Blog

As we all know, the Housing Stability and Tenant Protection Act (HSTPA) of 2019 placed a limit on how much security deposit a landlord in NY can collect from a tenant (the equivalent of...

A luxury residential building in the financial district with more than 750 apartments has been experiencing lengthy elevator outages since the fall. By Karen Zraick and Ashley Wong at The New York Times    When it was completed in...

BY: Brian Pascus at Crain’s New York Business  Mayor Eric Adams has big plans to revitalize New York’s central business districts as the city emerges from Covid-19. The mayor’s blueprint includes expanded promotional campaigns,...

By: Daniel Colombini and Vinod Palal at Crain’s New York Business Daniel Colombini and Vinod Palal are principals at New York City-based consulting engineering firm Goldman Copeland.     The use of electric vehicles in the United States is...

Harry Macklowe Reimagines a Downtown Manhattan Office Tower Macklowe Properties’ conversion of the landmarked One Wall Street into 566 condos represents the largest such conversion in NYC history BY TOM ACITELLI at Commercial Observer ...

2020 was, of course, a historic downturn for New York City, but as that year came to an end, activity and transaction volume began to increase once again. This uptick in activity has continued through...

Vacant retail spaces across the city are being turned into makeshift warehouses by app-based grocery delivery companies — in potential violation of zoning rules, according to City Council members looking to crack down on the...

WHAT IS IRC SECTION 1031? Section 1031 of the Internal Revenue Code (IRC) allows a taxpayer who owns investment or commercial property to exchange a relinquished property and defer paying capital gains taxes.  If...

By Christian D. Curtis Back in June 2021, after fielding many calls from concerned clients, I hosted a Webinar regarding President Biden’s bold tax change proposals. These proposals would have made some profound changes...

In October 2021, the Federal National Mortgage Association was the first to announce updates to its guidelines and criteria changes for Condo and Co-op Projects.  These changes came in the wake of the tragic...