Insights

Billionaire Investors Are First to Profit from Midtown East Rezoning

February 27, 2018 – Media Mention
Crain's New York Business

Mitch Korbey was quoted in Crain’s New York Business, discussing the first major Midtown East transaction since the area was rezoned in 2017. Korbey said that “the goal of the Midtown East rezoning is to incentivize the replacement of difficult-to-use commercial space with iconic and modern office towers for Fortune 500 companies, and to make sure that New York City stays competitive.”