Shown (from left) are: James Kuhn, Newmark Grubb Knight Frank; Bruce Mosler, Cushman & Wakefield; Jonathan Mechanic, Fried Frank; and Stephen Siegel, CBRE GroupNew York, NY As many as 1,200 of the real estate industry’s leading executives attended Fried Frank’s Annual Real Estate Gala held at Cipriani 42nd St. Attendees included real estate powerhouses including Jimmy Kuhn of Newmark Grubb Knight Frank, Bruce Mosler of Cushman & Wakefield and Stephen Siegel and Mary Ann Tighe of CBRE, among others. Hosted by Fried Frank’s real estate partners, including chairman Jonathan Mechanic, admission to the gala was one of the most sought-after tickets in town, attracting the industry’s top personalities.
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,