Spotlights

2023 Year in Review: Timothy Shea, Jr., Certilman Balin Adler & Hyman, LLP

What person, project, transaction, or market trend had the greatest impact on your industry this year? The most significant market trend for our industry has been the warehouse boom.

A pause in interest rate hikes
- by Michael Packman

On October 19th, Fed chair Jerome Powell suggested that the Fed would not raise interest rates at their next meeting and reminded us that there has not been an increase since the July meeting. The goal of the Fed continues

Madison Ave. sees leasing activity in 2023 as never before It comes out “new and improved” after COVID - by Joseph Aquino

The biggest news as of this quarter is Dolce & Gabbana leased 695 Madison Ave. which was the former Hermes store at the Northeast corner of Madison and 62nd St. which houses 23,000 s/f. Hermes left last year to expand to

Appraisers are under the radar - by John Rynne

As I’m writing this article, the Trump Organization civil case is in the midst of being tried in New York State Supreme Court in Manhattan. Much of the discussion happens to be about over valuation or under valuation of

Distressed real estate - distressed debt - by Sandy Klein

Uncertainty and concerns about the New York commercial real estate market abound. Office vacancy rates are at close-to if not at all-time highs. The pandemic-induced work-from-home mode has become the new reality and interest rates have seen a steep surge to levels not seen in many years. Each of these situations alone is a challenge but together

New York City proposes bold housing initiatives: A closer look at the “City of Yes for Housing Opportunities” plan - by William Gati

In a groundbreaking move, the New York City Department of City Planning has unveiled a comprehensive plan titled “City of Yes for Housing Opportunity.” This ambitious document proposes significant amendments to the

Designing development parks of the future today - by Stacey Duncan

For far too long “industrial” parks have unfairly held a bad reputation. When people traditionally think about business parks, more often than not, they are viewed less as assets of a community and rather more as eyesores

Current developments in the commercial real estate structured finance market - by Michael Zysman

Currently, the commercial real estate structured finance market is finding its footing. This is primarily due to the increase in interest rates, pull back of bank financing, and Federal bank policy. Much of the real estate financing

The potential for assessment increases on a scale not seen for many years is undeniably in the cards - by Peter Blond

Fall is in the air, but I suspect there could be a deep arctic chill in mid-January when 2024/25 New York City real estate tax assessments are released. A tax assessment storm of sorts is coming together to potentially wreak havoc on

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Contributing Author's Spotlight!

Check out NYREJ's Contributing Author's Spotlight!   ...