NEW YORK, NY – February 3, 2023 – New York, NY - February 3, 2023 - Ariel Property Advisors (Ariel) hosted its latest Coffee and Cap Rates event on February 2nd sharing the latest trends in investment sales market and capital services in New York City. Over 200 NYC real estate professionals attended this live networking breakfast held at Club 101 located at 101 Park Avenue. The theme of this latest Coffee and Cap Rates event was “Follow the Money: Who is Investing in NYC CRE and Why?” and featured a panel of some of the City’s most influential real estate professionals discussing the 2023 investment sales outlook from both a local and national perspective.
From left to right: Tom Ortinau, GFP Real Estate; Meir Milgraum, Lightstone; Ofer Yardeni, Stonehenge NYC; James O'Neal, Legal Outreach; Shimon Shkury, Ariel Property Advisors)
Shimon Shkury, President of Ariel Property Advisors, moderated the panel and kicked off the event with a presentation discussing the New York City investment sales market in 2022 as well as key findings from the firm’s recent end of year reports.
The three industry expert panelists all provided their unique take on the NYC commercial real estate investment market for different sectors. Ofer Yardeni, Chairman and CEO, Stonehenge NYC, discussed the current multifamily sector in the region and his company’s investment strategies; Meir Milgraum, Senior Vice President, Acquisitions, Lightstone, shed light on what his firm is seeing in the local hospitality investment market, which continues its post-pandemic recovery; and Tom Ortinau, Head of Acquisitions, for GFP Real Estate, shared his thoughts on the current and future state of the NYC office market and residential to office conversions.
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.
The Coffee & Cap Rates series is a semi-annual program, and the next event will take place in July 2023.
For more market information, please refer to Ariel’s research reports covering the New York City investment sales market: 2022 Multifamily Year in Review, Manhattan 2022 Commercial Real Estate Trends report, Bronx 2022 Commercial Real Estate Trends report, Brooklyn 2022 Commercial Real Estate Trends report, Queens 2022 Commercial Real Estate Trends report and Northern Manhattan 2022 Commercial Real Estate Trends report.
