The Art of the (Discounted) Deal
Real Estate partner and chair of Herrick's Leasing Practice, Jonathan Adelsberg, was quoted by The Real Deal in an article discussing discounted and reduced rate deals in the New York real estate market in early 2021.
The article states, "Owners who can are choosing to hold onto their properties until the market stabilizes and pricing becomes more clear, according to Jonathan Adelsberg... At that point, they can 'assess the level of damage' the pandemic has had, Adelsberg added."
Read the full piece in The Real Deal here. Access may require a subscription.