News
HOLLIDAY: POSITION YOURSELF
September 16, 2009
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| Earlier, we joined YM/WREA and SIOR for a joint lunch keynoted by SL Green CEO Marc Holliday (seated center, with YM/WREA guvs, clockwise: The Winter Org.’s Robert Fink, The Feil Org.’s Brian Feil, Newmark’s Robin Fisher, Cushman’s Marc Packman, CBRE’s John Pavone, The Durst Org.’s Helena Durst, and Vornado’s Glen Weiss). He’s finally seeing positive signs after two-and-a-half years, he says, and now beginning to shed his armor. We need to make sure we're in the best position we can be for stabilization, he adds; SL Green’s so far de-leveraged its balance sheet, corrected rents, managed delinquencies, deferred or downsized discretionary projects, reduced overhead, and generated a fresh business plan. |
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| On hand to with 200 others to hear Marc's words of wisdom were members of SIOR's Downstate NY/NYC chapter: Greiner-Maltz's John Maltz, Newmark Knight Frank's Chuck Tabone, M.C. O'Brien's Michael O'Brien, United Realty's Gary Joel Schacker, M.C. O'Brien's William O'Brien, Greiner-Maltz's Richard Maltz, Cushman & Wakefield's Frank Frizalone, and Sutton & Edwards's Jeff Schwartzberg (out of camera range were FirstService Williams'Kamel Bahary and real estate vet Leon Casper). The group is preparing for SIOR’s annual conference in Toronto this October, but first up: cocktail and dinners next week at the Sagamore Steak House on Long Island. |
