Category Archives: commercial real estate

Do You Ever Wonder About Good Cause Eviction? Alex Lycoyannis of Rosenberg & Estis Fills Us in!

Do You Ever Wonder About New York State’s Proposed Good Cause Eviction Law? It ultimately will not be good for anyone involved, both landlords and tenants!   We spoke with Alex Lycoyannis, partner at Rosenberg & Estis, P.C., who fills us in! Watch his interview with Hallmark Abstract Service CEO Michael Haltman on YouTube here: […]

Companies seek new office buildings, shun ‘aging’ ones!

Companies seek new office buildings, shun ‘aging’ ones! This has led to an uptick in the default rate for CMBS backed by ‘buildings with large vacancies and insufficient cash flow to pay back their debt’! The default rate in December hit 2.53%, up from 1.81% in November. Compounding the problem is the fact that companies […]

Financing Commercial Real Estate, May Get More Difficult Down The Road!

Is commercial financing about to get more difficult?   Listen to the podcast episode that offers a potential solution!   Delinquencies on the Rise!   According to Trepp, considered the industry’s largest commercially available database of securitized mortgages, the CMBS delinquency rate rose in December for the first time in 18 months!   In a […]

Do you ever wonder…The State of the NYC Commercial Real Estate Market!

May 4th on LinkedIn Live from 6-6:30PM join host Mike Haltman, CEO of Hallmark Abstract Service, for a discussion with special guest Rob Kuppersmith about… The State of the New York City Commercial Real Estate Market Now and Into the Future! Register on LinkedIn here: https://www.linkedin.com/events/doyoueverwonder-thestateoftheny6790662015712161792/ Rob Kuppersmith is a Managing Director with Cushman & Wakefield. […]

Mortgage Tax Expansion: New York’s Commercial Real Estate Industry Is In The Crosshairs!

  Cash Cow, Easy Money, Low-Hanging Fruit, Meal Ticket, Golden Goose… These are just some of the words and phrases to describe how the real estate industry in New York State and New York City in particular is viewed by the powers-that-be in Albany and City Hall! And of course it’s not just the developers […]

Potential Covid-19 Vaccine Or Not, Landlords Are Hurting NOW! (Video)

Breaking on the morning of November 9, 2020, was news from U.S. pharmaceutical giant Pfizer and partner BioNTech, that a potential Covid-19 vaccine breakthrough had been developed! Their vaccine candidate BNT162b2 was shown through a trial with approximately 44,000 participants, to be more than 90 percent effective at preventing infection and with “no serious safety concerns having been […]

Legal Tools Available To A Commercial Tenant Attempting To Negotiate Rent Relief!

Few who walk the mostly vacant streets of New York City fail to notice! Passing empty retail stores as they go with For Rent signs in the window, and office buildings devoid of occupants who are working from home, they can quickly understand the deep and destructive impact Covid-19 has had on the NYC economy […]

With the Supreme Court in the headlines, the right to choose takes center stage!

  The Supreme Court and the nomination, now confirmation, of Judge Amy Coney Barrett to serve as an Associate Justice of the United States highest court, has been in focus for many weeks! In New York State the right to choose is a topic that’s in the forefront of everyone’s mind, and at Hallmark Abstract Service […]

Landlords are people too – New York Daily News

Summary: There are two sides to the eviction moratorium story and, while the tenant side gets told, the landlord/owner side often does not. _______________________________________________________ Cornavirus and an economic reality The coronavirus pandemic has taken a severe toll on a great many sectors of the U.S. economy, and of course on the American people themselves! This is […]

WeWork In The Covid And Post-Covid Coworking Race by Bill Conerly (Guest Author/Forbes.com)

WeWork, Past, Present and Future! Whether it’s the potential for recession, expected post-coronavirus vacancies in office buildings, a reticence by employees to take elevators to a high floor or, simply the competition presented by other coworking spaces, WeWork’s survival strategy is fraught with risk. On-the-other-hand, many of these same issues may also be the reason why […]