News:
Spotlight Content
Posted: December 27, 2022
2022 Year in Review: Gary Meltzer, Meltzer, Lippe, Goldstein & Breitstone, LLP
Partner and Chair, R.E. Practice Group
Meltzer, Lippe, Goldstein & Breitstone, LLP
What was your greatest professional accomplishment or most notable project, deal, or transaction in 2022? Representing Taconic Partners in the $70 million acquisition/financing transaction of the full block from 309 E 94th St. to 324 E 95th St., Manhattan, for future development of a state-of-the-art life science facility. Securing critical predevelopment capital allows our client to execute plans for this prime Upper East Side location.
What emerging trends will drive investment and development in 2023? Buyers should focus on preserving as much cash as possible. With high interest rates, prices will decrease with very attractive opportunities to purchase properties. Lenders will require buyers/borrowers to put more cash into deals and have less debt, as higher interest rates will make debt more costly.
Tags:
Spotlight Content
MORE FROM Spotlight Content
NYREJ's 2026 Women in Commercial Real Estate Participation Options
The New York Real Estate Journal is pleased to present Women in Commercial Real EstateOverview
This annual feature will celebrate the exceptional women and woman-owned firms making a significant impact across the New York commercial real estate industry.
.png)
Quick Hits
Columns and Thought Leadership
2026 Developing Queens: Long Island Board of Realtors advances commercial growth and advocacy in Queens
The Long Island Board of Realtors (LIBOR) Commercial Network continues to play a key role in advancing opportunities and strengthening the commercial real estate landscape across Queens. Through targeted programming and global outreach
Properly serving a lien law Section 59 Demand - by Bret McCabe
Many attorneys operating within the construction space are familiar with the provisions of New York Lien Law, which allow for the discharge of a Mechanic’s Lien in the event the lienor does not commence an action to enforce following the service of a “Section 59 Demand”.
CRE Guide Featured Company: Merritt Environmental Consulting Corp.
Merritt Environmental Consulting Corp. (MECC) was established in June of 2009 after being part of a larger engineering firm for almost 20 years. The focus of the company is to assist lending institutions, attorneys, real estate investors, and property owners with environmental concerns. Today, MECC has offices in New York, Florida, and Vermont and has grown into a regional consulting firm serving clients along the East Coast.
From vacancy to vitality: How adaptive reuse is reshaping Long Island’s CRE landscape - by Andrea Tsoukalas Curto
Adaptive reuse has become one of the most important conversations in commercial real estate today. Long Island has a large inventory of aging retail, office and industrial
