Name: New York City State of the Market
Start: 2024-11-19T08:00:00-05:00
End: 2024-11-19T15:00:00-05:00
Location: 3 Times Square

Event Host

3 Times Square

Our 30-story, 925,000 SF commercial building has undergone a refresh with the goal of an unbeatable tenant experience. A recently expanded triple-height glass-walled lobby, updated security, and a brand-new, expansive amenities floor can all be enjoyed under one roof – at 3 Times Square.

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Speakers and Panels

Opening Remarks

Hear from Rudin's Co-CEO

Michael Rudin

Co-CEO, Rudin

Strategies Behind Deploying Capital in a Complex Capital Markets Environment

Taking Advantage of Rate Cuts + Identifying New Deals

Samir Tejpaul

Head of Capital Markets, Madison Realty Capital

Abbe Franchot Borok

Managing Director, Head of US Debt, BGO

Brian Haber

Managing Director, PCCP

Laurie Grasso

Laurie, an accomplished deal maker, is partner and co-chair of the firm’s global real estate practice. She takes a client-focused approach to her real estate practice, often acting as in-house counsel for her clients and becoming a trusted member of their businesses. She has a long list of clients who have been with her since the beginning of her practice and appreciate her ability to adeptly and efficiently handle any type of real estate deal. She is recognized as a leading lawyer in Chambers USA 2021, noting that she is “a strong negotiator” and “she has a great business sense combined with legal knowledge.” Most recently, for the second year in a row, Commercial Observer included her in their elite “Power 100” list, which recognizes the most powerful players in real estate. Laurie represents real estate private equity funds, companies, institutional REITs, investors and other property owners in structuring and closing real estate transactions such as acquisitions and dispositions, developments, financings, portfolio transactions, preferred equity investments, leasing and real estate joint ventures. Her work touches all asset classes, including office, multifamily, affordable housing, workforce housing, mixed-use, life sciences, hospitality, retail and condominium. She also maintains an active capital markets and fund practice, representing investors in joint venture transactions and sophisticated fund and tax structures. Laurie is also well-versed in the Opportunity Zone program and helps clients through the process of structuring and investing in qualified properties and vehicles. Laurie is involved in a number of non-profit and charitable organizations focusing on increasing diversity in real estate. She serves on the Advisory Board and spearheads the firm’s legal partnership with Project Destined, an organization dedicated to transforming minority youth into owners in the communities in which they live, work and play. She also serves as co-chair for Rebuilding New York’s “She Builds” program, where she organizes an annual renovation day, rehabilitating a New York City community center in need.

Hunton Andrews Kurth

Global, Co-Chair of Real Estate

Laurie Grasso

Global, Co-Chair of Real Estate, Hunton Andrews Kurth

Sean Reimer

Managing Director, Walker & Dunlop

Moderator

Eric Herburger

Principal, Citrin Cooperman Advisors

Identifying Market Trends & Their Impact on Development + Construction

Analyzing Indicators for Increased Development Activity

Jason Hart

Managing Director, Carlyle

Adam Frazier

President & CEO, Columbia Property Trust

Sean Clune

President, Clune Construction

Adam Benowitz

CEO, BRIX Funding

Michael Tortorici

Michael A. Tortorici is one of the Founding Members of Ariel Property Advisors. Serving the company as Executive Vice President in the Investment Sales Group, Mr. Tortorici is responsible for originating and executing the sale of commercial real estate transactions throughout the five boroughs. Since beginning his career in commercial real estate in 2004, Mr. Tortorici has participated in the sale of over 600 transactions worth more than $2 billion in gross consideration. Mr. Tortorici has represented many institutional and non-profit clients, including The Catholic Archdiocese of New York, The Watchtower, L+M Partners and Two Trees. He serves as a regular source for various publications, such as The New York Times, The Commercial Observer, The Real Deal, Real Estate Weekly and the New York Daily News. The Commercial Observer named Mr. Tortorici one of Commercial Observer’s 30 Under 30, which recognizes emerging commercial real estate professionals, and the Real Estate Forum has identified him as one of Tomorrow’s Leaders: New York, as well as naming him and his partners Top NY Brokers in 2013 and 2014. Mr. Tortorici is involved in various non-profit initiatives, including The Inner City Scholarship Fund and The Futures in Education Program, both of which support educational measures for K-12 students throughout New York City. He is an active member of industry organizations such as the Real Estate Board of New York (REBNY) and Bronx-Manhattan North Association of Realtors (BMAR). Prior to forming Ariel Property Advisors, Mr. Tortorici spent seven years at Massey Knakal Realty Services, now Cushman & Wakefield. Mr. Tortorici graduated with honors from New York University’s Stern School of Business, where he earned a B.S. in economics and management. Originally from Franklin Square, New York, he currently resides in Brooklyn. He can be reached at 212.544.9500 ext. 13 or via email at mtortorici@arielpa.com.

Ariel Property Advisors

Founding Partner, Investment Sales

Michael Tortorici

Founding Partner, Investment Sales, Ariel Property Advisors

Moderator

Joshua Oberman

Senior Partner, Windels

Leasing Outlook: Emerging Tenant Trends Across Office & Retail

Occupier Demands Across Mixed-Use Assets

Edward Riguardi

SVP, Leasing, Vornado Realty Trust

Duncan McCuaig

Executive Vice President, Leasing, Brookfield Properties

Stephen Winter

SVP, Leasing, Related

Barry Goldstein

CEO, Arch Amenities Group

Peter Turchin

Vice Chairman, CBRE

Moderator

Matthew Schneid

Member, Cole Schotz

The Evolution of a Deal: Lending & Debt Strategies Across the Capital Stack

Capital Stack Formation & Assessing Risk

Spencer Garfield

Managing Director, Fortress Investment Group

David Greenburg

Managing Director, Affinius Capital

Andrew Dansker

CEO, Dansker Capital Group

Ken Wood

SVP, Red Oak Capital

Gideon Gil

Vice Chairman, Cushman & Wakefield

Moderator

Jonathan Adelsberg

Partner and Co-Chair of Real Estate, Herrick

Future-Thinking Innovations Across Construction, Design & Sustainability

Creating Buildings of the Future in NYC

Michael Phillips

President, Jamestown

Jamil Lacourt

Chief Operating Officer, L&L Holding Company

Kelly Dougherty

President, FirstService Energy

Greg Wolf

President, Wolf Construction

Erik Madsen

Having moved to the New York metropolitan area over two decades ago, Erik has been helping shape its skyline since 2001, even before he co-founded Madsen Engineering (now DCI+Madsen) in 2010. Prior to moving to New York, Erik worked at a civil engineering design firm in Chicago, focusing on bridges and roads, before moving to New York and reorienting his focus toward buildings. Erik has taught as an adjunct professor at a number of schools and universities in New York City, including NYU Schack, Pratt Institute, NYIT and NYCCT. During his career, Erik has designed numerous new high-rise buildings including residential, office and hotel projects. He has performed significant design with concrete flat-plate buildings as well as steel-framed, masonry, wood and cold-formed steel. Working in New York, Erik is also known for his work on renovation projects, from buildings constructed in the 1830s to the present, and working with all different materials including historic concrete, steel, cast iron, wrought iron, rubble, brick, terra cotta slabs, wood frame, etc. Erik has been involved with the Structural Engineers Associations of New York (SEAoNY) where he served in 2022-23 as President and previously as the New York State delegate to the National Council of Structural Engineers Associations (NCSEA) for almost 20 years, as well as participating on the Code Committee and other committees. Erik has been honored to contribute to the building codes. After serving in 2014 and 2022 to assist with the NYC Building Code editions, he is continuing as a member of the current NYC Department of Buildings Code Revision Structural Technical Committee and the potential new NYC Existing Building Code. He is happy to serve as vice-chair of NCSEA’s Code Advisory General Requirements Subcommittee, as well as a member of the upcoming ASCE 7-28. Erik is the recipient of the NCSEA's 2024 Robert Cornforth Special Award for his dedication and service to a member organization and to the engineering profession.

DCI Engineers

Principal

Erik Madsen

Principal, DCI Engineers

Moderator

Ashley Doukas

Partner, Adler & Stachenfeld

Development & Policy to Enhance NYC's Housing Pipeline

485x, New Multifamily Deals & Creative Housing Deals

Kenneth Horn

Founder, Alchemy Properties

Kimberly Darga

Deputy Commissioner for Development, NYC Department of Housing Preservation & Development

Jessica Sherman

SVP, Affordable Development, Douglaston Development

Sergey Rybak

Founder & Principal, Rybak Development

Jennifer Djurkovic

Founder & CEO, Djurkovic Investment Properties

Moderator

Michael Hurwitz

Partner, Withum Smith + Brown

Remarks From The Podium

Leigha Lugo

Director of Marketing and Sales, SKYX Platforms

Sam Molyneux

Co-CEO, Poppy

What To Expect at NYC State of the Market

What You'll Learn:

Get insights from owners, developers and investment managers on how they are deploying capital into deals despite higher rates.
Hear how macroeconomic factors and cost of capital are driving decisions about future development strategies and when to break ground on construction projects.
Positive leasing momentum during the summer is creating optimism across retail and office. What specifically is driving increased leasing transactions?
What types of tenants are signing leases and how has this changed lease length, average square footage, etc.
Contractors, designers and engineers will analyze future-thinking innovations across the design and build world and how this is enhancing the long term value of an asset.
Hear how owners, investors and brokers are handling workouts and overall distress in the capital markets with maturing loans and rising interest rates.
Hear the latest from New York City officials about policies and incentives that will help drive more development activity and housing units.

How you'll do more business:

Enhance your business by understanding how the current market conditions are turning a corner and what 2025 has in store for increased development, construction, deal flow and financing. Experts will weigh in acquisitions, development, investment, construction, public-private partnerships and more across the multifamily, retail, office, healthcare and industrial sectors.

Who attends:

Investors, owners, developers, lenders, tenants, brokers, architects, contractors, engineers, property managers, government officials, lawyers and you!

Why should you attend:

Bisnow events bring together the biggest power players in the industry to identify opportunities, build your network, and expand your business. With the largest audience of commercial real estate professionals in the world, no one knows how to help your business more than us.

For questions, recommendations, comments, or press inquiries please email our Director of New York Events, Chris Picher at chris.picher@bisnow.com.

To request disability-related accommodations, please contact katy.frazier@bisnow.com no later than seven business days prior to the event.

Venue

3 Times Square
3 Times Square

New York, New York, 10036

Ballroom/Floor: 16th floor

Get Directions

Agenda

Time	Activity
8:00 AM 9:00 AM	Coffee, Breakfast & Networking
9:00 AM 9:45 AM	Strategies Behind Deploying Capital in a Complex Capital Markets Environment 1. Hear from NYC's top owners, lenders and debt funds on how capital is being deployed amidst changing cap rates. 2. Gain insight into how rate cuts are changing investor appetite and what allows deals to pencil.
9:45 AM 10:30 AM	Identifying Market Trends & Their Impact on Development + Construction 1. Hear about development pipelines, construction costs and what to expect for new development projects over the next few years. 2. Carlyle Group, Columbia Property Trust and more discuss the top market trends that are influencing the viability for new development projects.
10:30 AM 10:45 AM	Networking & Coffee
10:45 AM 11:30 AM	Leasing Outlook: Emerging Tenant Trends Across Office & Retail 1. Top New York office and retail owners, including Brookfield, Vornado and Related discuss setting the new standard for New York's successful leasing outcomes. 2. Hear how office and retail fits into the future of New York's commercial real estate landscape from a vacancy and supply + demand dynamics.
11:30 AM 12:15 PM	The Evolution of a Deal: Lending & Debt Strategies Across the Capital Stack 1. Hear from owners, lenders, brokers and others on forming a capital stack with unique combinations of debt, equity and mezz. 2. Get the latest insight on deal terms and how this is impacting the capital markets, investment sales market and construction financing.
12:15 PM 1:00 PM	Lunch & Networking
1:00 PM 1:45 PM	Future-Thinking Innovations Across Construction, Design & Sustainability 1. Hear from Jamestown, L&L and others on the next wave of development, construction and design innovations across a variety of asset types. 2. Learn what new, proactive steps the commercial real estate sector is taking to get ahead of sustainability mandates.
1:45 PM 2:30 PM	Development & Policy to Enhance NYC's Housing Pipeline 1. Hear from some of the city's top multifamily and affordable housing developers and their ability to creatively get new deals done. 2. Hear the latest about 485x, City of Yes, 467m and future policy that is impacting supply & demand dynamics in New York.
2:30 PM 3:00 PM	Networking

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New York State of the Market Featured Projects & News

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