Real Estate Services Alliances (RESA) holds retail panel Oct. 22nd

The Real Estate Services Alliance (RESA) is reported a successful turnout for their retail panel which took place on October 18th at the offices of Eisner Amper, courtesy of Harry Dublinsky. Panelists included Adam Schorsch, VP at American Realty Capital; Ed Hogan, director of leasing at Brookfield Properties; Mark Chan, managing member of Linfield Capital; and Richard Wagman, managing partner and founder at Madison Capital. The panel was moderated by Massey Knakal partner, James Nelson. The retail panel was overwhelmingly bullish, speaking to the dramatically improved conditions of the main streets in N.Y.C. Wagman commented on the flight to quality with prime corridors such as Fifth Avenue exceeding peak levels, while some Avenues such as First and Second suffered. Hogan spoke to the resurgence of Downtown, which includes Brookfield's $250 million renovation of the Winter Gardens. Schorsch spoke to the success of ARC's funds which are now collectively raising roughly $400 million per month to invest in core retail across the U.S. Finally, Chan spoke to foreign investors overwhelming appetite for N.Y.C., as its yields are attractive compared to other leading worldwide cities, such as Hong Kong and London, which only offer respective returns in the 1.5% and 3% ranges. RESA offers real estate owners the very best specialists in the real estate business. From brokerage services, due diligence, title and legal assistance, our group members can assist in all stages of a transaction. Once owned, our members can help an owner maximize the performance of his or her investment by helping with architectural services, lease-up, management and accounting. RESA members are experienced veterans from top NYC firms who come highly recommended by their peers.