The current economic climate marked by rising interest rates, bank failures and consequential stricter lending standards, is putting a damper on economic activity. Economic downturns have a direct correlation with debt servicing. This article takes a bird’s-eye view
It’s no secret that the commercial real estate industry has faced hurdles over the past 24 months, and I’m frequently asked how I’ve been able to work through current hardships given the uncertainty surrounding future demand and occupancy rates. I feel
Real estate investors have been waiting for the Fed to start easing rates. Data shows that most commercial real estate transactions closing right now are mostly comprised of distressed sales. Reasons for this include loan maturities, tenants not renewing their
At the beginning of the year, I forecasted the trend of the 10 year treasuries and cap rates will continue to slowly move downward throughout the first three quarters of 2024. As you know, 10 year treasuries are one of the primary baselines for mortgage rates. Mortgage
I lead a wonderful walking tour of this crown jewel of modern architecture. The TWA Flight Center, designed by Eero Saarinen, is an exemplary piece of modernist architecture, reflecting the optimism and
Upstate communities have long fought against an unfair and outdated narrative that our regions aren’t business friendly. The economic development community is working hard to change this narrative. We’re highlighting our unsurpassed quality of life,
The most popular question this spring from every type of property owner is “what will my real estate taxes be after this big lawsuit?!” While suddenly in the news again the TENNY (Tax Equity Now NY) lawsuit commenced so very long ago, a possible conclusion
Islandia, NY Forte Construction Corp., a leading general contracting firm involved in significant transit and public works projects throughout downstate N.Y., has completed its new headquarters. After 45 years operating out of an 8,000 s/f facility in Holbrook, Forte,
Hauppauge, NY The Suffolk County Industrial Development Agency (SCIDA) is the lead agency attracting new investment in Suffolk County and driving the region’s innovation, economy, and job expansion. The mission of the Suffolk
Huntington, NY The planning and designing of Huntington Shopping Center was developed with the gained knowledge that with the ever-increasing competition from online shopping, retailers must rely on experiential design and
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