New York City's office market is entering a new phase. While trophy assets continue to attract tenants and investment interest, large portions of the market are still grappling with vacancy, refinancing pressure, shifting workplace strategies, and growing questions around long-term asset viability.
As owners, investors, brokers, and lenders recalibrate their approach, the conversation has shifted from survival to strategy. Which buildings are positioned to compete? Where is capital being deployed? How are leasing dynamics evolving? And what role will conversions, redevelopment, and public policy play in shaping the next chapter of the market?
Bringing together leading voices from across ownership, brokerage, investment, and development—including executives from GFP Real Estate, RXR, Fisher Brothers, Newmark, and CBRE—the roundtable will explore the realities of today's office landscape and the opportunities emerging from a period of unprecedented change.
This conversation will offer a candid assessment of where the market stands today—and what comes next for one of the world's most important office markets
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David Falk serves as the President, New York Tri-State Region at Newmark, bringing more than four decades of industry leadership across and one of the most accomplished track records in office leasing nationwide. Falk leads a top-performing team that specializes in office tenant and landlord representation globally, with a concentration in Manhattan.
On the ownership side, Falk represents more than 25 million square feet in Manhattan—including premier assets 1 World Trade Center, 1251 Avenue of the Americas, 299 Park Avenue, 712 Fifth Avenue and 140 Broadway. Within the past two years alone, he has completed over three million square feet of leasing transactions. On the tenant side, he advises a long-standing roster of clients, such as Mitsui Fudosan, Marsh & McLennan, Cerberus Capital Management, Pace University and Havas North America.
Falk is known for delivering forward-thinking, client-centric solutions and brings market foresight and tailored strategies to every assignment. His and the team’s success is rooted in a distinctive culture—defined by integrity, collaboration and deep market fluency—that continues to set the standard in commercial real estate.
Michael Maturo is a founding Managing Partner and serves as President of RXR Realty (“RXR”), a multi-billion dollar private real estate company which was formed subsequent to the sale of Reckson Associates Realty Corp (“Reckson”)(NYSE:RA) to SL Green, one of the largest public Real Estate management buyouts in REIT history. In this capacity, he develops and implements RXR’s corporate strategy. He also oversees property operations and RXR’s investment management businesses as well as all capital markets activities. Mr. Maturo is a member of RXR’s Investment Committee and its Board of Directors.
Prior to the Reckson/SL Green merger, Mr. Maturo served as President and a member of the Board of Directors at Reckson. Mr. Maturo was also Chairman of the Investment Committee and had oversight responsibility over the company’s allocation of capital. Mr. Maturo worked in tandem with the Company’s CEO in developing and implementing Reckson’s corporate and operating strategies. Mr. Maturo was at Reckson from 1995 until January 2007. During his combined tenure between Reckson and RXR, Mr. Maturo has completed over $50 billion in capital markets transactions.
In addition, Mr. Maturo serves on a number of outside Boards and Committees including First Vice Chairman of the Board of Directors of the Long Island Association (LIA), as well as a Member of its Executive Committee and Chairman of its Economic Development Committee, Chairman of the Board of Directors of the Catholic Foundation of Long Island, Member of the Cold Spring Harbor Laboratory Association Board of Directors, Member of the Board of Directors of the National Italian American Foundation and Member of the Real Estate Roundtable. Mr. Maturo was appointed by Governor Cuomo in December 2012 to the Board of Trustees of the Long Island Power Authority (LIPA) where he served as Chairman of the Personnel and Compensation Committee and member of the Finance and Audit Committee and the Operations Transition Committee. Mr. Maturo completed his tenure on the LIPA board in January 2014.
Jonny Nierenberg is Vice President of Rithm Capital's Commercial Real Estate Investment Team, where he sources and originates new investment opportunities while managing the team's existing portfolio, including the recent acquisition of Elecor Properties (formerly Paramount Group). Over the past several years, he has helped grow Rithm's commercial real estate presence across the balance sheet and through strategic partnerships.
Peter Turchin is a Vice Chairman with CBRE focusing solely on owner representation in New York City. As the longest standing member and co-leader of the firm’s Agency Group, Mr. Turchin has become known throughout the city as a specialist for building repositions and ground up construction. The group represents a portfolio that ranges from 40-50 million sq feet.
His notable ground up construction agency projects include 343 Madison Avenue, 250 West 55th Street, Times Square Tower, 510 Madison Avenue, The New York Times Building, 3, 4 and 7 at World Trade Center and 106 W 56th Street. Mr. Turchin has been awarded as a Top Leasing Broker from Co-Star every year since 2004.
As a licensed attorney, Mr. Turchin’s combined legal and business background has proven to be a major advantage in arranging, structuring and negotiating transactions. Mr. Turchin is also active in the real estate community, regularly teaching internal classes and continuing education classes for the Real Estate Board of New York. He also has regular appearances on Bloomberg News and The Stoler Report.
The Real Deal NYC Roundtable series brings together a curated group of C-suite executives and principals for an intimate exchange of ideas. Here, the industry’s "inner circle" moves beyond small talk to engage in the kind of raw, unfiltered dialogue that rarely happens on a public stage.
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