
Depew, NY The Upstate New York NAIOP Chapter held its Annual Awards Dinner on January 23th at Salvatore’s Italian Garden. 200 professionals attended the event, which celebrated some of the best projects in the region by its members including:
Upstate NAIOP thanks their sponsors, Carmina Wood Morris, DPC, LaBella Associates, Ellicott Development, Sinatra & Company Real Estate, Ciminelli Real Estate Corporation, Uniland Development Company, M&T Bank, Wendel, Hodgson Russ LLP, and LESTER APPRAISAL.
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,