MANHATTAN — The New York chapter of Commercial Real Estate Women Inc. (NYCREW), which has many members from Brooklyn, will offer a road map to the economy and the real estate industry for the coming year at its meeting on Wednesday, Jan. 11, in Manhattan.

Dennis P. Yeskey, an expert on restructuring and reorganization, will discuss “Global Trends in the 2012 Real Estate Capital Markets” at NYCREW’s first event of its second decade from 6:30 to 8 p.m. at the offices of UBS Financial Services, 1285 Avenue of the Americas.

Yeskey, managing director of New York City-based global consulting firm AlixPartners LLP, will give an overview of the real estate and capital markets, focusing on relevant economic conditions and developments, and challenges and opportunities likely to occur during the coming year.

“Dennis’ analysis and predictions of what will happen in real estate in New York City, nationally and internationally have become an annual tradition for NYCREW,” said Karen Dome, 2012 president and a senior associate at Marcus & Millichap. “His discussions are always lively, accessible and useful.”

Yeskey joined AlixPartners in July 2009 to help grow the firm’s global real estate practice. Previously, he served as national director of the capital markets practice for Deloitte Consulting LLP. He also has worked with Kenneth Leventhal & Co., Price Waterhouse Coopers and A.T. Kearney Inc.

This session is the first of a number of events NYCREW has planned for 2012.

To register or obtain information on future programs, please visit www.nycrew.org

Dennis Yeskey will be presenting at IMN's Bankers Conference in London June 21-23, 2011.

In a study on the outlook for commercial real estate to be released at a later date, Yeskey writes that a "snapback" in commercial real estate deals could begin in late 2010.

His experience is echoed by a December DebtWire survey that showed almost 50 percent of the hedge funds and other distressed debt investors queried said that real estate offered the greatest opportunity this year.

"Of course, commercial real estate fundamentals are still far from good, but I've never seen so much money sitting on the sidelines ready to pounce," says Dennis Yeskey, head of the firm's commercial real estate practice. "For investors and lenders who are able to get their houses in order, from streamlining operating costs to managing capacities, this could finally be a turnaround year."

CNBC spot: Interviewed live by Larry Kudlow about commercial and residential real estate trends on The Call segment, placed in video review for one week.

“You got some people, like Barry, smart people who are trying to get ahead of the market,” said Dennis Yeskey, managing director at AlixPartners LLP and former principal for real estate at Deloitte LLP. “I think he’s ahead of his time.”

"It's not a turning point. The problems are only starting," Dennis Yeskey, a senior adviser at AlixPartners L.L.P., a business-advisory firm in New York, said today.

If anything, commercial real estate backed by securitized debt such as commercial mortgage-backed securities, with its bundling of assets, multiple layers of debt and complex ownership scheme, is even more complicated to handle. "How do you deal with thousands of investors?" asks AlixPartners' Yeskey. CMBS "were never designed to deal with this kind of market."