NEW YORK CITY-From the government shutdown, the debt ceiling and rising interest rates to a changing mayor and dramatic shifts in which submarkets are growing, the commercial real estate industry—both nationally and around town—is going through a time of great upheaval, according to a number of speakers at Real Share New York on Tuesday in east Midtown. Much of the change bodes well for the sector, but some of it comes at the industry’s peril.

“We have this impasse and I think it’s just a precursor to October 17th, when we won’t be able to refund our debt,” asserted William Kahane, president and COO, American Realty Capital. “Our investors are frightened of the result, they played in the market from 2008 to 2012, and they’re once burned and twice shy.”

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