March 9, 2016 | Commercial Observer
Last week, I wrote about the current status of the multifamily sector in New York City and one sentence, toward the end of that column, produced more emails and calls than any other I have written in quite some time. That sentence was, “Notwithstanding the strong policy headwinds rent-regulated assets have faced, and will continue to face, the sector continues to progress in a positive way, at least for now.” Most of the questions were regarding the headwinds yet to come. But the tumult the market has already faced is substantive and should be reviewed as well. Let’s take a look...
Click here for full article