Tags Archives: real estate finance

Taking a look at one of our major markets, the Westchester commercial real estate market continues to gain strength with various levels of activity across the multifamily, mixed-use, retail and office building sectors in the first quarter of this year. Read more

Today, a good location, well-maintained units, attractive common areas and the right amenities are no longer enough to keep occupancy rates high and the property value of an apartment building up. Instead, success in commercial real estate investing can often hinge on smart property management, which can ensure that a seemingly profitable investment doesn’t instead turn into a negative cash-flow mistake. Read more

Lead paint remediation in Massachusetts.  Soil contamination in Connecticut.  Asbestos in New York.   Environmental issues are a common occurrence throughout our pipeline of multifamily and mixed-use transactions.  Among all of the factors that investment real estate buyers and sellers need to be aware of, environmental concerns have become increasingly important since the 1980s after judicial decisions related to the liability of property owners to effect property site cleanup.  Environmental issues with land or buildings can greatly reduce their value, make them difficult to finance and, if a contaminated property is purchased, the buyer may be responsible for the cost of clean-up even if the buyer did not cause or contribute to the problem. Read more

With investor sentiment in commercial real estate on the rebound, the National Real Estate Investor Sentiment Index rose to another high in the first quarter of 2013 — up 3 points to 174.  This is an especially strong vote of confidence because the survey was conducted in late December and early January when we were all focused on the potential impact of the fiscal cliff on the U.S. economy. Read more

We are delighted to let you know that we won the CoStar Group’s prestigious “Power Broker Award™” in the Westchester/Southern Connecticut region for 2012!  This annual award recognizes the “best of the best” in commercial real estate brokerage by honoring the commercial real estate firms and brokers who closed the highest transaction volumes in commercial property sales in their respective markets.  It’s a great honor to receive this acknowledgement from the industry. Read more

We recently blogged about the use of IRS 1031 as a preferred strategy for active real estate investors that wish to defer their capital gains liability.  In its current form since 1986, a “1031 exchange” is a guideline for selling one qualified property and then buying another qualified property within a specific period of time.  While a “1031 exchange” enables investors to reinvest funds which otherwise would have been paid to the IRS, the specific timeline for compliance with IRS 1031 is often problematic.   It’s not often likely an investor can identify a suitable exchange property following the sale of an asset within the 45 days allowed by the IRS. Read more