Manhattan, NY Fried Frank had their real estate holiday gala at Cipriani 42nd St. on December 4th. Hosted by Fried Frank’s real estate partners, including chairman Jonathan Mechanic, the event attracted more than 1,300 guests.
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,