Fed Interest Rate Cut Could Help Keep City Investment Flowing

July 31, 2019 – Media Mention
Crain's New York Business

Partner Jonathan Adelsberg was quoted in Crain's New York Business in an article covering the Federal Reserve's interest rate cut and its ramifications to the New York real estate market. 

The article mentions that Jonathan "noted the majority of real estate transactions require debt-financing, so the cost to borrow is always an important consideration." He stated, “If there is a drop in the cost for one of your line items in any transaction, then it obviously becomes a more attractive one to developers. The question is, with all the other market forces in play, how much does cheaper money impact whether I want to buy a building?”