Search
 

Panelists at NYU Event Look to Fed to Stimulate Economy

NEW YORK CITY-Hours before the Senate passed terrorism legislation, the issue joined the continued economic volatility as the twin hot topics at yesterday's NYU Capital Markets luncheon.

By Diana M. Rodriguez | Updated on November 20, 2002

NEW YORK CITY-The uncertainty surrounding the stock market and the astronomical rates for terrorism insurance were the collective woes expressed by panelists at yesterday’s New York University real estate event held here. While nearly all of the industry experts shied away from making any concrete projections, all seemed to agree that the economic worst was over and that the government would most likely be the catalyst for recovery.

Larry A. Silverstein, president and CEO of Silverstein Properties Inc., joined fellow panelists Michael D. Fascitelli, president of Vornado Realty Trust; William L. Mack, founder and managing partner of Apollo Real Estate Advisors; Stephen M. Ross, chairman and CEO of the Related Cos.; and Casey R. Wold, COO and chief investment office for Trizec Properties Inc. The group, led by moderator Dean D. Kenneth Patton, director of the NYU Real Estate Institute, spoke to the nearly packed luncheon for the 35th Annual Conference on Capital Markets and Pension Fund Investment in Real Estate.

The theme of this year’s event was Strategies and Opportunities in the Age of Credibility and Transparency, and panelists did their share of opining on the subject–going as far to say the uncertainty surrounding Wall St. is one of the primary factors plaguing the real estate industry. “There is a necessity to return confidence back to the system,” said Wold.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.