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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 concer...

The decision for apparel retailer Macys to close 100 stores across the United States could be seen as the latest in a cascade of losses by brick and mortar retailer to e-commerce. Indeed, online commerce has grown over the past few years, but it may not be the only culprit that is affecting reta...

Before making the decision to buy a condo, it is critical that you ask certain questions. The following are three important questions buyers of condos in New York need to ask before they commit: Ask about litigation the condo association is involved in Make sure to ask whether the condominium a...

As the summer months draw to a close, many homeowners may be concerned about how the market may be cooling off; which may limit the opportunities to sell a home or to move up to an upgrade. Indeed, the bull market for residential real estate in New York City had to slow down at some point. Betwee...

In a prior post, we identified several trends that could shape New York City real estate development in the future. An aging population in need of special case was one of them. As more baby boomers turn 65 each year, it is expected that many will need specified housing where residents can receive...

The key to being successful in commercial real estate in New York City is being able to anticipate trends and tailor ones efforts to meeting the needs that come with them. For real estate investors and financiers, knowing how these work can mean the difference between abundant success and potent...

Earlier this year we warned of the potential for residential units to fall sharply because there may have been overbuilding and a shortage of viable buyers. Because of this, buyers should be wary of posted home prices and should seek legal counsel to help negotiate fair prices. This was especiall...

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 concer...

Theres an old African proverb “it takes a village to raise a child” that stands for the different roles that people play (outside of a childs 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 ...

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 t...

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. Nevertheless, it still signals that the market for these building...

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 ...

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.  It is said that uncertainty is the enemy of growth. An...

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 athlet...

Part of the reason for the real estate boom in New York City involves the increase in foreign investment with luxury residential high rises. With more of these properties becoming available and more buyers coming from abroad, builders appear poised to oblige them. With that, it is essential for ...

In all New York residential real estate transactions, it is vital for the buyer to ensure that the seller has clear title to the property. Failing to resolve a title issue before closing can subject the buyer to litigation, make it difficult to later sell the home, and other undesirable outcomes ...

Finding the perfect home in New York City is a task in and of itself. But finding the right deal to finance it may be equally as challenging. Commercials abound with financial companies offering what they believe may be the best deal for consumers (or at least ways to find the best deal). This i...

While new construction and renovations have created opportunities for people seeking new homes in Manhattan, the past recession has created a demand for housing in the Hudson Valley. When the housing market (and loan market) tightened in New York City, prospective homeowners looked elsewhere to f...

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 e...

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 enc...

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...

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 th...

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 o...

Manhattan is attractive for residents of many ages because of its proximity to things that draw people; mainly restaurants, entertainment venues and places of employment. But what really makes the city special is the ability to shop, have a good meal and see unique events in one general area; mai...

In most markets outside of Manhattan, a $3 million home is far from a bargain. But as we have noted in a number of our posts this spring, the market in New York City is such that $3 million gives buyers a number of options. The uncertainty of international markets, combined with the tentative pol...