At the June Philadelphia Mastermind Meeting, guest speaker Bernard Shields of M&T Bank discussed multi-family construction and raised the question of whether there is an appropriate amount of supply and demand in that market. There is still demand for well-located, well-conceived multi-family properties even though some banks in recent months have restrained multi-family investments. Members also discussed shifting trends in residential as buyers look to smaller urban homes over large suburban subdivisions as speculation continues that the day of the big suburban subdivision may be gone.

Pictured above (from left to right): Neil Shupak, Bernard Shields and Michael Sklaroff