Contact Us

NY Interlude

NY Interlude
Sinced we also publish daily in NYC, we thought you might enjoy knowing a little about what's happening in the Big Apple. Last week, we gathered six of its top real estate figures for a Bisnow Breakfast & Schmooze. Know this, Chicago: We still love you. It's not cheating if 650 other people were there.
Cooper Union during Bisnow Breakfast & Schmooze
Our event packed historic Cooper Union, the same cavernous space where seven US Presidents have spoken since it was built in 1859. One of our panels, which included Cushman & Wakefield global CEO Bruce Mosler, CBRE Tri-State President and CEO Mitch Rudin, and Goldman Sachs real estate co-head Andy Jonas, said now?s a great time for tenants to lock in rates, as today's opportunities far exceed the benefit of waiting to get the last dollar on the deal.
Vornado CEO Mike Fascitelli at Bisnow Breakfast & Schmooze
Vornado CEO Mike Fascitelli keynoted (his behemoth firm owns the Merchandise Mart among other ?Kennedy? properties). Mike says Vornado is hoarding $3B in cash until opportunity knocks. On the leasing side, he says his directive is to keep buildings full; concessions are up and space is being built out for tenants. He also says retail's seeing a lot of vacancies, but may be one of the best buying opportunities, depending on what the consumer does the next five years.