Category: Thought Leadership

Last month, a 26-story office tower in Manhattan’s Financial District closed for $105 million. The building had traded nearly a decade earlier for $225 million, after which the sellers poured another $70 million into gut

One of New York’s biggest development opportunities in 2026 is the creation of the first of potentially thousands of new housing units in the Special Midtown South Mixed Use District in Manhattan,

As I write this message, we are preparing for the first meeting of the Board of Governors of the New York State Commercial Association of REALTORS which will take place on February 10, 2026 at the Crowne Plaza/Desmond Hotel in Albany, New York. I look forward to a productive meeting to kick off 2026!

New York’s housing affordability crisis is typically framed around zoning battles, high interest rates, and rising labor and material costs. For developers and owners, however, a quieter force is reshaping project economics: the cost of liability insurance on New York construction sites.

To properly compare these factors and their results, a discounted cash flow analysis should be prepared. This cash flow analysis will show the inflows and the outflows

We are all aware of the newest revolution in computing known as artificial intelligence or AI. We have heard stories of the virtually unlimited potential this computing revolution may bring to mankind,

As I assume the role of chair of BOMA New York this January, I am honored to lead an organization that has been instrumental in shaping my own career, as well as the careers of countless commercial real estate professionals across New York. My journey through this industry — from Texas to Florida, Georgia, and ultimately New York

For the past several years, the New York City multifamily housing market has been defined by disruption. The combined impact of the HSTPA rent laws and a sharply higher interest rate environment has fundamentally reduced

Real property tax assessment litigation in New York State [tax appeal, tax certiorari] is a nuanced and complex process that must comport with the requirements of state statute, court rules and case law precedent. Consequently, the state legislature took pity on home owners by creating a residential tax appeal forum known as Small Claims Assessment Review

Legislatures and regulators continued to pass laws affecting New York’s commercial real estate industry and New York courts continue to issue decisions interpreting agreements. Here are a few highlights:

As 2026 begins, U.S. construction pricing remains defined by persistence rather than resolution. Tariffs, labor shortages, elevated interest rates, and reconfigured supply chains continue to exert upward pressure on costs, even as near-term escalation has moderated from earlier expectations.

Merritt Environmental Consulting Corp. (MECC) was established in June of 2009 after being part of a larger engineering firm for almost 20 years. The focus of the company is to assist lending institutions, attorneys, real estate investors, and property owners with environmental concerns. Today, MECC has offices in New York, Florida, and Vermont and has grown into a regional consulting firm serving clients along the East Coast.