Category : Views

The state of the debt market for commercial real estate
Debt & EquityViews

The state of the debt market for commercial real estate

REW
By Steven A. Kohn, Vice Chairman, President – Equity, Debt & Structured Finance, Cushman & Wakefield How has 2017 been for real estate financing? 2017 continues to be a great year to be a borrower. Financing is readily available at virtually all leverage levels at attractive pricing. Low interest rates and...
REBNY WatchViews

Construction safety bill falls short on real solutions

REW
Despite concerns raised by many groups, the City Council has passed Intro 1447-C, otherwise known as the construction safety bill. The Real Estate Board of New York agrees that every worker should receive safety training. However, this legislation fails to address some key concerns. It is fair to note that...
REBNY WatchViews

An important opportunity to improve aging infrastructure

REW
Now that leaders from both sides of the aisle are focused on the major rail project known as Gateway, the real work must begin. We are encouraged by reports that President Trump’s recent meeting with Senator Schumer and Governors Cuomo and Christie went well. Now is the time to reinforce...
What to consider when negotiating environmental indemnity agreements
Views

What to consider when negotiating environmental indemnity agreements

REW
By Dennis Sughrue and Adam Hirst, Pryor Cashman LLP In a construction financing, the lender will often require the owner of the property that is being developed to have an individual or entity – also known as a “guarantor” – sign an environmental indemnity agreement. In such agreements, the guarantor...
The fundamentals of securing the best rate on your commercial mortgage
Views

The fundamentals of securing the best rate on your commercial mortgage

REW
By Stephen A. Sobin, President and Founder of Select Commercial Funding Every commercial mortgage loan applicant invariably asks the same questions: “What are commercial mortgages rates today?” and “How do I qualify for the best commercial mortgage rate?” Before answering that question, commercial mortgage lenders need to fully understand the transaction,...
Tax break 421a provides opportunities for developers and residents alike
Views

Tax break 421a provides opportunities for developers and residents alike

REW
By Heidi Burkhart, president and founder, Dane PCG I have heard a lot of criticism of the 421-­a affordable housing program, which some have deemed weak and “a giveaway to developers.” Many parties have emphasized how expensive the program will be instead of highlighting how expansive the opportunities and benefits...
REBNY WatchViews

Roadmap for owners as bike etiquette takes a right turn

REW
Bicycle ridership is on the rise. More than 750,000 New Yorkers use a bicycle regularly (at least once per month), more than three times the number of riders almost two decades ago. To support sustainability and provide an alternative means of transportation, the City of New York has been doing...
Concealed carry law would undo progress made on curbing crime
REBNY WatchViews

Concealed carry law would undo progress made on curbing crime

REW
A healthy and vibrant real estate environment in New York City depends on more than just policies specific to our industry. Underlying all new development is the assumption that neighborhoods, residential buildings, and commercial districts will be safe. It is for this reason that REBNY joins the New York Congressional...