New York’s real estate bigwigs offer predictions for 2020

Optimism at REBNY gala after lackluster year picked up at the end

Real estate players at the Real Estate Board of New York’s annual gala were glad to put 2019 behind them, but saw reasons for optimism. The end of the year saw activity pick up, and leasing was strong, especially by the tech sector, said David Greenbaum, vice chairman of Vornado Realty Trust. “Young kids coming out of school want to be here in the city,” he said.

Sign Up for the undefined Newsletter

“It’s going to be a gangbusters year,” predicted David Schechtman, senior executive managing director at Meridian Capital Group. “If only our politicians would recognize, you’ve already killed Wall Street — don’t kill real estate. There won’t be any money in the coffers for some of your preposterous projects.”

Video by Caroline Mariko Stuckey. Interviews by Rich Bockmann and E.B. Solomont.

WATCH MORE OF OUR REBNY 2020 COVERAGE

John Catsimatidis
Politics
New York
John Catsimatidis on why he should be mayor
Jim Whelan of REBNY
Politics
New York
Jim Whelan talks “playing defense”
From left: Jim Whelan, David Schechtman, Tom Elghanayan, Helena Durst, Bill Rudin, and Adam Leitman Bailey
Politics
New York
Real estate bigwigs sound off on politics at REBNY gala
Recommended For You