
New York, NY On June 6, Herrick’s lawyers hosted a special 90th anniversary edition of the firm’s annual real estate networking event at Bryant Park. The firm, which was formed as a real estate law boutique in 1928, features one of the largest groups of commercial real estate lawyers in the city, brought together more than 650 industry stakeholders for a great night of laughter, collaboration and deal-hunting.
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,