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.
Guest List: Bess Freedman, CEO, Brown Harris Stevens Francis J. Greenburger, Founder, Chairman, CEO, Time Equities Inc Robert P. Weisz, President & CEO, RPW Group, Inc.
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.
Guest List: Aaron Jungreis, Principal & Founder, Rosewood Realty Group David Schechtman, Sr. Executive Managing Director, Meridian Capital Group Will Silverman, Managing Director, Eastdil Secured, LLC
October 2, 2022
Outlook on Commercial Real Estate, Fall 2022
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.
Guests
Daniel Harris, OceanFirst Bank
Joseph Farkas, Metropolitan Realty Associates
Lester Petracca, Triangle Equities
October 9, 2022
Land sales & development in New York City
Robert Knakal, JLL
John Catsimatidis Jr. Red Apple Companies
Jeremy Schell, TF Cornerstone
October 16, 2022
The State of the Office Market, Fall 2022
Bruce Mosler, Cushman & Wakefield
Scott Galin, Handro Properties, ESSH Holdings
Michael Giglio, Kaufman Management
October 23, 2022: The Transformation of a Medical Center, NYU Lanagone Health
Robert Grossman, CEO, NYU Langone Health, Dean, NYU Grossman, School of Medicine
Kenneth Langone, Chairman of the Board, NYU Langone Health
Chairman, Invemed
October 20, 2022
The Infrastructure and its effect on the tri-state area