New York, NY Arthur Mirante, Tri-State president for Avison Young (AY), recently moderated the “Cities within Cities” panel examining future trends and transformational commercial real estate projects at The Harvard Real Estate Weekend, an annual conference that took place March 24th-25th at Boston University.
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,