Metro-Long Island chapter of NYSCAR predicts future

Traditionally at this time of year the groundhog pokes his head out of the ground and predicts the remaining length of winter. Also traditionally the Metro-Long Island chapter of the New York State Commercial Association of Realtors holds its "Groundhog Day" breakfast where industry expects comments on the region's market conditions and predict how business will be in 2008. This year's 4th annual event at the Milleridge Inn was packed with over 125 commercial agents and brokers attending. NYSCAR Chapter president Alan Hendrickson hosted the meeting which was supported by other commercial groups: CCIM, SIOR and CIBS. The speakers were: moderator and retail specialist Paul Fetscher, CCIM, SIOR from Great American Real Estate; speaking on Long Island Industrial was Frank Frizalone, SIOR with Cushman & Wakefield; Bill O'Brian, SIOR president from MC O'Brian discussed the outer boroughs office market; Ken Enos from Sutton & Edwards spoke on investment property; the outer boroughs industrial market was examined by Steven Kornspun, SIOR from Friedland Realty; Ray Ruiz, CIBS president with CBRE spoke on the Long Island Office market and Cliff Sondock of the Land Use Institute talked of Long Island Land Use. All the speakers were excellent and shared tremendous amount of information. NYSCAR wishes to thank their sponsors: Waldners, Asset Preservation, CLE Abstract, Universal Plumbing and the Real Estate Journal.