Weekend Wrap-Up: REBNY Confronts a Rough 2023, Developers Tackle Limited-Income Co-ops, and Multifamily Cap Rates Moderate

    [REBNY 2023: NYC Is an Obstacle Course Worthy of Super Mario]( [The Real Estate Board of New York is back this week for its annual gala. They’ve got obstacles galore in front of them.](   [NYC Slowly Builds a New Generation of Limited-Income Co-Ops]( [NYC has financed thousands of rental apartments. But can it build a new generation of affordable co-ops in an era of rising interest rates?](   [The Rise in Multifamily Cap Rates Is Slowing, New Data Suggests]( [CBRE found that cap rates for Class A multifamily properties experienced their first significant quarterly deceleration since last March.](   [WeWork Fighting to Remain Traded on the New York Stock Exchange]( [WeWork could be delisted from the New York Stock Exchange after its stock price dipped below $1 per share for more than a month.](   [David Dishy Pushes Affordable Housing in a New Direction With LMXD]( [David Dishy is trying to tap into private capital for affordable housing projects with L+M's new development arm, LMXD.](   [Proptech Steps Into the Affordable Housing Void]( [From pre-construction to financing and compliance, real estate technology aims to chip away at a huge national problem.](   [New York City’s Restaurant Sheds Await Their Fate as Council Mulls]( [Seasonal? Year-round? Modular kits for everyone? A permanent ban? Many scenarios are on the menu.](   [Commercial Real Estate Remains Behind Kathy Hochul and Eric Adams — Results or Not]( [So what if Kathy Hochul and Eric Adams haven’t delivered on their grandest plans? Commercial real estate remains publicly behind both.](   [Merchants Capital’s Mathew Wambua Draws on Government Experience]( [The affordable housing lender was involved in some of the more transformative initiatives in New York City in the Bloomberg administration.](   [Limited Water Resources Could Choke Housing Boom in Arizona]( [What started as a flood will probably end up like so many dry gullies taking a beating under the sun.](   To forward this newsletter to a friend, [click here](. To manage your email preferences or unsubscribe [click here](. Visit the [Commercial Observer]( for the latest commercial real estate news. For advertising information, [download the media kit](. © Copyright 2023 [Observer Media]( 1 Whitehall Street, Floor 7, New York, NY 10004 This newsletter was published 04/22/2023. [View this email in a browser](.