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Chair of the Tarter Krinsky & Drogin Real Estate Practice, Mark Aloia, shared his insights with The CooperatorNews, discussing the increasing momentum behind office-to-residential conversions in New York City and other major markets.
He addresses the market pressures driving the trend, the practical and legal hurdles developers must navigate, and the effects on the office market caused by the absorption of space from conversions.
Read the full article with more of Mark’s insights to learn more about the opportunities and challenges influencing these conversions.