{"id":3533358,"date":"2015-11-23T15:12:36","date_gmt":"2015-11-23T20:12:36","guid":{"rendered":"https:\/\/newwebdev.wordpress-developer.us\/hauteresidence\/?p=3533358"},"modified":"2015-12-22T14:17:24","modified_gmt":"2015-12-22T19:17:24","slug":"industry-experts-talk-real-estate-trends-predictions-at-haute-residences-new-york-luxury-real-estate-summit","status":"publish","type":"post","link":"https:\/\/newwebdev.wordpress-developer.us\/hauteresidence\/industry-experts-talk-real-estate-trends-predictions-at-haute-residences-new-york-luxury-real-estate-summit\/","title":{"rendered":"Industry Experts Talk Real Estate Trends, Predictions at Haute Residence\u2019s New York Luxury Real Estate Summit"},"content":{"rendered":"

New York\u2019s top real estate agents, brokers, and developers came together for Haute Residence\u2019s second annual New York Luxury Real Estate Summit, which took place November 18 in The Oak Room of The Plaza Hotel, where they discussed current luxury real estate trends, success stories, and what\u2019s next for The Empire State\u2019s booming real estate market.<\/p>\n

The event featured three panels, \u201cEast Coast Titan Developers<\/a>\u201d\u2013\u2013which was moderated by Gerri Willis, business news anchor and reporter for Fox Business\u2013\u2013and \u201cNew York Real Estate Power Players<\/a>\u201d and \u201cNext Generation of Power<\/a>\u201d\u2013\u2013which were both moderated by Seth Semilof, co-founder and publisher of luxury publications Haute Living<\/em>, Haute Residence<\/em>, and Haute Time<\/em>.<\/p>\n

\"497719182.323039895\"<\/a>
“East Coast Titan Developers” Panel: (from left to right) William Zeckendorf, Francis Greenburger, Robert Gladstone, Miki Naftali, Michael Stern, and Don Peebles<\/figcaption><\/figure>\n

Kicking off the summit, big-name developers Robert Gladstone, Francis Greenburger, Miki Naftali, Don Peebles, Michael Stern, and William Zeckendorf on the \u201cEast Coast Titan Developers\u201d panel focused on defining what a \u201cluxury\u201d property is and the factors that classify it.<\/p>\n

\"Don<\/a>
\u201cI think 15 Central Park West set the standard, captured the essence I think of what a luxury building is.\u201d \u2013 Don Peebles<\/figcaption><\/figure>\n

Don Peebles\u2013\u2013real estate entrepreneur, best-selling author, and political activist, as well as founder, chairman, and CEO of The Peebles Corporation\u2013\u2013led with, \u201cI think 15 Central Park West set the standard, captured the essence I think of what a luxury building is.\u201d<\/p>\n

\"Francis<\/a>
\u201cI think the truth is that when you create a certain project, you have a certain market demographic in mind, and I don\u2019t think that it\u2019s one size fits all.\u201d – Francis Greenburger<\/figcaption><\/figure>\n

Furthermore, Francis Greenburger, founder of Time Equities, Inc and owner of Sanford J. Greenburger Associates, Inc., stated that it\u2019s not so black and white: \u201cI think the truth is that when you create a certain project, you have a certain market demographic in mind, and I don\u2019t think that it\u2019s one size fits all.\u201d<\/p>\n

\""New<\/a>
“New York Real Estate Power Players” Panel: (from left to right) Beth Fisher, Dolly Lenz, Shlomi Reuveni, Leonard Steinberg, and Neal Sroka<\/figcaption><\/figure>\n

After a catered lunch by the Todd English Food Hall at The Plaza, luxury real estate brokers Beth Fisher, Stephen Kleigerman, Dolly Lenz, Shlomi Reuveni, Neal Sroka, and Leonard Steinberg of the \u201cNew York Real Estate Power Players\u201d panel discussed their outlooks on the state of the market.<\/p>\n

\"Leonard<\/a>
\u201cI think what we have to start maybe reconsidering is the concept of national and international and local and actually start thinking about this asset class of people, who are a global community.\u201d – Leonard Steinberg<\/figcaption><\/figure>\n

Leonard Steinberg, corporate broker and president of Compass, would like more focus on both national and international buyers as a whole: \u201c<\/strong>I have great belief in the American economy and I have great belief in a national buyer, but I think what we have to start maybe reconsidering is the concept of national and international and local and actually start thinking about this asset class of people, who are a global community.\u201d<\/p>\n

\"591352089_CB_8438_75103559EB01573F2136893062A2A22F\"<\/a>
“I believe that the continued and heightened instability in the Middle East is going to push more Middle Eastern money to the states, and I think that will also trickle through to Europe.” – Stephen Kliegerman<\/figcaption><\/figure>\n

On an international note, Stephen Kliegerman, broker and president of Halstead Property Development Marketing, added, \u201cCertainly the Asian marketplace is still some place where we\u2019re seeing a lot of cash flow come in. We\u2019ve seen a lot of South American money come in lately. I believe that the continued and heightened instability in the Middle East is going to push more Middle Eastern money to the states, and I think that will also trickle through to Europe.\u201d<\/p>\n

\""Next<\/a>
“Next Generation of Power” Panel: (from left to right) Oren Alexander, Lisa Lippman, Cathy Franklin, Cathy Taub, Stan Ponte, and Matthew Breitenbach<\/figcaption><\/figure>\n

The summit wrapped up with a discussion from the \u201cNext Generation of Power\u201d panel\u2013\u2013which consisted of Oren Alexander, Matthew Breitenbach, Cathy Franklin, Lisa Lippman, Stan Ponte, and Cathy Taub\u2013\u2013about their predictions for the luxury real estate market in the upcoming year.<\/p>\n

\"-<\/a>
“There\u2019s a lot more product for buyers to look at and consider\u2026 We just have to manage expectations for both sellers and buyers.” – Cathy Taub<\/figcaption><\/figure>\n

Cathy Taub, broker at Stribling & Associates, says, \u201cThe catch word for me now is \u2018velocity.\u2019\u201d<\/p>\n

\u201cI think that the market is strong,\u201d she said. \u201cWe have a healthy market. It\u2019s just we\u2019re so accustomed and sellers are accustomed to expecting that their properties will sell very quickly\u2026 There\u2019s a lot more product for buyers to look at and consider\u2026 We just have to manage expectations for both sellers and buyers.\u201d<\/p>\n

\"Oren<\/a>
\u201cI think we\u2019re just going into a winner\u2019s and a loser\u2019s market… The best product and the best location will win.\u201d – Oren Alexander<\/figcaption><\/figure>\n

Oren Alexander, real estate agent and developer of The Alexander Team at Douglas Elliman, followed with, \u201cI think we\u2019re just going into a winner\u2019s and a loser\u2019s market. There\u2019s no longer the day where every developer\u2019s a winner. There will be winners and there will be losers. So, the best product and the best location will win.\u201d<\/p>\n

\"Haute<\/a><\/p>\n

Summit attendees received a departing gift bag, which included a copy of the premiere issue of Haute Residence magazine as well as a gift card for luxury menswear retailer Angelo Galasso.<\/p>\n

Photos by Craig Barritt<\/span><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

New York\u2019s top real estate agents, brokers, and developers came together for Haute Residence\u2019s second annual New York Luxury Real Estate Summit, which took place November 18 in The Oak Room of The Plaza Hotel, where they discussed current luxury real estate trends, success stories, and what\u2019s next for The Empire State\u2019s booming real estate market.<\/p>\n","protected":false},"author":67,"featured_media":3533361,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1749,1],"tags":[],"class_list":["post-3533358","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-hlrn","category-news"],"acf":[],"yoast_head":"\nIndustry Experts Talk Real Estate Trends, Predictions at Haute Residence\u2019s New York Luxury Real Estate Summit<\/title>\n<meta name=\"description\" content=\"New York\u2019s top real estate agents, brokers, and 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