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September 16, 2009
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FREEDMAN'S QUESTIONS
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| A salute to great new sponsor The Advance Group. Facing a complex relocation, you could hire five companies for the moving, furniture installation, storage, distribution, and document management. Or, you could call Advance. See ad at right. |
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| As we start the countdown to tomorrow's all-star State of the Market Breakfast—with W&M prez Tony Malkin, CBRE Tri-State chairman Bob Alexander, JLL NY prez Peter Riguardi, Orrick oracle Marc Shapiro, REBYN prez Steven Spinola, and First Service Williams chairman Bob Freedman—we thought we'd whet your appetite. We asked Bob what questions have been left unanswered about today's market. |
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Is this a trend or an aberration, he asks, pointing to the leases in the second half of the second quarter, versus virtually none in the first half. How will the fallout from $3.5 trillion of securitization impact the office leasing market? When can we anticipate rent levels of late '07 to be restored in the next cycle? Have we bottomed out? Is the jobless recovery prediction just a myth? You'll just have to come tomorrow morning to our Breakfast & Schmooze at the NY Bar Association to find out. Register here!
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Yesterday’s “Guess the Location” was trickier than we thought. We were flooded with replies, but only four people named both the building and landlord! Quickest of them all—Newmark Knight Frank's Brandl Frey (second from left), who correctly identified One Grand Central Place and owner W&H Properties for a free ticket to Thursday's Bisnow event. Popular answers included Monday Properties' 230 Park and SL Green's Daily News building—close, but no cigar. We snapped this photo of her yesterday with Gallin Glick’s Michael Glick, CB Richard Ellis' Rayna Karaivanov, and SL Green's Melissa Libner at the Young Men's/Women's Real Estate Association/SIOR luncheon (story below).
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TOP WOMEN!
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Last night, we stopped by Club 101 for NY Residential magazine's Top Women in Real Estate, its fourth annual awards recognizing residential and commercial crème de la crème. Publisher Lori Sokol (far right) with the honorees: (standing) HLW's Susan Boyle, JFK&M Consulting's Cindy Feinberg, Gotham Developers' Melissa Pianko, The Cheshire Group's Susan Hewitt, Sorgente Group's Veronica Mainetti, The Argo Corp.'s Lynn Whiting, Borah Goldstein's Harriet Polinsky,Hudson Land Co.'s Wendy Craft, Africa Israel USA's Lori Ordover; (seated) MLBKaye International Realty's Marilyn Kaye, and Prudential Douglas Elliman's Faith Hope Consolo. Also honored: Trump's Ivanka Trump, Manhattan Mortgage Co.'s Melissa Cohn, Brown Harris Steven's Paula Del Nunzio, and Guzov Ofsink's Allison Scollar.
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Wait, who's the lucky man in the first photo? It's MLBKaye's Lewis Kaye, honored as the “Male Pioneer of the Year,” unbeknownst to him—he thought he was just there to celebrate wife Marilyn's achievement (“totally flabbergasted” was his reaction). Lewis sees women for their talent and intelligence, not their gender, Marilyn says, as one of the first in real estate to hire women and promote them to executive positions. Lori holds the event to recognize significant accomplishments in a male-dominated field. She says everyone benefits by partnering with a strong woman.
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Keynoting was MotherstoMothers founder Pamela Parlapiano, a photographer who's traveled the world taking photos of disadvantaged people. She learned about the power of a home and sustainable communities while in India, and is now working to bring childcare and education facilities to places where mothers have zero options besides working, she says. Her next goal is building a 100-child day-care in Ethiopia, and Lori surprised her with a check from last night's proceeds, as well as a painting auction, to help her realize her dream. (Want to do some good? Donate here.)
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HOLLIDAY: POSITION YOURSELF
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Earlier, we joined YM/WREA and SIOR for a joint lunch keynoted by SL Green CEO Marc Holliday (seated center, with YM/WREA guvs, clockwise: The Winter Org.’s Robert Fink, The Feil Org.’s Brian Feil, Newmark’s Robin Fisher, Cushman’s Marc Packman, CBRE’s John Pavone, The Durst Org.’s Helena Durst, and Vornado’s Glen Weiss). He’s finally seeing positive signs after two-and-a-half years, he says, and now beginning to shed his armor. We need to make sure we're in the best position we can be for stabilization, he adds; SL Green’s so far de-leveraged its balance sheet, corrected rents, managed delinquencies, deferred or downsized discretionary projects, reduced overhead, and generated a fresh business plan.
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On hand to with 200 others to hear Marc's words of wisdom were members of SIOR's Downstate NY/NYC chapter: Greiner-Maltz's John Maltz, Newmark Knight Frank's Chuck Tabone, M.C. O'Brien's Michael O'Brien, United Realty's Gary Joel Schacker, M.C. O'Brien's William O'Brien, Greiner-Maltz's Richard Maltz, Cushman & Wakefield's Frank Frizalone, and Sutton & Edwards's Jeff Schwartzberg (out of camera range were FirstService Williams' Kamel Bahary and real estate vet Leon Casper). The group is preparing for SIOR’s annual conference in Toronto this October, but first up: cocktail and dinners next week at the Sagamore Steak House on Long Island.
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| Send story ideas to amanda@bisnow.com |
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This newsletter is a journalistic news source which accepts no payment for featured interviews. It is supported by conventional advertisers clearly identified in the right hand column. You have been selected to receive it either through prior contact or professional association. If you have received it in error, please accept our apologies and unsubscribe at bottom of the newsletter. © 2009, Bisnow on Business, Inc., 1323 Connecticut Avenue, NW Washington, DC 20036. All rights reserved.
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