Nicholas Bienstock
Managing Partner
Savanna
Overview
The third Bloomberg Commercial Real Estate Conference will convene in New York on November 13th. We’ll explore the economic and political factors that have helped to drive a recovery. A collection of the most influential leaders in real estate will map out their strategies for the coming year. Will demand return and make developments such as the World Trade Center, Hudson Yards and others more viable?
Venue
Apella at the Alexandria Center | New York
Registration
For information on individual and group rates, contact Elizabeth Hood at +1 212 617 4820 or ehood@bloomberg.net.
Sponsorship Opportunities
For sponsorship opportunities, contact Sue Ann Timco at +1 212 617 3644 or stimco@bloomberg.net.
Sponsored By:
FINAL PROGRAM AGENDA:
| 8:15 am | PARTICIPANT CHECK-IN & BREAKFAST |
| 8:55 am | WELCOME & OPENING REMARKS Emcee: Carol Massar, Chief National Correspondent, Bloomberg Television; Co-Host, “Bloomberg on the Economy”, Bloomberg Radio |
| 9:00 am | POST ELECTION ACTIVITY Will we see an increase in commercial real estate activity following the election? With a level of uncertainty removed and hopes of an improved economy on the horizon, our panel will discuss how the recovery will proceed. Speakers: John L. Guess, III, President, The Guess Group, Inc. ; Former Director of Real Estate, City of Houston, TX Leslie Wohlman Himmel, Managing Partner , Himmel + Meringoff Properties LLC Robert A. Knakal, Chairman and Founding Partner, Massey Knakal Realty Services Interviewed by: Kara Wetzel, Real Estate Team Leader, Americas, Bloomberg News |
| 9:25 am | REAL ESTATE DEAL ENVIRONMENT How do the industry's top dealmakers view the commercial real estate environment in the upcoming year? What sectors are particularly ripe for deals? Speakers: Nicholas Bienstock, Managing Partner, Savanna Michael D. Boxer, Parter and Senior Managing Director, Head of Real Estate, Ramius Ralph F. Rosenberg, Member, Global Head of Real Estate Platform, KKR Interviewed by: Nadja Brandt, Real Estate Reporter, Bloomberg News |
| 9:50 am | INVESTING FROM THE ASHES: THE DISTRESSED MARKET There are conflicting opinions on the state of the distressed commercial real estate market. Where are the biggest opportunities in this sector? Who is taking advantage of distressed property loans? Are credit markets postponing the pain? And did the U.S. election alter the landscape at all? Speakers: Robert Lieber, Executive Managing Director, C-III Capital Partners William S. Macklowe, Chief Executive Officer, William Macklowe Company (WMC) Dylan Taylor, Chief Executive Officer, USA, Colliers International Interviewed by: Beth Jinks, Restructuring Reporter, Bloomberg News |
| 10:15 am | VALUING NEW YORK New York real estate sets the tone for the broader market. We will discuss a volatile global economy and recent events like the devastating hurricane Sandy and assess what impact these have for developers. Speakers: Haim Chera, Managing Principal, Crown Acquisitions Inc. Peter Hauspurg, Chairman and CEO, Eastern Consolidated Richard S. LeFrak, Chairman and CEO, LeFrak Organization William C. Rudin, Vice Chairman and CEO, Rudin Management Company, Inc. Interviewed by: David M. Levitt, Commercial Real Estate Reporter, Bloomberg News |
| 10:40 am | BATTLE FOR THE SKIES IN MANHATTAN Who's building the best and biggest luxury condos in the city and where's the demand coming from? We'll go inside one of Manhattan’s largest luxury revamps at the famed Woolworth building. Speakers: Kenneth S. Horn, President, Alchemy Properties Inc. Steven C. Witkoff, Chairman and CEO, The Witkoff Group Interviewed by: Oshrat Carmiel, Real Estate Reporter, Bloomberg News |
| 11:05 am | A CONVERSATION WITH BLACKSTONE'S JON GRAY The architect of the largest-ever real estate opportunity fund, Jonathan Gray has a massive war chest to invest in property. He'll discuss that new $13.3 billion pool, as well as new markets like the single-family home market in the U.S. Gray also will talk about being an influential global hotelier through Blackstone's control of Hilton Worldwide. Jonathan D. Gray, Global Head of Real Estate, The Blackstone Group Interviewed by: Jason Kelly, Managing Director, Bloomberg LINK; Author, The New Tycoons: Inside the Trillion Dollar Private Equity Industry that Owns Everything |
| 11:30 am | INVESTING IN COMMERCIAL REAL ESTATE Top managers and developers discuss the enthusiasm for real estate among institutional and individual investors. What is the appetite for property? Speakers: Ronald J. Kravit, Managing Principal, Cerberus Real Estate Capital Management LLC; Senior Managing Director, Cerberus Capital Management, L.P. Richard J. Mack, CEO, North America, AREA Property Partners Rob Speyer, President and Co-CEO, Tishman Speyer Interviewed by: Nadja Brandt, Real Estate Reporter, Bloomberg News |
| 11:55 am | NATIONAL REIT TRENDS What is the vision for the future through the eyes of the top REIT experts? What is behind the stock performance amid a sluggish equity market? Speakers: Warren de Haan, Chief Originations Officer, Starwood Property Trust; Managing Director, Starwood Capital Group Nicholas R. Smith, Founder, EVP and Chief Investment Officer, First Potomac Realty Trust Interviewed by: Daniel Taub, Real Estate Editor, Bloomberg News |
| 12:20 pm | LUNCH |
| 1:20 pm | WELCOME BACK REMARKS |
| 1:25 pm | LUXURY REAL ESTATE POST CRISIS Our panel of luxury real estate owners and operators will discuss the increasing appetite for new and innovative projects and how to sell a lifestyle, not just a product. Speakers: Jason Pomeranc, Co-Chairman, Commune Hotels & Resorts Laura H. Pomerantz, Principal and Founding Partner, PBS Real Estate, LLC Interviewed by: Oshrat Carmiel, Real Estate Reporter, Bloomberg News |
| 1:55 pm | STEPHEN ROSS TALKS HUDSON YARDS AND BEYOND One of the world's most influential developers talks about his projects in New York and around the world and what he sees as the next big opportunities for his firm, and himself. Stephen M. Ross, Chairman and Founder, Related Companies Interviewed by: Betty Liu, Anchor, “In the Loop with Betty Liu”, Bloomberg Television |
| 2:20 pm | BIG DECISIONS Developers are likely to make decisions about large amounts of space following the election and in the coming year. We'll look at projects like the World Financial Center and other sites that could change the complexion of New York City. Speakers: Ric Clark, Managing Partner and Global Head of Real Estate, Brookfield; CEO, Brookfield Property Partners; Chairman, Brookfield Office Properties Robert K. Futterman, Chairman and CEO, RKF Norman Sturner, President and CEO, Murray Hill Properties LLC Mary Ann Tighe, CEO, NY Tri-State Region, CBRE, Inc. Interviewed by: David M. Levitt, Commercial Real Estate Reporter, Bloomberg News |
| 2:50 pm | EUROPE – WHAT ARE THE OPPORTUNITIES? With the European sovereign debt crisis still plaguing the Eurozone, we explore investment opportunities and look at development plans on the horizon. Is the US still a more attractive destination for investors? Speakers: Marty Burger, Co-Chief Executive Officer, Silverstein Properties, Inc. Ronald M. Dickerman, President and Founder, Madison International Realty Jeffrey I. Sussman, President, Property Group Partners Interviewed by: Rob Urban, Managing Editor, Global Mortgage Column, Bloomberg News |
| 3:15 pm | CMBS MARKET UPDATE Banks issued around $6.9 billion in securities backed by commercial property loans in September. CMBS may total about $40 billion for the year. How does this vital piece of the real estate financing market look for 2013? Speakers: Tobin Cobb, Co-Chief Executive Officer, LNR Property LLC Steven Schwartz, Managing Director, Loan Acquisitions and Originations, Torchlight Investors Edward L. Shugrue, III, Chief Executive Officer, Talmage, LLC Interviewed by: Sarah Mulholland, Credit Markets Reporter, Bloomberg News |
| 3:40 pm | LOWER MANHATTAN IN THE WAKE OF SANDY What are the long-term impacts of flooding in lower Manhattan following the devastating hurricane? We look at the challenges this poses for property owners and developers and assess the damage done to the area. Will this impact the leasing of the World Trade Center properties? Speakers: Janno Lieber, President, World Trade Center Properties LLC, an affiliate of Silverstein Properties, Inc. Steven Spinola, President, Real Estate Board of New York (REBNY) Interviewed by: David M. Levitt, Commercial Real Estate Reporter, Bloomberg News |
| 4:05 pm | MAPPING OPPORTUNITIES IN 2013 Rents in New York have not gone down largely because tech and social media companies are growing and snapping up office space. Will this trend continue, and what other factors are there to consider? Our panel will make predictions about the changing landscape in New York and beyond for the coming year. Speakers: David W. Levinson, Chairman and CEO, L&L Holding Company, LLC Glenn J. Rufrano, President and CEO, Cushman & Wakefield Inc. Michael S. Zetlin, Founding Partner, Zetlin & De Chiara LLP Interviewed by: Betty Liu, Anchor, “In the Loop with Betty Liu”, Bloomberg Television |
| 4:30 pm | CLOSING REMARKS & CONFERENCE ADJOURNS PAST CONFERENCE AGENDAS: AGENDA: Nov 2011 NYC - Bloomberg Commercial Real Estate Conference AGENDA: Nov 2010 NYC - Bloomberg Real Estate Briefing |
Michael D. Boxer
Parter and Senior Managing Director, Head of Real Estate
Ramius
Marty Burger
Co-Chief Executive Officer
Silverstein Properties, Inc.
Haim Chera
Managing Principal
Crown Acquisitions Inc.
Ric Clark
Managing Partner and Global Head of Real Estate, Brookfield
CEO, Brookfield Property Partners
Chairman, Brookfield Office Properties
Tobin Cobb
Co-Chief Executive Officer
LNR Property LLC
Warren de Haan
Chief Originations Officer, Starwood Property Trust
Managing Director, Starwood Capital Group
Ronald M. Dickerman
President and Founder
Madison International Realty
Robert K. Futterman
Chairman and CEO
RKF
Jonathan D. Gray
Global Head of Real Estate
The Blackstone Group
John L. Guess, III
President, The Guess Group, Inc.;
Former Director of Real Estate, City of Houston, TX
Peter Hauspurg
Chairman and CEO
Eastern Consolidated
Leslie Wohlman Himmel
Managing Partner
Himmel + Meringoff Properties LLC
Kenneth S. Horn
President
Alchemy Properties Inc.
Robert A. Knakal
Chairman and Founding Partner
Massey Knakal Realty Services
Ronald J. Kravit
Managing Principal, Cerberus Real Estate Capital Management LLC
Senior Managing Director, Cerberus Capital Management, L.P.
Richard S. LeFrak
Chairman and CEO
LeFrak Organization
David W. Levinson
Chairman and CEO
L&L Holding Company, LLC
Janno Lieber
President
World Trade Center Properties LLC, an affiliate of Silverstein Properties, Inc.
Robert Lieber
Executive Managing Director
C-III Capital Partners
Richard J. Mack
CEO, North America
AREA Property Partners
William S. Macklowe
Chief Executive Officer
William Macklowe Company (WMC)
Jason Pomeranc
Co-Chairman
Commune Hotels & Resorts
Laura Pomerantz
Principal and Founding Partner
PBS Real Estate, LLC
Ralph F. Rosenberg
Member, Global Head of Real Estate Platform
KKR
Stephen M. Ross
Chairman and Founder
Related Companies
William C. Rudin
Vice Chairman and CEO
Rudin Management Company, Inc.
Glenn J. Rufrano
President and CEO
Cushman & Wakefield Inc.
Steven Schwartz
Managing Director, Loan Acquisitions and Originations
Torchlight Investors
Edward L. Shugrue, III
Chief Executive Officer
Talmage, LLC
Nicholas R. Smith
Founder, EVP and Chief Investment Officer
First Potomac Realty Trust (FPO)
Rob Speyer
President and Co-CEO
Tishman Speyer
Steven Spinola
President
Real Estate Board of New York (REBNY)
Norman Sturner
President and CEO
Murray Hill Properties LLC
Jeffrey I. Sussman
President
Property Group Partners
Dylan Taylor
Chief Executive Officer, USA
Colliers International
Mary Ann Tighe
CEO, NY Tri-State Region
CBRE, Inc.
Steven C. Witkoff
Chairman and CEO
The Witkoff Group
Michael S. Zetlin
Founding Partner
Zetlin & De Chiara LLP
Nadja Brandt
Real Estate Reporter
Bloomberg News
Oshrat Carmiel
Real Estate Reporter
Bloomberg News
Beth Jinks
Restructuring Reporter
Bloomberg News
David M. Levitt
Commercial Real Estate Reporter
Bloomberg News
Betty Liu
Anchor, “In the Loop with Betty Liu”
Bloomberg Television
Carol Massar
Chief National Correspondent, Bloomberg Television
Co-Host, “Bloomberg on the Economy”, Bloomberg Radio
Sarah Mulholland
Credit Markets Reporter
Bloomberg News
Daniel Taub
Real Estate Editor
Bloomberg News
Rob Urban
Managing Editor, Global Mortgage Column
Bloomberg News
Kara Wetzel
Real Estate Team Leader, Americas
Bloomberg News
Murray Hill Properties
Murray Hill Properties (“MHP”) owns, manages and leases more than 6 million square feet of commercial office space in New York. Though MHP bought its first building in the Murray Hill section of Manhattan, MHP has purchased and sold more than 150 properties in New York since opening for business more than 40 years ago.MHP is a true full service company, with in-house expertise including a corps of 45 brokerage professionals, along with asset management, acquisition/disposition, project management, and research/marketing departments.MHP is a vertically integrated company with a narrow management style that permits its members to work closely, swiftly and thoroughly and the key executives of the company are actively involved in every advisory, management and leasing assignment.
Murray Hill Properties has a strong track record in sourcing and repositioning under-performing assets as an investor and operating partner in the Manhattan office building market.
Since 1992, MHP has invested over US$3.3 bn (acquisition cost) in 25 transactions on behalf of private investors and institutional co-investment partners. The last 20 realized MHP investments generated a gross IRR in excess of 38% and 2 times return on capital.
Parinvest
Parinvest Asset Management Inc. is a global consulting firm focused on the needs of foreign clients wishing to invest in the United States. The company offers acquisition, disposition, leasing and property management services for residential and commercial real estate, specializing in exclusive properties in premium locations with strong demand characteristics. Parinvest Asset Management Inc. is a joint venture between investment banking group Crédit des Alpes, globally recognized for its consolidated experience in financing and investing in exclusive real estate transactions around the world, and Parinvest LLC, one of the premiere real estate brokerages and asset management groups in South Florida. To date, the group’s portfolio of investment opportunities ranges from Miami Beach hotel condominium units to commercial net leased properties and redevelopment projects in New York City and Los Angeles. Parinvest Asset Management Inc. is a Licensed Florida Real Estate Brokerage, FINRA Registered Investment Adviser and Commodities Trading Adviser, and Accredited Property Management Company.
Preqin
Preqin is the leading source of information for the alternative assets industry, providing data and analysis via online databases, publications and complimentary research reports. Preqin is an independent business with over 130 staff based in New York, London and Singapore serving over 9,000 customers in 72 countries.
Preqin has built a reputation in the alternative assets industry for providing the most comprehensive and extensive information possible across private equity, hedge funds, real estate and infrastructure. Leading alternative assets professionals from around the world rely on Preqin’s services daily, and its data and statistics are regularly quoted by the financial press.
More information available at: www.preqin.com
INFORMATION FOR ATTENDEES:
VENUE LOCATION:
Apella at the Alexandria Center
450 East 29th Street, 2nd Floor
New York, NY 10016
Apella is located on 29th Street between 1st Avenue and the East River.
The private circular driveway is accessible from the east side of 1st Avenue at 29th Street.
REGISTRATION:
Space is limited. Registration fees apply. For more information on individual registrations and group rates, please call +1-212-647-6530.
SPEAKING OPPORTUNITIES:
Please email Caroline Richenberg to see about opportunities for an executive to join the conference program. Please include a bio of the the executive that you would like to suggest as a possible speaker.
PRESS QUESTIONS:
Please email Angela Martin with any press related inquiries. If you are a journalist who would like to attend and cover the summit, please send your full contact details (name / title / company / mobile phone / email) to Angela Martin.
BLOOMBERG NEWS REAL ESTATE:
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