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Fordham University finances $145.2 million through DASNY
March 24, 2020
Bronx, NY According to Reuben McDaniel, III, acting president and CEO of the Dormitory Authority of the State of New York (DASNY), Fordham University has issued $145.2 million in tax-exempt bonds through DASNY. Bond proceeds will go toward
RXR Realty leases 73,000 s/f to INTL FCStone at 230 Park Ave.; JLL acts for tenant
March 24, 2020
Manhattan, NY RXR Realty, an owner, operator, and developer, completed a long-term lease with financial services company, INTL FCStone Inc. at 230 Park Ave. Jordan Berger represented RXR in-house in the lease, along with
Special Report from Marcus & Millichap: Balancing portfolios in a transitioning market - by John Cha...
March 19, 2020
As the new coronavirus (COVID-19) broke free from China, the prospects of increased economic risks drove Wall Street into a flight to safety. Over the course of the following three weeks, the S&P 500 index fell 30 percent and pushed the 10-year Treasury to a record low, briefly
Pyramid Management Group closes interior portions of NYS shopping centers
March 18, 2020
Syracuse, NY Effective as of 8:00 p.m. on Thursday, March 19, 2020 and in accordance with the Order of New York governor Andrew Cuomo, Pyramid Management Group has instructed its employees to close all interior portions of its New York shopping centers and expects all tenants to
Short-term rentals are big competition for hotels, upstart industry reaching limits of urban expansi...
March 24, 2020
Short-term rentals are now big competition for hotels, but the upstart industry is reaching the limits of urban expansion. At 16.8%, New York City is among markets with highest penetration of short-term rentals.
The “Dark Store” dilemma – When assessors disregard fee simple valuation - by Erin O’Brien
March 24, 2020
Presently pending before the New York State Senate is Bill Number A04752, or, “An act to amend the real property tax law, in relation to requiring assessors using the comparable sales, income capitalization or cost method for
Sustainability: What’s trending and the environmental benefits of renting furniture - by Ron Lanz...
March 24, 2020
To all my loyal followers and readers who have become accustomed to my articles about “What to Rent and Look Who’s Renting What,” I’ll focus this article on sustainability.
How can landlords provide the amenities when rent regulations financially restrict them? - by Jordan...
March 24, 2020
There’s a clear paradox between the increasing tenant demand for more amenities within residential buildings, and New York’s recently-passed Housing Stability & Tenant Protection Act of 2019. How can landlords provide the
Product of the Month: InstaClosing, a Manhattan-based proptech startup launches e-closing services i...
March 26, 2020
Manhattan, NY InstaClosing, a locally-based proptech startup has launched its online closing platform making it the first company offering digital closings in New York State, and the first online platform in the
Potential implications of proposed mezzanine tax: Consequences for lenders and developers - by Rache...
March 24, 2020
As the real estate industry continues to grapple with the effects of rent reform, new legislation was introduced last month to the New York State Legislature that stands to create further confusion and unintentionally
New façade rules took effect February 20th in NYC - by Chris Krepcio
March 24, 2020
As of February 20, 2020, the newly amended rule governing exterior wall inspections and repairs has officially been put into effect. These new rules will have quite a large impact on building owners across New York City, including more stringent rules,
Why I’m investing significantly in the future of flexible office space - by Jonathan Wasserstrum
March 24, 2020
In the second half of 2019, if you went purely by the headlines you came across, you’d have thought that there was a crisis taking place in the world of coworking. Although there’s definitely been an increase in
Upholding your shopping centers’ value in 2020 and beyond - by Richard Birdoff
March 24, 2020
It’s no secret that e-commerce has grown exponentially and continues to have an impact on the retail industry, as seen by store closings and liquidations. Due to the added value e-commerce is offering shoppers, it’s likely that
Building owners: Preserve your building’s reputation by being proactive - by Bud Hammer
March 24, 2020
When someone is not comfortable in a commercial building, whether they are too hot or too cold, they will make their frustration known. No one ever says, “I am so comfortable today!” If occupants are wearing their
Minimizing the penalties of Local Law 97-2019 with big data and simple solutions - by Ed Bosco
March 24, 2020
Local Law 97-2019 was passed by the New York City Council in 2019 to establish a plan for the reduction of greenhouse gases related to the operation of buildings identified in the law. Prior to Local Law 97, the only legally enforceable
A blueprint for economic investment in Broome County - by Stacey Duncan
March 24, 2020
Our recently published Annual Economic Outlook Guide projects the growth and expansion of business in Broome County, with nearly half of the business leaders predicting increased sales revenues and hiring. This optimism is
Total assets of business vs. real estate value trends - by John Rynne
March 24, 2020
Over my years in the appraisal field, one of the areas of confusion between appraisers and their clients are property types that have businesses highly connected to the real estate. There is a trend by clients to not necessarily want
Ginsburg Development Co. reinvents 50 Main St.: Unveils new lobby mezzanine amenity level
March 24, 2020
White Plains, NY Ginsburg Development Cos. principal Martin Ginsburg celebrated the grand opening of the first phase of his reinvention of the 50 Main St. office building that stands at the gateway entrance to the city.
Francis Cauffman Architects selected to conduct Hoboken Feasibility Study
March 24, 2020
New York, NY According to Francis Cauffman Architects (FCA), they have been selected by the city of Hoboken, the Hoboken Public Library, Stevens Institute of Technology, and Propelify LLC to lead an innovation
Triton Construction launches Triton Interiors
March 24, 2020
New York, NY Triton Construction has launched Triton Interiors, a new division specializing in diversified interiors construction. Mark Cherchio will lead the new division as they break into the interior construction