MENU
CLIENT ACCESS
MENU
CLIENT ACCESS
GALLERY
Over 250 New York City real estate professionals joined Ariel Property Advisors at its bi-annual Coffee & Cap Rates event in Midtown on July 27. The networking breakfast was exclusively sponsored by Citrin Cooperman, an accounting, tax, and consulting firm, and featured a panel of some of NYC’s most influential real estate executives to discuss the event’s theme: 2017 NYC Development Market Outlook.
Shimon Shkury, President of Ariel Property Advisors, kicked off the event on Park Avenue at Club 101 with a presentation on New York City investment property sales in the first half of 2017, referencing the firm’s newly released mid-year research reports. He also talked about the current state of the market and provided his outlook for each sub-market.
Mr. Shkury moderated a spirited and often insightful panel discussion about the development market, with questions focused on recent trends, the Affordable New York tax incentive, investment opportunities, and the overall state of the investment sales market.
Panelists Dvir Cohen-Hoshen, Co-founder and Managing Member of Adam America Real Estate, and Ari Shalam, Founder and Managing Partner of RWN Real Estate Partners, shed light on the neighborhoods and properties they currently favor and those they are avoiding.
Matthew Baron, President of Simon Baron Development, and Jacob Sacks, Principal of Cayuga Capital Management, provided insight on their firm’s decision-making process for recent projects they have undergone. They also conversed about the current financing and business environment, obstacles the market faces, and areas they view as having the most upside potential, particularly in Brooklyn and Queens.
All ticket proceeds from the event were directly donated to the nonprofit Legal Outreach. At the event, James O’Neal, Executive Director of Legal Outreach, shared the goals and objectives of his organization, which helps young people from underserved New York City communities gain admission to the country’s most competitive colleges and universities.
All ticket proceeds from the event were directly donated to the nonprofit Legal Outreach. At the event, James O’Neal, Executive Director of Legal Outreach, shared the goals and objectives of his organization, which helps young people from underserved New York City communities gain admission to the country’s most competitive colleges and universities.
Join Ariel Property Advisors & Citrin Cooperman at Club 101, 101 Park Avenue, for a networking breakfast and panel discussion about the 2017 Development Market Outlook.
Following a brief presentation of our latest research and insights by event host Shimon Shkury, President of Ariel Property Advisors, Michael Stoler, Managing Director of Madison Realty Capital and host of The Stoler Report, will moderate a panel discussion titled "2017 Development Market Outlook".
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 300 real estate professionals attended the previous Coffee & Cap Rates℠ event on February 15, 2017.
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.
The $72 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.
CLUB 101, 101 PARK AVENUE
Networking Breakfast
8:00am – 10:30 am
8:00-9:00 am
Breakfast & Networking
9:00-9:15 am
NYC Market Overview Presentation
9:15-10:00 am
Panel Discussion
10:00-10:15 am
Q&A + Networking
Please contact Julie Haviv
at jhaviv@arielpa.com
or call 212.544.9500 ext.19.
Shimon Shkury is the founder and President of Ariel Property Advisors, a New York City investment property sales firm with an expertise in the multifamily asset class and development sites. In this role, he oversees all investment sales and research operations for the company. Since 2002, Mr. Shkury has advised private clients, institutions, operators, equity providers and lenders on pricing, positioning and selling assets throughout New York City.
Mr. Cohen-Hoshen's expertise encompasses the full range of real estate development initiatives - from acquisition, permitting and planning, to project financing, construction management, marketing, and asset management. He has been involved in New York real estate investments for several years and has actively sourced and managed residential developments in Manhattan and Brooklyn since 2011. Previously, he served as founder and CEO of Adama Holding Public LTD, a real estate development and investment company in Central and Eastern Europe.
Since June 2011, RWN has acquired nearly $700mm of real estate with nearly $300mm of total invested equity. From 2009 to 2011, Mr. Shalam was the President of Enterprise Asset Management, Inc. a real estate centric multi-family office and from 2003 to 2009, he was a Senior Partner and Director of Acquisitions of Taconic Investment Partners, a fully integrated real estate investment and development company. Previously, Mr. Shalam was the Director of Acquisitions for the Kaufman Organization.
Matthew M. Baron is the President of Simon Baron Development. Since 2005, Simon Baron has grown from one employee and a few hundred million of assets to over $1.5 billion of assets and 17 professionals. Simon Baron focuses on acquiring and developing assets in multifamily, office, and hotel. The firm is currently active in both NYC and Los Angeles. Mr. Baron sits on the Board of Directors of the Long Island City BID. Mr. Baron holds a BS in Finance from NYU Stern and an MBA from Columbia Business School.
Mr. Sacks started CCM with their first small multi-family rental building purchase in Bushwick Brooklyn, NY in 2004. After a series of acquisitions and small developments, they began full-time operations in 2007 and have grown into a firm with over $800 million of real estate in Brooklyn and Queens. Before starting CCM Mr. Sacks was a Vice President of U.S. Realty Advisors, LLC, a private real estate investment firm with $3 billion of real estate under management. Prior to joining USRA, Mr. Sacks worked as an investment banker at ING Barings.
Legal Outreach prepares urban youth from underserved communities in New York City to compete at high academic levels by using intensive legal and educational programs as tools for fostering vision, developing skills, enhancing confidence, and facilitating the pursuit of higher education.
Citrin Cooperman, exclusive sponsor of Coffee & Cap Rates, is a nationally recognized full-service accounting, tax, and consulting firm with offices conveniently located throughout the Northeast. Since 1979, they have steadily built their business by helping companies and high net worth individuals find smart solutions. Whether your operations and assets are located around the corner or across the globe, they can provide new perspectives on strategies that will help you achieve your short- and long-term goals.
