(Read more on the debt and equitymarkets.)
NEW YORK CITY-The past year was split down the middle by thedebt crisis, with New York City's real estate market facing verydifferent challenges before and after that crisis emerged. So saidpanelists at yesterday's Real Estate Board of New York members'luncheon, where Mary Ann Tighe, CEO of the New York Tristate regionfor CB Richard Ellis, moderated the discussion, which drew about600 attendees.
In the first two quarters of 2007, the challenge was to competefor properties, noted David Levinson, chairman and CEO of L&LHoldings. In the third and fourth quarters, the challenges have allstemmed from the debt crisis--a theme taken up in a variety of waysby Levinson's colleagues on the Rebny panel, "Negotiating in anUncertain Market."
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Paul Bubny
Paul Bubny is managing editor of Real Estate Forum and GlobeSt.com. He has been reporting on business since 1988 and on commercial real estate since 2007. He is based at ALM Real Estate Media Group's offices in New York City.
