
Westbury, NY ireon welcomes Con-Spec Associates, Inc. onto its membership roster to hold the exclusive category Building Material Consultants. The firm will be represented by Patrick Morrissey, president who was recommended by ireon member Don Gelestino, Champion Elevator.
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,