News:
Spotlight Content
Posted: February 22, 2010
Decade Answers: Laurence Ross
Laurence Ross is a managing principal at Highcap Group, New York, N.Y.
What are your predictions for commercial real estate in the new decade?
While there has definitely been an increase in activity as investors poke their head out of their sand, there is still more pain to be felt, almost a calm before the storm so to speak. That said, there are definitely some buying opportunities in the current market as multiples decrease and cap rates increase. Brokers need to drill down and continue to network in order to find those hidden gems. It is all about the financing as lenders continue to maintain a conservative position which will not change anytime in the near future. Going forward this should restore some stability back into the marketplace. The good thing is that we real estate people suffer from short-term memory.
Tags:
Spotlight Content
MORE FROM Spotlight Content
Over half of Long Island towns vote to exceed the tax cap - Here’s how owners can respond - by Brad and Sean Cronin
When New York permanently adopted the 2% property tax cap more than a decade ago, many owners hoped it would finally end the relentless climb in tax bills. But in the last couple of years, that “cap” has started to look more like a speed bump. Property owners are seeing taxes increase even when an
.png)
.jpg)
Columns and Thought Leadership
How much power does the NYC mayor really have over real estate policy? - by Ron Cohen
The mayor of New York City holds significant influence over real estate policy — but not absolute legislative power. Here’s how it breaks down:
Formal Legislative Role
• Limited direct lawmaking power: The NYC Council is the primary
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”.
Oldies but goodies: The value of long-term ownership in rent-stabilized assets - by Shallini Mehra
Active investors seeking rent-stabilized properties often gravitate toward buildings that have been held under long-term ownership — and for good reasons. These properties tend to be well-maintained, both physically and operationally, offering a level of stability
The strategy of co-op busting in commercial real estate - by Robert Khodadadian
In New York City’s competitive real estate market, particularly in prime neighborhoods like Midtown Manhattan, investors are constantly seeking new ways to unlock property value. One such strategy — often overlooked but
.gif)