The first weekend of President Trump’s administration was not without controversy. Indeed, Americans celebrated their democracy and the peaceful transition from Barack Obama to Donald Trump on Friday. Less than a day later, hundreds of thousands descended on Washington, D.C. to protest and give voice to the frustrations and fears that had been brewing since Trump was elected last November.
The principal question as to whether an investor takes on a real estate project is whether the project makes financial sense. To do so, critical decisions must be made regarding the costs to renovate a property (or to build on an existing site) what type of revenue streams are expected, and what types of retailers will make the project work over time.
Starting a business in a foreign country can be a profitable venture for a variety of reasons, but it can also be a complicated process. One of the most important steps investors need to take is to decide what type of business structure they want to pursue. This can greatly affect the investor's finances or business success. There are multiple common structures to choose, but they each have advantages and disadvantages.
We begin our latest post with the hopes that all of our readers had a wonderful holiday season. Most people began 2017 by making resolutions. However, few may make promises to create (or update) their estate plan. Invariably some of our loved ones live abroad, so this post will focus on foreign wills and whether they can be enforceable under New York state law.
For most people, the 2017 real estate market will begin with a mark of optimism. For others, it begins an era of uncertainty given the recent interest rate hike by the Fed. For the luxury apartment market in Manhattan, the proverbial “honeymoon” is likely over.