Category : Views

Views

Schack prof: More fracking science needed

REW Staff
By Patricia J. Lancaster, FAIA Whether you are pro or con, there is simply not enough known about the effects of hydro-fracking to make a considered judgment. Although the first commercial use of hydro-fracking was in 1949, the main differentiating factor that makes it much less expensive now is the use of millions of gallons of fresh water per drill site, and the ability to control horizontal drilling remotely.
Views

Hike in midtown rents got nothing on Super Bowl tickets

REW Staff
By Richard Persichetti, vice president, Cassidy Turley The 2014 Super Bowl will be held in the New York City area for the first time in all 48 tries. Each year the host city enjoys the reward of a temporary boost to the local economy. Not only will New York City...
Views

New year ushers in 27 new rent stabilization codes

REW Staff
The DHCR recently adopted 27 amendments to the Rent Stabilization Code despite strenuous opposition from both owner and tenant representatives. Although the amendments are effective immediately, it is expected that DHCR will postpone implementation of many provisions until DHCR has a chance to prepare and promulgate new forms and instructions....
Property ManagersViews

Who’s in charge when ice is falling?

Adam Leitman Bailey
By Adam Leitman Bailey and John M. Desiderio, Adam Leitman Bailey, P.C. So far this winter, New York City has had two severe snow-falls, with accompanying frigid temperatures, and it appears that this weather pattern is likely to hold through the end of February. As a result, snow and ice...
Views

Boutique hotels reaching new heights

REW Staff
By Andrew Posil, Massey Knakal Realty Services While the national and New York metro lodging markets boast strong metrics, boutique hotels, as a subset, are outperforming their branded brethren. Despite the relatively new product’s outstanding performance, defining and classifying what constitutes a boutique hotel remains a challenge. Since Ian Shrager...
2014 bringing blue skies and calm seas for good captains
Debt & EquityViews

2014 bringing blue skies and calm seas for good captains

REW Staff
By  William Procida, president of Procida Funding & Advisors  As we predicted this time last year, “wholesome housing would lift the market“and it has, as it always does in every cycle. The sea’s and skies are definitely clear for experienced and disciplined captains.  Especially those in the New York tri-state...
Good news on insurance front as better weather drives down owner’s premiums
Views

Good news on insurance front as better weather drives down owner’s premiums

REW Staff
By Izzy Green, CEO, Evergreen Insurance Just like any other industry, the property insurance market works in a cycle: Prices rise; referred to as a hard market, and prices fall; referred to as a soft market. Unlike other industry though, the property insurance cycle is very hard to forecast due...
Views

Planning, research key to productive investment strategy

REW Staff
By Rachel Gilbert Solomon & Annu Chopra Principals, Atalanta Advisors In the current economic environment, real estate investment has risen to the fore in the minds of many investors as the safe-haven vehicle of choice. But planning and careful research, with a strict eye to objectives, is key to any...
Debt & EquityViews

As $1.4 Trillion comes due, what’s the outlook for refinancing?

REW Staff
By Susan Persin, senior director of research, Trepp As the 10-year anniversary of the previous market peak in commercial real estate approaches, lenders and investors are looking ahead to a wave of refinancing that could spell trouble for the market. An estimated $1.4 trillion in commercial mortgages will mature between...
New rules govering loft law
ResidentialViews

New rules govering loft law

REW Staff
By Lisa Gallaudet Belkin Burden Wenig & Goldman LLP The New York City Loft Board has disseminated “final” rules governing buildings subject to Article 7-C of the Multiple Dwelling Law (the Loft Law). These buildings are commonly known as IMDs, or interim multiple dwellings, due to the absence of a...