As I write this letter, we are preparing to attend the 18th Annual NYS Commercial Real Estate Conference at Turning Stone Resort Casino in Verona, NY, June 3-5.
We are looking forward to a very successful conference. Many thanks go out to our sponsors for their fantastic support of the event.
Diamond Sponsor: Cushman & Wakefield/Pyramid Brokerage.
Platinum Sponsors: Exchange Authority, LLC.
Gold Sponsors: New York Real Estate Journal, SABAL and Ten-X Commercial.
Silver Sponsors: Beardsley Architects & Engineers, The Chazen Companies, CIREB, Greater Rochester Assoc. of Realtors, Empower FCU, Harris Beach, PLLC, Hudson Valley Economic Development Corp., NorthMarq, SVN/Realty Performance Advisors, SVN/Deegan-Collins Commercial Associates and Stewart Title.
Guy Blake, CCIM, is the president of NYSCAR and is an associate real estate broker with Pyramid Brokerage Company, Newburgh, N.Y.
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,