Thank God 2010 is here

Miami /
Jan.January 05, 2010 01:09 PM

From the New York Web site: In the wake of the financial crisis that ripped through the country, real estate pros did their best to keep their heads above water in 2009. As 2010 commences, The Real Deal asked a number of New Yorkers hailing from different parts of the real estate industry why they are glad 2009 is over. Here is what they said is their top reason:

Joseph Caridi, executive managing director at FirstService Williams:

As 2009 began, the New York City office market was chaotic, with little confidence about how long or deep the downturn would be. With so much uncertainty, employees and employers were under enormous stress throughout the year. 2009 was a learning experience, but I don’t want to take that class again.

Samuel Himmelstein, partner at real estate litigation firm Himmelstein, McConnell, Gribben, Donoghue & Joseph:

Maybe we can see an easing of the crushing unemployment and
under-employment which has devastated the lives of so many, not only in
the U.S but around the world.

James Famularo, senior executive managing director at New York Commercial Realty Services:

The economic downturn is behind us.

David Arena, president at Grubb & Ellis New York:

I am happy that 2009 is over but the question I ask is this: What have we learned?

David Schlamm, CEO and founder of City Connections Realty:

November and December seem to put a drag on many people’s emotions/energy so I am happy that a new year has started. Going back the entire year, it was quite a ride, featuring the good, the bad and the ugly. It made me understand what is most important to me in my personal and business life.

Faith Hope Consolo, chairman of the retail leasing, marketing and sales division at Prudential Douglas Elliman:

The negativity was everywhere in 2009. You couldn’t pick up a newspaper, participate in a seminar or dine with friends without settling into doomsday forecasts. But since the fourth quarter, the collective mood has begun to improve. I’m glad 2009’s negativity is behind us and that the focus is on real solutions, rather than wallowing in the problems.

Barak Dunayer, president of Barak Realty:

I’m not particularly happy 2009 is over. It was a pretty good year for us. But I’m always happy about new chapters and 2010 presents excellent opportunities.

Barbara Corcoran, founder of the Corcoran Group:
I’m looking forward to walking into a room in 2010 and not having five people ask, “When do you think the real estate market will turn around?” I think most people are getting it that it’s already happening.

Stephen Love, COO at ArdorNY.com:

I am glad 2009 is over because now in 2010 we will be able to see the amazing reappearing bonuses start to trickle through the market.

Robin Abrams, executive vice president at Lansco Corp.:
Ready for optimistic attitudes rather than doom and gloom of past year.

Andrew Gerringer managing director of developments at Prudential Douglas Elliman:

Because New Year’s always brings about the prospect of hope for better things to come.

Elizabeth Stribling, president of Stribling & Associates:

I am always the optimist; the glass is always half full, and I have many happy memories of much that happened in 2009.

Compiled by Lauren Elkies


Related Articles

arrow_forward_ios
Robert Finvarb and Abraham “Abie” Hidary with the site at 2534 North Miami Avenue (Koniver Stern Group)
Hidrock Properties, Robert Finvarb pay $13M for Wynwood site
Hidrock Properties, Robert Finvarb pay $13M for Wynwood site
The current Miami Beach North Shore library with Mayor Dan Gelber (Google Maps, Gelber)
Miami Beach seeks buyers for city-owned development sites
Miami Beach seeks buyers for city-owned development sites
Developer David Edelstein and Robert Levine of RAL Development with the project (Getty, RAL)
David Edelstein, partner close on missing piece of Wynwood assemblage for office towers
David Edelstein, partner close on missing piece of Wynwood assemblage for office towers
David Grutman and Pharrell’s Goodtime Hotel had received nearly 30 noise violations (Carma Connected, Getty)
Too much of a good time? David Grutman and Pharrell’s Goodtime Hotel could lose entertainment permit
Too much of a good time? David Grutman and Pharrell’s Goodtime Hotel could lose entertainment permit
Related Companies Chairman Stephen Ross with One Flagler (Related, Getty)
Prayers answered? Related Companies closes on church site for planned office tower in downtown West Palm
Prayers answered? Related Companies closes on church site for planned office tower in downtown West Palm
Grover Corlew principal Mark Corlew with Bank of America Tower in Boca Raton (Grover Corlew)
Grover Corlew buys Bank of America Tower in Boca Raton for $45M
Grover Corlew buys Bank of America Tower in Boca Raton for $45M
The partially collapsed 12-story Champlain Towers South condo building (Getty)
Inside the tug-of-war over the Surfside condo site’s future
Inside the tug-of-war over the Surfside condo site’s future
Moishe Mana and the downtown parking lot he purchased (Google Maps, Getty)
Moishe Mana expands downtown Miami assemblage with $12M purchase
Moishe Mana expands downtown Miami assemblage with $12M purchase
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...