If a real estate broker informs you of a potential "hidden gem" that has "great potential" it is natural to be skeptical. After all, what may be a gem in one broker's eyes may simply be junk in another's. Moving past speculation to reasonable projections may not be...
PROVEN LEGAL COUNSEL
For Estate Planning, Estate Administration And Disputes
Commercial Real Estate
The number of Manhattan commercial leases expected to increase
The more things change, the more they stay the same. This popular adage accurately describes the commercial real estate market in Manhattan. Traditionally know as the commercial “high rent district” for decades, midtown saw a majority of the highest commercial real...
The emerging trend in medical office buildings
With our population aging, demand for quality health care will not be abated anytime soon. This ostensibly is why more health care mergers will be seen in 2018. Another expectation on the horizon is a continued focus on providing medical office space near residential ...
Legoland theme park coming to New York
The world of Lego has expanded beyond retail shops and has expanded into movies and theme park resorts. The popularity of the parks in California and Florida ostensibly led to a third park to be set in Orange County, New York. “LEGOLAND New York” will eventually...
Rooftop venues becoming more popular with developers
The old adage, “you get what you pay for” may be a cliché when it comes to real estate; but in a growing trend among commercial real estate developments in New York City, investors and developers alike are taking consumer experiences into account....
Is there a Darwinian effect in commercial real estate?
In a number of our posts we have highlighted the steady erosion of brick and mortar retailers as some succumb to the growing popularity of online shopping. To some, this may signal the beginning of the end of commercial real estate, but to others, it is simply an...
The continuing evolution of retail centers
In our last post, we highlighted how retailers are trying to find additional ways to reach consumers given the proliferation of online shopping sites. Indeed, traditional brick and mortar retailers must adjust in a new marketplace, which means that developers and real...
Is mobile real estate the next big thing in retail?
The commercial real estate industry is indeed in a precarious position. The rise of online shopping has essentially stunted growth in this industry, especially with retail outlets. But with every industry disruption, there may be new opportunities for growth. While...
What’s causing the CRE slowdown?
When the main fundamental underpinnings of a successful commercial real estate market are flourishing (low unemployment, steady wage growth) you would expect that growth in the market would increase as well. However, according to a recent globest.com report,...
The importance of refinancing commercial properties
Making a real estate transaction work on a long term basis involves choosing the right property, making timely renovations and ensuring that financing works in order to make money on the right investment. This means that timely refinancing packages can be just as...