July 2024 Coffee & Cap Rates℠

On July 31st, over 200 real estate professionals gathered at TD Bank’s Conference Center at One Vanderbilt for Ariel Property Advisors’ Coffee & Cap Rates event, "Visions for Future Growth in NYC Commercial Real Estate."

Shimon Shkury, President and Founder of Ariel Property Advisors, moderated the panel and kicked off the event with a presentation discussing the New York City investment sales market in 2024 as well as key findings from the firm's recent mid-year reports.

Following his presentation, the program shifted to a panel of industry experts who shared their perspectives on the commercial real estate industry with an emphasis on the development market: Ralph Bumbaca, NYC Market President - TD Bank; Christopher V. Albanese, President - Albanese Organization; Jasper Wu, Vice President - ZD Jasper.

As with previous Coffee & Cap Rates, Ariel will be donating all proceeds to Legal Outreach, a nonprofit that helps young people from underserved New York communities gain admission to the country's most competitive colleges and universities.

Coffee & Cap Rates is a semi-annual program. The next event will take place in February 2025.

New York City 2024 Research Reports

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TD Bank is one of the 10 largest banks in the U.S., providing 10 million customers with a full range of retail, small business and commercial banking lending, cash management, and payment products and services throughout its Maine to Florida footprint.