International investors are weighing immigration timing alongside location, value and construction progress.

The market is reflecting a balance between elevated supply and steady fundamentals.

It's unlikely to become endemic, according to Dan Berman of Herbert Smith — but the near-collapse at 235 East 42nd Street should force developers to double-check their designs and how they implement their planned projects.

The company is expanding through an Evergreen Fund while building a major distressed-debt position in San Francisco apartments.