Shown (from left) are: Meyer Last of FFHS&J, Burton Resnick of Jack Resnick & Sons, Inc, Jonathan Mechanic of FFHS&J, Pam Stamataky of Jones Lang LaSalle and Stephen Siegel of CBRE Group, Inc.Manhattan, NY Fried Frank hosted its 2016 Annual Real Estate Holiday Party on December 6, 2016.
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,