News & Noteworthy

Article - Bruce Bronster in Law360 on Lower Manhattan Real Estate
JANUARY 29, 2014 | Law360

Bruce Bronster (Partner, New York) spoke to Law360 on January 27 about a recent survey which found that, despite doubting that Lower Manhattan will be storm-proofed, real estate executives believe downtown property prices will rise as the area becomes increasingly desirable to tenants.

Bruce said:

  • "I think that people get a false sense that it can never happen, or that the fact that Sandy came along means it won't happen for another 1,000 years."
  • "All of these factors have strongly influenced downtown pricing. Whether a storm's coming or not, there's a need downtown.

Read "Experts Bullish On Lower Manhattan Despite Flood Risk" (subscription required).

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