Over 250 property owners, managers and real estate professionals gathered at Club 101 on Thursday July 30th for Ariel Property Advisors' semi-annual Coffee & Cap Rates℠ event. Entitled "The Borough Presidents Forum: An Inside Look At The Outer Boroughs," the event was headlined by a discussion led by Shimon Shkury, President of Ariel Property Advisors, with Borough President Eric Adams of Brooklyn and Borough President Ruben Diaz Jr. of the Bronx.

The program began with a presentation, given by Mr. Shkury, about trends and overall performance of the New York City investment sales market in the first half of 2015. After the overview by Mr. Shkury, eager audience members were afforded the opportunity to ask the borough presidents questions and exchange in an open dialogue about the current state and future of the Bronx and Brooklyn.

During the course of the 45 minute panel, the borough presidents inspired lively banter between themselves and with the audience. Borough president Diaz began by urging the audience to "think differently about the Bronx," and went on to say, "We are not the Bronx of the 70's, 80's or early 90's" and pointed out the borough has received 8 billion in private investments in the six year since Mr. Diaz became Borough President..

Borough President Adams was optimistic when speaking about the East New York rezoning and other opportunities in Brooklyn. Mr. Adams specifically mentioned Atlantic Avenue as a prime area to be rezoned, and stayed true to his coined catchphrase “build baby, build.”

James O’Neal, executive director of the Legal Outreach, shared the goals and objectives of his nonprofit, which helps young people from underserved New York City communities gain admission to the country’s most competitive colleges and universities. Four students involved with Legal Outreach also addressed the audience to discuss their experiences interning for Ariel Property Advisors as well as their plans for the future. All funds raised in conjunction with Ariel Property Advisors’ Coffee & Cap Rates℠ are matched by the company and donated to Legal Outreach.

ANNOUNCEMENT

Join Ariel Property Advisors at Club 101, 101 Park Avenue, for a networking breakfast and panel featuring influential members of New York City’s real estate community. Shimon Shkury, president of Ariel Property Advisors, will moderate the panel The Borough Presidents' Forum: An Inside Look At The Outer Boroughs and kick off the morning with a presentation summarizing the firm’s midyear research reports, which will be distributed at the event.

ABOUT THE COFFEE & CAP RATES℠ SERIES:

Ariel Property Advisors presents Coffee & Cap Rates℠ semi-annually to share the latest trends in the investment sales market with clients and contacts. More than 250 real estate professionals attended the previous Coffee & Cap Rates℠ event on February 5, 2015.

DIRECTIONS TO THE VENUE:

Club 101 is located on Park Avenue between East 40th and 41st Streets, just south of Grand Central Terminal. The club enjoys close proximity to the Metro North Rail Road and the 4, 5, 6, 7, and Shuttle subway lines at Grand Central.

REGISTRATION FEE:

The $40 registration fee will be donated to Legal Outreach, a nonprofit that prepares urban youth from underserved communities in New York City to compete at high academic levels.