NRC LUNCHEON HOSTS ABRAHAM J. HIDARY

- Development New York

The National Realty Club lunch meeting held on September 10, 2007 at The Williams Club featured Abraham J. Hidary, President of Hidrock Realty Inc., who discussed the dramatic changes that are affecting tenants, landlords and the business community. His topics included the conversion of manufacturing loft buildings into offices, the elimination of parking garages which are (in many cases) being replaced by hotels for business travelers, the influx of non-garment professional and service-oriented office companies as tenants into the old loft buildings, and the growing presence of institutional investors which are replacing families and individual owners.