Manhattan, NY Matthews welcomed tenured commercial real estate executive Cory Rosenthal, DJ Johnston, Brock Emmetsberger, and several other top-producing agents to their New York office.
Rosenthal joins Matthews as the firm’s New York market leader and national director of multifamily.
Johnston and Emmetsberger joined the firm as executive vice presidents.
Joining Rosenthal, Johnston, and Emmetsberger are Maria D’Angelo, Jermaine Pugh, Bobby Lawrence, Henry Hill, Will Cheng, and Jameson Hill.
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,