Category : Views

Editorial SupplementsViews

What happened to the sanctity of contracts?

REW Staff
By  Thomas R. Newman Duane Morris LLP Freedom of contract is a strong and deeply rooted public policy of New York,[1] and it is bolstered by the law “regarding the sanctity of contracts [that] has been long established and rests upon ‘a solid foundation of reason and justice.’”[2] That law...
Designers stretching visions
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Designers stretching visions

REW Staff
By Faith Hope Consolo, chairman Retail Sales, Leasing and Marketing, Douglas Elliman From haute to not, retailers are thinking outside the box (or shopping bag?). Just look at some recent store announcements and openings: If there’s one theme in the last few weeks regarding New York City retail, it’s that our designers and major brands are not content with just appealing to their core shoppers. Major designers are opening or reviving more affordable lines, while our beloved fast fashion chains continue to pursue haute couture appeal. Roberto Cavalli has revived Just Cavalli, bringing the brand to 434 West Broadway. Joe Fresh’s latest outpost (462 Broadway), on the other hand, will have a heavy sampling of its runway collection. My friends at Alexis Bittar have debuted a fine jewelry line in all of its boutiques and resellers.
Surge in retail real estate sales predicted with Marketplace Fairness Act
RetailViews

Surge in retail real estate sales predicted with Marketplace Fairness Act

REW Staff
By Adelaide Polsinelli, senior director, Eastern Consolidated It’s official: E-commerce’s secret advantage may soon be over, giving way to what could be a wildly busy time for the retail real estate industry. Up until now, web-based retailers were not required to collect sales taxes on internet sales in states where...
What’s e-commerce doing to Greenwich Village stores?
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What’s e-commerce doing to Greenwich Village stores?

REW Staff
By Brendan Gotch, director of retail leasing, Massey Knakal E-commerce is quickly capturing a large share of the retail sales market across the United States. A recent report by Cassidy Turley shows that Internet usage has increased by 1.5 billion people in the last 10 years alone. This has translated...
How Government agencies can lease real estate economically
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How Government agencies can lease real estate economically

REW Staff
By Richard Podos, Lance Capital LLC  Government agencies need space to house their offices and accommodate all their people and operations. Making such space available involves financing, even when the space is leased. In some cases, these agencies may already own buildings that will accommodate all staff and operations. But...
In NYC retail, the parts are worth more than the whole
Debt & EquityRetailViews

In NYC retail, the parts are worth more than the whole

REW Staff
By Adelaide Polsinelli, senior director, Eastern Consolidated High street retail rents in New York City, particularly Manhattan, have been setting daily records for breaking through the stratosphere. And now, a ripple effect is happening in the retail condominium scene. It wasn’t long ago when owners valued their property by what they...
Momentum in medical office sector
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Momentum in medical office sector

REW Staff
By Michael Dubin, partner, Savitt Partners Thanks to a steady stream of healthcare consumers, the medical office sector has remained largely resilient in the face of economic headwinds. Indeed, people fall ill regardless of the health of the economy, and as a result, medical office has not seen the same...
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What’s the ‘special sauce’ that makes a top dealmaker?

REW Staff
By Aaron Y. Strauss, founder and partner, A.Y. Strauss Sometimes, a real estate lawyer will earn a coveted reputation in the real estate community as a “dealmaker”. The term is used by many, but rarely explained. What is the “special sauce” that makes some real estate lawyers become known as...
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Busy days at the U.S. Supreme court

REW Staff
By Michael M. Berger Partner, Manatt, Phelps & Phillips The United States Supreme Court recently devoted more attention to the 5th Amendment’s protection of private property rights than it has in decades, handing down decisions in three important cases. The first dealt with federal government liability for Corps of Engineers...
REITs lead in mainstreaming green building
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REITs lead in mainstreaming green building

REW Staff
By Susan Persin, managing director, Trepp Green building has become more widespread as people recognize that the positive financial implications of “going green” extend beyond environmental stewardship. During the recession, demand for green buildings stayed strong. Many large corporations have sustainability initiatives that lead them to favor green buildings. Additionally,...