Top CRE Execs Focus on the Future


Leaders are coming from across the country to talk cyber security. Be part of the action at cyberSecure. Gain the insights and relationships necessary to assist your company during all phases of a breach, while keeping revenue on track. In New York on December 15-16. National event.

From left to right: William Rudin, Richard LeFrak and Stephen Ross discuss the city’s CRE industry and where it’s headed at the NYU Schack School’s annual capital markets conference.

NEW YORK CITY—Illustrating why they’ve achieved such success—and longevity—in the industry, three top commercial real estate executives discussed not the past but the future of the city last week at NYU Schack Institute of Real Estate 48th annual conference on capital markets in real estate.

Paying particular attention to the issue of affordable housing, LeFrak chairman and CEO Richard LeFrak said, “We have to provide housing that can accommodate everybody.”

But others were worried about the feasibility of such development. “We have to keep our costs down, construction costs are so high right now,” declared Stephen Ross, chairman and founder,Related Cos. “At the same time, the proposed version of 421a [currently on the table] forces the industry to get unions to agree with them. But there’s little movement on that and I think it has to be decided by year-end. If it gets killed, no rental housing will be built in the city.”…

Top CRE Execs Focus on the Future

Categories : Uncategorized

Leave a Reply

You must be logged in to post a comment.