Category : Opinion

Opinion

The New York Building Congress and our ambitious vision for the future of New York

REW March 26, 2022 March 26, 2022

by REWMarch 26, 2022March 26, 20223224

By Ralph Esposito and Carlo A. Scissura New York City is facing a critical moment in its history, and the eyes of the world are closely watching our next move. As we enter the third year of a global pandemic that has caused so much pain and loss, we understand...

Banking and Finance Opinion

Tax saving transactions every broker should know about

REW March 4, 2020 March 4, 2020

by REWMarch 4, 2020March 4, 20204963

By Jahn S. Brodwin & Scott Drago, FTI Consulting, Inc. High-value real estate deals bring high-dollar tax liability, driving commercial property owners to seek ways to minimize tax burdens. Brokers who are aware of the tax advantages of certain property dispositions and restructuring opportunities can provide greater value to clients...

Opinion

Demolition one of last ways to deregulate a building

Adam Leitman Bailey March 4, 2020 March 4, 2020

by Adam Leitman BaileyMarch 4, 2020March 4, 20206297

By Adam Leitman Bailey & Dov Treiman With the passage in June, 2019 of the HSTPA, owners are desperately seeking ways out of rent regulation in an attempt to recapture the profitability their buildings previously had. Two such exit strategies are “substantial rehabilitation,” available only to deteriorated buildings and “demolition,”...

Opinion

Real estate community should prepare now for just cause eviction

REW March 4, 2020 March 4, 2020

by REWMarch 4, 2020March 4, 20203403

By Douglas P. Heller, Counsel,Real Estate Department, Herrick, Feinstein As Just Cause eviction legislation gains popularity in New York State, the real estate community needs to proactively strategize around the possibility that it will be enacted. By requiring the renewal of most fair market leases upon expiration and limiting rent...

Opinion

Report: Rent burden impacting more $75,000-a-year earners

REW February 12, 2020 February 12, 2020

by REWFebruary 12, 2020February 12, 20203561

By Chris Herbert, Joint Center for Housing Rental market conditions in the United States have changed fundamentally since the Great Recession, according to America’s Rental Housing 2020, a new report from the Harvard Joint Center for Housing Studies. The report shows how it has become harder than ever for middle-income...

Opinion

Why new brownfield designation is good news for Brooklyn industry

REW February 5, 2020 February 5, 2020

by REWFebruary 5, 2020February 5, 20203793

By Jakub Nowak, Marcus & Millichap On December 17th of last year, the New York Department of State designated a 721-acre area in North Brooklyn’s Industrial Business Zone (IBZ) which stretches from eastern Greenpoint into parts of East Williamsburg and Bushwick as a new Brownfield Opportunity Area (BOA). The BOA...

Legal Viewpoints Opinion Views

Looking ahead to the challenges and opportunities coming in 2020

REW January 29, 2020 January 29, 2020

by REWJanuary 29, 2020January 29, 20204436

By Daniel M. Bernstein, Esq. Rosenberg & Estis, P.C. 2019 was a critical year for NYC real estate operators, developers, lenders and investors. Legal changes were numerous and their effects on values were profound. These changes require careful analysis and evaluation of how they affect your investments. Major Legal Developments...

Opinion

Old could be new again as city grapples with its growing population

REW January 29, 2020 January 29, 2020

by REWJanuary 29, 2020January 29, 20203456

By Joe Aquino, president, JAACRES What’s 8.5 miles long, hardly talked about, and last used by commuters in the late 1990s? That’s right: the Lower Montauk Branch of the Long Island Rail Road, which connects Jamaica to Long Island City. The line is currently used a few hours of the...

Opinion REBNY Watch Views

Affordable housing crisis: The problem we need to solve

REW January 29, 2020 January 29, 2020

by REWJanuary 29, 2020January 29, 20204424

There were a lot of positives for New York City in the last 10 years. Population rose as citizens from around the world flocked to our city; attracted to low levels of crime, an innovative spirit, and steady job growth. Between 2005 and 2016 alone, the City added over a...

Opinion

OPINION: The inside views that had our readers talking last year

REW January 15, 2020 January 15, 2020

by REWJanuary 15, 2020January 15, 20203253

The following are excerpts from our most-read opinion pieces of 2019. You can submit your views to [email protected] for consideration. To see these and other insider commentaries in full, visit www.rew-online.com There are certain uncertainties adeveloper just canʼt live with— Ed Kalikow, president, Kalikow Group I have been in real...