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By Ron Cohen, Chief Sales Officer, Besen Partners Midtown South Mixed-Use Plan (MSMX) does NOT give a condo exemption. It triggers Mandatory Inclusionary Housing (MIH) exactly the same as rental unless you intentionally choose the “condo MIH” pathway (higher AMI/lower depth). The difference is in the options available, not the obligation. MSMX mapped new R11/R12 districts (15–18 FAR) and attached...

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.

Whether you're a seasoned pro or just starting out in commercial real estate, you won't want to miss this valuable insight and advice.