Neveloff Quoted in The Real Deal

Real Estate partner Jay A. Neveloff was quoted in an article by The Real Deal about some of the bigger policies and proposals in motion to help New York's real estate market. One such policy has been New York City's use of developer bailouts, which uses government-funded stimulus money to infuse cash into stalled construction projects. One such stalled project that stands to benefit from this policy is the City Point project in downtown Brooklyn. Neveloff was quoted as saying that City Point is an important project, as it has the potential, based on its scale and vision, to transform the area. A project such as City Point, Neveloff said, is an excellent example of how development stimulus money should be used