Starwood Capital Warns: New York City Faces Big Challenges Ahead Under Mamdani
Highlights: – Billionaire investor Barry Sternlicht criticizes the newly elected NYC Mayor Zohran Mamdani, emphasizing rising development costs and public safety concerns. – Sternlicht links high housing prices to union regulations and warns against the sustainability of rent freezes proposed by Mamdani. – While expressing hope for New York City’s future, Sternlicht fears it may […]
