News
STRONG WOMEN!
October 8, 2008
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| Also yesterday: Investcorp's Chris Hoeffel (here with AREW prezJennifer McCool ofMoynihan Station Venture, and Rhodes Associates' Jane Lyons) attracted over 170 Association of Real Estate Women to Club 101 for Lions, Tigers and Bears, about the commercial mortgage market. The Bear Stearns alumnus said he felt like he was at the helm of the Titanic when his firm collapsed. Now he sees other icebergs: a capital market is frozen, Wall Street lending down 96%, and life insurance companies' and bank lending down 25%. He predicts even further deceleration in the financial industry before a recovery, the key to which, he says, is shaping up the residential market, which should be helped by Washington's rescue. Still (and maybe we should have made this the headline), Chris seems bullish, thanks to New York's relatively healthy fundamentals compared to the early '90s. Mispriced assets will open up opportunities for investors, he thinks, who will have the ability to make money—hence, his recent move from J.P. Morgan toInvestcorp. |
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| M Moser Associates' Paola Nannetti and Shanon Person report that their architectural firm just moved from its South Street Seaport digs to a new SoHo loft at 490 Broadway—complete with New York City's oldest elevator. If we visit, we might just take the stairs. |
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| Floorworks' Dana Endicott, CUH2A's Mary Williamson, and Liberty Title Agency's birthday girl Stephanie Butler, who tells us the title insurance industry is treading water right now, but no worries—Liberty has diversified into insuring fine art, one of the only firms to do so. |
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| Macklowe Properties' Susan LoGiudice, Cambridge Residential'sKaren Siedmon, and Corporate Calm's Bonnie Haber. Susanmoonlights as an NYU night student, her masters in real estate made possible by an AREW scholarship. |
