NEW YORK CITY—One of the biggest challenges is the city’s dependency on its $93 million budget, and “we’re not putting aside adequate reserves,” says Paul J. Massey, Jr. “So, when big things happen in the economy, another recession, I think the city is underprepared and we’ll all suffer for that.”
Massey co-founded the brokerage Massey Knakal, which Cushman & Wakefield bought for $100 million in 2015. Last year, he started the real estate advisory firm B6. But in 2017, he was one of the contenders challenging Mayor Bill de Blasio. He visited ALM Media’s studio to discuss key issues of the city including its economy, housing, schools and public transportation—through a real estate lens.
Paul J. Massey, Jr. at ALM Media studio
Recommended For You
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Betsy Kim
Betsy Kim was the bureau chief, East Coast, and New York City reporter for Real Estate Forum and GlobeSt.com. As a lawyer and journalist, Betsy has worked as the director of editorial and content for LexisNexis Lawyers.com, a TV/multi-media journalist for NBC and CBS affiliated TV stations in the Midwest, and an associate producer at Court TV.
