In this webinar co-hosted with REBNY, we discuss investor sentiments in the New York Market, and how to leverage technology to increase market understanding and fuel predictive analytics.

Main points:

  • Despite the recent slowdown seen in the second half of 2019– ample liquidity, low financing costs, and strong local labor market help to mitigate concerns of the NYC property market going into 2020.
  • The 2019 rent regulations clearly hurt the investment thesis for multifamily, as transaction volume and count dropped precipitously in 2H2019.
  • Repercussions from the regulations are likely to persist into 2020.
    The NYC industrial market to finish the year off strong and likely to remain supply-constrained in 2020.

 

Speakers:

 

James Nelson
Principal, Head of Tri-State Investment Sales
Avison Young

James Nelson is Principal and Head of Avison Young’s Tri-State Investment Sales group where he leads a group of three dozen professionals in the sale of multi-family, office, development and retail properties.

Throughout his 20-year career, James has been involved in the sale of over 400 properties and loans with an aggregate value of over $4 billion. Prior to joining Avison Young, James served as Vice Chairman of Cushman & Wakefield, where his team marketed over $1 billion in listings, ranking him as the number one Investment Sales broker nationwide in 2016. Previously, James was a partner and top producer for Massey Knakal for six of their last eight years and was named the company’s youngest partner in 2004.

James is the Chairman of REBNY’s Commercial Board of Directors, a Board Member of both the Citizens Budget Commission and the Catalog for Giving, a Board Member of the Counselors of Real Estate and Young Men’s/Women’s Real Estate Association of New York (YMWREA), and Founder of the Real Estate Services Alliance and the Colgate Real Estate Council. He has received numerous distinctions including being #1 Top NYC Deal Maker by LoopNet, Real Estate Forum’s 40 Under 40, Top 35 and Under NYC Real Estate Players by The Real Deal and REBNY’s Most Promising Commercial Sales Person of the Year Award.

Omar Eltorai
Market Analyst
Reonomy

Omar joined Reonomy in 2019 as Market Analyst, to produce research reports and conduct original analysis leveraging Reonomy’s extensive data set. Prior to Reonomy, Omar worked at BlackRock where he advised global financial institutional clients on issues concerning capital markets, balance sheet management, and complex transactions.

 

Aviva Fink
VP, Business Development & Partnerships
Reonomy

Aviva has over a decade of experience leading high performing teams in strategy, marketing and customer experience. Her clients have spanned multiple sectors, including commercial real estate firms, hedge funds and PE shops. Previously, she was a senior member of teams at VTS/Hightower, Onavo/Facebook and TytoCare.