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Hurricane Sandy Clean-up and Elections Hot Topics with Gary Barnett and Marc Holliday at REBNY’s Members Luncheon
December 3, 2012
--The Wall Street Journal’s Peter Grant Moderates --
NEW YORK, December 3, 2012 – Hurricane Sandy clean-up, the recent Presidential election, and the upcoming Mayoral election were all hot topics at The Real Estate Board of New York’s (REBNY) Members Luncheon on Tuesday, November 27 at the New York Hilton Hotel. More than 530 real estate professionals turned out to hear two of real estate’s most prolific deal makers speak, Marc Holliday, chief executive officer of SL Green Realty Corp, and Gary Barnett, president of the Extell Development Group. The riveting conversation was moderated by the editor of The Wall Street Journal’s real estate section, Peter Grant. Superstorm Sandy was naturally a topic that was on everyone’s mind and both panelists addressed the effects of the storm on their respective properties, including the crane damaged at Barnett’s One57 which he said is still under investigation.
The upcoming Mayoral election and the question of endorsements drew some laughs from the crowd. Barnett joked that, “as soon as we know who is going to win, we’ll make an endorsement!” Holliday added that what’s important is that the next mayor be pro-business and pro-development.
REBNY Members Luncheon conversation concluded with Grant asking the panelists to share their plans for their next projects. Barnett said that now that his iconic One57 building is nearing completion, he will be focusing on the Nordstrom site which he expects to be super luxury, high-end residences. While Holliday shared that he hopes to diversify the SL Green portfolio and is even considering rentals. Both panelists agreed that whatever direction the real estate market heads in going forward, it will be positive and New York will continue to be the place that people come from around the world to live and work.
The Real Estate Board of New York is the city’s leading real estate trade association with more than 12,000 members. REBNY represents major commercial and residential property owners and builders, brokers and managers, banks, financial service companies, utilities, attorneys, architects, contractors and other individuals and institutions professionally interested in the city’s real estate. REBNY is involved in crucial municipal matters including tax policy, city planning and zoning, rental conditions, land use policy, building codes and legislation. In addition, REBNY publishes reports providing indicators of market prices for both the residential and commercial sectors. Please visit us online at www.REBNY.com.