Investing in the City of the Future- Part 3: Part Suburb, Part City: New Rochelle, NY
Seth Pinsky of RXR Realty uses his firm’s major investment in New Rochelle, New York, as a case study in blurring suburban/urban divisions. A city seen by many as a commuter town is reinventing itself as a walkable, dense residential community with an easy commute to NYC. The real estate play in New Rochelle should be of interest to investors everywhere.
Several important trends are having an impact on the value of real estate, among them the increasing expense of urban areas and the advent of driverless cars. Our featured experts present a mix of analysis and fascinating anecdotes.
While the effects of a shift to E-commerce are already being felt, most investors don’t realize that e-commerce accounts for only a percentage of overall shopping. As e-commerce grows, its impact on traditional retail real estate will be profound.
Kenneth Weissenberg gives an overview of EisnerAmper’s expertise in real estate investing and advisory services. Clients who engage EisnerAmper’s Real Estate Services team can count on hands-on experience with large complex real estate transactions.