Manhattan, NY National law firm Pryor Cashman LLP hosted its 9th Annual Real Estate Cocktail Reception at the firm’s office in Times Square. This year, the firm brought together more than 200 attendees from the real estate space, comprised of Pryor Cashman attorneys, clients, and friends.
Attendees came from a wide array of sectors, including real estate finance, private equity, residential and commercial real estate development, commercial and luxury retail, architecture, fine art and design, real estate brokerage, restaurant, food + beverage, and international hospitality, among others.
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,