Some RE Investors Leave NY For Higher Risk, Reward

Law360, New York (February 15, 2012, 7:03 PM EST) -- Manhattan has long been considered a real estate safe haven, but private equity firms and other short-term investors are cooling to the low returns that come with safe bets and are beginning to branch out, according to real estate attorneys.

While more cautious investors stick to the island, family-owned development firm Steiner NYC has made a name for itself in parts of Brooklyn that were once considered off-limits. The Steiner family, which was responsible for the Steiner Studios building in Brooklyn's Navy Yard, now plans to...
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