The 2011 Real Estate Symposium took place on December 8, 2011, from 12 to 5 p.m. at Faculty House, Columbia University, and was open exclusively to alumni of Columbia Business School. The keynote speaker was Richard B. Saltzman of Colony Capital.The Real Estate Symposium is an annual educational forum designed to build a community network for Columbia Business School alumni. It is co-hosted by the Paul Milstein Center for Real Estate and the Real Estate Circle. The Symposium features accomplished Columbia Business School alumni and top industry leaders who engage in a broad-based discussion of topical issues, high-profile transactions, trends, and challenges facing the real estate industry.ReportsOpening Remarks and Keynote AddressRestoring Functioning Debt Markets PanelEquity Capital Markets PanelFuture Development in New York PanelMain Panel: Designing and Executing Investment Strategies in Unprecedented Uncertainty Slideshow(For a full-screen view, click on the icon at lower right of the slideshow. For captions, click on "Show Info" at upper right of the full-screen view.) 2011 Schedule of Events  12:00 p.m.Check-in/Registration and Buffet Lunch1:00 p.m.Opening RemarksLynne B. Sagalyn, Earle W. Kazis and Benjamin Schore Professor of Real Estate and Director, the Paul Milstein Center for Real Estate, Columbia Business School1:15 p.m.Keynote SpeakerRichard B. Saltzman, PresidentColony Capital1:45 p.m.Break2:00 – 3:30 p.m.Breakout Panels3:45 – 5:00 p.m.Main Panel Breakout Panels  Restoring Functioning Debt MarketsModerator: Jeffrey Barclay '83, Managing Director and CIO of Goldma Sachs Asset Management's Real Estate Investment Group, Goldman, Sachs & Co.; Adjunct Professor, Columbia Business School & 2011 Real Estate Symposium Committee ChairPanelists: Robert Lieber, Executive Managing Director, Island Capital Group; Anthony Orso '90, Executive Managing Director and CEO, Cantor Commercial Real Estate; and Daniel Ottensoser, Law '96, Managing Director, Goldman, Sachs, & Co.Equity Capital Markets - Public and PrivateModerator: Andrew Jacobs '96, Managing Director and Partner, Metropolitan Real Estate Equity Management and Adjunct Professor, Columbia Business SchoolPanelists: Martin Cicco, Senior Managing Director and Head of Real Estate, Evercore Partners; Ross Smotrich '83, Managing Director and Senior Research Analyst, Barclays Capital; and Douglas Weill, Founder and Managing Partner, Hodes, Weill & AssociatesFuture Development in New YorkModerator: Thomas Craig '82, Senior Vice President, Hines and Adjunct Professor, Columbia Business SchoolPanelists: Jay Cross, President, Related Hudson Yards, Related Companies; Veronica Hackett, Senior Vice President, Development, U.S. Commercial Operations, Brookfield Office Properties; and Philippe Visser '04, Director, World Trade Center Redevelopment, Port Authority of New York & New JerseyMain Panel  Designing and Executing Investment Strategies in Unprecedented UncertaintyIntroduction by Jeffrey Barclay '83, Managing Director and CIO of Goldma Sachs Asset Management's Real Estate Investment Group, Goldman, Sachs & Co.; Adjunct Professor, Columbia Business School & 2011 Real Estate Symposium Committee ChairModerator: Lynne Sagalyn, Earle W. Kazis and Benjamin Schore Professor of Real Estate and Director, the Paul Milstein Center for Real Estate, Columbia Business SchoolPanelists: Joseph Azrack '72, Managing Partner and Head of Real Estate, Apollo Global Management; Frank Cohen, Senior Managing Director, Real Estate, The Blackstone Group; and Daniel Neidich, Founding Partner and Co-CEO, Dune Real Estate Partners