Articles in the Opinion Category
Finance & Accounting, Opinion »
By William Procida, president, Procida Funding & Advisors
I’m driving down the highway in a Ferrari and I just got passed by a minivan doing 100 mph. In the minivan’s driver’s seat was a local banker, in the passenger seat, the Federal Reserve, and in the back, eating Happy Meals and playing with video games, is the American tax payer completely unaware they just blew past me. In my rear view mirror, there’s another minivan trying to pass me.
Yes, it’s happening again. I can’t believe it. Banks are now offering land acquisition financing …
Finance & Accounting, Opinion »
By Haresh Patel, CEO
The solar sector has evolved over the last few years with increased interest from institutional investors to allocate capital to the sector.
As investment sectors develop in the capital markets, investors look for standardization, transparency and liquidity to allocate capital to the sector. A key to reducing capital friction and increased allocation of capital in the sector is to develop operational excellence and streamlined investment processes supported by robust analytical platforms.
Credit scoring, risk analysis and workflow management systems allow for a replicable process for credit assessment, data harmonization, …
By Howard E. Schreiber, partner and co-head of
Global Real Estate Practice, and Trevor Ives, counsel
Hunton & Williams LLP
A sale leaseback transaction occurs when a company sells real estate that it currently owns to a third-party and simultaneously enters into a lease to continue to occupy the property.
This is a finance-driven transaction that can have many benefits for the seller, including improving the cash flow of the seller and allowing it to redeploy capital back into other areas of the seller’s business.
It may also allow the seller to improve its …
By Faith Hope Consolo, chairman
Retail Sales, Leasing, Douglas Elliman
Black Friday? What Black Friday? The holiday selling season is more like Black November these days.
With Thanksgiving just days away, kicking off the official holiday shopping season, we’re looking at a very different retail landscape from just a few years ago. The most recent news, that Amazon.com and the U.S. Postal Service will be testing Sunday deliveries here in New York and in Los Angeles is a sign of how time-pressed we all are, and how critical e-tailing is becoming to taking …
By Jeffrey Roseman, EVP and principal
Newmark Grubb Knight Frank Retail
As another year comes to a close, I thought this would be a good time to recap some of the better stories and trending items in the world of NYC Retail.
Madison Avenue, New York City’s only true luxury street and quite possibly the most famous luxury street in the world, has seen a rebirth of epic proportions.
It was only a few years ago that Madison Avenue was the poster child for a world gone crazy.
The financial markets were out of control, …
Deals & Dealmakers, Opinion, Retail »
By Adelaide Polsinelli, senior director, Eastern Consolidated
Move aside, multifamily. In the ever-changing world of commercial real estate, retail condominiums are taking their rightful place on the list of real estate asset classes.
As the urban equivalent to the suburban strip center and the popular single-tenant, net-leased asset, retail condominiums are the perfect solution for investors who want to get into real estate without the headaches of building issues or intense management.
For newcomers to the arena, retail condominiums are the retail portion, usually the ground floor and sometimes basement, of a property that …
By Corina Streekmann
Belkin Burden Wenig & Goldman LLP
The Rent Regulation Reform Act of 1997 (RRRA) modified the class of individuals eligible for succession and eliminated nieces, nephews, aunts and uncles from among those relatives which qualify as “family members” for succession claims to rent regulated tenancies.
In a recent case, the owner brought a holdover proceeding against the niece of the tenant of record who died in 2010. The niece’s main defense was that because she notified the owner in 1992 that her uncle was moving, she was entitled to succession …
By Sarah Orlinsky-Maitland, NYRS®,
Associate Real Estate Broker, Brown Harris Stevens
When it comes to hiring a residential real estate agent in New York City, savvy sellers tend to do a tremendous amount of research, as they should. Ultimately they make decisions based on an agent’s reputation, talent, market knowledge and more. In a complex city with more than 10,000 licensed residential sales agents, finding the right one is critical. Recently a seller got in touch with me to discuss listing her 17 Warren Street apartment. When I asked how she had …
By Daniel A. Castellano, CPA
Castellano, Korenberg & Co.
As the end of the 2013 tax year approaches, tax planning is more important than in recent times for families earning $450,000 or more, as tax rates have substantially increased during this year.
The top federal tax bracket has been increased from 35% to 39.6%, capital gains rates have increased from 15% to 20%, and a new 3.8% Medicare surtax on investment income has been enacted.
To the best extent possible, defer income into the next year and accelerate expenses into the current year.
By Susan Persin
Senior director of research
The REIT IPO window opened back up in October, as four REITs completed IPOs.
These four REITs represent one-fourth of the total 16 companies that have gone public so far in October.
To date, 18 REITs have gone public during 2013, which marks the year as a particularly strong one for REIT IPO activity.
It is the greatest number of IPOs since 2004, when 29 REITs went public. 2013 ranks fifth so far in the modern REIT era for IPO activity.