At one time, private equity firms may not have been respected, were not to be trusted and, described as "vultures." Guests discuss the important role of private equity firms in today's market.

Discussion centered on co-working and co-living - new concepts in commercial and residential real estate, and crowd-funding, providing real estate investment opportunity, on line.

New Jersey is looking good: industrial markets are strong; opportunities are opening up in Elizabeth; Hudson and Bergen Counties are benefiting from transit development; banking is healthy. All optimistic about the future!

"Clever marketing" helped sell $60,000 worth of barbecued brisket in under 48 hours! PR, social media, major chefs help to build a following and contribute to success. Rents are high; lots of competition. NY-a hard place to do business; must be creative.

These "Young Guns" made commercial real estate their career because - to some - it was the family business. All agreed a) it was hard work; b) they were attracted to the problem solving required for success; and c) they loved the challenge!

In general, the banking industry looks forward to changes in "Draconian" regulations, yet conservative underwriters want to lend to their most tried and true clients. All agreed that there was more stock coming on the market - LIC, Astoria, Brooklyn.

To discuss affordable and supportive housing and who qualifies requires a definition - sometimes complicated - of both terms as used by responsible agencies in various communities.

While everybody wants to be a developer, a builder, some like rentals in Jersey City and Astoria - or mixed use in communities with restaurants and pubs, or for sales in the Rockaways. All favor areas close to transportation.

What has made Queens so desirable? Young people with young families seeking starter homes for some - apartments at more affordable rents have encouraged condo building, 60% sold out. Panel is bullish on Queens!

Brooklyn has come a long way - from tough times to today - the third largest city (if it were a city) in the country. Brooklyn is its own brand. Some say it's all about the transportation.