New York, NY(November 17, 2008)—The Center for Real Estate
Studies at New York Law School will present a breakfast forum on
“The Real Estate Credit Markets: A Year-End Review and Outlook for
2009” on Thursday, November 20 at 8:15 a.m. at the Law School,
located at 47 Worth Street.
“The recent crisis in the credit markets has caused a significant restructuring of Wall Street’s major financial institutions and at times seems to threaten the ability of the United States to recover from what may be a deep and long-lasting recession,” Professor Andrew R. Berman, Director of the Center for Real Estate Studies, said. “The current credit crunch has severely restricted the origination and refinancing of real estate loans and has virtually halted the residential and commercial mortgage-backed securities market. This breakfast forum is an important discussion on the impact of the credit crisis, examining the current state and future of the real estate capital markets and how lawyers and the national rating agencies are responding to this challenge.”
The event will feature two keynote speakers: Joseph Philip Forte, Partner at Alston & Bird LLP, and Daniel B. Rubock, Senior Vice President with Moody’s Investors Service, Inc. Forte is a member of the Real Estate Finance and Investment Group at Alston & Bird where he focuses on complex real estate finance for the capital markets. His expertise covers every imaginable type of financing technique, and he is nationally known as one of the premier securitization lawyers in the country. As Senior Vice President, Rubock works within the Commercial Real Estate Finance Group of Moody’s, where he is the group’s chief counsel, helping Moody’s develop its policy for structural and legal issues in commercial mortgage-backed securities. He has authored over 20 special reports and rating methodologies at Moody’s. Prior to joining Moody’s in 1999, he practiced law for almost 20 years with various law firms, including Cadwalader, Wickersham & Taft LLP; Dechert LLP; and White & Case LLP, concentrating in commercial real estate law and real estate litigation.
This event is free and open to the public but registration is required. Register by calling the Center for Real Estate Studies at 212.431.2135 or visiting: www.nyls.edu/realestate.
About the Center for Real Estate Studies
The Center for Real Estate Studies at New York Law School provides students with a unique educational opportunity to study both the private practice and public regulation of real estate. Leveraging the School’s location in the prime real estate market of New York City, the Center enables students to gain practical experience in the real estate community and make contacts for future employment. Launched in 2007, the Center offers an extensive selection of classroom courses, advanced seminars, and independent study projects, as well as externships in governmental offices and real estate firms. It also sponsors conferences, symposia, and continuing legal education programs on a broad spectrum of issues, including zoning and land use, environmental law, eminent domain, housing, the secondary mortgage market, and nontraditional financings. The Center for Real Estate Studies aims to help bridge the existing gap between the private practice and academic study of real estate, and is one of the premier research centers in the country for the study of real estate.
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