NAREIT's Annual Convention on All Things REIT at New York's Waldorf-Astoria Hotel included an awards ceremony for two industry executives who received the association's Leadership Award and Industry Achievement Award. This year, they were granted, respectively, to Douglas Crocker II, who served as president and CEO of Equity Residential from 1993 to 2002, and Gilbert G. Menna, partner and co-chair of the Real Estate, REITs and Real Estate Capital Markets Group of the law firm Goodwin Procter. The first day of the conference heard REIT executives speak of guarded optimism for the coming year. For instance, Vornado Realty Trust is starting to see surging demand for development projects in Washington, CEO Mike Fascitelli said.

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