News:
Spotlight Content
Posted: November 24, 2014
Nicholson of SBLM: Anticipates a productive event
Name: David Nicholson, AIA, LEED AP O&M
Title: Principal
Company/Firm: SBLM Architects
Year Founded: 1993 (Predecessor firms, 1963)
Years in real estate industry: 31
Telephone: 212-995-5600
Email: [email protected]
URL: www.sblm.com
Twitter: @SBLMArchitects
Facebook: www.facebook.com/sblmarchitects
Real Estate Associations/Affiliations: American Institute of Architects (AIA), Leadership in Energy and Environmental Design Accredited Professional Operations and Maintenance (LEED AP O&M), National Council of Architectural Registration Boards (NCARB)
What are your expectations for the ICSC NY conference this year?
We hope to fortify existing relationships, and introduce ourselves to potential new clients as well. I anticipate a very well-attended and productive event this year, building on last year's success.
Are investors finding the types of properties that they want right now? Are tenants happy with the sites available to them?
The competition for good sites is fierce, and prices are driving some investors away. Our tenant clients are still finding good deals in existing spaces.
In the current economic climate, what kinds of deals are out there and who is the typical buyer? Consumer?
The deals we see are both complicated and subject to intense negotiations, as last year. Deals are taking more time and effort. Quite a few are the repositioning of older properties to meet the demands of the current market place, and some require substantial reinvestment.
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)
Quick Hits
.jpg)
Columns and Thought Leadership
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
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”.
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)