When owners are due for a significant Property Improvement Plan (PIP), they must carefully evaluate what the best course of action is. Over the past five years, major hotel brands have become significantly more flexible with their PIP schedules.
Articles
New York City’s proposed hotel licensing bill, Int. No. 991, is igniting alarm among the city's hospitality sector, particularly small and independent operators.
Traditionally, when an owner of a property decided it was time to hire a broker, standard practice was to research companies that are located within reasonable proximity to the subject property.
In 2023, the North Manhattan multifamily real estate market continued to face significant challenges, primarily driven by the lingering effects of HSTPA and higher interest rates. These factors spurred caution among property investors, leading many to adopt a wait-and-see approach.
By Magal Gabay, Investment Sales Associate As a resident of McGuinness Boulevard and being a new father, I get to walk around the neighborhood quite often. During the past few months, anyone who walks in Greenpoint couldn’t miss the signs supporting and opposing the new plan to redesign McGuinness Blvd. The new plan offers that from Calyer Street to the Pulaski Bridge there will still be two lanes...
Local Law 97 is one of the most ambitious plans for reducing emissions in the nation. Local Law 97 was included in the Climate Mobilization Act, passed by the City Council in April 2019 as part of then mayor De Blasio’s NYC Green New Deal.
New York City’s hotel industry contends with a unique quandary in its post-pandemic resurgence. Over 140 city hotels are doubling as migrant accommodations, especially in the certain neighborhoods in the boroughs. This is limiting inventory availability and inadvertently boosting property values.
The scaffolding that surrounds your current office or apartment building seems like an everlasting nuisance. New Yorkers are fed up with the amount of time scaffolding stays up. Some buildings have been plagued by scaffolding for over a decade.
Winter is here, and Mother Nature isn’t messing around so far. Building owners should take precautionary steps to avoid DOB violations and building maintenance issues.
By Ron Cohen NYREJ, Tuesday, November 26, 2013 Having worked at The Besen Group in the area for nearly a decade and watching it quietly emerge as a destination, I was intrigued to have a firmer grasp on a few details worth knowing. Starting with: what are the exact neighborhood boundaries? What’s backstory to this area? The buzz surrounding the neighborhood now known as NoMad (North of Madison Square...