Manhattan, NY Ivanhoé Cambridge and Callahan Capital Properties, along with their partner, The Swig Company, celebrated Earth Day at 1411 Broadway, their 39-story, class A office tower in Midtown Manhattan with their tenants and guests. The building management hosted a number of vendors and displays in the newly designed lobby answering questions and providing advice on recycling, sustainable food, green cleaning, energy conservation and gardening.
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,