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Panel Provides Outlook for Commercial and Multifamily Markets

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A panel of distinguished real estate executives provided an overview of the Westchester County commercial and residential market at the Building Owners and Managers Association (BOMA) Annual State of the Market Luncheon Jan. 12 at 360 Hamilton Ave. in White Plains.

The panel featured Kevin Plunkett, Director of Strategic Initiatives, Simone Development Companies; Chris O’Callaghan, Director of the Office Division, RM Friedland and David Sands, Director of Development, Toll Brothers Apartment Living. The moderator was Glenn Walsh, Executive Managing Director, Newmark.

Among the topics discussed were the growth of the healthcare sector and its impact on the demand for space; the return of workers to offices in the post-pandemic period and the booming market for multifamily housing. In their remarks, the panelists were optimistic about the outlook for the market in 2023.

BOMA Westchester is the county’s leading professional organization dedicated to meeting the needs of building owners, property managers and allied professionals and tradespeople. BOMA Westchester is an affiliate of BOMA International — the oldest and largest association of the office building industry, with more than 100 federated associations in the United States and around the world. The 17,000-plus members of BOMA International own or manage more than nine billion square feet of commercial properties in North America and abroad.

This is a press release provided by the organization. It has been lightly edited and is being published by Examiner Media as a public service.



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