Turmoil Brings NYC Stability to the Forefront

NEW YORK CITY-With the current challenges that exist in this questionable time period, the local market–for some time–seemed like it might get through relatively unscathed, compared to other areas in the country. But with recent financial turmoil here causing further market uncertainty–including Lehman Brothers’ Chapter 11 filing, the takeover of Merrill Lynch, and the bailout of American International Group Inc.–local executives are beginning to question how long and how severe the slowdown will be in the Manhattan market.

Incisive Media’s seventh annual RealShare New York, held Sept. 25, 2008 at the Roosevelt Hotel here, will address these issues and many others, including what is in store for 2009. The day-long educational forum, which is expected to draw more than 400 attendees, will cover topics including the myriad of trends, patterns and associated challenges and opportunities in the New York City real estate spectrum.

Conference agenda highlights include: a keynote from Robert Lieber, Deputy Mayor for Economic Development; a Town Hall Meeting, to focus on the state of the market; and a one on one with investment sales broker Doug Harmon on Eastdil Secured, who will discuss what it has taken–and what it will take–to get deals done

“Good information and market insight, along with networking, have never been more important than they are today, and RealShare New York will offer plenty of both,” Richard Kelley, executive director of the RealShare Conference Series, tells GlobeSt.com. “RealShare New York truly has it all covered–the view from the city with Robert Lieber, a strong emphasis on the capital markets dislocation and credit crunch, strong panels on leasing and the Downtown market, and specific looks at different submarkets and the multifamily–and the leading players in the market recognize that. The top players in New York real estate will be at RealShare New York.”

The RealShare team also has gathered some well-known names in the commercial real estate industry for a “New York Power Panel: In the Midst of an Unparalleled Financial Crisis, Economic Downturn and Presidential Election, What is “New York’s State of Mind?” which will include analysis and review of the past year in New York real estate and trends in the broader economy. The panel consists of moderator Anthony Malkin, president of W&M Properties; panelist Kent Swig, president of Swig Equities; James Orr, assistant vice president of the microeconomic and regional studies function at the Federal Reserve Bank of New York; and David Levinson, chairman & CEO of L&L Holding Co. LLC.

The conference–which begins with a welcome breakfast and registration at 7:30 a.m. and concludes at 2 p.m.–will also include three breakout sessions including and investment sales outlook panel; a panel assessing the impact of the financial sector job loss on Downtown redevelopment; and a multifamily investment, development and financing panel.