News & Noteworthy

Article - Law360 Quotes Bruce Bronster on New York's Appeal to Foreign Real Estate Investors
JANUARY 16, 2014 | Law360

In the January 8th edition of Law360, Bruce Bronster (Partner, New York) responded to a recent survey by the Association of Foreign Investors in Real Estate in which respondents chose London over New York as the top location for foreign real estate investments.

Bruce defended New York's appeal, saying:

  • "I think [the shift toward London] may be true for a certain type of non-U.S. institutional investor, but ... the interest in New York is as great as I have seen it in the 30 years that I've been working in the New York market."
  • "Ultrahigh net worth individuals and family offices appear to still favor New York over other cities as the safest and most lucrative for real estate investment."

Read "London Unseats NY As Top Spot For Foreign RE Dollars" (subscription required).

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