Search
 

Panel: ‘Some Semblance of Normalcy’ Returns

NEW YORK CITY-The market now allows deals to happen that couldn’t get done two years ago, but under stringent terms, REBNY panelists said Tuesday.

By Paul Bubny | Updated on October 06, 2010

NEW YORK CITY-“What’s really happening” in the market, asked the title of a panel discussion at the Real Estate Board of New York’s fall members’ luncheon. The consensus answer from the panelists: it’s now possible to get deals done that were unlikely to happen amid the Wall Street meltdown, albeit under straitened circumstances that are likely to prevail for awhile.

Recalling that the capital markets shut down amid the collapse of Lehman Brothers but are now reviving, RCG Longview president Christopher LaBianca commented, “That was a two-year period it took to get back to some semblance of normalcy. I don’t know that we’re there yet.” He noted that on most of the transactions in which RCG has participated recently, it’s neither the properties or the owners that are distressed; it’s the lenders.

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

© 2025 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 © 2025 ALM Global, LLC. All Rights Reserved.