Law360, New York (February 03, 2012, 6:33 PM ET) -- Buoyed by ready access to vast amounts of capital, real estate investment trusts and real estate-focused private equity funds are grabbing New York's biggest property deals, upstaging family-run firms that have been New York’s biggest real estate players for nearly half a century.
Blockbuster commercial real estate deals in the city had until recently been reserved for family-owned firms like Silverstein Properties Inc., Rudin Management Co. Inc. and The LeFrak Organization. Founded in the early 20th century, the family firms grew to dominate the New York...
REITs, PE Funds Elbow Family Firms Out Of Big NY Deals
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