CoreNet hosts "New York City in Transition" dialogue on November 7th
CoreNet Global New York City Chapter hosted a dialogue between mayor Rudy Giuliani and Ester Fuchs entitled, "New York City in Transition: Rudy Giuliani Provides Insights on Opportunities and Challenges Facing a New Mayor And Lessons Learned from the Past." The event was held on November 7th at the Grand Hyatt New York.
Days after Democratic candidate Bill de Blasio won the 2013 New York City mayoral election, Fuchs, a Columbia University professor and public policy strategist, moderated a discussion with one of New York's most impactful former mayors, Rudy Giuliani. In this forum designed for the commercial real estate community, Giuliani illuminated the challenges and accomplishments of the Bloomberg era and offered his perspective on the city's future through the transition of leadership.
Highlights included an exploration of Giuliani's career and how lessons learned may provide insight into an array of issues, from new economic growth to the increase of urbanization and the city's safety. His biggest advice to de Blasio: "Make New York City safe."
The former mayor congratulated mayor Michael Bloomberg for his accomplishments, emphasizing his ability to keep the city safe and prevent terrorism, and encouraged de Blasio to build upon the foundation that has already been laid. "Tourism, students, the economy all depend on New York city being safe. Crime goes down, tourism goes up and that's good for economy."
Giuliani concluded the program by expressing a positive and confident outlook for the future of New York City. This city "has been successful because it has been run like a business for the past twenty years. It started with me, and then Mike (Bloomberg)continued it. We have a different way of evaluating the city than most governments."
CoreNet Global New York City Chapter's mission is to advance innovation and professional development for the corporate real estate sector, and to serve as a thought leader and forum for current industry issues. The organization's more than 800 members represent corporate end-users and service providers from New York's largest publicly-held companies at the forefront of real estate planning, development and innovation, including Fortune 500 companies generating over $1 billion in annual revenue. For more information about the CoreNet Global New York City Chapter, visit http://newyorkcity.corenetglobal.org.
Huntington, NY SABRE Real Estate Advisors has completed the sale of six commercial properties across Long Island and Northern New Jersey, further underscoring the firm’s strength as a trusted partner in complex real estate transactions. The deals were led by executive vice presidents Jimmy Aug and Stu Fagen, whose combined expertise continues to drive exceptional results for clients across the region.
Lower interest rates and an increased number of loan restructurings will be well received by the commercial real estate industry. Over the past 12 months there has been a negative trend for NOI for many properties across the country.
Many investors are in a period of strategic pause as New York City’s mayoral race approaches. A major inflection point came with the Democratic primary victory of Zohran Mamdani, a staunch tenant advocate, with a progressive housing platform which supports rent freezes for rent
The state has the authority to seize all or part of privately owned commercial real estate for public use by the power of eminent domain. Although the state is constitutionally required to provide just compensation to the property owner, it frequently fails to account
Let’s be real: if you’re still only posting photos of properties, you’re missing out. Reels, Stories, and Shorts are where attention lives, and in commercial real estate, attention is currency.