Something special about bakeries, as described by guests, that lured them into the restaurant business! Guests talk about their experiences - from McDonald's to Cornell, to cruise ships, to internships/mentors/hard work and ownership. Part 1/2 shows.
Despite difficulties of developing in NYC, guests spoke with enthusiasm of public/private partnerships, of technology in real estate, of the need in every borough for affordable housing, and for a developer's confidence in promoting new ventures.
Guests agree that there's lots of money out there for real estate along with many new entrants in the market for lenders to analyze and consider. Q to Panel: How do you determine whom you will lend to, and how worried are you about risk?
Starting with the premise that you don't have to be a national firm to be successful, guests discussed the importance of passion, conviction, opportunity, along with good research and a thorough understanding of the product - all essential to ones goals.
New construction, particularly in transit-oriented locations, is looking good in Nassau and Suffolk Counties: assisted living and 4-5 story multi-family making for a busy market. Affordable housing, tax rates, local restrictions still challenge developers.
Young entrepreneurs describe inventions, programs, ideas for future products and businesses they are pursuing with guidance and encouragement of the MetaProp NYC organization.
Panelists representing real estate investment companies, commercial property management, retail leasing and a banker discuss and evaluate e-commerce, distribution, warehousing, parking - and New York's strong industrial market.
Guests discussed the difficulties of coming out of a six month lull in sales, suggesting that buyers and sellers are at a "meeting of the minds," recognizing that while business is robust, underwriting may be tough.
29 min
About CUNY TV's The Stoler Report
From the publisher's feed
The Stoler Report, Real Estate Trends in the Tri-State region, is New York's only television broadcast featuring real estate and business leaders. Hosted by Michael R. Stoler, the monthly program…
features lively round-table discussions of topical issues in the world of real estate. The series has aired on CUNY TV since 2003.