Top real estate executives greeted Britain's decision on Thursday to exit the European Union—viewing the move as a boost to the New York City commercial and residential estate market.
"I think it helps New York City because it shows that this is the one place that is really stable and people feel confident investing here," said Gary Barnett, one of the city's most prolific residential developers who is in the process of erecting the tallest tower, by roof height, in the Western Hemisphere on Billionaire's Row in Manhattan. "Assuming it doesn't hurt the stock market for an extended period of time, it's not a negative."
Full Article
