Category : Views

Can the smart money outwit rising interest rates?
Debt & EquityViews

Can the smart money outwit rising interest rates?

REW Staff
by REW Staff809
By Mark Scott, president Commercial Mortgage Capital With the Federal Reserve’s continued indecision regarding the fate of bond-buying programs and the likelihood that interest rates will rise, smart money is going to great lengths to lock in long term rates. Last week, Federal Reserve chairman Ben Bernanke testified before the...
Editorial SupplementsViews

Art group gets ready to paint town red

REW Staff
by REW Staff664
chashama, a group founded by Anita Durst to support artists through creative space redistribution, will launch two new programs during a celebration gala next week. New York City’s artistic avant-garde will meet and mingle with real estate and corporate executives, and philanthropic leaders during the gala at Anita’s Way to...
Views

Preserving landlord’s claim for arrears against an estate

REW Staff
by REW Staff808
By Jordi Fernandez, Belkin, Burden, Wenig & Goldman LLP  On occasion, a tenant or shareholder dies owing arrears to the landlord.  When this occurs, a landlord can preserve its rights to be paid from the assets of the deceased tenant’s Estate.  Preserving this claim is commonly referred to as filing a...
Baseball arbitration brings risk to base rent negotiations
Views

Baseball arbitration brings risk to base rent negotiations

REW Staff
by REW Staff1737
By Scott Lippert, partner, Pashman Stein In the commercial lease context, it can be difficult to reach an agreement concerning the methodology for arriving at the amount of base rent for any extensions of the term.  There are several different approaches:  there can be a stated, fixed amount; an amount...
Change in federal law promotes condo hotel sales
Debt & EquityViews

Change in federal law promotes condo hotel sales

REW Staff
by REW Staff1539
By  Stuart Saft, partner, Holland & Knight As a result of a change in the federal securities laws contained in the federal Jumpstart Our Business Startups Act (the “JOBS Act”), the nationwide sale of Condo Hotel Units with (or without) rental pools as well as other real estate securities including...
Views

Getting it right from the very start

REW Staff
by REW Staff827
By Highlyann Krasnow, partner, MNS Take a look at what New York City new developments have sold well recently and what rental buildings have low vacancies. Compare these buildings to developments that are struggling to find buyers or rentals with slow leasing momentum. What are the differences between them? The best-performing buildings have well-thought layouts, sustainable finishes and amenities that help sell or rent the residence.  Truthfully, the success of a new development is pre-determined during the initial planning and designing stages.
Views

City Point questions deserve some answers

REW Staff
by REW Staff1064
Building & Construction Trades Council of New York president Gary LaBarbera this week claimed the 1.6 million square feet City Point development in downtown Brooklyn is failing New Yorkers. He said the project hasn’t created good jobs that strengthen local communities despite receiving bucket-loads of public subsidies. “Why aren’t city officials seeing to it that a taxpayer supported project of this size is producing the best results for a workforce reeling from years of economic distress?” said LaBarbera.
Views

Preparing for the next emergency

REW Staff
by REW Staff692
By Evan W. Lipstein, president Hyline Safety Company In the wake of super storm Hurricane Sandy many NYC residents are still struggling to get their properties up and running. The storm shut off the lights and flooded basements that were equipped with generators designed to offer redundancy to light the...
REBNY: Industry will restore what Mother Nature tore down
FeaturedViews

REBNY: Industry will restore what Mother Nature tore down

REW Staff
by REW Staff767
Hurricane Sandy was terribly devastating to our great city and the tri-state region. This destruction of homes and businesses and irreplaceable loss of life will be remembered for a long time. It has been reported that Hurricane Sandy will end up causing about $20 billion in property damages and $10 to $30 billion more in lost business. New Yorkers are strong, resilient and committed. Our city and the real estate industry will rebuild and restore what Mother Nature tore down.
Views

Lenders can foreclose on properties, even after losing the note

Adam Leitman Bailey
by Adam Leitman Bailey1901
By Adam Leitman Bailey, founding partner, and Jackie Halpern Weinstein, associate, Adam Leitman Bailey, P.C. Prominent real estate attorney Joseph Forte recently wrote about “… the prospect of refinancing nearly $1.8 trillion of existing U.S. commercial real estate debt in the next five years.” In order to complete this task...