The state of the commercial mortgage market - by Michael Zysman

The debt capital markets for commercial real estate are healthy, with the caveat that rates are much higher than they were in months prior. As of February 15, 2023 the 10 year treasury is 3.8% vs 2.0% a year ago or a 90% increase, the 5 year treasury is 4.04% vs 1.90% a

New short-term rental registration law does little to protect landlords - by Michael Capozzi

Local Law 18, also known as the Short-Term Rental Registration Law, which was adopted by the New York City Legislature in January 2022, went into effect January 9, 2023. The law requires short-term rental hosts to register with the mayor’s Office of Special Enforcement

Setting up your employees and business for true success starts with location - choose Broome County - by Stacey Duncan

Three years ago, the Greater Binghamton Chamber of Commerce and the Broome County Industrial Development Agency & Local Development Corp. (The Agency) formed a strategic partnership to promote the economic success of Broome County while simultaneously confronting the

An experienced architect or interior designer will get your condominium or co-op renovation completed - by C. Jaye Berger

When most people think about renovating their co-op or condominium apartment, they focus on what it is going to cost and who is going to do the design work. Obviously, those are essential issues, but there is a lot more to the process. A good architect or interior designer

The real estate industry in Queens, NY today: An overview - by William Gati

Queens, N.Y. is one of the five boroughs of New York City and is the largest of all the boroughs by area. It is home to over 2.4 million people, making it one of the most populated counties in the United States. The real estate industry in Queens has grown significantly over

New York state energy policy: Cart before the horse? - by John Rynne

I’ve always been fascinated with energy sources that were non fossil fuels. I grew up less than 14 miles from the hydro electric power plants in and near Niagara Falls. When I was young boy I thought that there must be a way to harness the sun’s energy. I

The value of single tenant net lease in an inflationary environment - by Michael Packman

Despite rising interest rates and an inflationary environment, the U.S. economy continues to defy expectations. Consumer spending is fueling GDP growth, and jobless rates, while still climbing, are by historical standards low and reflective of a labor

Any increase to assessed values to commercial properties will hamper the likelihood of securing new or better tenants - by Peter Blond

The New York City Department of Finance published the 2023/24 real estate tax assessment roll on January 17th. Per the city’s press release, the aggregate taxable assessed value of all properties increased by a relatively modest 4.4%. Considering the

New York Real Estate Journal's
February 2023 Contributing Authors Spotlight

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January 2023 Commercial Real Estate Guide, Legal Services: Schroder & Strom

Founded in 2000, Schroder & Strom has built an unparalleled reputation and a team of 11 attorneys with well over 150 years of combined expertise in the area of real estate tax law.