For commercial real estate investors, 2023 saw uncertainty between rising interest rates, worries of a deep recession as well as proposals from Washington D.C. to limit 1031 exchanges (again). These uncertainties have left investors that do not have to transact on the sidelines.
On January 1, 2024, the Corporate Transparency Act (CTA) went into effect. The CTA requires businesses, including real estate businesses, to file a Beneficial Ownership Information (BOI) Reports with the US Department of Treasury’s Financial Crimes Enforcement Network
The rate of inflation has been decreasing significantly over the past year in part due to the actions of the Federal Reserve which has reduced rates. Ten year treasuries at the end of the fourth quarter in 2023 were 79 basis points lower than at the end of the third quarter.
The Trestle Community restoration project represents a transformative vision for the Bessemer and Babbage St. corridor, stretching from 84th
Ave. to Hillside Ave. This 12-block endeavor is not merely an urban renewal effort but a comprehensive initiative to infuse
Exciting things are happening in Greater Binghamton. Last year, we received our second $10 million Downtown Revitalization Initiative award for the Village of Johnson City, opened the majestic Victory Lofts, and were one of only 31 Tech Hub designees in the nation. Through the
Another year has passed, and New York City has released another real estate tax assessment roll. For most taxpayers, it was an uneventful year-over-year change to the assessed value of their property. As I indicated in my article several months ago, the city possessed sufficient
Check out NYREJ's Semi-Annual Commercial Real Estate Guide!
We are now accepting nominations for the 2024 Ones to Watch RISING STARS Spotlight. Scheduled to publish in the February 27th New York Real Estate Journal this spotlight is a fantastic opportunity to recognize and celebrate the accomplishments of individuals who are excelling in their current position.What was your greatest professional accomplishment or most notable project, deal, or transaction in 2023?
Aside from obtaining large tax assessment reductions for commercial property owners, I predicted in the pre-season that Aaron Rodgers would be injured by the third gameWhat was your greatest professional accomplishment or most notable project, deal, or transaction in 2023?
At St. John’s University’s St. Vincent Health Sciences Center, I’m proud of how our team embraced tech during preconstruction. We 3D modeled