The top names in Omaha’s commercial real estate market gathered to discuss the state of their city’s commercial real estate market during the Nov. 10 Omaha Commercial Real Estate Conference held by Midwest Real Estate News at the Embassy Suites LaVista Hotel & Conference Center.
And what did these professionals discuss? The resiliency of Omaha’s real estate market. Yes, the Omaha commercial real estate market is struggling with the impact of high interest rates, much like every market across the country. But Omaha’s CRE market is poised to rebound well once stability returns and the Federal Reserve Board stops boosting its federal funds rate.
This isn’t surprising. Omaha has long boasted one of the steadiest commercial real estate markets. At last week’s conference, local brokers and developers all expressed optimism that brighter times lie ahead in the local commercial real estate industry.
Speaking on the Apartment Market Update & Forecast panel were moderator Jon Blumenthal, Partner, Baird Holm LLP; Tanya Shapiro, President, Cushman & Wakefield/The Lund Company; Ralph DePasquale, Managing Director Investment Sales, BERKADIA; Kelly Calderone, Asset Manager, Briar Capital Management LLC; and Alicia Clark Phd, CEO, SELDIN, LLC.
Participating on the Omaha Market Sector Update panel were Charles McNeil, Vice President, Principal, Colliers; Chris Richardson, Senior VP Operations, R&R Realty Group/Nebraska; Gordon Harnisch, Senior VP, Bankers Trust Company; moderator Kevin Stratman, CCIM, SIOR, Broker, Investors Realty, Inc.; Cole Scott, Senior Associate, CBRE; and Adam Mauer, Associate Broker, The Lerner Company.
Speakers on the Transformation & Development of Downtown and Suburban Markets panel were Mark Norman, VP of Economic Development, Greater Omaha Chamber; Jay Kline, VP Business Development, White Lotus Group; moderator Jenni Shukert, Senior Business Consultant, Olsson; Peter Frei, VP Investments, NewStreet Properties; and Michael Moylan, CEO, Shamrock Development, Inc.
