Colts Neck, NJ Jonathan Mechanic, chairman of Fried Frank’s Real Estate Department, was honored at the Sephardic Community Center’s Third Annual Golf Outing event held at the Trump National Golf Club. The record-breaking event, which attracted many of the most influential executives from the real estate industry, raised over $850,000 to help people in underserved communities. The golf outing was hosted by Morris Bailey, Joseph Jerome, Jack Cayre, Richard Chera and Gladys Haddad.
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,