Shown (from left) are: Jeffrey Unger of Kalmon Dolgin Affiliates, Inc.; Chris Costa and Neil Dolgin of Kalmon Dolgin Affiliates, Inc.; Mitchell Rechler and Chuck Tabone of Newmark Grubb Knight Frank; Gregg Rechler and Ted Trias; and Howard Nemshin of Atlantic Property Services.Plainview, NY Rechler Equity Partners hosted their annual brokers award ceremony to congratulate the commercial real estate brokers who significantly contributed to Rechler Equity’s 2015 portfolio. The event, held at Rechler Equity’s headquarters, brought together Rechler Equity’s top commercial real estate brokers to recognize their accomplishments in adding 1.1 million s/f in new leases and renewals in addition 310,000 s/f in sales to the company’s portfolio.
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,