PRINT THIS STORY:

CHANGE TEXT SIZE:

GEARING UP FOR NEW YORK

For all the supposed shortage of development sites in the New York City area, there is plenty of development going on, and this is a key topic for this year’s New York Conference & Deal Making, Dec. 5-7 at the Hilton New York & Towers.

At press time some 4,500 professionals had preregistered, and the 373 exhibitors represented a 12 percent increase from last year, says Phyllis Peterson, ICSC’s director of leasing and deal making.

Because many of the issues are not confined to the New York area, the meeting agenda includes an address on national economic trends from Larry Kudlow, CEO of Kudlow & Co., a New York City-based economic research and consulting firm, as well as a discussion titled “Beyond the Horizon — Trends Impacting Tomorrow,” led by Robert A. Michaels, president and COO of General Growth Properties, and other panelists.

Beyond the scheduled discussions, at this writing, conference Chairman Jeffrey H. Newman, vice chairman of the real estate department at Sill Cummis Epstein & Gross, a Newark, N.J.-based law firm, was anticipating that attendees would speculate on whether capital will continue to flow, pushing down cap rates, as has been the case for several years. For those wishing to escape the traditionally packed common areas, a deal-making lounge has been set up in the Trianon Ballroom, while developers have booked 20 rooms for their own meetings.