Early Bird Registration for GoldenNetworking.com's Distressed Real Estate Leaders Forum 2010 Officially Sold Out
Top Investing Minds to Review the Distressed Real Estate Landscape at GoldenNetworking.com's Real Estate Leaders Forum 2010, April 22nd.
New York, NY, March 31, 2010 --(PR.com)-- GoldenNetworking.com has announced that Early Bird Registration for Real Estate Leaders Forum 2010, "Successfully Investing in Distressed Real Estate Assets" (http://www.RealEstateLeadersForum.com), April 22nd, 2010, New York City, is officially sold out. Real Estate Leaders Forum 2010 will be the forum where hundreds of industry practitioners, investors, developers, owners, bankers, alternative lenders, brokers, lawyers, restructuring experts and consultants, will obtain crucial insights to prosper in the current Distressed Real Estate environment.
"There is a commercial real estate crisis on the horizon, and there are no easy solutions to the risks commercial real estate may pose to the financial system and the public. There is no way to predict with assurance whether an economic recovery of sufficient strength will occur to reduce these risks before the large-scale need for commercial mortgage refinancing that is expected to begin in 2011-2013. The Panel is concerned that until Treasury and bank supervisors take coordinated action to address forthrightly and transparently the state of the commercial real estate markets -- and the potential impact that a breakdown in those markets could have on local communities, small businesses, and individuals -- the financial crisis will not end." These were the conclusions arrived by the Congressional Oversight Panel in a well-discussed report issued on February 11th, 2010.
According the Knowledge@Emory, and along the same lines: "The real estate sector took a body blow in 2008 and has yet to recover. Although signs indicate a slow return to health, there are more reasons than not to hold off on celebrating. The homebuyer tax credit and moves by the Federal Reserve to boost borrowing are due to expire in the second quarter of this year, and with unemployment levels stalled at or near record highs, the outlook for restocking commercial office buildings with tenants remains bleak. As banks regain their financial strength, they are eager to lend—to qualified buyers. As lending practices return to fundamentals, levels seen during the market’s recent heyday won’t return any time soon."
Goizueta Business School's Professor Jim Grissett continues: "In terms of commercial real estate, it looks like 2010 is going to be an especially painful year. The short answer is we will be working through the poorly underwritten loans for the next five years. The good news is that commercial real estate is less than one-third the size of the residential mortgage market—and most of it is rent and income producing, with a real economic value. Again the problem is the subset of properties that were built or refinanced during the 2005-2007 bubble, many at inflated values or with luxury construction costs that really didn't make sense then, much less now. If we can get the economy and jobs back on track, the result will be a few spectacular, high profile blowups in the newspapers—and total losses for some investors—but it won't pose the kind of systemic threat that the residential market could have."
GoldenNetworking.com's Real Estate Leaders Forum 2010 is produced by GoldenNetworking.com (http://www.goldennetworking.com), the premier networking community for business executives, entrepreneurs, investors and diplomats, founded by former McKinsey consultant Edgar Perez. Upcoming Leaders Forums and Business Networking receptions include:
· High-Frequency Trading Happy Hour, (http://www.HFTHappyHour.com), April 5th, New York City
· Venture Capital Leaders Forum 2010, "Setting the Stage for Transformational Change" (http://www.VentureCapitalLeadersForum.com), May 13t, Boston, MA
Panelists, speakers and sponsors are invited to contact GoldenNetworking.com by sending an email to info@goldennetworking.com. GoldenNetworking.com has been frequently featured in the press, including recent articles in The New York Times, "GoldenNetworking.com Helps Job Seekers Make Overseas Connections" (http://www.nytimes.com/2009/11/07/nyregion/07network.html) and Columbia Business School's Hermes Alumni Magazine, "10 Under 10" (http://www7.gsb.columbia.edu/alumni/news/ten-under-ten).
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"There is a commercial real estate crisis on the horizon, and there are no easy solutions to the risks commercial real estate may pose to the financial system and the public. There is no way to predict with assurance whether an economic recovery of sufficient strength will occur to reduce these risks before the large-scale need for commercial mortgage refinancing that is expected to begin in 2011-2013. The Panel is concerned that until Treasury and bank supervisors take coordinated action to address forthrightly and transparently the state of the commercial real estate markets -- and the potential impact that a breakdown in those markets could have on local communities, small businesses, and individuals -- the financial crisis will not end." These were the conclusions arrived by the Congressional Oversight Panel in a well-discussed report issued on February 11th, 2010.
According the Knowledge@Emory, and along the same lines: "The real estate sector took a body blow in 2008 and has yet to recover. Although signs indicate a slow return to health, there are more reasons than not to hold off on celebrating. The homebuyer tax credit and moves by the Federal Reserve to boost borrowing are due to expire in the second quarter of this year, and with unemployment levels stalled at or near record highs, the outlook for restocking commercial office buildings with tenants remains bleak. As banks regain their financial strength, they are eager to lend—to qualified buyers. As lending practices return to fundamentals, levels seen during the market’s recent heyday won’t return any time soon."
Goizueta Business School's Professor Jim Grissett continues: "In terms of commercial real estate, it looks like 2010 is going to be an especially painful year. The short answer is we will be working through the poorly underwritten loans for the next five years. The good news is that commercial real estate is less than one-third the size of the residential mortgage market—and most of it is rent and income producing, with a real economic value. Again the problem is the subset of properties that were built or refinanced during the 2005-2007 bubble, many at inflated values or with luxury construction costs that really didn't make sense then, much less now. If we can get the economy and jobs back on track, the result will be a few spectacular, high profile blowups in the newspapers—and total losses for some investors—but it won't pose the kind of systemic threat that the residential market could have."
GoldenNetworking.com's Real Estate Leaders Forum 2010 is produced by GoldenNetworking.com (http://www.goldennetworking.com), the premier networking community for business executives, entrepreneurs, investors and diplomats, founded by former McKinsey consultant Edgar Perez. Upcoming Leaders Forums and Business Networking receptions include:
· High-Frequency Trading Happy Hour, (http://www.HFTHappyHour.com), April 5th, New York City
· Venture Capital Leaders Forum 2010, "Setting the Stage for Transformational Change" (http://www.VentureCapitalLeadersForum.com), May 13t, Boston, MA
Panelists, speakers and sponsors are invited to contact GoldenNetworking.com by sending an email to info@goldennetworking.com. GoldenNetworking.com has been frequently featured in the press, including recent articles in The New York Times, "GoldenNetworking.com Helps Job Seekers Make Overseas Connections" (http://www.nytimes.com/2009/11/07/nyregion/07network.html) and Columbia Business School's Hermes Alumni Magazine, "10 Under 10" (http://www7.gsb.columbia.edu/alumni/news/ten-under-ten).
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516-761-4712
http://www.GoldenNetworking.com
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