Jeff Gural (left), 67, and Jimmy Kuhn, 61, are chairman and president, respectively, of brokerage Newmark Knight Frank, as well as landlords of millions of square feet of New York.

Location: Do you ever get bored waiting for the market to recover?

Mr. Kuhn: God, this is great! I don’t get bored waiting for the market to recover. I go look for opportunities! This is the greatest mining time we’ve had in the last 10 years. … And if you’re a tenant-rep broker, and I’m not, tenants now feel the market is at the bottom. I think the economic statistics indicate we’ve sort of hit bottom in terms of rental value. Jeff may disagree. And at least tenants are starting to write leases again.



Do you agree that we’ve hit bottom, Jeff?

Mr. Gural: Yeah, I think you’ve got a dynamic where you have landlords like ourselves, the old families who don’t have a lot of debt and who have owned the buildings a long time and have the flexibility of adjusting to the market, which is what we basically have done. …More here.













Shravan Vidyarthi.