Manhattan, NY Fried Frank advised the Olayan Group on its 144,000 s/f leasing agreement with Clayton Dubilier & Rice to move the private investment advisory firm’s headquarters to Olayan’s 550 Madison Ave.
The Fried Frank team was led by partners Robert Sorin and Valerie Kelly and special counsel Danielle Frank.
New York tri-state multifamily investors are increasingly reallocating capital to less-regulated markets across the U.S. as rent control and legislative risk erode returns at home. With over 60% of New York City’s rental housing stock classified as rent-stabilized, the traditional value-add model — buying under-performing buildings,