Spotlights

Carlton closes on $350 million financing for the construction of Trump Soho Hotel

According to Carlton Advisory Services' chairman Howard Michaels and John Bralower, president of Carlton Hospitality Group, Carlton has succ...

Aragon Construction renovates 50,000 s/f for Dentsu America at 32 Avenue of the Americas

Dentsu America, Inc., the North American Flagship of the largest advertising agency brand in the world, has relocated from midtown Manhattan...

The facts of Long Island commercial real estate reveal only one undeniable conclusion

Is commercial real estate on Long Island still a good investment? Ask any average home owner and they will know that the residential market ...

New York City water rates are through the roof! Rate increases, discontinuance of flat rate billing

Each year the New York City Water Board approves their annual rate schedule which, among other provisions, sets the new rates for water and ...

Cost segregation studies hold the key to year-end tax savings: Do not miss this boat!

You recently purchased, constructed or inherited a property and now it's time to allocate the purchase price, cost or inherited basis betwee...

The owner's representative: A justified expense for your next project? A look at the qualifications

In my years as a construction professional I have worked in many positions, wearing many different hats, but none as challenging as that of ...

When is there an agreement to build: The principles involved during contract formation

In an action arising out of the construction of a hangar for Jet Blue at Kennedy Airport, a divided New York intermediate appellate court fo...

Engineered Building Inspections, P.C. starts the waterproofing process at Sunnyside Garden Apartments

When Engineered Building Inspections, P.C. (EBI) was called to Phipps Properties in Sunnyside, for Sunnyside Garden Apartments, they were fa...

Auction program addresses "perfect storm of events" driving increase of REO in lenders' portfolios

Wall St. investment banking firms, banks and mortgage companies throughout the U.S. and in the N.Y. metropolitan area are seeing the level o...

The subprime market and cap rates: Why did this happen and what overall effect will it have?

The recent subprime crisis has certainly made the headlines in recent weeks. Delinquencies /foreclosures are up and even some large mortgage...