From left: Donald Trump, president of the Trump Organization, Dottie Herman, president of Prudential Douglas Elliman, Elizabeth Stribling, president of Stribling & Associates, Stuart Saft, chairman of Dewey & LeBoeuf’s global real estate department, and Frederick Peters, president of Warburg Realty Partnership, and Lois Weiss, real estate columnist for the New York Post

Compiled by Lauren Elkies

In the wake of Sandy Weill’s reported $88 million sale of his 15 Central Park West penthouse, The Real Deal wanted to touch base and see if real estate executives had any last minute predictions for the New Year since speaking with the magazine for the December residential market report.

Dottie Herman, president of Prudential Douglas Elliman, and Frederick Peters, president of Warburg Realty Partnership, said to expect 2012 to be a bit of a repeat of 2011, while developer Donald Trump said “really good real estate will have excess value.” Elizabeth Stribling, president of Stribling & Associates, predicts a “continuing strong demand for new condominium offerings all over town,” while Stuart Saft, chairman of Dewey & LeBoeuf’s global real estate department, said “the euro will continue to be in trouble causing a flight to safety to the U.S. and particularly New York City, so New York City properties will trade at even lower cap rates.” Meanwhile, Citi Habitats President Gary Malin and Halstead Property Development Marketing President Stephen Kliegerman recently told amNY that 2012 would bring more development and fewer amenities to New York City’s real estate market. [more]

Celebrities — including Meg Ryan, Lewis Black and Baz Luhrmann — are increasingly turning to the rental market in New York City and the Hamptons these days. “People do it if it’s a secondary residence,” said New York Post columnist Jennifer Gould Keil in an interview with “Good Day New York.” She predicted that the sales prices could go down another 10 to 30 percent, prompting a desire to rent rather than buy. “It’s a different way of looking at life,” Gould said.

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JPMorgan Chase has reportedly decided to hold onto its 60-story office property at One Chase Manhattan Plaza in the Financial District, after receiving insufficient bids, according to the New York Post. The building is among 23 office properties that JPMorgan has on the market right now. The decision to place the One Chase Manhattan Plaza property on the market was a part of JPMorgan’s larger effort to shed excess office real estate, but some industry experts, including the Post’s Steve Cuozzo, criticized the leaseback terms in the deal.