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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.

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“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.

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PoliticsREBNYRent RegulationsTechnologyVideoVornado Realty Trust