On June 3, the industry's most active developers, investors, owners, and operators in office, retail, industrial, and hospitality will gather to answer some the markets toughest questions and provide insight on how to address key issues at the 9th annual New York Commercial Real Estate Summit.
See below for our agenda and see what topics will be discussed at this year's event.
12:00 PM
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Networking Lunch
The real magic happens in the hallways and networking area of the conference. Reconnect with colleagues, make new connections while enjoying healthy lunch options.
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1:00 PM
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Track C - Office Leaders Roundtable
This 90-minute closed-door roundtable brings together select office property owners, developers and investors for a candid and off-the-record, affording an opportunity to get the real scoop from your peers.
Participation is limited to 20. Separate registration is required. Contact us for details.
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1:35 PM
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Market Data Presentation
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2:00 PM
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Top CRE Trends:
Demand Drivers, Market Cycle Timing, Activity & Forecasts
We are full swing in major trends that appear to be rapidly driving change in all areas of commercial real estate. In office space, low unemployment and the war for talent has generated a boom in smart buildings with amenity-rich environments, while co-working and work-from-home trends continue to grow. In retail, the "Orwellian future" has arrived, creating huge challenges for major retail owners and driving a revolution in tenants and uses, including a massive trend towards mixed use. In industrial and distribution, demand remains high and vacancy low, creating an environment ripe for new development. Work into the mix the emergence of the Coronavirus and the upcoming presidential election among other challenges, and the outlook is anything but certain. Should you be buying, selling or holding in 2020, and–if buying–where should you be putting your attention and dollars for new investment and/or development? This panel offers insight across geographies and product types to provide a high-level comparison of opportunities and risks today.
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2:45 PM
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Networking Break
The real magic happens in the hallways and networking area of the conference. Reconnect with colleagues, make new connections while enjoying a selection of beverages and snacks.
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2:55 PM
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Track B - Opportunity Zones Workshop
2019 was the year of the Opportunity Zone, but the opportunity is anything but over. How can you still take advantage of this unprecedented tax policy and what other ways can you use tax laws to improve the financial performance of your real estate?
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3:25 PM
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Track A - Office Market Update:
Tenant Trends, Leasing Activity, Development & Acquisitions
In 2019, the office market for large leases was dominated by technology, finance, co-working and healthcare. Combined with unprecedented levels of employment, the office market should be the darling asset class, and yet forces such as aging building stock and give-backs of second-generation space as well as hiccups in co-working are presenting challenges. Sustained and increased urban in-migration continues to undermine the attractiveness of suburban office (compare: New Jersey with 23% vacancy to NYC with 7% vacancy). Add to this the continued trend towards work-from-home and the specter of COVID-19, and 2020 is set to see challenges in the office market both in New York and elsewhere across the country. Starting with employee needs and tenant demands, working through how this impacts leasing velocity and rental rates and finally delving into acquisitions and development in both urban infill and suburban markets, this panel will provide a soup-to-nuts review of the office market today. Where are the best opportunities for the office asset class going forward?
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3:25 PM
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Track B - Retail Market Update:
Leasing Activity, Tenant Trends, Consumer Spending Outlook
"Falling Knife," "Retailmageddon, and "Orwellian future" are just some of the terms that get thrown around to describe the arguably overstated case that "Retail is dead". However, the actual stats say otherwise, with both physical and online stores seeing growth in 2019. However, not all retailers are succeeding, and not all physical retail locations are set to succeed in the future. As one senior industry executive put it: "Retail is not over-built, it is under-demolished." meaning that new uses and investment are needed to revitalize and reimagine retail real estate today. Retail property owners should have expectations of increased tenant turnover, shorter leases and increased tenant improvement spend to keep up with rapidly changing consumer trends. Which consumer trends and tenant types are the ones to watch? How should retail space and deal terms be reconfigured to the new reality? And how does all of this impact the where and how of future retail real estate acquisitions, dispositions and (re-)development?
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3:25 PM
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Track C - Retail Leaders Roundtable
This 90-minute closed-door roundtable brings together select retail property owners, developers and investors for a candid and off-the-record, affording an opportunity to get the real scoop from your peers.
Participation is limited to 20. Separate registration is required. Contact us for details.
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4:15 PM
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Track A - Emerging Opportunities:
Strategies & Challenges off the Beaten Path
The world of real estate can be divided into nice neat buckets of Core, Core+ and Opportunistic, as well as product types such as office, retail, industrial, etc. Combine this further with geography (New York, San Francisco, Dallas and so on), location type (urban, suburban, exurban, rural), and finally capital stack location (debt, mezzanine, equity) and you've got a rough grid of seemingly all options available. Never before has the playing field been so transparent, but the result is high asset prices and lots of competition in a picked-over market where it is hard to find anything that makes sense. And yet just outside your peripheral vision are opportunities off the beaten path where big money cannot or will not go, a place where yields are higher and opportunity still exists in niches where the persistent and vigilant will prosper? Where are these opportunities and how do you access them?
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4:15 PM
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Track B - Capital Markets Update:
Debt & Equity for Office & Retail Deals
Behind every good real estate deal is a well structured capital stack, comprised of lenders and investors well aligned with the business goals of the deal. Proper deal structuring can amplify a small cap rate into a return that works for investors, but leverage can also create unnecessary distress in a difficult leasing market. On the equity side, institutional investors are increasingly bearish on retail, creating a sea change in who invests in today's retail deals. And while office remains a target for institutional and foreign investors, there has been a changing of the guard in who is backing office deals today. Who are the equity investors and lenders active on office and retail deals today? How are deal terms evolving to match today's market?
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5:00 PM
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Networking Reception
The real magic happens in the hallways and networking area of the conference. Reconnect with colleagues, make new connections while enjoying a glass of wine and hors d'oeuvres.
Non-alcoholic drink options available.
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6:00 PM
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Conference Concludes
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Prior to the Conference:
The Commercial Real Estate Summit is preceded immediately by the Real Estate Private
Equity Summit. Attendees from both conferences will participate in the networking lunch. For more information about the Real Estate Private Equity Summit, please visit:
https://realinsightevents.com/equity-summit
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Venue:
New York Academy of Sciences
7 World Trade Center
40th Floor
250 Greenwich Street
New York City
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WHO SPEAKS
Speakers at the Commercial Real Estate Summit in New York are senior industry executives, including active owners, investors and developers, as well as a curated selection of industry leaders from organizations that impact the commercial sector.
Past speakers include:
Jay Cross
President
Related Hudson Yards
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Leslie Himmel
Co-Managing Partner
Himmel & Meringoff Properties
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David Lichtenstein
Chairman & CEO
The Lightstone Group
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Stephen Meringoff
Managing Partner
Himmel & Meringoff Properties
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Scott Rechler
Chairman & CEO
RXR Realty
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Ian Schrager
Principal
Ian Schrager Company
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Larry Silverstein
Chairman
Silverstein Properties
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Jeff Sutton
Founder & President
Wharton Properties
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David Weinreb
Chief Executive Officer
The Howard Hughes Corporation
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- Stephen Alpart, Pine River Capital M
- Ken Bernstein, Acadia Realty Trust
- Melissa Burch, Lendlease
- Marty Burger, Silverstein Properties
- Chris Conlon, Acadia Realty Trust
- Jonathan Davis, Davis Companies
- Craig Deitelzweig, MARX Realty
- William Elder, RXR Realty
- Susan Fine, Fine Development Partners
- Kenneth Fisher, Fisher Brothers
- Drew Fletcher, Greystone
- Spencer Garfield, Fortress Investment Group
- MaryAnne Gilmartin, L&L MAG
- Francis Greenburger, Time Equities
- Dov Hertz, DH Property Holdings
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- Ed Hogan, Vornado Realty Trust
- Jonathan Iger, Sage Realty
- Michael Kazmierski, Kaufman Organization
- Al Laboz, United American Land
- Rob Lapidus, L&L Holding Company
- Byron LaMotte, Hines
- Michael Maturo, RXR Realty
- Toby Moskovits, Heritage Equity Partners
- Sarang Peruri, Oxford Capital Group
- Michael Phillips, Jamestown Properties
- John Powers, Boston Properties
- Daniel Rudin, Angelo, Gordon & Co.
- David Schonbraun, SL Green Realty
- Dean Shapiro, Witkoff
- Simon Wasserberger, Equity Office Properties
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WHO ATTENDS
The Commercial Real Estate Summit in New York brings together the industry's most knowledgeable and influential experts for a day of networking, idea sharing and deal-making.
Past attending companies include:
- AECOM
- AR Global
- Ares Management
- Atom Assets
- AvalonBay Communities
- AXA IM
- Axxis Real Estate
- Brookfield Properties
- Brooklyn Navy Yard Development
- CanAm Capital Partners
- Candlewood Investors
- Castro Properties
- Certes Partners
- City Center Real Estate
- CNY Group
- Colony Capital
- Conway Capital
- Cortland Global
- Diversified Equities Corporation
- DLC Management
- EQ Office
- Euro Capital Properties
- FCA Orbita Group
- Fisher Brothers
- GHC Development
- Goldman Sachs
- Himmel + Meringoff Properties
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- Hines
- HUBB NYC Properties
- ICER Real Estate
- Jamestown Properties
- Jordan Cooper
- JOSS Realty
- Kaufman Organization
- Keller Augusta
- Mack-Cali Realty Corporation
- Macquarie
- Madison Capital
- Moinian Group
- Olnick Organization
- Onyx Equities
- Prestige Properties & Development
- Related Hudson Yards
- Relo Redac
- RiverOak Investment
- Sherwood Equities
- Silverstein Properties
- Simone Development
- Spire Group
- Taconic Investment Partners
- Time Equities
- Transwestern
- Vornado Realty Trust
- Wright Partners
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2020 SPONSORS
CONFERENCE ORGANIZER
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