Rich Abramson, Leo Leyva, and Jordan Metzger are featured in “Investors Shifting into Risk-Off Mode,”

February 22, 2017As Published in: Real Estate Finance & InvestmentAttorneys: Richard W. Abramson, Leo V. Leyva and Jordan J. Metzger

“A lot of clients are redeveloping and repurposing old office buildings, former Kmart and Sears stores, and big box spaces into entertainment centers and mixed-use developments,” said Richard Abramson, a member at law firm Cole Schotz. “Our clients who are in acquisition mode say that good deals are few and far between.”

New York, which continues to be a prime destination for international investors, continues to see a flood of capital despite softness in some segments of the market. “We’re still seeing a flight of capital from foreign countries into New York City,” said Jordan Metzger, a member of the firm. “The perception outside the U.S. is that New York metro commercial real estate is a relatively safe investment.”

While the city’s condo market has faltered, the for-rental apartment market has been solid. “In the New York City market, it’s no secret that condos have softened and slowed down over the last six to twelve months,” said Leo Leyva, a partner at Cole Schotz. “Year after year, cycle after cycle, multifamily residential investments are one of the more stable asset classes.”

Meanwhile, the office market continues to shine with risk-averse investors who are drawn to the number of jobs that have been created in the city. “Many do see the office market as a safer bet than high-end luxury condos,” said Metzger. “With the surge in the co-working market, many companies are outgrowing their co-working space and leasing larger blocks of office space in a variety of areas which could be a reason for the stability of the office sector.”
For shorter-term investors, now may be the time to sell and tap into gains from the recent run-up in prices. “Cap rates are at an all-time low, and not much movement can be done in terms of pricing,” Abramson noted.

Subscribers of Real Estate Finance & Investment can access the full article here.



Hosted on the FirmWise platform.

© Cole Schotz P.C.


The materials on this site have been prepared by Cole Schotz P.C. for general informational purposes only and are not intended to constitute legal advice. Viewers should not act upon this information without seeking professional counsel on the specific facts and circumstances in question from an attorney licensed in their jurisdiction. Use of this site does not create an attorney-client relationship between the user and Cole Schotz or any lawyer(s) within the firm. Any information sent to Cole Schotz or its lawyers through this site will not be treated as confidential and is not protected by the attorney-client privilege.

© Cole Schotz P.C.

Attorney Advertising

This website is an advertisement for a law firm. Statements and previous outcomes do not imply similar results in your matters.

© Cole Schotz P.C.


Thank you for your interest in our publication. Please fill out below and a copy will be sent to your email address.