Gary Barnett, Lisa Silverstein Among Honorees at Upcoming 131st REBNY Annual
Why this matters
Commercial real estate continues to digest a multi-year reset in cost of capital. Transaction velocity is below the 2019-2021 trend but improving, cap rates have stabilized across most stabilized property types, and the bid-ask gap has narrowed materially in the past two quarters. Sponsors with permanent capital and operating platforms have an advantage in the current execution environment. New York continues to bifurcate sharply: trophy office leasing at record rents, commodity Class B in conversion discussions or court-supervised processes. Rent-stabilized multifamily remains supply-constrained and tightly held. The next twelve months will continue to reward underwriting discipline and operational sophistication over balance-sheet aggression.
Editorial analysis · Real Estate Trail Editorial
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The Real Estate Board of New York has announced the honorees for the 131st REBNY Annual, celebrating the people whose work and leadership have helped shape the city. The celebration will take place on Thursday, Jan. 1…
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