New York is simply a marquee city period. it adds credibility to your resume just as if you worked in finance, retail or just about anything in New York. There are also some hgh profile RE companies based in New York such as Cushman & Wakefield, Gramercy Capital, The Related Companies, Tishman Realty & Construction and the Trump Organization. Having said that, thre are real estate moguls in every major city, so working in NY real estate will not get you very far long term if you ultimately want to work in Atlanta or Dallas, for example. You'd want to drop anchor and build a reputation in the general area where you want to end up. Still, it would be impressive to any major real estate company in any city if your background education and internship were in New York, just like it would be impressive to bank employers in North Carolina if you have Wall Street experience. Hope this helps.
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