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ABO members prepare for recovery.

According to the latest economic indicators, New York City has bottomed out of the recession. The days of "building up" are ahead and evidence of an economic turnaround abounds throughout the region.

Whether it's the return of construction cranes on the Manhattan skyline for the first time in four years; or the black-and-white proof that commercial absorption continues to out-number added space, it would appear that there will be new business on the horizon.

Those real estate professionals who prevailed during the past several years, time and again cite their need for information and communication to remain competitive, to survive, and indeed, to prosper.

This is why Associated Builders and Owners has made the education of our membership Priority One for the coming year. For this reason, exhibitor space at our Buildings/NY trade show last March was sold out six months inadvance. Next year's event is selling at an even more feverish pace.

Buildings/NY is the place where aggressive, growth-oriented companies send their people to learn about the latest products, services and ideas to stay current in today's ever-changing marketplace.

In the coming months, ABO also plans a series of special seminars, such as last year's fully-subscribed "Profit by Association" workshop.

Our program of monthly luncheon meetings brings the region's most powerful public officials and private industry leaders face-to-face with ABO members. It is not uncommon to learn about government policy issues far in advance of their promulgation. Tax issues, water metering, asbestos and lead abatement procedures -- all were previewed "at the source" for the ABO membership in recent years.

In the aftermath of the S & L crisis, the real estate lending community came to ABO in order to open a new era of communication with real estate entrepreneurs. ABO provided one of the very first forums for a meaningful dialogue.

These social gatherings led directly to a new proposed Cooperative Mortgage Program that was co-authored ABO co-chairmen Thomas Osterman and Robert Selsam, and the Mortgage Bankers Association of New York. The goal of the program is to improve the economy of the State of New York by strengthening the ownership structure of owner-occupied affordable housing in the state, thereby preserving and increasing its supply.

The program is intended to prevent deterioration of existing housing stock, to preserve the equity of unit owners in such housing and to add liquidity to the cooperative and condominium markets while assisting banks in meeting their community reinvestment requirements.

ABO's capabilities are based in large part on communication and the sharing of strengths. Our 83 years of experience shows that membership in a trade association is a tremendous asset in times of economic change. ABO's formal, on-going educational programs, conducted under the auspices of the National Association of Home Builders (NAHB), have won national awards for the number of Registered Apartment Managers they have produced. In conclusion, I urge all real estate professionals in New York to look into the benefits of ABO membership. Contact Herbert Warshavsky, executive director, ABO, 25 West 43rd Street, Suite 311, New York, NY
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Title Annotation:Career Development; Associated Builders and Owners of Greater New York; real estate industry economic recovery
Author:Belson, Jerome
Publication:Real Estate Weekly
Article Type:Column
Date:Aug 18, 1993
Words:507
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