New York, NY According to LERA Consulting Structural Engineers (LERA), Seokkwon Jang, Ph.D., P.E., has been named a partner. With the firm since 2004, Dr. Jang leads many of LERA’s commercial mixed-use and office developments in South Korea and has been responsible for significant firm growth in the region.
Additional promotions include Sangho Han, P.E., LEED AP promoted to associate partner, Aakash Badjatya, P.E. (MI), Rahul Joag, P.E. (MI), and Rick Naumann, P.E. were promoted to senior associate, Zhewen Huang, P.E. (CA), Xia Li, P.E. (CA), Juhua Yang, Ph.D., P.E. (MI) and Yun Luo, P.E. (TX) were promoted to associate.
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,