Growing 'Liquidity Crisis' Troubles Insiders

NEW YORK CITY-Many insiders believe that the debt markets’ turmoil has now boiled over into a full-blown liquidity crisis. The growing problem in the sub-prime market has caused buyers of various mortgage-related securities to reconsider how they were pricing risk, and some commercial real estate deals have stalled as a result.

It is not clear how long it will take to resolve the liquidity issue, and how conservative lending will be once resolved. Given the turbulent state of capital markets, RealShare’s sixth annual RealShare New York conference will aim to provide some answers as to where the market is now, where it is going in 2008, how it will affect New York City and how to best profit from new opportunities and market conditions.

The conference, slated to take place Sept. 26 at the Marriott Marquis, expects to draw more than 500 top-level real estate executives in the local market. The RealShare Conference Series is produced by Real Estate Media, which also publishes GlobeSt.com and Real Estate Forum.

“Over the past month or so, everyone’s feelings about the New York City market have changed and there are suddenly more questions than answers about the market,” comments Richard Kelley, executive director of the RealShare Conference Series. “RealShare New York will offer stakeholders from every part of the transaction cycle the chance to reassess and take the pulse of the market through the panel sessions and speakers at the event as well as the networking that takes place.”

As always, specialized breakout sessions will mark the agenda at this years’ half-day event, followed by a networking luncheon featuring a Real Estate New York Broker All-Stars awards presentation. These include such titles as “Identifying, Sourcing and Justifying Opportunities and Exit Strategies in the Frothy Investment Sales Market;” “Moving off the Map: Investment & Development Opportunities in Emerging Neighborhoods;” “Downtown: Can the Momentum Continue?;” Debt & Equity Capital Update: Getting Deals Done in a Suddenly Turbulent Market,” “How Will Tightening Inventory and Record Rent Increases Impact Owners, Investors and Tenants in Midtown Market?,” and “Will the NYC Apartment, Condo & Affordable Housing Markets Continue to Prosper in the Face of a Troubled National Housing Market?”

RealShare’s main events include: “Town Hall Meeting: Has the New York Real Estate Market Reached Its Peak?,” moderated by John Salustri, GlobeSt.com’s national online editor, with panelists including Robert Freedman, president & CEO of GVA Williams; Josh Kuriloff, vice chairman of Cushman & Wakefield; John Bralower, president and managing director of The Carlton Group; Tom Bow, SVP of the Durst Organization.In addition, during “Inside the Real Estate Mind,” moderater Michael Desiato, group publisher & editorial director of Real Estate Media, will interview Bill Rudin, president of Rudin Management.

After a refreshment break, and first group of breakout sessions, “The New York Power Panel,” will follow, moderated by Mitch Rudin, president of the Tri State Area at CB Richard Ellis, with panelists including Joseph Moinian, CEO of the Moinian Group; Steve Spinola, president of REBNY; Kent Swig, principal of Swig Equities; Charles Cohen, president & CEO of Cohen Brothers Realty Corp., and Dottie Herman, CEO of Prudential Douglas Elliman Real Estate.