News
YESTERDAY WITH NYCREW, NRC & USGBC
September 23, 2009
| We battled through Midtown gridlock for three events yesterday, including NYCREW's "Distressed Debt: the Good, the Bad, and the Ugly" panel at Crowell & Moring's Madison Ave office last night. |
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| Park Praedium’s Midge Brogan (third from left) and Hudson Realty Capital’s Renee Lewis (right), shown here with Eastdil Secured's Taylor Terkel, Crowell's Bill O'Connor and Barbara Champoux(moderator), and MetLife's Shari Linnick described the state of the distressed market. Midge suspects we're only partway through the downward trend in the cyclical market, and notes that it's going to be a long, slow process, expecting liquidity to loosen a trickle. The panelists did agree that, although somewhat challenging, there were a number of opportunities for investors, buyers, and asset managers as interests become more aligned, although bid/ask spreads continue to be problematic. |
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| Meridian Capital's Laurie Shapiro, Citibank's Laura Walker, and Ferzan, Robbins & Associates' Liz Muskat (NYCREW prez). Laurie tells us that there's still money available, but sponsorships are critical these days. Meridian's been active in NYC, promoting all loan types, but she reports a particular upswing in multifamily. |
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| Fidelity National Title’s Isabelle Pullis, MetLife's Beth Marshel, Arbor Commercial Mortgage's Maria Elefante, and GE Real Estate's AnnMarie Sorena and Ellen Tomassi. Now that it's officially autumn, the GE gals have left their respective Montauk and Cape Cod mindsets, and tell us that their firm continues to look at raising money for a PPIP program with Angelo, Gordon & Co. |
