Category : Editorial Supplements

Editorial Supplements

Banging, drilling and keeping the neighbors happy

REW Staff
by REW Staff778
By C. Jaye Berger, Esq. We all live in tight quarters in New York City. Everyone has neighbors either in apartments next door, above or below them or in adjoining buildings. When these neighbors engage in construction, it can cause disagreements, damage and often litigation. The biggest issue with neighbors...
Is the New York hotel industry in midst of perfect storm?
Editorial Supplements

Is the New York hotel industry in midst of perfect storm?

REW Staff
by REW Staff823
By Demetri Yatrakis, partner and COO, WeiserMazars LLP Hotel development and investment in New York City is booming. A rebound in the city’s tourist industry has run headlong into a dearth of hotels caused by out of date buildings and buildings in need of restoration. Many funds and deal sponsors...
Editorial Supplements

Banks hit the 7th inning stretch

REW Staff
by REW Staff780
By Josh Anderson, partner and COO, The Roseview Group   As advisors to banks, the question my colleagues and I are asked most often by real estate investors, and even by lenders themselves is: How far along are we in the cycle? How much progress have banks made in working...
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Apartment REIT growth solid but slowing

REW Staff
by REW Staff980
Apartment REIT performance has begun to slip this year despite strong market fundamentals and earnings growth, says Trepp managing director Susan Persin. The apartment sector’s 9.59% year-to-date return as of August 22 is well below the 16.57% all equity REIT average. Market fundamentals are strong, but many REITs appear to be fully priced so that growth prospects, along with some industry challenges, are already incorporated into REIT valuations.
Editorial Supplements

Gifting real estate: Think twice before you pass

REW Staff
by REW Staff
By Victor Mizzaro, CPA, Partner Niles Citrin, CPA, PFS, Partner Richard Zendel, Principal and Matthew Bonney, CPA, Partner Citrin Cooperman   For real estate family … Continued
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Real estate investing for the non-professional

REW Staff
by REW Staff853
Trophy office building sales tend to dominate the headlines. Rightfully so, as large sums of money are changing hands. These transactions usually trade from one institutional buyer to another and involve complex capital structures fueled by private equity funds and the CMBS market. Unless an individual invests in a REIT or a real estate centric private equity fund, he or she has little or no exposure to these transactions. Even if they do, they might not be achieving the diversification that they seek, as REITs often follow the stock market. In fact from 1978 to 2011, the correlation between REITs and small stocks was .75, whereas real estate owned was .08, according to UBS.
Editorial Supplements

Lenders turn to note sales

REW Staff
by REW Staff964
Investment sales broker Northeast Private Client Group has announced the recent sales of six Connecticut investment properties, all of which resulted from off-market trading of discounted notes. Edward Jordan, JD, CCIM, the firm’s managing director, represented the sellers and/or the buyers in each deal. “We are finding that many lenders...
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Courts thwart DHCR policy change on MCI applications

REW Staff
by REW Staff1034
By Phillip Billet Belkin, Burden, Wenig & Goldman LLP BBWG was recently successful in preventing the New York State Division of Housing and Community Renewal from altering one of its longstanding policies relating to the processing of major capital improvement rent increase applications; a change which would have made it...