Category : Views

Views

Factoring in all the changes that make Sunnyside better

REW Staff
by REW Staff708
By Swain Weiner, president, partner,Greiner-Maltz Investment Properties Sunnyside has spent most of its history in relative obscurity — viewed for years as just another mundane, middle-income Queens neighborhood. However, in the past decade Sunnyside has shed that stereotype. Today, it is better known as being a vibrant, bustling and highly sought-after area. There has been an influx of artists and professionals, a mushrooming of upmarket restaurants, and an expansion in desirable stores.
Views

Bad tenants can happen to good landlords

REW Staff
by REW Staff900
Q. Recently, the Mayor vetoed a bill proposed by the City Council to create greater transparency within HPD for the projects that they are financing. It is expected that the Council will override that veto. Do you think this is positive legislation for the housing industry? A.  This is a...
Editorial SupplementsViews

Navigating the risks of New York City real estate market

REW Staff
by REW Staff905
By Kevin Kerridge, Hiscox Small Business Insurance The real estate market in much of the country has seen a rollercoaster of ups and downs following the collapse of the housing bubble, due in part to unstable housing prices and financing issues. New York City, however, is a unique market that...
Editorial SupplementsViews

Real estate investing for the non-professional

REW Staff
by REW Staff853
Trophy office building sales tend to dominate the headlines. Rightfully so, as large sums of money are changing hands. These transactions usually trade from one institutional buyer to another and involve complex capital structures fueled by private equity funds and the CMBS market. Unless an individual invests in a REIT or a real estate centric private equity fund, he or she has little or no exposure to these transactions. Even if they do, they might not be achieving the diversification that they seek, as REITs often follow the stock market. In fact from 1978 to 2011, the correlation between REITs and small stocks was .75, whereas real estate owned was .08, according to UBS.
Views

REBNY celebrates city’s noteworthy retail deals

REW Staff
by REW Staff923
By Steven Spinola President Real Estate Board of New York. Deals that help the growth and prosperity of our economy were recently awarded with the Real Estate Board of New York’s coveted Retail Deal of the Year Awards. More than 200 people attended the annual cocktail party on June 12 at the 101 Club to hear the 2012 winners announced. Eleven top-notch real estate dealmakers submitted retail transactions for a chance to compete for the two most distinguished awards in the industry that highlight the most inventive and noteworthy New York City retail deals of the past year.
Editorial SupplementsViews

Courts thwart DHCR policy change on MCI applications

REW Staff
by REW Staff1034
By Phillip Billet Belkin, Burden, Wenig & Goldman LLP BBWG was recently successful in preventing the New York State Division of Housing and Community Renewal from altering one of its longstanding policies relating to the processing of major capital improvement rent increase applications; a change which would have made it...
Views

NYC, New Jersey retail assets in high demand among investors

REW Staff
by REW Staff781
By J.D. Parker and Michael J. Fasano, vice presidents Marcus & Millichap The U.S. retail investment sales market staged a strong performance last year as property sales rose 32 percent from 2010 to nearly $61 billion. Prices for power centers and neighborhood centers increased 9.1 and 7.2 percent, to $148...
Views

City enacts green zoning provisions

REW Staff
by REW Staff729
By Robert Cook, Anderson Kill & Olick, P.C. On Monday, the New York City Council passed “Zone Green,” a series of amendments to the New York City Zoning Resolution which are intended to remove zoning impediments to the implementation of measures that will make buildings more environmentally friendly. These amendments...
Can real estate developers still make a profit?
ResidentialViews

Can real estate developers still make a profit?

REW Staff
by REW Staff1219
By Alexander D. Tuttle, Esq. partner, LePatner & Associates Today’s real estate landscape is a minefield. Lending is scarce and conditioned with onerous terms against borrowers. Cash is reserved on the sidelines for only the sweetest of deals. Investors who have, in the past, demanded home runs, now must be...
A walk around the neighborhood with mom and pop
Views

A walk around the neighborhood with mom and pop

REW Staff
by REW Staff629
Q. I see that the proposed legislation to limit the size and type of retails stores on the Upper Westside is being proposed in other community board districts. Do you believe that this legislation will pass and, if so, how widespread to you think it will be? A. I wrote...