Thank you for sharing!

Your article was successfully shared with the contacts you provided.
From left: Matt Galligan, William Silverman, Gary Bechtel/ Photo by Charles Garnar From left: Matt Galligan, William Silverman, Gary Bechtel/ Photo by Charles Garnar

NEW YORK CITY—Even at the “Balance and Flexibility: Capital Markets Update” panel at the RealShare New York 2018 conference, last mile distribution centers were the talk of the town. This was compounded with the conference falling on the date that New York Governor Andrew Cuomo and New York City Mayor Bill de Blasio jointly announced Amazon selected Long Island City, Queens as a new corporate headquarters.

William Silverman, managing director, group head at Hodges Ward Elliott, said at first there were three kinds of responses to multistory industrial properties. There were investors who said multistory would never happen. There was another group, which said multistory will happen but they wanted to wait and see others invest before making and move. Finally, there were those who said, “Game on.”

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

Betsy Kim

Betsy Kim was the bureau chief, East Coast, and New York City reporter for Real Estate Forum and GlobeSt.com. As a lawyer and journalist, Betsy has worked as the director of editorial and content for LexisNexis Lawyers.com, a TV/multi-media journalist for NBC and CBS affiliated TV stations in the Midwest, and an associate producer at Court TV.

More from this author



Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2022 ALM Global, LLC. All Rights Reserved.