Ladies Who Lunch
REBNY (The Real Estate Board of New York) had a luncheon on Tuesday and my company, The Corcoran Group, bought a table and kindly offered me a seat. It was mostly New York commercial brokers who were there to hear a panel of commercial experts.
Lunch was at the Hilton and was your basic hotel luncheon: salad, chicken and desert; but the chicken was moist, so the food was better than most. The crowd looked like a convention of Vaudeville agents, older men with comb-overs and rumpled suits. The speakers were expected, yet one, Richard LeFrak was mesmerizing. Mr. LeFrak and his family are the developers of Lefrak City and Newport area of Jersey City. He did everything wrong that a panelist should do. He constantly looked at the floor, made faces when he was bored or in disagreement, and constantly fidgeted. I loved him! He was down to earth, highly opinionated, smart and straight out of central casting. He could have easily been a character on Seinfeld. If you ever get a chance to hear him speak, go. You will not be disappointed.
So what did I learn? Commercial financing is much tighter then residential; and if you have big bucks there are major deals to be made by purchasing government owned assets through the FDIC.
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Patrick Lilly holds a coveted position in the world of New York real estate as not only a top-tier producer in the city, but a sought-after expert in his field who’s been spotlighted in books, the media and seminars. A mainstay in the industry for over 25 years, Patrick has excelled to great heights in his field thanks to his exceptional knowledge of the market, proven flair for successful deals, and strong relationships with clients and peers alike.