NEW YORK CITY GROUP COVERS THE BASES OF REAL ESTATE HOT TOPICS:

Members of the NYC Mastermind Group met this month with eight guests from a variety of companies to share what’s hot and what’s not in the summertime NYC real estate market. Here are just some of the highlights from the meeting:
• Landlords are looking at replacing traditional tenant security deposits with landlord-based tenant default insurance from guest company AssureLease.
• International investments in US real estate is the focus of Dubai-based Global Realty Capital
• The supply of skilled labor is rapidly shrinking across the country as professionals retire
• Move over Hudson Yards – a new Manhattan real estate hot spot is emerging around Grand Central Station with much anticipated LIRR connection in the next two years
• WBE and minority certified companies have an increasing draw in the NYC market
• Is the Manhattan office market showing signs of flattening? If yes, what is the future of the exploding We Work phenomenon if the economy slows?