Brooklyn, NY According to Michael O’Brien, III, SIOR, of M.C. O’Brien, the firm has formed a wholly owned industrial real estate brokerage, M.C. O’Brien Commercial Realty, LLC. Michael O’Brien, III and his brother William O’Brien, SIOR will maintain offices of both companies at 4718 Ave. N.
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,