they are creating a tenant-friendly environment, bringing business owners closer to occupants. Park space, restaurants, enhanced technology, flexible schedules, part of many plans.
An industry deeply affected by Covid-19 is hospitality. Banks and clients explore ways to stay in business: converting to rentals and office space, creating private dining rooms; landlords have been supportive of restaurants; ghost-kitchens, take-out, pop-ups are doing well. Leisure travel and personal events are expected to return sooner then business travel.
Discussing various real estate asset classes a year into the pandemic, guests see hopeful signs of increased activity in the multi-family market and, product-by-product, in industrial space and the office market. Employees returning to offices would be most beneficial. Retail, luxury condos, and hotels may continue to be challenged but it's a time to be cautiously optimistic.
Uncertain describes today's office market. A 15% occupancy, coupled with a year-long work-at-home tenant has led to a soft office market. Guests expect tenants to carefully re-evaluate space needs. The Garment Center shows a small come back, PPP is helpful, but "C" & "D" office buildings and small tenants have difficulty getting financing. Co-working, life sciences, political and safety issues discussed.
Discussing retail, guests are reasonably optimistic, noting "We're doing business!" In response to the pandemic, drug stores, supermarkets are doing well; restaurants are coming back with the vaccine, eased restrictions and government assistance. While the future of small businesses is not secure, retailers are hopeful that consumer's pent-up demand and unspent resources will help the industry.
Banks with significant liquidity look to lend to successful condos, rental projects and assisted living developments on Long Island. LI residential markets are robust, as the local population can successfully sell their homes, many to New York City residents, anxious to leave the city. Guests discuss the office market, retail and hospitality, areas where the vaccine and government stimulus play a strong role in future success.
Attorneys, specializing in real estate and in general practice, discuss current issues affecting clients: rent relief, the importance of government PPP programs, and working remotely. Guests site future real estate opportunities in malls, big box spaces, retail; in foreign markets and foreign investors and in transactions in the hospitality industry.
The hospitality and tourism industries, historically contributors to New York City's economy, came to an almost complete halt in early 2020. Guests discuss how they are adapting, making changes, the vaccine, confident that these businesses will come back better than ever. Clients applaud landlords and banks for working with them; banks praise PPP, providing liquidity and stability, though lenders wait to learn that these loans will be forgiven before seeking any PPP support.
Leaders of long-established family businesses candidly discuss their children joining the business, bringing new ideas, points of view, and even changes in direction, that have been beneficial to their companies. Recalling their own uneasy experiences working with their parents, these leaders welcome new ideas, encouraging shared business conversation.
Children of leaders of long-established operations discuss the challenges of joining the family business. Many bring new thoughts, allowing companies to thrive when open to considering and integrating new ideas. A major challenge is keeping home life separate from the business.
Developers see opportunities and bankers are willing to lend to real estate projects in Westchester. Guests review Westchester County as an alternative to New York and Long Island City: less dense, less expensive, more amenities, larger units - at a fraction of the costs to developers and to the public. All are bullish on Yonkers, New Rochelle, White Plains; with Port Chester of interest for affordable and market rate developments.
Guests are optimistic about 2021, expecting low growth in the first quarter, with gains in the second half. Hope is that the Covid-19 vaccine will encourage workers to return to the office. Guests discussed the renter's market, multi-families, and New York - not so politically friendly attitude toward real estate.
Guests discuss sections of the 2021 Federal Stimulus Package effecting small businesses and individuals: tax extenders (tax credit extenders), short-lived, some permanent, taxes on 2020 PPP loans, and unrelated Covid matters - all a part of this omnibus bill. Many parts of the bill: loan forgiveness, eligibility, administration still require clarification. Pt 2.
Analyzing the most important elements of the Consolidated Appropriations Act, 2021, guests discussed the non-tax and tax portions of the act: second-draw of PPP loans, extension of unemployment benefits; on the tax side: the Covid Related Relief Act and the Tax Payer Relief Act of 2020. Confusion over rules: how to and who will benefit from this large tax-related bill still unclear.
Guests discuss a trend in investment sales to seek transactions outside of New York. Spurred by overbuilding, the fiscal and political crisis, as early as 2018, New York/New Jersey real estate buyers have been attracted to Maryland, Texas, Louisiana, the Carolinas, and Florida. With investment sales down 66% - 2020 has been a difficult year. All - are looking forward to a better 2021!
To help renters affected by Covid-19 stay in their homes, civic minded realtors developed and support Project Parachute, offering counseling, advocacy, education, financial assistance to those in affordable housing facing a housing crisis. Guests working with Project Parachute discuss NYCHA projects and hopes for a better 2021.
Looking to the future, bankers, committed to their communities and local businesses discuss PPP - the importance of government support programs to future growth and stability, the importance of careful assessment of lending risk - business plans, liquidity, company stability and customer loyalty.
Alternative lenders discuss the availability of money to lend in an unpredictable market. While banks are more conservative, the refinancing and acquisition markets, with good business plans and equity are being explored. People are returning to the city. There's light at the end of the tunnel.
PropTech: a merging of technology and infrastructure; an industry with explosive investments- last year - exceeding $9 Billion. Builders, bankers, developers describe the value of integrated systems, providing entertainment, enhanced security, safety and information to clients and customers.
Discussing how they successfully met challenges to growing their business in the midst of Covid-19: retraining, the even greater need for on-the-job safety; creative use of technology, webinars; communication with employees and clients, and working from home - each guest applauded their employees for their loyalty and productivity!
Leaders of NYU Langone Health discuss recruiting - during the pandemic - of physicians from various communities, thus bringing increased care and services to a greater number of people and neighborhoods. Guests discuss the expansion of virtual care for patients and virtual rounds - a tool, enabling better communication among physicians.
His Crystal Apple looking a little shinier, Michael Stoler and guests discuss a brighter future. Sellers are holding their properties, looking for a rebound in the market; industrial properties are popular but scarce; tenant concessions are useful in closing deals; and hotel and mall conversions are being considered, going forward.
Businesses are trying with varying degrees of success to keep their doors open. Guests, representing the food industry, accounting and construction, talk about how they adapted to the Covid-19 challenge: with virtual events, seeking clients, communicating with workers and clients; some furloughing workers, some able to keep all their employees; some hoping for the next round of government support.
Many businesses have experienced significant difficulties due to Covid-19. Guests representing finance and real estate operations discuss the challenges they currently must overcome, along with their vision and plans for the future.
While lending is still strong in New York for well financed, multi-family projects, bank representatives discuss an institution's caution when underwriting real estate asset classes like retail and hospitality. New construction loans are negotiated with clients familiar to the bank.
Realtors, experiencing a greater than usual interest in the suburbs, spurred by the number of Covid-19 cases in urban areas, discuss a shared concern - will the influx last? Low interest rates and banks, cautiously ready to lend, are part of the conversation.
Developers, non-profits and the "man with the money" discuss community development, a coming together of government agencies, lenders, equity investors and mission-bound non-profits in a partnership between the public and private sector. Focusing on affordable housing, guests discuss their programs in conjunction with NYCHA.
Despite the pandemic, some industries: groceries, drug stores, heath care services are doing well. Retail, hospitality, restaurants - are particularly challenged by Covid-19. Noting that retail is not dead; some old and new restaurants will open and tourism will rebound, guests discuss negotiations with new and old tenants, including concessions, graduated rents, and rent-free months.
Real estate brokers, owners, operators - long term believers in the vitality of New York City - discuss efforts to keep their tenants, loosing some and negotiating with others, and developments in Westchester County for those considering suburban and New York City office space.
Covid-19 brings New York's residential markets to a crisis: a decline in rents, largely in affordable multi-families with work-force tenants. Guests discussed fair market renters, many having left apartments and the city to live with parents. Will they return? Colleges are closed, causing a decrease in renters. Challenging!
Optimistic about the future of New York's economy, guests discuss the current state of real estate activity: market rate rents, stable vs affordable rent collections, lower but improving; hotels: occupancy still poor, conversion to housing, being considered; the studio business: strong demand, robust; life sciences: a growth industry!
Information and communication technology are essential to business, education, health and everyday living. Guests discuss Data Centers, dedicated space, built to provide remote storage, computing and the exchange of large amounts of data, and the industry's real estate needs.
In Part 2, bankers discuss real estate investment opportunities in 2020, including industrial/warehouse properties, food-anchored, small strip malls, and the suburban office market. The challenge of this investment is will more or less space be required as workers do or do not choose to work from home.
Guests discuss money, banking and real estate financing, describing March/April as "pretty dark days," and commenting on positive effects of the government's intervention. Even with government help, borrowers are suffering. How long can loans be deferred; how to prepare for the third and fourth quarters - issues discussed. Pt. 1
In Part 2, guests discussed major present and future challenges posed by Covid-19 to the real estate industry. Co-Work/Co-Living facilities are questioned; working from home vs returning to an in-office community; the rental market; the movement to the suburbs; will lower prices make acquisitions more inviting.
Guests discuss the ongoing challenge to hospitality, to retail and to other asset classes during the pandemic. Internet shopping will continue to lead retail; outdoor dining, box lunches will help hospitality. The white-tablecloth restaurant is hurting; rent deferments, loan extensions, underwriting, concessions are examined.
Developers, owners, asset managers discuss New York's unique neighborhoods, attractive to condo buyers as their home, and to others, as an investment. Queens, Astoria, Long Island City, Upper Manhattan represent different markets, different products and different price points.
Reviewing 2019's rent laws, guests noted the positive effects to their industry, including steady income and commitment to a long-term investment. The Bronx - a leader in affordable housing, is seen as a good investment - with some problems: retail, still a Mom & Pop operation.
In Part 2 of their discussion of senior housing facilities, Michael Stoler and guests consider the adaptation of former hotels and malls, particularly in large urban areas. Top chefs, varied activities and programs, location - important when selecting senior housing, along with new technology, cleaning techniques, space division, staff dress - due to COVID-19.
In 2018, 16% of the US population was reported to be over 65 - leading guests to talk about the growth and development of senior housing facilities throughout the country, centering on different levels of care and services from Independent Living, Assisted Living, to Memory Care/Specialized Care. Part 1.
Good news in difficult times from a less-glamorous real estate asset class, the Industrial Market! Converting and re-converting properties from retail to industrial has enthusiastic lender and tenant support. These facilities are also attractive to life sciences, bio-tech and studio production companies.
Part 2, focusing on the pandemic and real estate, guests discuss the future of working from home - some love it, some don't, the hotel industry - when hit hard, historically, comes roaring back, and the benefits of Co-Working, Airbnb - more stringent cleaning policy, Florida, and multi-family/affordable housing.
Describing COVID-19 as an emotional waiting-game and noting that businesses are trying to "hold on," guests discuss new demand for warehousing and plans to re-imagine The Mall - less retail - a more diverse use of space: work, live, food outlets, medical offices, life science facilities and more.
Continuing to discuss the pandemic and the office market, guests suggest we "wait and see," recalling the fears and hopes after 9/11, another extreme event. Consumer confidence - concern about going back to work, increased cleaning protocols, mass transportation, issues to be considered.
Guests discuss the effect of the "new normal" social distancing, on the future of the office market. "Zoom is a great supplement," but not for all companies, special cleaning, reconfiguration of elevators, work space, increased technology to support distancing - all part of the future.
Continuing to discuss the pandemic's toll on the hospitality industry, panelists who participated in government aid programs were unsure of the "forgiveness" component of the program. Looking to the future and to the industry's recovery, all agreed "It's going to be a challenge." Part 2.
Host Michael Stoler discusses the toll of the pandemic on the hospitality industry with hotel financiers, bankers and hotel developers - each expressing varying degrees of optimism for the future, along with concerns about costs, particularly special cleaning/operating of facilities, and loan payments.
Looking ahead to reopening, guests discussed masks, gloves and respect for social distancing to help retail get back to business. Though the pandemic has accelerated internet buying, the future of retail is the internet and brick and mortar stores.
Continuing their conversation, Michael Stoler and guests chefs and restaurateurs David Burke and Michael Lomonaco and restaurateur Drew Nieporent discuss the decimating effect of the pandemic on catering,both in-house and at hotels and the Paycheck Protection Program and various grassroots, not-for-profit fundraising efforts in support of industry employees. All agreed they had "no clue" how many and in what form the restaurant business will return.b
Michael Stoler discusses the Restaurant Business in the Midst of Pandemic with Restaurateur & Chef David Burke, Restaurateur & Chef Michael Lomonaco and Restaurateur Drew Nieporent.
Michael Stoler continues his discussion from the previous episode on "Business and Real Estate in the Midst of the Pandemic" with guests Ofer Yardeni of Stonehenge NYC and Jeffrey Levine of Douglaston Development, Levine Builders and Clinton Management.
Michael Stoler discusses Business and Real Estate in the Midst of the Pandemic with guests Ofer Yardeni of Stonehenge NYC and Jeffrey Levine of Douglaston Development, Levine Builders and Clinton Management.
Michael Stoler discusses Only Brooklyn with guests: Ofer Cohen of TERRA CRG, Jared Della Valle of Alloy Development, David Ehrenberg of Brooklyn Navy Yard Development Corporation and Dave Lombino of Two-Trees Management Co.
Michael Stoler discusses challenges of operating a retail business in New York City with guests: James Famularo of Meridian Retail Leasing, Morton Sloan of Morton Williams, and Nelson Braff of Hunt & Fish Club NYC.
Westchester County, New York. Michael Stoler and guests discuss the pros and cons of buying and developing in Westchester County, where the great opportunity is, and what the 2020 outlook may be.
Major changes in laws governing investments in Opportunity Zones were announced in April 2019. Michael Stoler and guests break down what an Opportunity Zone investment is, how the new laws will impact current and future investors, and why Opportunity Zones are a recent favorite topic of The New York Times.
E-commerce is creating a major dent in the success of retail in the U.S. and within the region. Nevertheless, people continue to shop at retailers and retail is striving under different terms and conditions. This week on The Stoler Report, real estate owners, developers, brokers and lenders provide their thoughts to the current state of retail.
What can we expect to see for the state of commercial & residential real estate in 2020.
Hear from real estate executives provide their insight on the state of the market in light of the economy, internet, election and the market.
Listing the Real Estate Tax-2019, minimum wage laws, consideration of a Climate Tax on buildings 25,000 square feet or more, a pied-a-terre tax, guests asked if New York has turned the corner and is not hospitable to doing business.
The Bronx continues to attract attention and generate conversation among developers, owners, lenders and investors-domestic and foreign. Noting the boroughs' great roots, good transportation, competitive land prices, guests discussed multi-family housing, commercial real estate and the health care industry's interest in The Bronx.
Commenting on productivity in 2019, bankers representing real estate, retail, office markets described the year as a good-not great year; active, good volume and competitive. Multi-family, transit oriented rentals, a robust Brooklyn - of interest in 2020.
Father and son candidly review their many years working together, talking honestly about the good times and how they dealt with the not-so-good times. The pain and joy when transitioning out of a business you've led for more than 50 years is also discussed.
Many remember Bush Terminal, the Navy Yard and similar industrial areas as primarily manufacturing sites. Today, these industrial locations represent a variety of enterprises: storage, trucking, artist studios, warehouses and, yes, film and tv production companies.
Guests, bullish on new transit-oriented development at Grand Central, enthusiastically discussed the benefits to business and life-style of Eastside Access to Long Island and White Plains, energizing those areas and invigorating Midtown and Eastside Manhattan.
A significant but surprising statistic: investment sales have been slowing down since October 2015, in some boroughs and sectors as much as 69%. Also discussed: the effect on the market of New York's June 2019 Rent Laws. All agreed: New York has old stock and needs new construction.
Though the June 2019 New York Rent Laws have significantly affected the real estate market, guests agree that, while some sales are down, New York's economy is strong, most rent stabilized apartments are rented, and people continue to come to New York to live, work and play.
Once called senility, today, Alzheimer's disease, a form of dementia, affects more people than cancer and heart disease. Guests discuss bio-markers, PET scans, genetic markers (ApoE4) and treatment. Caregivers describe their dedication to family members.
Guest developers and lender agree that Jersey City is primed to move from New Jersey's second largest city to number one - as the transit oriented area continues to attract hotels, office development and the residential community.
Yearly, New York City welcomes approximately 67 million visitors. Hotel operators a banker and a travel advisor discuss the base number of hotel rooms (125,000) and those under construction (15,000), the effects of Airbnb, branded hotels vs independents, hotels in the boroughs and Five and Six Star hotels.
Panelists describe the office market: robust, strong, with rents - higher than ever and pushing higher! Midtown rezoning revitalizing that area, new construction, new products, outstanding amenities attract fast growing technology companies, while substantially renovated buildings, also with amenities, appeal to those favoring a vintage-look.
NewYork-Presbyterian, with 10 hospital campuses and partnerships with two medical schools - adds new facilities, technology and programs as it continues to serve those who need its care: Stroke Ambulances, Tele-Medicine and Mental Health, Ambulatory Care Center and more.
Networking - not just who you know; it's how well you know the person and the business that is important. Guests talked about building trust and relationships, noting that younger clients respected a business with a good heart - an ethical business.
Guests commented on community support and local government leadership, successfully attracting residential and commercial development - hotels, healthcare facilities, retail, multifamily residential - in Westchester: New Rochelle, Yonkers, Harrison, Rye.
Guests discussed the kinds of deals and areas of commercial real estate development, that they - as alternative lenders - are interested in doing business: condo construction, retail, hospitality, transitional space, co-living projects.
As defined and illustrated by guests - PropTech or Property Technology, while it represents many broad categories, is the use of information technology (IT) in automating many functions of the real estate industry.
Michael Stoler talks with guests: an attorney, an investor and a "cautious" accountant about nationwide, Opportunity Zone investments, discussing the pros and cons of OZ investing: taxes, appreciation, return on investment, liquidity and more.
Not having a crystal ball to predict dips in this market, panelists name new products and dynamic companies as drivers of New York's commercial real estate market. Panelists foresee negative results from the Housing Legislation Act of 2019, saying it will do the opposite of what was intended.
Citing the high costs of food, labor, rent, panelists agreed: "You gotta be crazy to be in the restaurant business," especially in New York!! Doing business in New York is tough. Panelists urged government leaders to appreciate the importance of restaurants to the tourist industry, and to New York's economy.
Located on the Brooklyn waterfront, a complex of 16 buildings-six million square feet of "cool" space housing innovative start-ups, the food industry, candle makers, wood workers, designers. Industry City is a destination - a place to be!
The Four under Forty panelists urged caution, citing recent legislation that has affected the number of transactions; retail may have stabilized but only in some areas, it's still a tough market. The Bronx: access to Manhattan, transportation, industry, revitalization - good news!
Brooklyn, traditionally considered a back-office for Manhattan companies, is getting closer to becoming the main office for important businesses. Retail is affected by the borough's walkability, proving brick and mortar retail is not dead. Discussion included the future of Coney Island, Red Hook, East New York.
Affordable housing programs often include partnerships between developers and not-for-profit organizations, combining the developers' long experience with affordable housing and the not-for-profits' deep roots in a community.
Markets in the Garden State are strong and Newark is an exciting example of progress! New retail, hospitality, bio-tech, senior housing-nursing homes, rentals, children's activity centers, office market - prime examples of development in New Jersey.
Transit oriented developments: the house or apartment, the store, the train, the bus are familiar to most New Yorkers. The concept is moving into the suburbs, where there is significant demand for transit available-affordable housing.
Not wanting empty offices, panelists discuss historically large concession packages: 10-12 months free rent - depending upon location and market, demanded by tenants. Sophisticated renters require upgraded space and technology.
Discussing lower interest rates, high employment, a strong rental but lackluster condo market, bankers feel some stress in lending. Panelists agreed there are areas of opportunity for development in government designated Opportunity Zones.
Describing the Housing Act of 2019 as a big mistake for NY owners, renters and the city, panelists believe that the law creates uncertainty and is retroactive as much as 23 years; predicting fewer property improvements and fewer jobs as owners, builders and bankers continue to discuss this legislation.
Developers discuss difficulties in doing business on Long Island that still exist: regulations differ in each municipality; communities fear congestion; school boards worry about enrollment. Yet, retail is strong; old stock makes rentals attractive.
Mid-term investment sales market reports show fewer transactions compared with 2018. New regulations may have slowed sales in multi-family, while other asset classes are doing well. The Bronx, Westchester, "affordable" condo projects are of great interest.
Herbert Lepor, MD and James S. Wysock, MD, urologists at NYU Langone Health, discuss the aid of the PSA test in identifying early stage prostate cancer and the MRI and diagnostic tests to better targeted biopsies, leading to the successful treatment of prostate cancer.
Ask restaurateurs about opening a fine-dining restaurant in New York City today and you may hear a firm, NO, THANK YOU! With progressive labor policies, high rents, overhead that's out of sight, better to consider quick-serve, fast-food establishments.
Brian C. Halpern, MD, colleagues Dr. Rock Positano and Dr. Douglas Seckendorf, the Hospital for Special Surgery, agreed that 90% of orthopedic patients do not need surgery and can be helped with a variety of treatments. All agreed-as all parts of the body are connected, the entire body must be considered in treatment.
Major changes in laws governing investments in Opportunity Zones were announced in April 2019. Guests, developers, investment sales, accountant indicated that these changes opened Opportunity Zones to a whole new world of investors.
Changes in laws governing rental properties has contributed to uncertainty in that market. The Bronx, still the most affordable borough, is attractive to investors. Co-living interests young adults, as it offers rent savings and a sense of community.
For 65 million travelers each year, New York City is their first choice of destination. New York offers 110,000 hotel rooms, residence facilities for daily, weekly, monthly rentals, branded or independent hotels with unique restaurants, roof-top lounges and more.
Guests discuss the 2019 package of rent regulations and tenant protections predicting dire consequences to New York City owners, tenants and their community: investment and sales will come to a standstill, renovation caps will affect maintenance and jobs and more.
Made in Brooklyn/Made in New York highlights urban manufacturing in the Brooklyn Navy Yard. BNY's lower rents, tax incentives, customized space provides opportunities to grow, while giving back to the surrounding community education, skills training, jobs.
Doctor Radio on SiriusXM radio, powered by NYU Langone Health, is an opportunity to talk directly with doctors about health issues. Questions dealing with health insurance, claims, co-pays, networks, coverage - rules and regulations - are welcome on Health Care Connect.
Guests discussed decisions to bring their banks to the metropolitan region, acknowledging the great competition from already existing banks, credit unions, and other lending institutions. All, agreed, New York and the metropolitan region were huge markets and the place to be.
John Catsimatidis, head of the Red Apple Group, a privately owned company of diverse businesses, son, John Jr. and daughter, Andrea, talk candidly about their work, their love of the business, thoughts for the future, and their father's vision and creativity, resulting in Red Apple's success.
Discussing the challenges of family members in a family business, guests agreed on open communication, respect for leadership and senior members of the business, working to grow into the job. Opportunities: working side-by-side with family.
Guests discussed various technologies designed to enhance a building's security, track package deliveries, and report unusual activity to landlords and property managers. Other tech services featured automated payments, world-wide marketing and investment opportunities.
Banks lend money but so do private equity firms. Less regulation allowing for speed in closing, a feature of private equity firms, is important to the real estate industry and not so easily provided by banks. Lenders discussed the type of real estate their companies considered good investments.
Over the past 20 years, to take advantage of changes in medical care, physicians now practice in large groups and are employed by hospitals; hospitals are converted to ambulatory care centers. Discussion included urgent care centers, walk-In facilities, tele-medicine, and electronic medical records.
Korean chefs and owners, embracing their ethnic heritage, their culture and traditions are offering customers the opportunity to explore new dishes, superbly prepared at their award-winning, highly recommended restaurants.
New York's condo buyers are taking longer to make a decision! Blessed with a wider selection, buyers are careful about location, transportation, layout and unit efficiency; price point - very important.
Opportunity Zones are all around us - in all of New York's five boroughs! Opportunity Funds, "a new investment vehicle created as part of the Tax Cuts and Jobs Act of 2017" are available. Guests work to unravel rules and regulations surrounding these investments.
New York's office market is still a tenant's market! Less traditional law firms require less office space, as they search for lower rents. Competition between tech companies and brokers provides renters with more options. Panelists discuss concessions.
Guests concluded it was a good time to be a borrower! Despite the liquidity in the market and low interest rates, the search for deals is very competitive: hotels, fast casual dining, transit oriented development. Lenders careful about lending to retail and to co-working facilities.
Wanting to "give back" to individuals and communities, members of the real estate industry have developed public/private partnerships with various New York schools. With tutoring, mentoring, music and internship programs, designed to "open eyes-open minds," thousands of young people and their communities have greater opportunity and access to successful futures.
Newark's development is not a "one trick pony!" A visionary mayor and administration, with supportive community leaders, have developed plans to energize Newark's residential, industrial, business, and retail assets.
Guests discuss the success of the industrial market, the increasing popularity of co-ops, the Long Island Partnership's promotion of a life-sciences campus, the proximity to Roosevelt Island and their growing tech industry - all positive for Long Island City's future.
Retail is not dead! Retail has changed. While technology has taken a gigantic hold on the retail industry - bricks and mortar are here to stay! Check out Hudson Yards, the Meat Packing District, Manhattan West, the Garment District; retail is growing - in the boroughs, too.
Among many issues to consider, the economics of a neighborhood often determines where to open and what kind of a restaurant to open. Guests discuss their paths to their current establishments.
The not-so-glamorous asset class of the real estate industry: warehouses, industrials - is doing very well. Rents are increasing; multi-level logistic distribution centers are increasing, bringing tractor trailers to the second floor.
Guests discussed opportunities in the Bronx, retail in Sheepshead Bay and Coney Island, Opportunity Zones, multi-level industrial space, built from the ground-up. In addition, changes in rent laws, viewed as anti-landlord.
Westchester, with transit oriented areas, walkable routes to transportation, and popular support, is viewed as a dynamic, attractive market for investment and development. Building with amenities - key to success.
Developers, having spent long careers working on Long Island, comment that little has changed: it still takes YEARS to get permission to develop major sub-divisions; partnering with local operators helps cut approval time. Nassau v. Suffolk tax rates discussed.
A lender and three CEOs, representing healthcare facilities, discuss how each of their businesses developed, their approach to attracting high quality professionals, and their concern for providing excellent healthcare to their patients.
Panelists "somewhat pessimistic" about opportunities in today's market agreed that the retail market is very strong, siting changes in zoning, as in midtown east, allowing developers to build higher floors, purchase air rights, rebuild structures.
Affordable housing developers discuss mandatory inclusion, suggesting that applicants apply to several lotteries - at the same time, meeting eligibility requirements. Working to develop affordable housing feels like working to a better future, remarked a guest.
In 2008, E-commerce, Amazon, industrial, office co-sharing, We Work were not the driving force they are today. Panelists discussed what's happening today: the effect of millennials in the marketplace, increased number of women in real estate and Opportunity Zones.
Exploring new technology for residential real estate, guests review inexpensive insurance policies in lieu of lease security; grading systems designed to assure health and security of renters; and analysis of buildings based on prudent use of utilities.
Panelists representing various aspects of the real estate industry discuss the effects of changes and additions in regulations that govern their business: Mandatory Inclusionary Housing, Vacancy Decontrol, Capital Improvements, Vacancy Increase and more.
Panelists involved with the grocery, fast food and hospitality markets outline the effects on their industries of minimum wage increases and other regulations, describing long-term influence on New York's retail.
Guests agree: bricks and mortar are not out of style. Retail is finding new homes in beautifully restored, 100 year old buildings, formerly used for manufacturing. Check out the growth of Industry City, LIC, Ikea, Dollar Stores, and supermarkets!
When networking - ideas are exchanged, trust and a sense that you are there to help the other person, without expecting any return, is communicated. Networking, today, is a combination of "face-to-face" and social media. Important to remember: people buy from people who care
New Jersey - Asbury Park: residential units, townhouses, Asbury Hotel, the waterfront; Redbank, proactively reviewing master plans to plan for the future; Montclair: luxury units near the train station; redevelopment of large properties, public-private projects; transportation.
Banking executives describe their operations as active - open for business - keeping a cautious eye on the market - marginally bullish! EB5, lost its glow; Opportunity Zones, much still unknown; Amazon, great for the city, also discussed.
2019 looks good! A terrific market to be in! Renters eager for amenities: pool tables, hospitality centers, lunchrooms, break rooms-even outside space. LIC, Bronx, Metro Tech will benefit from growth of healthcare facilities and bio tech industry.
Members of the investment sales community discuss pros and cons of: Opportunity Zones-a new source of capital to support affordable housing; Amazon-great for the whole city but people will be displaced; Economy-multi-family has become a challenged asset; next year is going to be a good year.
Algorithms, AI, sensors, visualization of products, robotics, capturing data...with data used effectively, decision making will be better, cheaper, faster resulting
in better results
Flexible space, co-sharing, office sharing and office space management continues to evolve, representing the biggest change in the real estate market, providing a better work experience for employees.
A new tax program-focusing on Opportunity Zones-has made investors reconsider real estate developments that were initially hard to sell. Like Enterprise Zones of the 1990s, Opportunity Zone investments, should be carefully reviewed with the experts.
The BRCA gene exists world-wide; the mutated Barca gene is found in men & women of mid-European descent; among others, a very large number of Ashkenazi Jews are at great risk of breast, ovarian & prostate cancer. See www.bforstudy.com-GET TESTED!
For the past 75 years, individuals have shared living space: the rent, the maintenance. In addition to sharing the rent, today's co-living is designed to develop a sense of community, in a friendly, warm environment.
Speaking with pride and pleasure about their goals to create a multi-generational business and hopes to transition their company to the next generation, guests were candid about the obstacles and difficulties along the way.
Podcasts-another form of media, convenient when traveling, relaxing; educational, informative, fun and very popular! Guests-themselves podcasters-discuss the podcasts to market a product, a service, a personality and as a means to bring people together.
Acknowledging the retail "apocalypse" grabbing headlines, guests considered issues like debt, over expansion, poor decisions, and more effecting retail's ability to deal with the new competitor, Amazon.
Lots of people want to come to live in NY, supporting a growing interest in parts of Queens, Brooklyn, the Bronx: Coney Island, East NY, Jamaica. Rent concessions are sometimes offered; new laws/regulations make the rental market a difficult investment.
LIC is coming into its own! With a great waterfront, more retail, more restaurants-amenities to make LIC a place to call home, some developers-thinking long term-are building more 2 bedroom and larger units. Schools, transportation: still challenges.
Lots of development in Jersey City! Great transportation, lower rents - condo or rental - all attracting a young, cosmopolitan population. Harrison: smaller market, good transportation; Bayonne: great opportunities. Schools still a challenge!
Guests, representing various aspects of technology, discussed how their products and services interact and support the real estate industry. Question raised concerned about how receptive were venture capitalists/banks when presented with new ideas?
While the condo market may generally be "challenging," buyers still want to own a piece of New York! Guests discussed strong markets in New York and in the suburbs: the Upper West Side, downtown Brooklyn, Astoria, Jersey City, Hoboken, Yonkers and New Rochelle.
nvestment sales leaders discuss pros and cons of: Opportunity Zones-a new source of capital to support affordable housing; Amazon-great for the whole city but people will be displaced; Eonomy-multi-family has become a challenged asset; better next year.
Algorithms, AI, sensors, visualization of products, robotics, capturing data...with data used effectively, decision making will be better, cheaper, faster resulting in better results.
Coney Island has caught the eye of developers after 30 years of indifference. Developers and bankers enthusiastically discuss both luxury and affordable residential projects, increased retail, medical facilities and more.
Beautiful boardwalks, walkable downtowns, great views, good transportation have attracted development to Yonkers & New Rochelle! Active pro-development support from communities and elected officials is important to successful planning and implementation.
Discussing clients' search for office space, panelists agreed - seekers have choices! They are looking at different markets: the Hudson Yards, in Brooklyn, Queens, LIC, Industry City, the Navy Yard "...in areas they may never have considered before!"
The rental business may be a "great business," but it's a difficult business, panelists agreed, discussing who are the renters: students, younger professionals, newcomers to an area. Also - condos vs. rentals, affordable & senior housing, the Bronx!
NY hosts 62 million visitors, a year! 115,000 hotel rooms are now available with a goal of 130,000 rooms. Guests discussed non-branded/branded hotels, food & beverage facilities, banks lending to hotels, agreeing that hotels - not for the faint-hearted.
Regional banks serve their supporters with quick services and support designed to encourage a business community's growth. Guests discussed the work-life balance these institutions provide as many employees live in the community.
The Bronx-Mott Haven, South Bronx, Arthur Ave, transportation, affordable & market rate construction; projects with St. Barnabas supporting good health, affordable & supportive housing; artists, "hipsters"; foreign & local investors - the Bronx is booming!
In Part 2/2 of their conversation, chef/owners soberly discuss issues of concern to the hospitality industry: staffing and labor costs, turnover and employee loyalty, food halls and fast-casual dining, exorbitant rents, how to create equality in the "front and back of the house."
Something special about bakeries, as described by guests, that lured them into the restaurant business! Guests talk about their experiences - from McDonald's to Cornell, to cruise ships, to internships/mentors/hard work and ownership. Part 1/2 shows.
Despite difficulties of developing in NYC, guests spoke with enthusiasm of public/private partnerships, of technology in real estate, of the need in every borough for affordable housing, and for a developer's confidence in promoting new ventures.
Accomplished, experienced executive real estate leaders consider the paths they navigated to their successful careers.
Starting with the premise that you don't have to be a national firm to be successful, guests discussed the importance of passion, conviction, opportunity, along with good research and a thorough understanding of the product - all essential to ones goals.
Young entrepreneurs describe inventions, programs, ideas for future products and businesses they are pursuing with guidance and encouragement of the MetaProp NYC organization.
Sports Betting! and it's legal in New Jersey!
Guests discuss the history of the effort to bring sports betting to New Jersey.
Guests discussed the difficulties of coming out of a six month lull in sales, suggesting that buyers and sellers are at a "meeting of the minds," recognizing that while business is robust, underwriting may be tough.
Guests agree that there's lots of money out there for real estate along with many new entrants in the market for lenders to analyze and consider. Q to Panel: How do you determine whom you will lend to, and how worried are you about risk?
New construction, particularly in transit-oriented locations, is looking good in Nassau and Suffolk Counties: assisted living and 4-5 story multi-family making for a busy market. Affordable housing, tax rates, local restrictions still challenge developers.
Panelists representing real estate investment companies, commercial property management, retail leasing and a banker discuss and evaluate e-commerce, distribution, warehousing, parking - and New York's strong industrial market.
Real estate, in general, is an enduring asset class, guests agree as they discuss taxes (going up) rents (having plateaued in retail); foreign investment; failed restaurants-food halls; WeWork; real estate technology and more.
Builder/developers and a banker discuss what brings them to invest in Ridgewood and Jamaica. Transit oriented communities, thriving retail, hotels, mixed-use developments, commercial development and affordable housing spark interest in Queens.
In varied arenas, the legalization of cannabis has attracted advocates: law enforcement, investors, scientists, social justice, legislators, health care, job promotion. Guests discuss issues effecting the legalization of medical marijuana.
New York has a major problem-insufficient affordable housing. Guest developers-all with experience in government programs & services before entering the private sector and a banker discuss supportive housing, senior housing, cost of land, upzoning & more.
Healthcare has evolved: new procedures, additional technology, new drugs-of help to some, but not necessarily all. Guests discuss rising costs, ambulatory care, the pros and cons of telemedicine and urgent care centers, and the effect of consumer demands.
Hoboken, NJ, described as a good place to live, work and play, attractive to empty nesters, students, families, millennials, with great transportation: ferry service, trains, buses, 24/7 Path Train - and (compared to NYC) - at bargain prices.
Q: "I'm 62 should I apply for Social Security?" "I'm 65, widowed, I want to remarry, will this affect my Social Security?" Answer to both Q's: "It depends!" Navigating SS's, rules and rule exceptions, or Medicare & Supplemental Insurance requires experts.
Having opened many restaurants for established chefs, Justin Bazdarich, PJ Calapa and Douglas Kim decide to go out on their own. As new chef/owners, they discuss what made them "do it" and the results of their actions.
Two, three, four generations working in family businesses tell why they joined and what it takes to work so closely with family. Parents, especially, dads, week-end work at an early age, influenced decisions. Advice: check your ego at the door, be patient.
Asked why they were in the business, young real estate professionals talked about their families, the influence of college internships, their love of the energy and competitive spirt of real estate. All confirmed the value of patience and good networking.
Noting that markets and builders are different - panelists agreed that the condo market is very much alive and doing well, especially when the quality product is delivered - at the right price - to the right market!
The business of real estate, requiring access to capital, turns to banks, insurance companies and to private equity firms. Guests discuss the importance of private debt lenders, emphasizing their requirement of the same documentation demanded by banks.
Harlem, Inwood, Washington Heights - East River Plaza, Columbia University development, Hamilton Heights, new construction on 125th Street and more - a lot of activity - North of 96th Street.
Discussing residential market dips, panel noted that while "seasonal," rentals were picking up! Commenting that NY's rental market continues to grow, panel named The Bronx-family-sized apartments/good transportation of interest to students and workforce.
What makes Brooklyn so HIP - so HOT? Guests suggest the energy, a long history dedicated to success, a belief that the borough represents a cultural melting pot, promoting opportunity for business and for a better way of life.
High on a list of NY "must-sees" for both locals and out-of-towners is Times Square. New attractions: SPYSCAPE and Ocean Odyssey, unique entertainment experiences, the Brooklyn Diner & Bond 45-good food make Times Square part of the NY experience.
The MLS service, appraisal functions, mortgage acquisition-steps, among others, fundamental to the real estate operation. Technology developers/co-founders of new companies, a tech investor discuss products' contribution to the real estate industry.
In operation from 1801 until 1966, the Brooklyn Navy Yard has come back to life as an urban manufacturing center with some 300+ businesses employing 7,000 people. Guests discuss business growth along with services from the BNY Development Corporation.
Guests discussed many aspects of the real estate market: retail, "a tough asset class," hospitality, WeWork, the office market, residential stock and locations: NYC, the Boroughs, Jersey City, Newark foresee strong demand, "a better year than last year."
Cornell Tech brings together academia, industry and technology in some of the most environmentally friendly and energy-efficient buildings in the world, offering graduate-level technology programs, developing a hub for cutting-edge science and technology.
Per Forbes: millions have been invested in real estate technology; 50 times the investment made 8 years ago. Along with the investment is the products discussed by the panel - Blockchain, Artificial Intelligence - and of big concern - cyber espionage!
Old friends and colleagues come together to celebrate the 1000th "Stoler Report" program, identifying the needs and dreams they've seen change over the years. Once desirable: big homes, lawns, suburbia; today-it's live, work, and play in an urban setting.
Guests on the 999th "Stoler Report," discuss the early years of their companies and conditions existing, then and now, highlighting developments in once marginal areas, changes in retail and commercial development, and the concept of Assisted Living.
Guests agree "everywhere" in New York represents a prime location: the Lower East Side, Chelsea Market, the Meat-Packing District-desirable locations. Panelists discussed the future of Harlem, Staten Island and Long Island City.
"Made in America-the suit, tie, cufflinks," declares Michael Stoler, introducing manufacturers of diverse products, from architectural metalworks, to men's wear, to steel and bronze windows and doors-distributed nationally and abroad-all made in America.
From the luxury, specialty shop, to neighborhood shopping centers, to the suburban mall, to convenience stores and supermarkets - guests discuss the challenges to retailers and related industries of on-line shopping.
Emerging trends in the office market require a new vocabulary, including Co-Working, Event Space, Smaller Offices - Amenities, the Enterprise Model, Tech-Powered Offices, Day Offices, Meeting Rooms, Short-Term/Long-Term Leases...and more!
Essex Crossing, on the Lower East Side-9 blocks, 1.9 million square feet of land, dormant since 1960-in development: affordable housing, affordable senior housing, medical facilities, higher-end luxury housing, hotels, and retail. It's gritty & authentic!
Forty years ago, advertising campaigns were disruptive and demanding of consumer's time. In today's world and with the influence of social media, campaigns reach an audience promoting "care" for the audience they are designed to engage.
Panelists agreed: Queens is on fire!! Good transportation, new ferry services have attracted buyers, renters, night life, restaurants, comedy clubs to the borough. Long Island City, and other newer neighborhoods are "hidden gems."
Ownership of a home or business is a much sought-after goal. Representatives of banking, finance and real estate discuss changes in their industry: the return of the buyer, lower rents in some locations, and Manhattan, as a safe-haven for foreign buyers.
The real estate market may have been a bit slower in 2017 - domestic sales, down from last year; less development; more refinancing - the panel of bankers and real estate lenders agreed there's always money for good real estate! Banks deal conservatively.
New York City is experiencing a construction boom in many sectors: housing, retail, hospitals, health institutions, schools, office buildings-a $30 billion boom-not seen in many years! Panelists discuss union/non-union, open shops/merit shops.
Regulation/Deregulation - one of many topics discussed by banker - panalists; brick-and-mortar vs. internet banking, the importance of customer-centric banking and more
Bankers, developers and members of the New Jersey Redevelopment Authority discuss their combined efforts to help communities grow and prosper. Affordable housing, business development, public and private investment, transportation, planning are discussed.
With government cooperation and residence support, careful planning and development, Yonkers is booming! Rents are lower, proximity to Manhattan and good transportation, attract empty nesters and the Millennial Generation to this urban-suburban city.
Three of New York's outstanding members of the restaurant business bring together their skills as celebrity chef, restaurateur, senior management to enhance the New York consumer's enjoyment of sport events and entertainment venues.
Panelists discussed the possibility that the office market is being over built, agreeing that it's a tenants market with more properties to choose from! Amenities are being offered by some landlords. Office sharing a good part of the conversation.
An office condo is a unit in a building that can be purchased rather than leased from the owner/developer of the building. Panelists discuss the advantages of ownership, particularly - but not limited to - a not-for-profit organization.
The residential markets are doing well. Jersey City, Westchester, northern Manhattan - are areas of interest to the millennial population, offering good transportation - the key; more affordable prices, and amenities.
The catering-event businesses are tough! Parties are fun; caterers-planners work to make sure clients and guests are having a good time! Not-for-profits, corporations rely on their skills for special foods, design, service for their special events.
White Plains, New Rochelle, Yonkers, Stamford-cities "open for business," with cooperation from local boards, they are developing mixed-use communities, cultural space, attractive to empty nesters, and inviting to younger transit-oriented residents.
The commercial market in LIC continues to grow, as entrepreneurs with high-end products, artists, computer designers move into industrial space. Headquarters to major corporations, Fortune 500 manufacturers and tourism energize LIC's hotel business.
Health Care today, a "different world" to practitioners and patients, includes a new vocabulary: Ambulatory Care Centers, Family Health Centers, Urgent Care Centers, Virtual Urgent Care, Electronic Records. Members of NYU Langone Health-here to explain.
NY's 51st Governor, Hugh Carey and family, loved Shelter Island, spending long summer vacations there. Perhaps this affection inspired Governor Carey to sign, in 1976, the New York Farm Winery Act, thus becoming the inspiration for the great wines of NY.
How to keep seniors living on Long Island; how to attract newcomers/young people to Long Island? Panelists agree there are opportunities to do both. Good jobs, quality of life opportunities, affordable housing, transportation promote future growth.
The Tax Reform Act-concentrating in this show-on small business and real estate, tax experts agree, the corporation gets most of the benefits. Guests discussed the new section 199A; the 20% tax deduction for QUALIFIED business (what is/is not qualified).
Tax experts, asked who will benefit from the new Tax Reform Act, agreed that it will be "really good for corporations." The new Standard Deduction may help individuals. Other changes discussed: the 529 Plan, $10,000 cap on mortgage, state & local taxes.
Jersey City, Hoboken, Weehawken - and Bayonne - the New Jersey Gold Coast - Hudson River waterfront towns - continue to attract a diverse population, investors and developers, creating jobs, restaurants, retail and improving the quality of schools.
What are the challenges/opportunities of siblings/relatives working in a family business? The kids seem happy; what about the grownups? "Bosses" discuss compensation, the importance of assuring long-time employees of their value, spouses-very challenging.
What's it like to be employed by your father or your uncle - to work in a family business? Panelists remember early visits to the office, the pride in achieving goals, the secure feeling of working with family having their best interests at heart.
The New York Building Congress report, "New York City Outlook for Construction" discusses plans for infrastructure construction, commercial and residential. Panel discussed transportation - important to projects coming on line.
How do you pick where to live? Is access to public transportation important to you? Do you prefer the suburbs-Yonkers, New Rochelle? How about the Bronx - good transportation. Queens? Is it a renters or owners market? Concessions may be available.
Supply has caught up with demand in the condo market. Buyers are looking for deals-shopping around; to speed decisions, incentives are offered. Deals are being made. Emerging areas: 57th Street corridor, Hudson Yards, difficult to find find financing.
Admitting to being skeptical, in 1985, guests celebrate the success of efforts to revitalize, expand and redevelop downtown Brooklyn-highlighting hotels, parks, retail, culture, entertainment, residences confirming Brooklyn is the Capital of the World!
The banker and developers consider the challenges and opportunities of suburban markets - Westchester, New Rochelle; the effects of still-high land prices; the mixed value of amenities; and banks inclination to work with established developers.
Guests acknowledge an "extremely slow" first half of 2017, expecting the rest of the year to be "pretty good!" Discussion included: strength in multi-family markets; We Works; creative uses of retail space; "ubanization" of the suburbs; The Bronx.
Some say that retail is dead! Others argue that consumers still like to explore, to select, to touch-and-feel before they buy. E-Commerce has effected brick-and-mortar establishments, encouraging landlords to be more flexible.
Areas of interest to the Greater East Midtown Rezoning efforts-39th through 57th St, Madison to Third Ave-with plans to modernize the commercial location, by developing Class-A office space, upgrading transit networks, enhancing retail corridors.
NY is a leader in promoting affordable housing, yet 87,000 people are applying for 150 units. Developers and bank representative discuss issues faced by developers: zoning, available land and by prospective tenants: means test, cumbersome applications.
Manufacturers, financial services, and a banker discuss changes and opportunities that have developed in their industries. As the New York/New Jersey region continues to grow, the feeling is "this is the best part of the world to do business."
Expansion of real estate markets requires additional capital, particularly in transitioning markets like Bushwick and East New York. When banks, the traditional source of capital, pull back, the alternative lender plays an important role in development.
Suburban/urban areas with access to good transportation are providing development opportunities. Wyandanch in Suffolk County, New Rochelle in Westchester - with the support of the communities - are important examples of creative renewal and growth.
Queens, NY's second most populated borough, is becoming "sexy," attracting artists, young couples and families. Transportation is great! Jackson Heights, Astoria, Corona, Flushing, Ozone Park and the Rockaways-Queens, the most diverse place on Earth.
"Retail" is experiencing two revolutions: e-commerce - the world of Amazon - and a change in demographics, where a great number of shoppers/buyers are from the younger generation. Where are the new markets?
Guests discuss "emerging" markets: areas, newly populated by those leaving locations because of increased costs: leaving Manhattan-parts of NYC- Brooklyn for Bushwick, Ridgewood, Coney Island, East New York, LIC, Staten Island. New areas-new challenges.
60 million visitors come to New York, the vast majority of them need a place to stay. New York City, alone, offers more than 112,000 rooms-in luxury hotels and budget facilities. Panelists discuss the effect of Airbnb's and overbuilding on the industry.
New Rochelle, a city of 80,000, with a vision, working with elected officials, members of the community, environmental advocates to develop a simple, transparent plan for the future of their city.
For our country, for society and the economy - panelists agree that it makes good sense for everyone to have health coverage. But how to provide coverage for all and at what cost is still being debated.
Letting their establishment speak for itself, chefs, restaurateurs consider the quality, portion and price of their product. But how do you grow/build your business? Guests discussed word-of-mouth recommendations, social media, professional press and bra
Since 1997, deaths in the US due to opioid addiction have reached historic highs, increasing by 900%. This population of drug abusers are often the elderly, when doctors over prescribe the drug, and the young, acquiring drugs fro sellers and the internet.
Opioid addiction and deaths have roots in the number of prescriptions written for painkillers at increasing dosages. The public, physicians, pharmaceutical companies must be alerted to the danger of these drugs as new, more powerful drugs appear. Part 2/2
The children are grown and on their own. Suddenly, the house is too big/too expensive/too hard to take care of! Where does an aging population - or the over 55 crowd - turn to? Panelists discuss the development of the assisted living facility.
Over the past half-century, the real estate industry has experienced new trends and a new vocabulary: assisted living, recourse, conversion of industrial properties into office space, down-sized apartments, the demise of garages.
While activity is up - panelists comment - many are in a "wait-and-see" mood. The retail world is concerned over numerous brick & mortar closings. Retailers want to be in urban markets, but in smaller stores.
In order for areas to grow, and to avoid sprawl, it's important to explore transportation - well-planned, less expensive ways - to spread out population. Ferries and light rail are an important factor in the advancement of growth.
Jay Parker-3rd generation of owners-of Ben's Best Kosher Delicatessen/Restaurant and Catering, and newcomer to the business, Noah Bernamoff, former law student and founder of Mile End Delicatessen agree that you have to love this 7 days-a-week enterprise.
At one time, private equity firms may not have been respected, were not to be trusted and, described as "vultures." Guests discuss the important role of private equity firms in today's market.
Discussion centered on co-working and co-living - new concepts in commercial and residential real estate, and crowd-funding, providing real estate investment opportunity, on line.
New Jersey is looking good: industrial markets are strong; opportunities are opening up in Elizabeth; Hudson and Bergen Counties are benefiting from transit development; banking is healthy. All optimistic about the future!
"Clever marketing" helped sell $60,000 worth of barbecued brisket in under 48 hours! PR, social media, major chefs help to build a following and contribute to success. Rents are high; lots of competition. NY-a hard place to do business; must be creative.
These "Young Guns" made commercial real estate their career because - to some - it was the family business. All agreed a) it was hard work; b) they were attracted to the problem solving required for success; and c) they loved the challenge!
In general, the banking industry looks forward to changes in "Draconian" regulations, yet conservative underwriters want to lend to their most tried and true clients. All agreed that there was more stock coming on the market - LIC, Astoria, Brooklyn.
To discuss affordable and supportive housing and who qualifies requires a definition - sometimes complicated - of both terms as used by responsible agencies in various communities.
While everybody wants to be a developer, a builder, some like rentals in Jersey City and Astoria - or mixed use in communities with restaurants and pubs, or for sales in the Rockaways. All favor areas close to transportation.
What has made Queens so desirable? Young people with young families seeking starter homes for some - apartments at more affordable rents have encouraged condo building, 60% sold out. Panel is bullish on Queens!
Brooklyn has come a long way - from tough times to today - the third largest city (if it were a city) in the country. Brooklyn is its own brand. Some say it's all about the transportation.
New York City's programs to promote housing, job opportunities, community growth and plans to rezone are decisions affecting the future. Guests discuss The Bronx, East New York, Bay Street, LIC, transit zoning and more.
Sluggish for the past 6 months - the office market is now on fire! With vacancy at its lowest ever, panelists agree there is more confidence in the market, expansion, reinvestment in older buildings.
New ferry service, stopping at 2 locations on Staten Island, the New York Wheel, scheduled to open mid-2018, shopping outlets, retail, a hotel, office space, residential building, improved transportation, urban restaurants - Staten Island is on the move!
Panel discussed "entertainment retail" - the need and value of creating a new experience for shoppers - new displays, use of technology, interesting ambience. On-line buying continues to grow in food and in men's attire.
For the first time in a while, New York has an expansion of supply. The future: it's murky, darker for some - not so for others. All recognize the challenge.
"The time is ripe," says Newark Mayor Ras Baraka, placing the city on the next step for development-Manhattan, Jersey City, Hoboken and now, Newark. The group discussed transportation, infrastructure, The Art Center, medical services, education and more.
Manhattan, north of 96th Street represents a great opportunity for residential and commercial interests. Beautiful architecture, parks, new restaurants, growing nightlife, amazing transportation, an enhanced quality of life - a great area for investment.
Determined to bring positive attention to The Bronx, panelists discuss-with pride-their efforts to attract businesses to office space, convenient for their employees and to develop properties to meet client's needs. Discussion included financing issues.
Real estate's emerging leaders are bullish on 2017, sighting the number of visitors to New York, a significant percentage of whom are domestic travelers; the generous spending of Chinese visitors; ongoing foreign investment bringing money to New York.
Lower Manhattan: the place to work, shop, visit and live! Lower Manhattan has it all - excellent transportation attracting a significant work force, great restaurants, convenient shopping - all close to home!
Two families discuss their history and the ups and downs of children working side-by-side with parents. All agree: "You're never really away from it. You talk business around the dining room table and a birthday party around the conference table."
Transit Oriented Development is an important component of growth and development, and a significant part of affordable housing decisions. In New Jersey, TOD may focus on Manhattan commuters and locally, on community development, promoting the "downtown."
In 2016, those in real estate who had rentals, went from "it's hard to believe rents can go up in the future" to a leveling-off, with an increase in inventory in some high-price areas. Owners - good deals out there became harder to find "then gems."
Beginning 2008, increased banking regulations led to less and less money available for construction, enabling non-banking lenders to assume an increasingly important role in real estate financing.
New York City's Fashion/Garment District has taken on a new look - some with long experience in the area may be amazed at the changes but all are excited by the influx of additional industries, widening options for growth and development of the area.
Owners and chef/owners come together to explore the restaurant business - some located in Manhattan - others, in the boroughs - Long Island City and Red Hook.
Co-Working indicates a shared work environment, often occupied by independent contractors of unrelated businesses. Co-Living brings together several people, often unrelated, to live together and share a residential space.
Considering the effect of the 2016 election-some predict a friendlier relationship to business, fewer regulations; others concentrate on foreign investment and immigration policies on the labor market. Most conclude that "the jury is still out."
Providing "atmosphere" and "ambience" is important to attract customers and to the success of commercial developments. Panel discussed redevelopment of the South Street Seaport and malls.
Making bread or chocolate treats, running a restaurant, catering special events-one must be passionate and dedicated to the work, so say those engaged in these industries. Some say regulatory pressures, increased costs have taken lots of the fun out of it.
The importance to clients and the value to developers and investors of properties near parks, with access and views of the waterfront: Brooklyn Bridge Park, 60 Bay Street, on Staten Island, 200 Water Street, in Brooklyn's Dumbo and more is discussed.
"Made in New York" the logo of the NY Mayor's Office of Media & Entertainment is stamped on the credits of many of our favorite movies and television shows, bringing pleasure to viewers and movie goers and jobs to New Yorkers.
Each location, Long Island, New York City, New Jersey presents challenges to the residential housing developer - many unique to the particular area. Guests discuss these challenges and their projects.
Banking executives, discussing the effect on the economy of Dodd Frank and other banking rules & regulations, acknowledge the need to adjust and to "live with" bank regulations, old and new, some remarking that in some way, Dodd Frank brought the industry "back to where it should be."
Panelists suggested that the market is very opaque and in a correction mode. While New York's economy is strong and young people, in particular, want to be live and work here, there are factors that need to be considered for future growth and stability.
Non-bank lenders, offering speed and flexibility in financing projects, play an important role in real estate development. Traditional banks - some believe - are faced with regulations that modify their ability to support various projects.
Discussion of emerging trends in health care continues in part 2, focusing on insurance, advances in technology, safety of services such as ambulatory surgical centers and tele-medicine assistance, along with their convenience to patients.
A discussion of trends in healthcare: population center management, based on the needs of the community it serves; performance-based compensation, how effectively medical practices are managing a population's health issues; urgent care facilities and more
The UK's decision to withdraw from the European Union raises questions and concerns worldwide. Panelists, cautiously optimistic, believe that the US will continue to be viewed as a safe haven for foreign investments. Tourism/hospitality is discussed.
Many issues effecting the hospitality industry in New York: changes in Europe's economy (BREXIT), the increase in popularity of Airbnb, the loss of tax revenue to the city are some topics discussed by panelists.
Real estate experts, with confidence in the New York City economy, discuss the future of leasing and investment in New York's office market.
The popularity of Long Island wines, many with award winning vintages, has significantly increased in the past few years, along with interest in year-'round living in the Hamptons and North Fork, offering well-built facilities, with access to the village.
Discussing new investment opportunities, panelists pointed to The Bronx and northern Manhattan - where affordable housing can still be built and as territory coming into its own. Of interest is the student-housing market, represented by 96,000 students.
Effects to the United States of the UK's EU referendum - BREXIT - are discussed in terms of jobs, investments and the US real estate market in San Francisco, Los Angeles, New York and the mid-west.
Manhattan's high rents encouraged development in many parts of Brooklyn and Queens. Families - mostly renters, retail and some looking for affordable office space are heading to Ridgewood (Queens) and Bushwick (Brooklyn). Future development: Sunnyside, Corona, Flushing.
Lower Manhattan has undergone an incredible renaissance, attracting thousands of visitors and New Yorkers, many living in Lower Manhattan-to the World Trade Center Towers, the waterfront, Memorial and Museum, excellent transportation and shops.
The end of World War II signaled an extraordinary population growth in Nassau and parts of Suffolk Counties. Panelists plan to keep "empty nesters," to attract the young with cool" downtowns, business opportunities and outstanding academic institutions.
Manhattan based developers, crossing the river into Brooklyn, some into up-and-coming neighborhoods, as well as already thriving locations throughout the borough discuss their interest in Brooklyn.
Panelists discuss commercial, industrial and retail properties and the conversion of these buildings to other uses. Access to transportation is an important consideration when developing locations.
Panelists discuss the architecture, favorable land prices, proximity to New York, transportation, educational institutions, the waterfront, and the local government's approach to the growth of Jersey City, NJ.
Developers who take a "judicious approach" to residential development, companies who specialize in redevelopment of corporate and industrial sites and representatives of financial institutions discuss the future of residential development.
Real estate investors and developers who have come together to consider the future of their industry express concern that pricing is too high. Each expects to feel more comfortable as the year goes on, urging colleagues to be disciplined and patient.
What's happened to candy, beer, sandwiches, coffee - so that they are now described as "artisanal? Guests talk about the quality of ingredients going into their products, their experienced employees (not robots), producing their product from scratch.
The topic, Israel Bond Financing: a Unique Way to Finance Commercial Real Estate: guests from the US and Israel discuss the growing business of financing US real estate by issuing corporate debt through the Israeli bond market.
Co-working, re-thinking what is private and what is shared, offers a sense of community and networking opportunities. Co-living is roommates, furnished apartments with landlord provided services. Office sharing matches companies that will work together.
New York real estate continues to attract foreign capital. Investors from China, Israel, Latin America, Norway, the Middle East with great interest in Manhattan and the boroughs are looking to create diverse portfolios with long term prospects.
New York continues to out perform the nation in employment and demand. While it may be too early to comment on the 2061 office market - the general agreement is that "it's fine." Of interest is the future of Brooklyn, Times Square and other NY locations.
NY continues to attract more than 6 million visitors each year, most wanting lodging in Manhattan, some happy to explore the other boroughs. AIRBNB and some tighter construction lending is discussed.
Ethics - the standard of behavior by which a business operates comes from the "guys at the top," agreed Michael Stoler's guests, discussing the components of ethical behavior in business.
Despite the significant lack of retail in the New York area, guests considered the effects of on-line shopping when building retail.
Stoler's guests consider the role of technology in the business of banking, acknowledging that banking is primarily a "people industry" and that relationships with the community must be sought out and encouraged.
Affordable Housing, Supportive Housing, Affordable Senior Housing, Veterans Housing, and Transit-Oriented Communities - community involvement, the roles of state and city governments - all part of the effort to provide affordable housing for New Yorkers.
Panelists discuss the extraordinary interest in Queens, New York's second most populous county, exploring the boroughs exciting growth and development.
Panel discusses the role of Crowdfunding and EB-5 Funding, unique alternatives to traditional sources of funds, in the process of raising investor capital for commercial real estate.
Some suggestions as you get older: review your social security benefits when you reach 60; investigate information on long-term coverage; learn about Medicare - its basic benefits and various plans - from a professional. Seek professional advice.
New Jersey, the Garden State, is blooming - providing a good environment for public-private enterprises, an educated work force, housing, attracting industry in life sciences, pharmaceuticals, financial services, and manufacturing.
Family business members: you may find the following of interest: only 12% of third generation family businesses are still viable; by the fourth generation and beyond, only 3% of family businesses continue to exist. How do families stay in business?
Real estate's emerging leaders are bullish on 2017, sighting the number of visitors to New York, a significant percentage of whom are domestic travelers; the generous spending of Chinese visitors; ongoing foreign investment bringing money to New York.
Looking to the future, panelists are moderately enthusiastic with what they see. Noting the necessity "to be more creative," and that it deals take "more time," there is a sense that foreign investors will still invest in the US-future looks pretty bright
His crystal apple not providing answers, Michael Stoler turns to his panelists for their view of real estate in 2016, to hear: good, bad, ugly, fantastic-all of the above depending on the market you're in-condos, residential, rentals, affordable housing.
Panelists from highly evolved academic medical centers, invested in technology, and dealing with new paradigms in medicine discuss their efforts to navigate an environment that is not yet clear, i.e., increased ambulatory care, urgent care centers etc.
All agree-it's not your father's garment district. It's not even called "the garment district." It's Mid-Town South-exploding with hotels, restaurants, residents, attracting the creative world-the collaborative world, looking for open space, high ceilings
Celebrating the opening of Capital One's Commercial Banking headquarters, Michael Stoler, Michael C. Slocum, President, Commercial Banking and Rick Lyon, Executive Vice President, Head of Commercial Real Estate discuss businesses serviced by Capital One.
On location at Capital One Bank's new branch, Michael Stoler and guests discuss the fashion industry, in New York, delivering $50-$75 billion in wholesale sales. Areas of interest included the consolidation in the industry and E-commerce sales.
Taped at Capital One Bank's beautiful, new location - panel members focus on the health of residential development, all-around New York City - who's building, who's lending. Discussion indicates that New York is not "just one game," but different neighborhoods, with different rates of progress.
Internationally acclaimed chef/owners: Michelin starred chefs Jason Atherton and Michael White, and Drew Nieporent discuss issues affecting the restaurant business: social media, bloggers, Food Network, taxes, labor - and their love for their profession.
Real estate leaders in New York City, representing the commercial real estate industry, discuss the importance to the market - nationally and globally - of New York properties.
Acknowledging the large increase of office space coming on the market, owners and owner/brokers all agreed that the office market was in a "pretty good" position as we near 2016, with levels approaching 2008-2009.
60,000 residential units coming on the market raise many questions: will "condo-mania" be successful; what's the future for rentals; where are the opportunities for development; are banks lending; and taxes - what about taxes??
Volatility in world events and in business can be upsetting and unpleasant - even disastrous. It can also provide opportunities for greater success as analyzed by members of leading corporate institutions.
Everyone admitted to using e-commerce, at some time. Yet group agreed that as social beings, shoppers want to be with others, touch the material, view the goods before they buy. And what about the Millennials' impact on the market?
Joseph Ficalora of New York Community Bancorp, one of the 25 largest bank holding companies, (assets of $48.6 billion-multi-family lending) and Jay Sidhu of Customers Bank, (assets of $6.5 billion-growth in Core Income & Net Loan Leases discuss the market.
Consulting a shiny crystal ball and talking with colleagues, the panel concludes that "change may be the only constant," that New York is many real estate markets: hotels, office buildings, retail, residential; clients with good track records-the best!
Willie Sutton robbed banks, "because that's where the money is" which makes clear why so many new banks are coming to New York City. With 8.5 million people, 85 million visitors, a GMP of $1.5 trillion, NY is an attractive "hot economy."
The Bronx is booming! with major residential and commercial development, hotels and retail. Long Island City is expanding; shops are staying in the Bronx; the health-care and hospitality industries are growing - and affordable housing is becoming available.
Highlighting NY's efforts to provide space attractive to diverse businesses: Made in NY centers, Coworking space-helpful to non-profits and others, the panel talked about transportation, suburban development, rezoning and more.
"It's such a cool job-I get paid to tell jokes," is one response to questions like: "Why would anyone want to be an entertainer?" or "What did your parents say when you told them, and how do you find a job?" Questions asked and - sort of - answered.
Emerging real estate leaders remind colleagues to be wary of "irrational exuberance," to look for deals that make sense on a cash basis; to deal in familiar markets where one can be creative; and to be reasonable in one's expectations.
Has the epicenter of Manhattan shifted west? Is an exciting, efficient, new metropolis-a well-planned, true community of residential, commercial and retail space being built on the West Side? Any hotels? What about transportation? Adequate retail?
In Part 2 of gaming in New Jersey, panelists consider the future - short term/long term - casino ballot questions in November 2015, expansion into North Jersey, the Meadowlands, Hoboken, Jersey City, competition from New York, and more.
In Part 1, panelists discusses gaming in New Jersey - particularly horse racing, casino gambling, sports betting and internet betting, asking does the gambling industry help New Jersey? does the state get a percentage of the action? how are jobs affected?
Michael Stoler and guests toast the 42nd anniversary of successful wine making from the North Fork, agreeing that wines produced from Long Island North Fork wineries have come of age!
The oldest bread maker in New York, an ice cream maker, producer of one of the newest and most delicious treats in town, and a caterer describe the joy and the pain of their businesses' "success" - as they search for and finance larger space.
Difficulties of opening and developing a restaurant in NYC have increased dramatically-labor issues, "red tape," and costs. Diners seek out great chefs, interesting menus and creatively designed space. The business demands love and dedication-24/7/365.
Q: Has the real estate investment market reached its peak? A: Yes-for this cycle. How high it can go is yet to be determined. Q: Where are the next areas to be developed? A: Interest in Manhattan shifts west. Properties near transportation most desirable.
Celebrating his 750th broadcast, host Michael Stoler welcomes long-time colleagues and frequent guests to his show, Stephen B. Siegel and Ofer Yardeni to fast-forward from 9/11 to the rapidly growing development in downtown and west side New York.
Thanks to the vision, tenacity and hard work over the past 15 years, of a very dedicated group, Lower Manhattan is back from 9/11. Public/private partnerships of $30B has rebuilt the area. Major retail, award-winning restaurants, hotels attract investment
Panelists agree that Lower Manhattan is no longer "...your grandfather's downtown." Lower Manhattan is now made up of 30,000 residential units, new office space with extraordinary amenities, excellent infrastructure. Lower Manhattan is re-born.
The Yellow Taxi is an iconic symbol of New York City. New Yorker's began to see the "green cab" emblem of the Taxi & Limousine Commission's new Boro Taxi program. How does Boro Taxi service work? To what extent do Boro Taxis compete with Yellow Cabs?
There's a lot - still - going on in Brooklyn! The borough continues to attract young people in businesses producing and distributing food and beverage products, that come with a "hometown" label, making Brooklyn a compelling lending consideration.
Everyone's bullish about Staten Island! The Wheel, affordable housing, new retail, restaurants, great views, entertainment. All within reach of Manhattan. Great progress but must deal with inadequate public transportation on the Island.
A Broadway angel - so exciting. Reality is that only one in four plays are winners - making money, providing royalties. It's a risky business and hard work! Kristin Caskey, Mike Isaacson, Barbara Whitman "live" their latest production, "Fun Home."
Stewie Stone, a comic's comic, and Dave Konig, 3 time Emmy Award winning tv host and headlining comedian discuss "standup" comedy. According to Stewie Stone, comedy began in strip clubs. Dave Konig says, you've got to love it and "learn big" when you bomb
Jersey City, with New Jersey's second largest population is expected to be in first place by 2016. New York is easily accessible; Jersey City provides much of Manhattan's work force. Development is transforming formerly neglected areas. Rents are cheaper.
Panelists discuss their projects, developing residential space throughout the five boroughs. The role of the 421-a tax abatement program to residential development was an important part of the conversation.
With real estate prices on the rise, non-profits have an opportunity to reconsider ways to reach their current and future goals. Some look to offload properties that are no longer of value to their community or to relocate to other areas in need.
"The Deli Man" has brought new attention to the food many of us have relished all our lives. In 1931, New Yorkers could find their favorite Kosher deli from 1,500 establishments. Today, the choice is down to 15. Why and what to do about it?
Determining to whom a bank will lend money may be both a science and an art. Covering many topics: crowdfunding: viewed skeptically; over 55 resident communities: aging community; and more, all felt confident that 2015 would be a solid year.
The Internet has revolutionized public relations in the 21st century. In the past, PR meant the media-articles, ads-screened for accuracy and quality. Today, the Internet allows almost anyone to put out a message, resulting in exaggeration and clutter.
Areas in Harlem and lower Manhattan, not well known for their restaurants are now home to new establishments. Opening new restaurants takes "guts" and many might agree, youth! Regulations, prices, difficulty in making profit-challenges for "Young Guns."
Stoler asks his guests, a banker, developers and a counselor for their reaction to the massive amount of new development going on in New York City. Each expressed cautious optimism as New York City continues to be a hallmark location.
Rents are up - vacancies are down! The office market is approaching the record years, 2006-2007, before the financial catastrophe brought growth to a standstill. Markets are strong in Manhattan, with a healthy demand in the boroughs, as well.
Robert Grossman, MD, Andrew Brotman, MD, and Vice Dean; and Robert Press, discuss some of the significant changes taking place at NYU Langone Medical Center and Healthcare System, describing how these changes effect both the patient and the physician.
A long established law firm, with a Park Avenue address, forced to leave the building, searching for new space! Where to start, whom to work with, where to look? And how do we go from Park Avenue to Times Square?
An increasing interest in renting over buying, along with New Jersey's lower rents-half the price paid in New York-have strengthened NJ's urban rental market. Access to transportation, luxury rentals, hip conversions make New Jersey attractive.
Finding an apartment in New York City - very difficult! The rental market continues its historic highs, making "off-market" areas very interesting. The yet unanswered question continues to be: is there a limit to how high rents can go?
There are banks and crowdfunding lenders; and there are specialty lenders: short term and "mezz" lenders providing financing to middle market companies, in many cases, more quickly than more traditional money sources.
EB-5, an innovative program begun in the early 1990s, allows foreign investors to obtain permanent US residency, while encouraging economic development and job creation. Investors that create at least 10 full-time jobs, are eligible for US Green Cards.
Crowdfunding, part of the JOBS (Jumpstart Our Business Startups) Act, raising capital from a large number of people, usually through the internet, provides opportunities to individuals investing as a community, making capital available to entrepreneurs.
For New York City restaurants, a New York Times Three-Star Rating is like "winning the lottery." Such a favorable review results in an extraordinary increase in business. Owners of Three Star restaurants describe their award winning establishments.
Meeting space, boardrooms, corporate dining rooms have faded from business facilities, promoting the off-site venue for functions, both social and business.
Hotels get good press-even in the outer boroughs: good chefs, major amenities. Many think the New York-Times Square area is still the center of gravity for hotels; the business traveler often frequents national brand hotels. Competition of AIRBNB?
Low interest rates that many believe will stay low are important to the banking business. Banks are very competitive with new names coming into the market, confirming the importance of customer service and of branding.
New York's luxury condo market has been strong for some time, with luxury divided into "standard" and "ultra" luxury. Land prices vary and different neighborhoods command different prices and levels of luxury.
Host Michael Stoler describes the current real estate market as "the best we have seen in years." From the Hudson Yards, World Trade Center, Williamsburg, to re-zoning Midtown South, rentals vs. condos, outer boroughs vs. Manhattan-all up for discussion.
Land prices are going up and up; retail prices are going up and foreign buyers are driving prices up. The future looks bright - particularly for retail. Generally, retail is under represented throughout New York City and the boroughs.
Who's building; who's buying; who's renting? Important questions pertaining to the residential, rental and condo markets in New York City. Prices are pushing renters into Brooklyn and some areas in the borough are going condo. The future looks fine!
Michael Stoler calls it a crisis: housing - not enough affordable housing; not enough land or space to build on or money to build with. Guests provide insight into efforts to help correct the situation.
The demand for retail: Whole Foods, Marshalls, Target, Uniglo, T.J. Maxx and many other establishments-in retail markets in New York, Boston, Washington DC, Miami is growing in leaps and bounds. Access to transportation, very important in retail location.
60% of businesses in America are family businesses. What happens when family members join the business? The first generation works hard, growing the business; 2nd generation may want to join the company, but only 1/3rd of 2nd generation companies survive.
Seven minutes to Manhattan; eight subway lines and buses; museums, great restaurants; affordable rentals, co-ops; retail - Long Island City - truly, a mecca, a place that has everything, a place where you can live and work.
There's no place like New York and everyone wants to be here, say bank executives. New entrants into the banking business result in competition, and banks must focus on good management, never compromise underwriting standards, provide flawless service.
Prices are high as a kite; money is cheap and measured against London and Hong Kong, New York is a bargain; it's less expensive to do business in New York! BUT land prices are "sky-high." Can prices keep going up and for how long before another downturn?
Four million people live there; if it were a city-it would be the 4th largest city in the country! The young, creative, technically focused, urban professionals are all going to Brooklyn, along with restaurants, retail, bars - places to "hang out."
Family members of 2 critically acclaimed North Fork wineries talk about the area's transformation from potato farms in the 1970s to today's commercial vineyards. The question for the future is are young people attracted to the wine industry?
Four "emerging leaders" all under 31 years old, who entered the real estate market at its absolute bottom-are now experiencing the rise of, as they see it, great opportunities in incredible markets: downtown, the Lower East Side, the Bowery, LIC!
Opening a restaurant is like opening a Broadway play! Exhausting, expensive, and very exciting. Chefs and restaurateurs know that diners will travel for good food, served in pleasing surroundings, and that food is a vibrant part of New York's culture.
Growth in New Jersey is propelled by transit oriented development, grow green projects and urban tax credits. State, cities and private sector partnerships lead to successful projects: reconstruction of old, abandoned buildings and rebirth of cities.
Like Crazy Eddie, Michael Stoler declares, "these prices are insane!" From a brokers' perspective, there's never been a better time to be in real estate. For the foreign investor, it's all about New York - primarily Manhattan.
Michael Stoler brings together a banker, an accountant, a builder and owner developer to talk about the real estate industry that some say is in "high-speed," or "fluffy" or "not bad-but not great." Interest rates remain low; hospitality is cooking.
Cranes, Cranes - that's all you see, says Michael Stoler. Yet building residential housing in New York City can be a challenge: the price of land, sufficient transportation - often not available on accessible land, zoning issues, labor costs...and more.
We're told Americans consume more wine then even the French! Wines from the North Fork of Long Island are of interest and demand to wine-lovers. Focusing on quality, not quantity, top producers and award winners talk about how their products have evolved.
In the "old days," patients had a doctor for consultation and treatment; for many today that relationship no longer exits. Many rely on emergency rooms. Doctor shortages, long waits for appointments have are of concern to medical professionals.
Stephen Siege and Bruce Mosler-colleagues and friends talk with Michael Stoler about NY's roboust office market, observing that demand has moved west-attractions: the High Line, for one, add to the search for space to work, live and play.
The Borough of Queens-A growing real estate market! Manhattan's boom has fostered the development in Queens with top restaurants in Long Island City, hotels in Flushing, banks; good transportation, more space, and lower costs attract younger renters.
Question of our times: "Do you understand healthcare?" Exchanges, Obama Care, the Affordable Care Act, PEO, Tell-A-Doc, Urgent Care Centers-very complicated! We need strategies to reduce the rate of increase of healthcare. All agreed on the goal.
Experienced real estate professionals and entrepreneurs with keen understanding of the needs of the people who live, work and visit New Jersey talk about revitalization of commercial and residential real estate. The future of Newark, NJ is discussed.
Michael Stoler and guests generally agree that today's real estate market is the best since 2008-residential rentals and prices for office buildings are high, condo market is a great value and foreign investors are very interested in NY real estate.
In a market where demand exceeds supply, housing developers agree that tastes change, needs develop and that they must deliver a quality product to potential buyers. Amenities lead the list; larger units in traditional neighborhoods-very desirable.
Cookies, cakes, breads, chocolates - all handmade, in New York. The products are fresh, beautiful, delicious. But, what does it take to develop and run this kind of business? Who are your customers? Where do you locate your shops? Whom do you hire?
Fitness clubs, "salad" places, healthcare facilities-some new businesses to compliment modern trends. Healthcare facilities may have shifted from physicians/hospitals to provide greater neighborhood access; fitness clubs support concern for appearance.
With lenders, buyers and buyer/sellers, Michael Stoler asks their appraisal of the very hot residential market. Discussion followed about a lack of structure; the future of interest rates; and the sustainability long-term of transactions made today.
What a great opportunity! to step into your grandfather's or your father's business! to keep the business in the family! to continue traditions started long ago. Michael Stoler's guests discuss highs and deep lows of their job as "keeper of the flame."
Times Square's restaurants, retail, hotels, theaters, clubs-attracts 330,000 people every day! Many are visitors; and many work in the already established and newly establishing businesses. Excellent transportation brings high tech offices to the area.
Modern, contemporary, hip or classic, conservative, old-world; Manhattan or the Boroughs (primarily Brooklyn); open floor plan, outdoor space, big windows and, of course, amenities. Many considerations for renters and developers of office space.
Host Michael Stoler greets his guests J. McMillan, DDG; J. Bergstein, Lincoln Equities Group; K. Horn, Alchemy Properties; and J. Levine, Douglaston Development, saying "I can't believe its 2012. The condo market, rental market just like 2007.
Are the "happy days" of the 2007 real estate market back? Property values going up, surprising some at the speed that real estate has come back. Supply is thin; demand robust making for a tight rental market. Cautious optimism or concern over speculation?
Eleven Thousand hotel rooms have been built in New York, over the past few years, with an occupancy rate of 82%. Stoler and his guests ask: what's the effect of "limited" service hotels? and, is there too much supply?
Fifty-four million people visited New York in the past year; filling hotels, restaurants, and theaters. Word-of-mouth and more recently, the use of social media, sells tickets. If you'd like to be an "angel" for fun and profit, invest in musicals.
The question-so far unanswered-what makes a restaurant a success? is discussed. If the answer is talent, creativity, hospitality, service-do these qualities guarantee success? and for how long? Many questions from three restaurateurs & owner/chef.
Michael Stoler and guests describe residential development today in comparison to 2006/2007. The residential market in Brooklyn and Queens is very strong but it's "tough to make deals." Coney Island & Rockaway-waterfront property but poor transportation.
The borough of Queens offers a lot to its residents: parks, museums, restaurants, sporting events, shopping, new development, more affordable rents-all this and excellent transportation to New York City. But what about Rockaway, Queens?
Michael Stoler talks with dedicated Brooklynites-families and business with long histories and relative new-comers, all agreeing that Brooklyn is hip! Families, artists, tech companies, and more - drawn to Brooklyn. Condos vs. rentals-under discussion.
Michael's guests - all under 40 years of age - rising stars, listed among their companies' top executives, discuss clients' interest in the availability of hospitals, schools, parks, transportation, shopping, bike lanes - quality living.
Good owners, stable community, access to transportation hubs - not to mention great universities and restaurants - Michael Stoler and guests are talking about developing residential and office space in Harlem.
Michael Stoler takes us over the river to the Garden State-to the active, energetic state of New Jersey. Conversation focuses on growth in desirable areas and small manufacturing enterprises and the 80/20 market rate apartments being built.
Something for everyone: the "old" New York office market-being converted to a new look and often appealing to non-profits, more traditional businesses There's the "new-cool" NY office with open, collaborative space appealing to younger workers.
We know that everyone wants to be in Manhattan...in Brooklyn...in Lower Manhattan! Michael Stoler and guests agree that the change in demographics, the increase in offices, residential space and retail have made Lower Manhattan a 24/7 community.
Banks are back on their feet ands competition is everywhere - so say Michael Stoler's guests from the banking industry. So where will the banking world be in 2014? Some are expecting a really tough year: regulations, rising interest rates; all continue to see purchases by out of country buyers.
Disturbances around the world have made New York and other world capitals attractive havens for capital. While London was described as even more expensive than New York, the group talked about the "investment values" to be found in NY and the boroughs.
There's an awful lot of capital coming into New York from all over the world, agree Michael Stoler and guests, confirmed by many issues including a run-up in of prices in Brooklyn. New Mayor, New Year, New Opportunities ahead!
Michael Stoler's guests consider the law of supply and demand, concluding that there's "a lot of capital chasing a few deals." The group discusses the best places to buy: Bronx? lower Manhattan? Outer Boroughs? Brooklyn? Retail, Hospitality, Office Space?
Brooklyn is booming! Jobs are growing; people are moving to or back to the borough; industry has been redefined and includes medical service and high tech industries; the apparel industry attracts young designers to work and experiment.
The topic is "networking" and one of the words most used by Michael Stoler and his guests in discussing this topic is "trust." All agreed that networking was like matchmaking; people need to know one another and trust one another to benefit both parties.
Jersey City, NJ is a 24/7 community, with lots going on; for business an "uncovered gem," and for New Yorkers - lower rents. Michael Stoler and guests highlight the benefits of Jersey City - hospitality centers, cultural projects, creative financing.
Michael Stoler and guests, from the hospitality industry in New York, confirm that more hotels are being built for the ever increasing number of visitors to New York. Boutique hotels, full service and select service hotels will surpass their peak of 2007.
Michael Stoler and guests, from community banks, talk about the objectives of the community bank: to lend to the community, to help small and medium business grow in the community, to do what large banks don't do.
Cranes, construction, parking lots-gone; land is very expensive (Manhattan really is an island). Condo's are worrisome; rentals feel more comfortable. Lenders looking for well-positioned deals. And what about affordable housing?
Cutting-edge design and construction: modular units, pre-fabricated in the Brooklyn Navy Yard; housing developments combining luxury, middle and low income units; demand for larger units to raise families in the city; quality at lower cost.
Michael Stoler and 4 guests from the real estate community: 2 major owners, a broker and "the man who has the money" talk about the hot HOT retail market. From Fairway to national restaurant chains to luxury retailers from Europe - retail is on fire!
Michael Stoler and friends and colleagues in banking talk about the future, agreeing that-in the NY lending market-there is a reasonable amount of discipline when considering risk vs. reward. It has to be the right deal.."or we'll walk away."
Michael Stoler and guests express their optimism about New York's future, describing New York as a mature, fully built-out economy, listing education, healthcare, finance and technology as significant growth areas, effecting employment.
Young Friars - comedians, musicians, writers, singers - and Michael Stoler, talk about the business of show biz, how to promote their careers today vs. the "golden days" of vaudeville, burlesque, the Catskills; social media, comedy clubs, YouTube.
From windows and doors, to beer, wine and fermented tea, these products can be stamped "Made in New York." Michael Stoler discusses the particular difficulties of being a manufacturer in NY, and the more universal issues of branding and distribution.
Stoler asks his guests the questions all start-up business ask: How do you get financing for your new venture? How do you get the "buzz" out? It's the restaurant business. The stories are from young entrepreneurs who live it & breath it; eat it & work it.
Many have enjoyed the beauty of Long Island's North Fork wine country. But how many are familiar with or tasted-the grapes grown and wines produced in the region? Michael Stoler and vineyard proprietors and managers ask how to get the word out.
Michael Stoler and guests consider the question: Is the office market as good as it sounds? Prices are high as foreign capital enters the market and inventory decreases. Mid-town South, Hudson Yards, Re-zoning-among many important issues for discussion.
Carlo Scissura, Brooklyn Chamber of Commerce, President & CEO, says, "There's no other place than Brooklyn that anyone should want to be. It's the coolest!" Michael Stoler and guests discuss developments in Brooklyn: real estate, retail, rents & more.
Who's building where; who's lending what - to whom? 3 developers and a banker join Michael Stoler to discuss the great business many banks are experiencing. Cost of construction is up; land prices are up! Low interest, low stock causing price spike.
Michael Stoler admits that getting to the East End of Long Island is "still a schlep," but that it's worth it! Many love the East End, confirmed by Michael, his guests, and the ever increasing number of of buyers coming to the area as full-time residents
Michael Stoler's guests represent industries, growing on Long Island's North Fork & East End: banking, health care, building, and vineyards, all benefiting from the dramatic increase in year-round residents, and those 55+, moving to affordable East End.
Michael Stoler's guests are bullish on the residential market in NYC and in the Outer Boroughs. Foreign investors, pension fund buyers, insurance companies are looking for safe, albeit, small profit. They are also cautious-land prices are on the rise.
According to Michael Stoler and his guests, prices per square foot are higher this year than they were last year in most locations. What's driving the market? Low Interest rates? Good or not so good? And what about upcoming elections, taxes, capital gains
With 52 million visitors to New York and an additional 1,500 hotel rooms added to inventory - New York is "On Fire," exclaims host Michael Stoler. Michael's guests - hotel owners and money lender talk about the competitiveness of the hotel market & more.
When we think about real estate, we think "location, location, location." If your a banker you might think "relationship, relationship, relationship!" M. Stoler and guests comment on similarities/differences in where & to whom banks are lending.
Michael Stoler introduces us to the "Deans of Real Estate," to give us their views of the current real estate market. His guests focus on the lack of rental products being created and the importance of the growth industries to future development.
Presidents, CEO's and COO's of 4 banks join Michael Stoler to discuss their entree into the New York market-why they entered this arena and what they have to offer customers. They describe the niche that they can successfully service as they grow.
The calendar says 2013 but some experts think the real estate industry is acting like its 2007. Though requirements for loans remain better today than they were in 2007, some smaller banks are lowering their standards and making it too easy to lend money
Perhaps it took a while for an interest in wine to take hold in America; perhaps America's own wine making enhanced that interest. There is no question that wine and wine production is a major part of the hospitality industry and America's lifestyle.
People want to be in New York City-or maybe, 7 minutes away. They don't want to be in the suburbs. Roosevelt Island and Long Island City present interesting opportunities. Restaurants on LIC, building for Cornell-Technion campus-something to think about
Drs. Charney, Halperin, Smith and Spiegel focus on the need for primary care physicians and plans designed to encourage doctors to enter and practice this medicine. Health care providers, nurse practitioner and physician associates are discussed.
Michael Stoler asks how each decided to become a doctor. Guests Spiegel liked science; Charney's 1st and 2nd choice was to play or coach pro basketball; for Halperin it was civil rights law; and Smith, to combine people and science.
Disproving the danger of going into business with relatives is not hard for Michael Stoler's guests: sons, grandsons, and cousins representing the 3rd and 4th generation of family businesses. Some had plans for their future. All said family comes first.
The condo market is back! Luxury market inventory is low! Banks are lending! Interest is low and EVERYONE wants to be in New York! High-end realty is particularly exciting, attracting New Yorkers, foreign buyers, those looking for luxury and size.
Stoler talks about the Prudential Tower, a stadium, a Panasonic Tower, a performing arts center - the increase in the hospitality industry, crowded restaurants, the energy and enthusiasm encouraging residential and commercial ventures - Newark is growing!
Michael Stoler and guests look back to Newark's "bad-old days. Fast forward and all agree that Newark is returning: great transportation, hospitality industry, restaurants attracting crowds, Prudential's dedication to the city's future-all good signs.
New York City is the "fashion capital of the world!" Factories may have left NY for countries with cheaper labor. What is left in NY is the Intellectual property: design, creative talent, and the money. The industry is not dead; it's just not the same.
Michael Stoler's guests agree: growth is phenomenal - in retail, hospitality, and residential development. Even in manufacturing! Great highways, ferry service - all key to development.
Michael Stoler and his guests are pleased to discuss the exciting changes being made in Williamsburgh. Business is doing well; apartments are occupied. The questions still being deliberated: have rents peaked? or, are properties still undervalued?
M. Stoler's guests: D. Falk, Newmark Grubb Knight Frank; M. Giglio, Kaufman Management; J. Nelson, Massey Knakal Realty; and R. Lyon, Capital One Bank are looking forward to a brighter economy and continued success in 2013. Time to replenish inventories.
Stoler's guest say that "years ago" nobody went west; 9th Avenue was "out of town." Things have changed, so say J. Moinian, The Moinian Group; P. Wharton, Brookfield Office Properties; C.Albanese, Albanese Organization, & B. Mosler, Cushman & Wakefield.
Michael Stoler and fellow Friars, Len Cariou, Jamie deRoy, Marc Eliot, Stan Gilbert-actor and cabaret performers talk about their love of the music they perform. Friend Sidney Myer, booking agent, agrees that cabaret is here to stay for all to enjoy.
Michael Stoler asks his guests if 2012 was a good year for Broadway. Paul Libin, Jujamcyn Theaters; Robert Wankel, The Shubert Organization; and Nick Scandalios, Nederlander Producing Company agree: 2012 had been a great year, with great hope for 2013!
Michael Stoler and owners/operators of unique shopping centers talk about the current state and future of retail. His guests are C. Conlon, Acadia Realty Trust; L. Petracca, Triange Equi.; R. Wagman, Madison Cap; J. Roseman, Newmark Grubb Knight Frank.
Michael Stoler and Belinda Schwartz, Herrick, Feinstein; Susan Hewitt, Cheshire Group; Margarette Lee, YoungWoo Associates; Julia Hodgson, World Wide Holdings describe two important aspects in the business of developing properties: patience & negotiation.
Michael Stoler continues to talk about healthcare with M. Dowling, president & CEO of North Shore-LIJ Health System; B. Rabner, president & CEO of the Princeton HealthCare System and S. Safyer, M.D., president & CEO of Montefiore Medical Center.
Important & most discussed topic today: healthcare. Sharing ideas on payment, wellness programs, fee for service, ambulatory care are M. Dowling, North Shore LIJ Hospital; B. Rabner, Princeton HealthCare System & Dr. S. Safyer, Montefiore Medical Center.
Stoler and guests peer cautiously into 2013, remarking on the strength of the mid-town south market, activity of boutique hotels and the hospitality industry in Williamsburgh, life style centers, and the growth of retail.
M.Stoler, R. Ivanhoe, Greenberg Traurig; L. Korman, Korman Communities/AKA Hotels; M. Pappagallo, Kimco Realty and O. Yardeni, Stonehenge Partners review past years and generally agree that 2012 was a record year for rental properties. Bullish about 2013.
Michael Stoler and Brennan Keating, M&T Bank; Vijay Dandapani, Apple Core Hotels; Hank Freid, Impulsive Group and Ian Reisner, The OUT NYC talk about the thriving hospitality industry. Every establishment is busy - in all the boroughs.
Stephen G. Kliegerman, Halstead Property Development; Joseph Tahl, Tahl Propp Equities; Ross Jacobs, Cogswell Realty and Drew Greenwald, Grid Properties discuss, among others, Harlem's gentrification, need for retail and for-profit companies.
Michael Stoler is joined by Frank Giantomasi, Genova Burns Giantomasi & Webster; Peter D'Arcy, M&T Bank; Glenn Markman, Cushman & Wakefield, and James Couglan, Tritec Real Estate to talk about the future of their industries, post Hurricane Sandy.
Mid-town may appeal to traditional businesses and services, banks, law firms, but New York South - aka Downtown New York-is home to Conde Nast, media companies, among others. New York is a "vibrant city" where young people want to be.
All agree that there are no bad neighborhoods in New York. There may be "New Frontiers" that are slowly attracting particularly the young in New York. Michael Stoler and his guests acknowledged the re-urbanization of America; the return to the cities.
Michael Stoler asks his colleagues if they foresee another great year? All agree: interest rates continue to be low and, most encouraging, the desire to live in New York, the boroughs, too, continues to flourish. Brooklyn growth; Queens construction!
M. Stoler asks colleagues T. Yantz, Meadow Partners; C. Solomon, Square Mile Capital; K. Davis, Taconic Investment Partners; R. Mack, AREA Property Partners what they see happening in 2012-2013, locally and around the world? Looking for fewer crowds?
Stoler's guests: J. Schotz, SJP Properties;E. Witmondt, Woodmont Properties; R. Beit, RBH Group; and A. DiTommaso, Ivy Equities discuss beautiful skylines, "green" buildings, Teachers Village, Newark's new development, Jersey City & Hoboken-the 6th boro.
Banker Executives, D. Cama, Investors Bank; M.Petrula, M&T Bank; K. Lynch, Oritani Bank; and F. Korzekwinski, Flushing Bank talk with Michael Stoler about multi-family rentals, multiple-use properties and the "For Sale" market.
Host Michael Stoler and guests Scott Alper, The Witkoff Group; Laurie Golub, HFZ Capital; Michael Namer, Alfa Development; and David Von Spreckelsen, Toll Brothers City Living agree "there are no bad neighborhoods in New York."
Kenneth Bernstein President & CEO, Acadia Realty Trust Bruce Mosler Chairman, Global Brokerage Bruce Schanzer Pres. & CEO, Cedar Realty Trust Jay Shah CEO, Hersha Hospitality Trust
Host Michael Stoler and J. Lieber, World Trade Center Properties; J. Larkin, Brookfield; M. Murray, HHM and D. Nieporent, Myriad Restaurant Group talk about ongoing development of a 24-hour community in lower Manhattan. Transportation very important.
Michael Stoler and M. Gora, Golden Lioness Corp; J. Muss, Muss Development, P. Meyer, TD Bank and M. Markowitz-cheerleader and borough president of Brooklyn talked about the amazing energy and progress in the borough.
Host Michael Stoler and Drew Nieporant of Myriad Restaurant Group talk with best selling authors and chefs extraordinaire: Marcus Samuelsson, David Pasternack and Ed Brown about the "incredible food" throughout the country.
Michael Stoler and M. Gora, Golden Lioness Corp; J. Muss, Muss Development, P. Meyer, TD Bank and M. Markowitz-cheerleader and borough president of Brooklyn talked about the amazing energy and progress in the borough.
Michael Stoler and Mitchell Benerofe, Benerofe Properties Corp; Mark Ellman, Celestrial Capital Gp; David Fiore, Marcus Partners; Marjan Murray, People's United Bank; and Robert Weisz, RPW Group discuss residential and commercial markets in Westchester.
Raphael Fishbach Principal, Mesa West Capital Naveen Kakarla Pres. & CEO, Hersha Hospitality Management Larry Korman Co-President, Korman Communities Ian Reisner Principal, Parkview Developers, Managing Partner, OUT NYC
Robert Antonicello Executive Director, Jersey City Redevelopment Agency Kenneth G. Browne Partner, Urban Development Partners NY LLC George Vallone President, The Hoboken Brownstone Company Elnardo J. Webster Partner, Genova Burns Giantomasi & Webster
Ziel Feldman Chairman & CEO, HFZ Capital Carl Goldberg Principal & Partner, Roseland Property Company Miki Naftali Chairman & CEO, Naftali Group Steven Witkoff Chairman & CEO, Witkoff Organization
Panel: James Orphanides, Partner & President, Centurion Holdings; Vincent Riso, Managing Member, Briarwood Organization; Angelo Genova, Partner, Genova Burns Giantomasi & Webster; David Sterling, Chairman & CEO, Sterling & Sterling.
Panel: Ben Stacks, Capital One Bank; John Costa, People's United Bank; Matthew Petrula, M&T Bank
Panel: Martin Nussbaum, Silverstone Property Group; Philip Eisenberg, Urban American; Adam Mermelstein, TreeTop Develoopment; Simon Shkury, Ariel Property Advisors.
Winston Fisher Partner, Fisher Brothers Daniel Jacob Vice President, M&T Bank Danny Rudin Associate, Angelo, Gordon & Co. David Speiser Managing Director, Madison Realty Capital
Ralph Bumbaca Regional Vice President, TD Bank Bruce Mosler Chairman, Global Brokerage Doug Steiner Studio Chief, Steiner Studios Jed Walentas Vice-President, Two-Trees Dumbo
Aaron Jungreis Pres., Rosewood Realty Group Robert Knakal Chairman & Founding Partner, Massey-Knakal Realty Services Richard Lyon Executive VP, Commercial Real Estate, Capital One Bank David Schectman Exec. Managing Director, Eastern Consolidated
Tullio Bertoli Planning Commissioner, Town of Brookhaven Christopher Capece Senior Development Director, AvalonBay Communities Michael Kelly Partner, Rose & Kelly Development Paul Pontieri Mayor, Town of Patchogue
Richard Bernstein Executive Vice Chair/Principal, Cassidy Turley William Elder Executive VP/Managing Director, RXR Realty Arthur J. Mirante Principal & Tri State President, Avison & Young Brian Waterman Vice Chairman, Newmark Grubb Knight Frank
Jeffrey H. Levine Partner, Margolin, Winer & Evens, LLP Mr. Michael Levine Principal, Norse Realty Group Joshua L. Muss Principal, Muss Development Corporation
Matthew Adams Vice President & Managing Director, Hyatt Hotels Sean Hennessey CEO, Lodging Advisors Mark Lanspa Executive Vice President, Wells Fargo Bank Matthew Livian Vice President, Acquisitions, Sydell Group
Scott Alper Principal, The Witkoff Organization Peter G. D'Arcy Group Vice President, Head of Commercial Real Estate, M&T Bank Jeffrey Levine Chairman, Levine Builders & Douglaston Development Jeremy Shell Head, Acquisitions & Finance, TF Conerstone
Thomas Donovan Partner, Massey Knakal Realty Services Manny Malekan President, Malachite Group Barry Rudofsky Managing Member, Bronstein Propertie Ilias Theodoropoulos President, Intercontinental Financial
Kevin Cummings President & CEO, Investors Savings Bank Frank Giantomasi Partner, Genova, Burns & Giantomasi Gus Milano Managing Director, Hartz Mountain Industries Jack Morris President & CEO, Edgewood Properties
Joanne Podell Executive Vice President, Cushman & Wakefield Laura Pomerantz Principal, PBS Gould Ventura/PBS Real Estate Ippolita Rostagno "Ippolita" Richard Wagman Managing Director, Madison Capital
Matthew Galligan EVP & Group Head, CIT RE Finance Daniel Harris EVP, The Dime Savings Bank of Williamsburg Frank Korzekwinski EVP & Chief Lending Officer, Flushing Bank Anthony Simeone Sr. VP & Chief Lending Officer, Ridgewood Savings Bank
Donald Frank Partner, Blank Rome Andy Kozinn President, Saint Laurie Merchant Tailors Paul Neuman President & CEO, Neuman's Catering Ian Reisner Principal, Parkview Developers, Principal, OUT NYC
John Connelly Vice President of Acquisitions, UBS Realty Investors LLC Kathleen Corton Principal, Brickman Real Estate Keith Rosenthal President, Phoenix Real Estate Jordan Socaransky Principal, Westport Capital
Glenn Cohen EVP & CFO, Kimco Realty Corp. Thomas Lydon, Jr. President, City Investment Fund, L.P. Anthony Paolone Executive Director, REIT Research, J.P. Morgan Securities Inc. Krupal Raval VP, Capital Markets, Alexandria Real Estate Equities
Hal Fetner President & CEO, Durst Fetner Residential Robert Knakal Chairman & Founding Partner, Massey-Knakal Realty Services Jeremiah Larkin Senior Vice President, Director of Leasing, Brookfield Office Properties Bruce Mosler Co-Chairman of the Board, Cushman & Wakefield
Scott Conant Chef/Owner, Scarpetta Restaurants Drew Nieporent President, The Myriad Restaurant Group Laurent Tourondel Chef/Restaurateur, LT Hospitality Geoffrey Zakarian Chef/Restaurateur, Iron Chef, The Lambs Club
Lawrence Citarelli Jr. President, Lawrence III Group Mark Hamer President, Timber Ridge Houses Mitchell Rechler Managing Partner, Rechler Equity Partners Kevin Santacroce Executive VP/Chief Lending Officer, Bridgehampton National Bank
Ofer Cohen Founder & President, TerraCRG J.D. Parker VP-Regional Manager, Marcus & Millichap Shimon Shkury Founder & President, Ariel Property Advisors Ronald Solarz Managing Partner, Brookfield Financial
Host Michael Stoler talks with a panel of experts about the condo and rental market, which is currently on the rise. They discuss where the best locations in Manhattan are in the current rental market rise, how and why this market has increased over the past few years, their views on what will be the next big neighborhoods in the area and more. Panelists: Steven Kenny, SVP & Regional Executive, NY/NJ Commercial Real Estate Banking, Bank of America Merrill Lynch; David Kramer, Principal, The Hudson Companies; Joseph McMillan, CEO, DDG; Ofer Yardeni, Managing Partner, Stonehenge Partners, Inc.
Maurice Coleman Senior VP, Community Development, Bank of America Merrill Lynch Paul Freitag Managing Director of Development, Jonathan Rose Companies Daniel Moritz Principal, The Arker Companies Vincent L. Riso Principal-President, The Briarwood Organization LLC
Kevin Cummings President & CEO, Investors Savings Bank Gino Martocci Regional President, Commercial Real Estate Lending, M&T Bank Vincent Palagiano Chairman, Dime Savings Bank/Williamsburg Jason Pendergist JP Morgan Chase
Richard Bernstein Executive Vice Chair/Principal, Cassidy Turley David A. Falk President, NY Tri-State Region, Newmark Knight Frank Paul Myers Executive Vice President, CB Richard Ellis Franklin Speyer Vice Chairman, Cushman & Wakefield
Angelo Genova Senior Partner, Genova, Burns & Giantomasi Richard Tucker President & CEO, Tucker Development Jeff Vanderbeek Chairman & Management Partner, Devils Arena Entertainment Prudential Center Adam Zipkin Deputy Mayor, Economics and Housing Development, City of Newark
Richard Baker Hudson's Bay Trading Co. Joseph Ficalora Chairman, Pres. & CEO, New York Community Bancorp, Inc. James D. Kuhn President and Principal, Newmark Knight Frank Lee Neibart Apollo Real Estate Advisor
Richard Baker Hudson's Bay Trading Co. Joseph Ficalora Chairman, Pres. & CEO, New York Community Bancorp, Inc. James D. Kuhn President and Principal, Newmark Knight Frank Lee Neibart Apollo Real Estate Advisor
Kenneth Bernstein President & CEO, Acadia Realty Trust Patrick Callan CEO, 1 Liberty Properties, Inc. Michael Pappagallo EVP & COO, Kimco Realty Neil Shah President & COO, Hersha Hospitality Trust
Carl Goldberg Managing Partner, Roseland Property Company Allen Goldman President, SJP Residential Michael Seeve President, Mountain Development Corp. Emanuel Stern President & COO, Hartz Mountain Industries, Inc.
John T. Adams First Senior VP/Senior Mortgage Origination, New York Community Bank James L. Coughlan Principal, TRITEC Real Estate Company, Inc. Michael F. Puntillo Jr. President, Jobco Realty and Construction David Scro Vice President, Country View Properties
Leslie Wohlman Himmel Managing Partner, Himmel + Meringoff Properties Bruce Mosler Co-Chairman of the Board, Cushman & Wakefield Jason Muss Principal, Muss Development LLC Norman Sturner Managing Member, Murray Hill Properties
James Erlacher Vice President, Sofitel Luxury Hotels Jason Lipiec Group Manager, M&T Bank Hung Luk COO, The Lam Group Will Obeid President & CEO, Gemini Real Estate Advisors, LLC
Marc Glosserman Restaurateur, Hill Country Hospitality Drew Nieporent President, The Myriad Restaurant Group Luke Ostrom The Maverix Group Phil Suarez President, Suarez Restaurant Group
Alan Hammer Real Estate Attorney, Brach Eichler Stephen L. Rabinowitz Chairman, NY Real Estate, Greenberg Traurig, LLP Dennis W. Russo Partner & Co-Chair, Real Estate Dept., Herrick Feinstein LLP Stuart Saft Partner, Real Estate Dept., Dewey & LeBoeuf
Eric Benaim CEO, Modern Spaces David Brause President, Brause Realty, Inc. Thomas Elghanayan Chairman, TF Cornerstone Alan Suna CEO, Silvercup Studios
Edward Blumenfeld Chairman, Blumenfeld Development Group Peter Ripka Ripco Real Estate Will Silverman Managing Partner, Studley Properties Benjamin Stacks Market Manager, NY Commercial Real Estate, Capital One Bank
Kevin Cummings President & CEO, Investors Savings Bank Daniel Harris Executive Vice President, The Dime Savings Bank of Williamsburg Steven Kenny SVP & Regional Executive, NY/NJ Commercial Real Estate Banking, Bank of America Merrill Lynch Benjamin Stacks Market Manager, NY Commercial Real Estate, Capital One Bank
Russell Appell Founder & President, The Praedium Group LLC Michael D. Boxer Founding Partner, Ramius Capital Group Longview Jeffrey Kaplan Managing Partner, Meadow Partners Steven Wolf Partner, AREA Property Partners
Joel Breitkopf Partner, Alchemy Properties Inc. Peter G. D'Arcy Group Vice President, Head of Commercial Real Estate, M&T Bank Jeffrey Levine Chairman, Levine Builders & Douglaston Development David Von Spreckelsen Senior Vice President, Toll Brothers City Living
Peter Hauspurg Chairman & CEO, Eastern Consolidated Aaron Jungreis President, Rosewood Realty Group Robert Knakal Chairman & Founding Partner, Massey-Knakal Realty Services Spencer G. Levy Executive Managing Director, CB Richard Ellis Capital Markets
Joseph Ficalora Chairman, Pres. & CEO, New York Community Bancorp, Inc. Scott Rechler Chair & CEO, RXR Realty Steven Witkoff CEO, The Witkoff Group Ofer Yardeni Managing Partner, Stonehenge Partners, Inc
Mark Boisi Chair, New York Region, Cassidy Turley Paul Glickman Vice Chairman, Jones Lang LaSalle Josh Kuriloff Vice Chairman, Cushman & Wakefield John Maher Executive Vice President, CB Richard Ellis
Leonard Boxer Stroock & Stroock & Lavan Fred Gould BRT Realty Trust Robert Levine President & CEO, RAL Companies, Inc. James Orphanides President, Centurion Holdings
Jeffrey Levine Chairman, Levine Builders & Douglaston Development Scott Mager Chairman & CEO, Perfect Building Maintenance Alan Suna CEO, Silvercup Studios Ofer Yardeni Managing Partner, Stonehenge Partners, Inc
John T. Adams First Senior VP/Senior Mortgage Origination, New York Community Bank Melissa Farrell Managing Director, Prudential Mortgage Capital Co. William C. McCahill Executive Vice President, Capital One Bank David McNeill Executive Director, Deka Bank
Dennis Friedrich Pres. & CEO, US Commercial Operations, Brookfield Office Properties Joseph Moinian President and CEO, The Moinian Group Gary Rosenberg Senior Partner, Rosenberg & Estis Larry Silverstein Silverstein Properties Inc
John Connelly Vice President of Acquisitions, UBS Realty Investors LLC Jeffrey Lenobel Partner, Schulte Roth & Zabel LLP Adam Popper Senior VP 7 Director Office of Acquisitions, Vornado Realty Trust Robert Silpe Senior Vice President of Development, Boston Properties
Amanda Freitag Executive Chef & TV personality Paul Liebrandt Executive Chef/Co-Owner, Corton Drew Nieporent President, The Myriad Restaurant Group Jonathan Waxman Restaurant-chef, Barbuto Restaurant
Kevin Colket Vice President of Acquisitions, Starwood Capital Group Naveen Kakarla Pres. & CEO, Hersha Hospitality Management Larry Korman Co-President, Korman Communities Will Obeid President & CEO, Gemini Real Estate Advisors, LLC
Jan Burman President, The Engel Burman Group Damon Pazzaglini COO, Durst Fetner Residential, Sidney Fetner Associates David Picket President, Gotham Organization Joseph A. Tahl President & Co-Founder, Tahl Prop Equities
Brian Corcoran Exec. Vice President, Cushman & Wakefield Jerome Kretchmer President, Kretchmer Companies, Inc. Thomas Lydon, Jr. President, City Investment Fund, L.P. Vincent L. Riso Principal-President, The Briarwood Organization LLC
David Blumenfeld Vice-President, Blumenfeld Development Group John J. Gutleber Pres. & CEO, Castagna Realty Co. Inc. Charles Hirsch President, Milbrook Properties, Ltd. Michael Pappagallo EVP & COO, Kimco Realty
Peter D'Arcy Group VP, Head of Comml. R.E., M&T Bank Kermit R. Dyke First SVP, Valley National Bank Steven Kenny SVP & Regional Executive, NY/NJ Comml. R.E. Banking, BofA Merrill Lynch Benjamin Stacks Market Mngr, NY Commercial R.E., Capital One Bank
Scott Burman Partner, Engel Burman Group Martin Nussbaum Property Manager, Silverstone Property Group Daniel Shields Administrative Vice President, M&T Bank Joshua Zegen Managing Partner & Co-Founder, Madison Realty Capital
Henry Celestino Financial, L&L Holding Company, LLC Kenneth Czech Strategic Product Development & Innovation, Philips Lightolier Charles Krobot President, Kilroy Architectural Windows Paul Rode Account Executive, Local Government, Johnson Controls, Inc
Kevin Cummings President & CEO, Investors Savings Bank Barry R. Mandelbaum Mandelbaum, Salsburg, Lazris and Discenza P.C. Carey Tajfel President, Hotels Unlimited Eric Witmondt CEO, Woodmont Properties
Jeffrey Citrin Managing Principal, Square Mile Capital Richard J. Mack Partner, Apollo R.E. Advisors Scott Schwartz Senior Managing Dir. & Co-Head of Real State, Marathon Asset Management David Welsh Founding Managing Principal, Normandy R.E. Partners
Jay Epstien Chair, DLA Piper LLP Robert J. Ivanhoe Chairman, Greenberg Traurig, LLP Kenneth Lore Partner, Bingham McCutchen LLP Robin Panovka Partner, Wachtell Lipton, Rosen & Katz LLP
Kimberly Carafaro Managing Director, Residential Assets, The Moinian Group Philip M. Eisenberg Chairman & CEO, Urban American Management David Kramer Principal, The Hudson Companies David Von Spreckelsen Senior Vice President, Toll Brothers City Living
Mark Boisi Chair, New York Region, Cassidy Turley Bruce Mosler Co-Chairman of the Board, Cushman & Wakefield Patrick Murphy Vice Chairman, CB Richard Ellis Moshe Sukenik Executive Vice President, Newmark Knight Frank
Ronnie Levine, Meridian Capital Group LLC Joshua L. Muss, Muss Development Corporation Mitchell B. Rutter, Essex Capital Partners Jordan E. Slone, Harbor Group International LLC
Ronnie Conigliaro, Marcum LLP Jeffrey H. Levine, Margolin, Winer & Evens, LLP David McKelvey, Friedman LLP Seth Molod, Berdon LLP
Ralph Esposito, Bovis Lend Lease Jeffrey Levine, Levine Builders & Douglaston Development Joel I. Picket, Gotham Construction Frank Sciame, F.J. Sciame Construction Co., Inc.
Joseph Ficalora, New York Community Bancorp, Inc. Daniel Harris, The Dime Savings Bank of Williamsburg Ralph Herzka, Meridian Capital Group, LLC Gino Martocci, Commercial Real Estate Lending, M&T Bank
Michael Lomonaco, Porterhouse New York Julian Niccolini, Four Seasons Drew Nieporent, The Myriad Restaurant Group Buzzy O’Keefe, The Water Club
Jared Epstein, Aurora Capital Associates; Joseph McMillan, DDG; Paul E. Pariser, Taconic Investment Partners; Steven Witkoff, The Witkoff Group
Eric Gural, Newmark Knight Frank Ben Korman, C&K Properties Berndt Perl, APF Properties LLC Christopher Schlank, Savanna
Woody Heller, Group Head, Capital Transactions Group, Studley Robert Knakal, Massey-Knakal Realty Services David Lebenstein, Cassidy Turley Alan Miller, Eastern Consolidated
Michael Adamo, The Briarwood Organization Brooke Cianfichi, NYC Commercial Banking, M&T Bank Benjamin Levine, Douglaston Development Brittain Youngblood, Strategic Advisory Services, Newmark Knight Frank
Roy Chin, TD Bank Steven Kenny, NY/NJ Commercial Real Estate Banking, Bank of America Merrill Lynch William C. McCahill, Apollo Real Estate Advisors L.P. Michael E. Shields, ING Real Estate Finance (USA) LLC
Gregory Braca,TD Bank Louis Cappelli, Sterling National Bank John Cook, M&T Bank Kevin Cummings, Investors Savings Bank
David Dishy, L&M Development Partners Richard Froelich. New York City Housing Development Corporation Aaron Koffman, The Hudson Companies Eli Weiss, Jackson Development Group
Allen Gross, GFI Capital Resources Naveen Kakarla, Hersha Hospitality Management Jason Lipiec, M&T Bank Will Obeid, Gemini Real Estate Advisors, LLC
Richard S. Fries, Bingham McCutchen Keith Pattiz, McDermott Will & Emery LLP Robert J. Wertheimer Douglas Wisner, Clifford Chance US LLP
Joel Breitkopf, Partner, Alchemy Properties Susan DeFranco, President, Related Sales LLC Michael Kaye, President, Douglaston Development Robert Scaglion, Senior Managing Director, Residential Marketing, Rose Associates
J. T. Adams, First Senior VP/Senior Mortgage Origination, New York Community Bank G. Martocci, Regional President, Commercial RE Lending, M&T Bank V. Palagiano, Chairman, Dime Savings Bank/Williamsburg S. Rosenberg, Chairman & CEO, Greystone & Co.
Marc Berson, Chairman, Fidelco Realty Group Frank Giantomasi, Partner, Genova, Burns & Giantomasi Samer Hanini, Principal, Hanini Group John Morillo, Project Manager, John’s Pizzeria Times Square
Peter Hennessy, President, NY Tri-State Cassidy Turley Michael R. Laginestra, Chairman, CB Richard Ellis Bruce Mosler, Co-Chairman of the Board, Cushman & Wakefield Peter Riguardi, President, Jones Lang LaSalle
Kenneth Bernstein, President & CEO, Acadia Realty Trust Joseph Ficalora, Chairman, Pres. & CEO, New York Community Bancorp, Inc. Jeffrey Levine, Chairman, Levine Builders & Douglaston Development Stephen Ross Chairman & CEO, The Related Companies
Robert Cayre, President, Aurora Capital Associates, Dominick Costello, Co-Founder & President, Ricky’s NYC Jeffrey Roseman, EVP, Newmark Knight Frank Retail Richard Wagman, Director, Madison Capital
Joseph J. Grano, Jr, President/CEO, UBS Paine Webber Gino Martocci, Regional President, Commercial Real Estate Lending, M&T Bank James Orphanides, President, Centurion Holdings Scott Shay, Chairman of the Board, Signature Bank
David Brause, Vice President, Brause Realty, Inc. Patricia Dunphy, Sr. Vice President, Rockrose Development Corp. Alan Suna, CEO, Silvercup Studios Frank Zuckerbrot, President, Sholom & Zuckerbrot Realty
Jeffrey Baker, Executive Managing Director, Savills, LLC Peter Hauspurg, Chairman & CEO, Eastern Consolidated Robert Knakal, Chairman & Founding Partner, Massey-Knakal Realty Services David Noonan, Principal, Newmark Knight Frank
Jay Goldstein, Senior Partner, Friedman LLP Jeffrey Levine, President, Levine Builders & Douglaston Development Will Obeid, President, Gemini Real Estate Advisors, LLC Jeffrey Rich, Partner, Director Commercial Real Estate, Genova, Burns & Giantomasi
J. Carpenter, Sr. Exec. VP & Chief Lending Officer, NY Community Bank R. Chin, Sr. VP, Regional Dir. of Comm. R.E, TD Bank P. D’Arcy, Group VP, Head of Comm. R.E, M&T Bank S. Kenny, SVP & Regional Exec., NY/NJ Comm. R.E, Banking, BofA Merrill Lynch
Jonathan Estreich, Founding Partner, RCG Longview J. Michael Fried, Founder & CEO, Phoenix Realty Group Jeffrey Kaplan, Managing Partner, Meadow Partners Robert Vahradian, Senior Managing Director, Golden Tree InSite Partners
Dennis Friedrich, Pres. & CEO, US Coml. Operations, Brookfield OfficeProperties Joseph Moinian, Pres., and CEO, The Moinian Group Mark Portner, Mng. Dir., Capital Transactions Gp, Shorenstein Realty Services, LP Scott Rechler, Chair & CEO, RXR Realty
Drew Nieporent, President, The Myriad Restaurant Group Phil Scotti, Owner, P.J. Clarke’s, The Clarke’s Group Alan Stillman, Founder, Fourth Wall Restaurants LLC Phil Suarez, President, Suarez Restaurant Group
Bill Anderson, Principal, Prudential Real Estate Investors Michael Geoghegan, Vice Chairman, CB Richard Ellis Steven Pozycki, Chairman & CEO, SJP Properties Ronald Sernau, Co-Chair, Real Estate Development, Proskauer Rose LLP
Joseph Ficalora, Chairman/Pres., & CEO, New York Community Bancorp, Inc. Michael Meyer, Pres., F&T Group Vincent L. Riso, Principal-Pres., The Briarwood Organization LLC Claire Shulman, Pres., & CEO, The Flushing, Willets Point, Corona Local DEV Corp.
Ralph Herzka, President & CEO, Meridian Capital Group, LLC Jeffrey Levine, President, Levine Builders & Douglaston Development Gino Martocci, Regional President, Commercial Real Estate Lending, M&T Bank Steven Witkoff, CEO, The Witkoff Group
David A. Falk, Pres., NY Tri-State Region, Newmark Knight Frank Joseph Harbert, COO, NY Metropolitan Region, Cushman & Wakefield Norman Sturner, Managing Member, Murray Hill Properties Jeffrey Sussman, Executive V.P., Edward J. Minskoff Equities, Inc.
Philip M. Eisenberg, Chairman & CEO, Urban American Management Hal Fetner, President & CEO, Durst Fetner Residential Richard Marin, Chairman & CEO, Africa Israel Investment (USA) David Von Spreckelsen, Senior Vice President, Toll Brothers City Living
J. T. Adams, First Senior VP/Senior Mtg. Origination, New York Community Bank K. Cummings, Pres. & CEO, Investors Savings Bank D. Harris, Exec. V.P., The Dime Savings Bank of Williamsburg R. Lyon, Exec. V.P., Commercial Real Estate, Capital One Bank
John A. Catsimatidis, Chairman & CEO, Red Apple Group, Inc. Allen Goldman, President, SJP Residential Charles Krobot, President, Kilroy Architectural Windows James Orphanides, President, Centurion Holdings
Casey Klein, Director, Crescent Heights Joseph Koicim, Senior Associate, Marcus & Millichap Benjamin Levine Project Manager, Douglaston Development Andrew Sciame, Project Manager, F.J. Sciame Construction Co., Inc.
J. Caplan, Exec. Managing Dir., NY Capital Markets Groups, J. Lang LaSalle Peter Hauspurg, Chair. & CEO, Eastern Consolidated R. Knakal, Chair. & Founding Partner, Massey-Knakal Realty Services F. P. Liantonio, Exec. VP., Cushman & Wakefield
Peter J. Cocoziello, Advance Realty Frank J. Giamtomasi, Partner, Genova, Burns & Giamtomasi Murray Kushner, Principal, SK Properties Emanuel Stern, President & COO, Hartz Mountain Industries, Inc.
Dominick Cama, Executive Vice President & COO, Investors Saving Bank Philip M. Eisenberg, CEO, Urban American Management Kenneth S. Horn, President, Alchemy Properties Ofer Yardeni, Managing Partner, Stonehenge Partners, Inc.
Mark Baisch, President, Landmark Properties Robert J. Coughlan, Principal & Co-Founder, Tritec Real Estate Company Michael Dubb, President, The Beechwood Organization Matthew Whalen, Vice President, Development, AvalonBay Communities, Inc.
David Burke, Owner, The Burke Group Peter Xavier Kelly, Owner, Xaviars Restaurant Group Tony May, Owner, SD26, Restaurant & Wine Bar Drew Nieporent, President, The Myriad Restaurant Group
Robert Antonicello, Executive Director, Jersey City Redevelopment Agency David Barry, President, Ironstate Development Co. George Filopoulos, President, Metrovest Jeffrey Persky, Senior Vice President, S/K Properties
Fred Harris, Senior Vice President, Avalon Bay Communities David Kramer, Principal, The Hudson Companies Jeffrey Levine, President, Levine Builders & Douglaston Development Marty Markowitz, President, Brooklyn Borough
Bruce Batkin, President, Terra Capital Partners Matthew Landau, Principal, Westport Capital Partners Scott Schwartz, Senior Managing Dir. & Co-Head of Real State, Marathon Asset Management Robert Vahradian, Managing Dir., Golden Tree InSite Partners
J. Mechanic, Chairman of the RE Dept., Fried Frank Harris Shriver & Jacobson Bruce Mosler, Co-Chairman of the Board, Cushman & Wakefield Steven Pozycki, Chairman & CEO, SJP Properties Stephen Siegel, Chairman, Global Brokerage/CB Richard Ellis
Kevin Cummings, CEO, Inv. Savings Bank Joseph Ficalora, Chairman/Pres. & CEO, NY Community Bancorp, Inc. Daniel Harris, Executive VP., Dime Savings Bank of Williamsburg Gino Martocci, Senior VP., Comm. Real Estate Lending, M&T Bank
Philip M. Eisenberg, CEO, Urban American Management Laurence Gluck, Founder/Principal, Stellar Management David Kramer, Principal, The Hudson Companies Ofer Yardeni, Managing Partner, Stonehenge Partners, Inc.
Ronnie Conigliaro, Partner, Marcum LLP Jay Goldstein, Senior Partner, Friedman LLP Paul Konigsberg, President, Konigsberg Wolf & Co. Jeffrey Levine, President, Levine Builders & Douglaston Development
Mark Boisi, Chair, New York Region, Cassidy Turley Matt Van Buren, Executive Managing Director, CB Richard Ellis Joseph Harbert, COO, New York Metropolitan Region, Cushman & Wakefield Mark Weiss, Vice Chairman, Newmark Knight Frank
Peter Duncan, President, George Comfort & Sons Jeffrey Levine, President, Levine Builders & Douglaston Development Thomas Lydon, Jr., President, City Investment Fund, L.P. James Orphanides, Chairman, Orphanides & Associates
Sam Chandon, Executive Vice President & Chief Economist, Real Capital Analytics Philip M. Eisenberg, CEO, Urban American Management Ronald Greenspan, Senior Managing Director, FTI Consultant David A. Sterling, Chair & CEO, Sterling & Sterling, Inc.
Joe Bastianich, Principal, B&B Ristorante James Bradley, Partner, Red Cat Restaurant Sheldon Fireman, Owner, Fireman Hospitality Group Drew Nieporent, President, The Myriad Restaurant Group
Kenneth Bernstein, President & CEO, Acadia Realty Trust Jeffrey Gould, President & CEO, BRT Realty Trust Neil Shah, President & COO, Hersha Hospitality Trust Stuart Tanz, CEO, Retail Opportunity Investments Corp.
Alan Bell, Principal, The Hudson Companies Incorporated Mary Brennan, Field Officer, Community Preservation Corporation Jessica Katz, Executive Director, The Lantern Organization Vincent L. Riso, Principal, The Briarwood Organization LLC
David Arena, President, Grubb & Ellis New York Dan Blanco, Principal, Broad Street Development Michael Giglio, Chief Financial Officer/Dir. of Acquisitions, Kaufman Organization Peter Turchin, Executive Vice President, CB Richard Ellis
Jay Goldstein, Senior Partner, Friedman LLP Scott Handler, Principal, Handler Real Estate Services Michael Seeve, President, Mountain Development Corp. Anthony Westreich, President & CEO, Monday Properties
J. O. Barden, GM., NY Rep Office, DG HYP J. Bassil, Man Dir., Head Real Estate Finance-N.A., NORD/LB P. Hannigan, Man Dir., PB Capital D. McNeill, Exec. Dir., Deka Bank J. Mirman, Sr. VP., H. Bank C. L. Rooke, GM. & Man Dir., Eurohypo
J T. Adams, Fst SVP/SML OFCR, NY Com. BA D Cama, Exec VP & COO, Inv. Sav BA R Lyon, Exec VP, Com. RE, Capital One BA G Martocci, SVP, Com. RE Lending, M&T BA V Palagiano, Chmn, Dime Sav BA/Williamsburg M Sarkozi, Mng Dir., JP Morgan
J T. Adams, Fst SVP/SML OFCR, NY Com. BA D Cama, Exec VP & COO, Inv. Sav BA R Lyon, Exec VP, Com. RE, Capital One BA G Martocci, SVP, Com. RE Lending, M&T BA V Palagiano, Chmn, Dime Sav BA/Williamsburg M Sarkozi, Mng Dir., JP Morgan
Joseph Ficalora, Chairman/President & CEO, New York Community Bancorp, Inc. Daniel R. Garodnick, NYC Councilman James D. Kuhn, President and Principal, Newmark Knight Frank Steven Witkoff, CEO, The Witkoff Group
Elizabeth H. Berger, President, Alliance for Downtown New York Inc. Greg Carney, Principal, Youngwoo & Associates Ross Moskowitz, Patner, Stroock & Stroock & Lavan LLP Frank Sciame, Chairman & CEO, F.J. Sciame Construction Co., Inc.
Adrienne Albert, CEO, Marketing Directors Cynthia Foster, Executive Managing Director, Cushman & Wakefield Leslie Harwood, Managing Director, Newmark Knight Frank Amy Rose, Co-President, Rose Associates
Jeffrey A. Barclay, Managing Dir./Head of Acqn, ING Clarion Robert J. Ivanhoe, Chairman, Greenberg Traurig, LLP Paul E. Pariser, Co-Founder and Co-Chief Exec. Officer, Taconic Inv. Partners Craig Solomon, Mgmt Princ., Square Mile Capital Mgmt LLC
Joseph Ficalora, Chairman/President & CEO, New York Community Bancorp, Inc. James D. Kuhn President and Principal, Newmark Knight Frank Bruce Mosler, Co-Chairman of the Board, Cushman & Wakefield Steven Witkoff, CEO, The Witkoff Group
Joseph Ficalora, Chairman/President & CEO, New York Community Bancorp, Inc. James D. Kuhn, President and Principal, Newmark Knight Frank Bruce Mosler, Co-Chairman of the Board, Cushman & Wakefield Steven Witkoff, CEO, The Witkoff Group
Jack Jaffa, CEO, Jack Jaffa & Associates Ronnie Levine, Managing Director, Meridian Capital Group LLC Kevin M. Salmon, Partner, Salmon & Marshall Peter Von Der Ahe, Vice President/Investment, Marcus & Millichap
Thomas Elghanayan, Chairman, TF Cornerstone Hal Fetner, President & CEO, Durst Fetner Residential Jeffrey Levine, President, Levine Builders & Douglaston Development David Picket President, Gotham Organization
Steven Durels, Executive Vice President, SL Green & Co. David A. Falk, President, NY Tri-State Region, Newmark Knight Frank Augustus B. Field IV, Executive Vice President, Cushman & Wakefield Andrew Levin, Sr. Vice President, Leasing, Boston Properties
Richard Coppola, Managing Director, TIAA-CREF Melissa Farrell, Managing Director, Prudential Mortgage Capital Co. Greg Walz, Managing Director, Northwestern Investment Management Co.
Michael Dubb, President, The Beechwood Organization Joseph Mattone, Chairman, Mattone Group, LLC Mario Procida, Principal, Procida Realty & Construction Corp. Vincent L. Riso, Principal, The Briarwood Organization LLC
Robert Knakal, Chairman & Founding Partner, Massey-Knakal Realty Services Gino Martocci, Senior VP, Commercial Real Estate Lending, M&T Bank Scott Swerdlin, Senior VP, Capital One Bank Ofer Yardeni, Managing Partner, Stonehenge Partners, Inc.
Robert Knakal, Chairman & Founding Partner, Massey-Knakal Realty Services Gino Martocci, Senior VP, Commercial Real Estate Lending, M&T Bank Scott Swerdlin, Senior VP, Capital One Bank Ofer Yardeni, Managing Partner, Stonehenge Partners, Inc.
Vijay Dandapani, President & CEO, Apple Core Hotels Brad Honigfeld, Principal, Briad Group Jason Lipiec, Group Manager, M&T Bank Michael Sullivan, Director-Hospitality, Gemini Real Estate Advisors
Robert Ambrosi, President, ARC Properties H. Gary Gabriel, EVP - Capital Markets Group, Cushman & Wakefield of New Jersey Ron Ladell, VP Development, Avalon Bay Communities Brian Stolar, President & CEO, Pinnacle Companies
Gregory J. Fierce, Executive VP, Amalgamated Bank Daniel Harris, Executive VP, Dime Savings Bank of Williamsburg John Manginelli, Regional Manager, Real Estate Capital, Key Bank Randy Nielsen, Executive Chairman of the Board, Herald National Bank
Michael Brody, Pres. & COO, Loeb Partners Realty Jeffrey Lenobel, Partner, Schulte Roth and Zabel Jeffrey Levine, President, Levine Builders & Douglaston Development Anthony Westreich, Chairman & CEO, Monday Properties
Hal Fetner, President & CEO, Durst Fetner Residential Paul Massey, Founding Partner & CEO, Massey Knakal Realty Service Norman Sturner, CEO, Murray Hill Properties Ofer Yardeni, Managing Partner, Stonehenge Partners, Inc.
James Carpenter, Sr. Exec. VP & Chief Lending Officer, NY Community Bank Roy Chin, Sr. VP, Real Estate Regional Exec. Bank of NY Richard Lyon, Exec. VP, Comm. Real Estate, Capital One Bank Gino Martocci, Sr. VP, Comm. Real Estate Lending, M&T Bank
Sam Chandan, Chief Economist & President, Real Estate Economics Joseph Ficalora, Chairman/President & CEO, New York Community Bancorp, Inc. Bruce Mosler, President & CEO, Cushman & Wakefield Steven Witkoff, CEO, The Witkoff Group
Joseph Ficalora, Chairman/President & CEO, New York Community Bancorp, Inc. Bruce Mosler, President & CEO, Cushman & Wakefield Steven Witkoff, CEO, The Witkoff Group Mort Zuckerman, Chairman, Boston Properties
Kenneth Aschendorf, Partner, APF Properties Ronald Edelstein, Executive Vice President, Edel Family Management Corp. Robert J. Ivanhoe, Chairman, Greenberg Traurig, LLP Robert Knakal, Chairman & Founding Partner, Massey-Knakal Realty Services
Kevin Chisholm, Principal, Savanna Real Estate Fund Brian Ray, Managing Partner, ABR Partners Jeffrey Rosenblum, Vice President, First Metropolitan Properties Will Silverman, Corporate Managing Director, Studley Properties
Domenick Esposito, COO, J.H. Cohn LLP Bruce Madnick, Managing Partner, Friedman LLP Frank Schettino, Executive Partner, Anchin
Sean Hennessey, CEO, Lodging Advisors Eric Lewis, Managing Director, Hospitality & Gaming Group, Cushman & Wakefield, Inc. Will Obeid, President, Gemini Real Estate Advisors, LLC Neil Shah, President & COO, Hersha Hospitality Trust
Joshua Daitch, Senior Managing Director, Mesirow Financial Kyle Elfers, Senior Vice President, The John Buck Company Gideon Gil, Managing Principal, Madison Realty Capital
Sam Chandan, Chief Economist, Reis Inc. Sam Giarrusso, Senior Vice President, M & T Bank James Orphanides, Chairman Emeritus, First American Title Insurance Co. of NY Steven Witkoff, President, The Witkoff Group
Judah M. Feigenbaum, CEO, Advance Platform Applications, Inc. Jeffrey Fiedler, Pres., The Fiedler Companies, Inc. David Klein, Pres., International Blind Contractors, LTD. Charles Krobot, Pres., Kilroy Metal Products, New York’s WIndow Products
Robert A. Familant, Treasurer & CEO, Progressive Credit Union Joseph Harpster, Executive Vice President, Chief Credit Union Officer, Herald National Bank Stuart Lubow, Chairman, Community National Bank Joseph Murphy, Jr., President, County Bank
Anthony DiTommaso, CEO, Ivy Equities Emanuel Stern, President & COO, Hartz Mountain Industries, Inc. David Welsh, Founding Managing Principal, Normandy Real Estate Partners
Donald Capoccia, Partner, BFC Partners Louis Greco, Second Development Services David Kramer, Principal, The Hudson Companies David Von Spreckelsen, Senior Vice President, Toll Brothers City Living
James D. Kuhn, President and Principal, Newmark Knight Frank Bruce Mosler, President & CEO, Cushman & Wakefield Stephen Siegel, Chairman, Global Brokerage/CB Richard Ellis
Kenneth Bernstein, President & CEO, Acadia Realty Trust Richard Gorsky, Managing Director, Ramius/RCG Longview Norman Sturner, Principal, Murray Hill Properties Joshua Zegen, Managing Partner & Co-Founder, Madison Realty Capital
Dan Healy, Chairman of the Board, Herald National Bank Martin Luskin, Partner, Blank Rome, LLP Stephen L. Rabinowitz, Chairman, NY Real Estate, Greenberg Traurig, LLP Simon Ziff, President, Ackman Ziff
Charles Hirsch, President, Milbrook Properties, Ltd. Joanne Podell, Executive Vice President, Cushman & Wakefield Carlo Tunioli, President, Benetton USA Michael Weeks, Vice President, Real Estate and Construction, Godiva Chocolatier, Inc.
Terrance Brennan, Chef-Proprietor, Artisanal Bistro & Wine Bar Dave Pasternack, Chef-Partner, Esca Martin Shapiro, Founding Partner, Myriad Restaurant Group David Swinghamer, Partner & President, Growth Business Division, Union Square Hospitality Group
Ira Bergstein, Principal, Palisades Financial Gideon Gil Managing Principal, Madison Realty Capital Greta Guggenheim, President, Ladder Capital Finance LLC David Heiden, Partner, W Financial Mortgage Fund
David Bagatelle, Pres & CEO, Herald Nat. Bank Kermit R. Dyke, 1st Sen VP, Valley Nat. Bank Gregory J. Fierce Exec VP, Amalgamated Bank Gino Martocci, Sen VP, Comm. R.E. Lending, M&T Bank Richard Schuler, Pres & CEO, First Bank & Trust Co. of Ill.
Charles Brass, Executive Vice President, Atlantic Development Group Philip Eisenberg, CEO, Urban American Management Lloyd Goldman, President, BLDG Management Co., Inc. Joel Sieden, Founder & Managing Member, Stonehenge Partners
Anthony Dolce, Managing Partner, R.C. Dolner Co., LLC Jeffrey Levine, President, Levine Builders & Douglaston Development Joel I. Picket, Chairman & CEO, Gotham Construction Frank Sciame, Chairman & CEO, F.J. Sciame Construction Co., Inc.
Howard Fiddle, Vice Chairman, CB Richard Ellis Laurie Grasso, Partner, Herrick, Feinstein Suzy Reingold, Executive Managing Director, Cushman & Wakefield Wendy Silverstein, Executive Vice President, Capital Markets/Vornado Realty Trust
Hal Fetner, President & CEO, Durst Fetner Residential Peter Fine, Atlantic Development Group Kenneth S. Horn President, Alchemy Properties Vincent L. Riso, Managing Member, The Briarwood Organization LLC
David Arena, President, Grubb & Ellis New York Robert Freedman, Chairman, First Service Williams Mitchell Konsker, Executive Director, Cushman & Wakefield Peter Riguardi, President, Jones Lang LaSalle
Carolie Burroughs, Portfolio Manager, Madison Square Inv. Andrew Calderwood, Portfolio Manager, Perennial Real Estate Inv. Jon Cheigh, Portfolio Manager, Cohen & Steers Anthony Paolone, Executive Director, REIT Research, J.P. Morgan Securities Inc.
Arthur J. Hedge, Jr., Board of Trustees, NY Presbyterian Hospital George Heinrich, Chairman of the Board, NY Hospital Queens Joel I. Picket, Member of the Board, Continuum Health Partners David A. Tanner,Chairman of the Board, Montefiore Medical Center
Stanley Brezenoff, President, Continuum Health Partners Robert Grossman, Dean & CEO, NYU Langone Medical Center Herbert Pardes, President & CEO, New York-Presbyterian Hospital Steven Safyer, President & CEO, Montefiore Medical Center
Bruce Mosler, President & CEO, Cushman & Wakefield John Santora, President & CEO-USA, Cushman & Wakefield
Sam Giarrusso, Exec. Vice Pres., M&T Bank; Stanley Karp, Executive Vice Pres., Marathon Bank; James J. Carpenter, Sr. Exec. VP & Chief Lending Officer, New York Community Bank; George M. Klett, Exec. Vice Pres., Signature Bank.
Robert Ivanhoe, Chairman, Greenberg Traurig; Carl F. Schwartz, Partner, Chair-Real Estate Department, Herrick, Feinstein; Richard S. Fries, Partner, DLA Piper LLP (US); Andrew H. Levy, Partner & Co-Chair, Real Estate Department, Gibson Dunn & Crutcher.
Barry Akrongold, Chairman, Fortune Financial and Invest. Corp. Ralph Herzka, Pres. & CEO, Meridian Capital Group, LLC Scott Mager, Chairman & CEO, Perfect Building Maintenance James Orphanides, Chairman Emeritus, First American Title Ins. Co. of NY
Brian Corcoran, Exec. Vice President, Cushman & Wakefield Joel Leitner, Principal, Leitner Group Inc. James M. Molloy, Director, Global Real Estate Valuation Deutsche Bank Steven Schleider, President, Metropolitan Valuation Services
Harvey E. Green, President & CEO, Marcus & Millichap Real Estate Investment Services Joseph Harbert, COO, New York Metropolitan Region, Cushman & Wakefield Stephen Siegel, Chairman, CB Richard Ellis Steven Witkoff, President, The Witkoff Group LLC
Michael Fascitelli, President, Vornado Realty Trust Joseph Ficalora, Chairman/President/CEO, New York Community Bancorp, Inc. Hessam Nadji, Managing Director, Communications Dept., Marcus & Millichap Stephen Ross, Chairman & CEO, The Related Companies
Fred Gould, Gould Investors LP David McLAIN, Principal, Palisades Financial Maria Stamolis, Sr. Director of Asset Management, Canyon Capital Realty Advisors Joshua Zegen, Managing Partner & Co-Founder, Madison Realty Capital
Marc Altheim, Co-Founder, Atlantic Development Group David Kramer, Principal, The Hudson Companies Ron Moelis, CEO, L&M Equity Participants Neil Weissman, President, Jackson Development Group
Patrick Denihan, Owner & CEO, Denihan Hospitality Group Will Obeid, President, Gemini Real Estate Advisors, LLC Jason Pomeranc, Owner, Thompson Hotels Neil Shah, COO, Hersha Hospitality
Woody Heller Exec. Managing Dir., Group Head, Capital Trans. Group, Studley Robert Knakal Chairman & Founding Partner, Massey-Knakal Realty Frank P. Liantonio, Exec. Vice Pres., Cushman & Wakefield William M. Shanahan, Vice Chairman, CB Richard Ellis
Robert J. Ivanhoe, Greenberg Traurig, LLP David Kramer, The Hudson Companies Richard Lyon, Executive Vice President, Commercial Real Estate, Capital One Bank David A. Sterling, Chair & CEO, Sterling & Sterling, Inc.
Jonathan Estreich, Partner, RCG Longview Gideon Gil, Managing Partner, Madison Realty Capital Brad Wildauer, Partner, Apollo Real Estate Advisors Timothy Zietara, Senior Vice President, ING Clarion Capital
Robert L. Freedman, Executive Chairman, GVA Williams Barry Gosin, CEO, Newmark Knight Frank Mitchell Rudin, President, NY TriState Region, CB Richard Ellis Tara Stacom, Vice Chairman, Cushman & Wakefield
Francis Greenburger, Chairman & CEO, Time Equities Seth Pinsky, President, NYC Economic Development Corp. Larry Silverstein, Silverstein Properties Inc. Kent Swig, President, Swig Equities
Christian Von Ancken, Dir., Comm. Mortgage Lending, AEGON USA Realty Advisors, Inc. Scott Chisholm, Managing Dir., Prud. Mortgage Capital Comp. Investment Mgmt Richard Coppola, Managing Dir., TIAA-CREF Nicholas Jahnke, Dir., Northwestern Mutual
Michael Boxer, Partner, Ramius Capital Group J. Michael Fried, Chair, Phoenix Realty Matthew Landau, Partner, Westport Capital Ari Shalam, Director of Acquisitions, Taconic Investment Partners
Alan Bell, Principal, The Hudson Companies Incorporated Laurance Kaufman, Vice President, Apollo Real Estate Advisors Jeffrey Levine, President, Levine Builders & Douglaston Development Joshua L. Muss, Principal , Muss Development Corporation
James Carpenter Gino Martocci, Director, Commercial Real Estate Lending, M&T Bank Scott Shay, Chairman of the Board, Signature Bank Michael Slocum
Sam Chandan, Chief Economist, Reis Inc. Richard Mack, Partner, Apollo Real Estate Advisors Bruce Mosler, President & CEO, Cushman & Wakefield Ofer Yardeni, Managing Partner, Stonehenge Partners, Inc.
Roy Chin, Senior Vice President, Real Estate Regional Executive Bank Matthew Galligan, Managing Director, Bank of Ireland John Gunther-Mohr, Head of Real Estate, Bank of Scotland USA, James Mirman, Senior Vice President, Helaba Bank
David Amsterdam, Assoc. Director, Cushman & Wakefield Jesse Rubens, Murray Hill Properties Hal Stein, Managing Principal, Newmark Knight Frank Jarod Stern, Assoc. Director, Studley
Laurence Kretchmer, Managing Partner, Bold Food Drew Nieporent, President, The Myriad restaurant Group Jeffrey Roseman, EVP, Newmark Knight Frank Retail Al Serpagli, General Manager, Palm One
Michael Colacin, President, Studley Joseph Harbert, COO, New York Metropolitan Region Kent Swig, President, Swig Equities
Charles Bendit, Principal, Taconic Investment Partners Nicholas Bienstock, Managing Partner, Savanna Real Estate Fund David Welsh, Founding Managing Principal, Normandy Real Estate Partners