Category : Views

Views

Skyscraper owners should think big when it comes to solar power

REW
by REW1384
By Steven J. Schleider, MAI, FRICS, LEED AP BD + C, President, Metropolitan Valuation Services The lyrics go “Hot town, summer in the city…” and we’ll be there again soon. Soaring temps will be further intensified by the Urban Heat Island Effect which makes NYC hotter than rural areas due to population...
Views

The industry that always throws its weight behind a good cause

REW
by REW1114
It’s no secret that the real estate industry is a major force in New York’s philanthropic world. It is deeply gratifying to work with so many of our members who are genuine humanitarians. There are so many events to benefit so many worthy causes it can be difficult to keep...
Lenders: Get a Leg up with Technology
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Lenders: Get a Leg up with Technology

REW
by REW2467
By Elizabeth Young,  Reonomy, Member of Real Estate Services Alliance Over the last few years, technology has revolutionized the real estate world. The market has changed from a Caveat Emptor (buyer beware; the seller may not be telling you everything) to Caveat Venditor (seller beware; the buyer knows everything about you)....
Tax savings for building companies worth the time and effort
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Tax savings for building companies worth the time and effort

REW
by REW1364
By Marc Newman, CPA, Associate Managing Partner, Anchin, Block & Anchin LLP It goes by many names. You might hear it called the “domestic production activities deduction” or the “manufacturer’s deduction” or, as we’ll call it, the “Section 199 deduction.” About 10 years ago, this provision of the Internal Revenue...
FeaturedREBNY WatchViews

Success of pivotal housing plans hinges on program like 421a

REW
by REW1435
By REBNY President John Banks In last week’s column, I explained the significance of the City Council’s vote to approve Mayor de Blasio’s affordable housing plan – particularly, the Mandatory Inclusionary Zoning (MIH) aspect of the plan. The second tenet of the plan, Zoning for Quality and Affordability (ZQA), is...
FeaturedREBNY WatchViews

Inclusionary housing programs crucial, but work better with 421a

REW
by REW2128
By REBNY President John Banks The US Census Bureau announced last week that New York City’s population has grown to its largest size in recorded history – with 8,550,405 people living in the five boroughs as of last summer.  New York City’s continued population growth (coupled with record job growth)...
Joint venture partnerships about more than the bottom line
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Joint venture partnerships about more than the bottom line

REW
by REW1702
By Osei Rubie, founder & president, National Standard Abstract The multifaceted housing development sector of New York’s real estate market involves both the growing need for affordable and supportive housing, and heightened demand for market-rate housing. Today, developers increasingly look to the joint venture partnership model to broaden their capacity for...
New Con Edison program paying back co-generation owners for unused power
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New Con Edison program paying back co-generation owners for unused power

REW
by REW1477
By Marc Graziano, Business Development Analyst, utiliVisor and Pete Falcier, VP of Development and Analytics, GI Energy A significant component of utility bills for building owners that produce their own power is the Contract Demand Delivery Charge, which covers the cost of standby power the utility must deliver in the event of...
Debt & EquityViews

Bending over backwards to defer taxes: Reverse 1031 exchanges

REW
by REW1335
By Michael S. Brady, Esq., Vice President, Riverside 1031 LLC Commercial property values are on the rise, and many property owners are looking reinvest their profits in assets that provide new opportunities. Faced with federal, state and local capital gain tax rates approaching 30 percent or more, these investors are...
Looking ahead: EB-5 program reform
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Looking ahead: EB-5 program reform

REW
by REW1089
By Robert S. Rausch, Uriel A. Mendieta and Rail Seoane of Hunton & Williams LLP The Immigrant Investor Program, more commonly referred to as the EB-5 program, gives foreign entrepreneurs the opportunity to permanently reside and work in the United States after investing capital into an American commercial enterprise creating...