Opportunity Zones: What you need to know
Avison Young pincipal James Nelson examines new tax program he believes will be a game changer for the commercial real estate market
Category : Views
Op-ed: To meet housing needs, public-private partnerships a must
One of the most pressing needs in New York City is quality affordable housing. We’ve all seen the glass and steel towers rising in Manhattan and in the hottest neighborhoods in Brooklyn but how many focus on affordability?
The retail sky is not falling, but there will be pain for those who don’t adjust
Avison Young principal Jedd Niro says retailers who find the right balance between the physical and the cyber world will succeed in the new shopping landscape
Pitching the Potential: A&D Counsel for Class B Brokering
By Roger Marquis, Client Relations and Business Development Director, Spacesmith The world of commercial real estate sales is extremely competitive, and to succeed in both up markets and down markets savvy commercial brokers win by knowing how best to position and present office spaces in a wide range of locations...
Proposed regulations would harm retailers, owners
By Adelaide Polsinelli, vice chair of Compass Commercial Brokerage Late last year, the New York City Council gave tax relief to independent storeowners in Manhattan south of 96th Street and north of Murray Street by exempting nearly 2,000 businesses from the city’s 3.9 percent commercial tax on base rent and...
Affordable New York is not living up to its name
By Chris Gillis, Investment Real Estate Salesperson, Ackman-Ziff Affordable New York, the replacement for the expired 421-a housing development program, is far from living up to its name. While it may have launched with lofty intentions, the program has produced virtually no new affordable units for New York City. New...
Rising to the challenge of raising capital in a tough market
By Greg Kalikow, vice president, The Kalikow Group Raising equity for a project can be a challenge even in times of a healthy real estate market. At the moment, in the New York marketplace, approximately 40,000 multifamily units are coming online mainly in Long Island City and Hudson Yards. We’re...
How to make New York affordable again
The New Program that took effect in April 2017 has failed to provide any meaningful affordable development, but rather encouraged developers to build just enough for a tax break
A beginners guide to affordable housing
Having a working knowledge of these terms will help you successfully navigate the sometimes confusing and overwhelming world of affordable housing.
Conforming the 421-a and MIH Programs
By James P. Power, Partner, and Patrick Sullivan, Special Counsel for Kramer Levin Many of our clients have asked us how they can avail themselves of the state’s revamped 421-a tax exemption program — the Affordable New York Housing Program — on a project that is also subject to the city’s...