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July 2016 Archives

Commercial real estate market may experience downward trend

In a prior post, we highlighted the number of opportunities available for retailers as developers were becoming increasingly open to building out spaces for particular uses. While this appears to be a golden opportunity for a retailer looking for space in New York City, it may be a sign of concern for landlords and developers.

How financing pieces are important to real estate projects

There’s an old African proverb “it takes a village to raise a child” that stands for the different roles that people play (outside of a child’s parents) in influencing the child so that he or she grows into a well-rounded person. Similarly, the same can be said for the financing and construction of a major commercial real estate project.

Condos vs. co-ops: for buyers, the difference can mean a lot

The housing market in New York City is very different than it is in the rest of the nation. One significant difference is the high number of cooperatives, or "co-ops" in the market. Although co-ops outnumber condominiums in New York City by 75 percent to 25 percent respectively, condos continue to increase due to new construction.

Sale of mixed use building in Queens one of the year's largest

In our last post, we highlighted a future potential trend that the residential rental market may see some relief over the next year. Indeed, it remains to be seen given how construction of multifamily units may not outpace demand.

Will the real estate rental market see some relief?

While the real estate market appears poised for another great year, the rental market across the country could use some relief. We noted in a few of our prior posts that the potential overproduction of luxury residences could taper a robust market, but for those who are not yet prepared to enter homeownership (for one reason or another) must settle for renting.

How the Brexit vote may affect the New York real estate market

It is not surprising that we have heard a great deal of “doom and gloom” news coming after Great Britain voted to leave the European Union. The so-called “Brexit” vote is expected to have reverberations across the United Kingdom and Europe.

More NBA players considering real estate as an investment choice

In the ESPN 30 for 30 documentary "Broke" sad stories are told of professional athletes who seemingly had it all financially, only to lose it all in shocking falls from grace. But not every former athlete is destined to lose their money after retiring. In fact, there is a growing number of athletes who are becoming successful in real estate.

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