Reviving the Commercial Real Estate MarketMonday, April 26, 2010 / 2:30 pm - 3:45 pm
Lewis Feldman, Partner/Los Angeles Office Chair, Goodwin Procter LLP
Harvey Green, President and CEO, Marcus & Millichap Real Estate Investment Services
Richard LeFrak, Chairman, President and CEO, LeFrak Organization
Peter Lowy, Group Managing Director, Westfield Group
Barry Sternlicht, Chairman and CEO, Starwood Capital Group
D. Michael Van Konynenburg, President, Eastdil Secured
The commercial real estate market has taken a major punch; delinquencies and vacancies have risen across all property sectors. Falling prices have prevented owners from being able to refinance, while the recession has hit the retail sector hard and dampened tenant demand for office space. When will we see CMBS issuance revive? Will investors approach the CMBS market any differently in the future? Will banks create financing incentives for landlords to hold on to their properties? Should the government intervene in the commercial market to the same degree it has in the residential market? Are there opportunities to snap up newly distressed properties that were once overvalued?