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May 2016 Archives

Ideal situations for ground floor retailers

In our last post, we highlighted the potential opportunities for retail clients, as building owners are becoming more amenable to building out spaces to suit particular clients. As we delve further into this topic, we are finding that there are a number of areas in and around Manhattan that are experiencing rapid development, but are lacking in retail services.

Options are available for NYC retail clients

Spring is just as good a time to market commercial properties as it is to advertise retail properties. We noted in a prior post that the residential real estate market has appeared to turn a corner, as more people appeared ready to buy real estate. Similarly, commercial real estate owners are encouraged by the prospect of new businesses taking residence in their buildings.

How financing is critical to real estate projects

While we have noted the sprawl of luxury condos and apartments springing about in New York City, the renovation of properties around the city spans the gamut of income levels. The common denominator between all renovation projects is the money available. The story of a recent project in the Bronx is an example of this.

3 reasons real estate deals fall through

Real estate transactions are not always a smooth process. During the purchase process, a multitude of possible snags and issues can be encountered. Since it is generally not in the interest of the buyer or seller to have a transaction fall through in most cases, here are some of the aspects of the transaction that are especially prone to problems.

Has the real estate market turned a corner?

In a prior post, we highlighted the difficulties seen in the high end luxury apartment and condo market in New York City. Essentially, the mass building and renovations that were seen in 2014 through 2015 has resulted in a glut of available properties today. But just how the beauty and optimism of spring takes over from the drab and gloom of winter, the real estate market in the city is once again showing signs of improvement.

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