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ECONOMIST TO ASSESS HEALTH OF NEW YORK CITY’S COMMERCIAL REAL ESTATE INDUSTRY

-$20 billion commercial real estate industry is experiencing busiest third quarter in three years–

New York, NY – December 12, 2011 – (RealEstateRama) — Real estate industry expert Hugh Kelly will present key economic and industry indicators showing the New York City’s commercial real estate industry to be one of the strongest in the country, if not the entire world, and is likely to remain strong over the next several years. The contract covering more than 22,000 commercial building office cleaners is set to expire at 12:01 am on January 1, 2012.

WHAT:              Tele-Press Briefing on NYC’s Commercial Real Estate Market

    WHO:            Hugh F. Kelly, CRE Real Estate Economics

  WHEN:            11:00 AM, Tuesday, December 13, 2011

WHERE:           Dial-in number: (877) 842-5648

Passcode: 1562098

Failure to reach a new contract by 12:01 a.m. on January 1, 2012 could lead to a strike of more than 22,000 office cleaners at over 1,500 commercial office buildings citywide.

With more than 120,000 members, including 70,000 in New York, 32BJ is the largest private-sector union in the state. For more information, visit www.standwithbuildingworkers.org .

Contact:
Kwame Patterson 312-371-2485
Matt Nerzig 212-539-2882