The Wall Street Journal: NYC Developers React to Mamdani – Parkview’s Paul Rahimian Weighs In

By Rebecca Picciotto and Peter Grant | The Wall Street Journal | June 26, 2025

The Wall Street Journal reports on New York City developers’ reactions following Zohran Mamdani’s surprise primary victory. Proposed rent freezes and housing regulations are causing caution among developers and lenders.

Paul Rahimian, CEO of Parkview Financial, said his firm may take a more measured approach in the NYC market over the coming months, noting: “We might think twice” about certain deals there if regulations were to change.

The full article, originally published by The Wall Street Journal, is available to subscribers here