Category Archives: commercial real estate

The Coronavirus Impact On New York City Commercial Real Estate – Permanent Business Closures!

Viewing the impact of coronavirus on New York City businesses from a 30,000-foot perch, we conceptually know that it is going to serious for many and terminal for others! Until the economy reaches the ‘phase’ where retail stores small and large, entertainment and sporting venues, restaurants, etc. are allowed to reopen in earnest, the number […]

Homeowners, Renters and Commercial Tenants Are Not Necessarily Created (Treated) Equal In The Coronavirus Crisis!

Visit and Follow us at Instagram, LinkedIn and/or Facebook For individuals with a mortgage on a house or for those who are renting their current home, some level of immediate temporary relief is being offered by the powers that be! And, the same type of relief is available to most consumers for credit card debt […]

Real Estate Considerations for Effect of COVID-19 on Purchase and Sale Agreements

In the new normal of coronavirus or COVID-19, uncertainties have suddenly arisen concerning personal conduct, personal freedom of movement and financial stability, leading to changes in the conduct and implied responsibilities of the various constituencies that are party to a real estate transaction. And while contractual customs and mechanics may vary from locale to locale, the […]

Question: For a Commercial Landlord, What is The Coronavirus Disclosure/Action Plan Obligation?

The owners of office buildings, office parks, multifamily apartment buildings and other types of commercial property, find themselves facing decisions that they didn’t know existed two months ago! With the spread of coronavirus, in the event that a management company and/or building owner is put on notice that a tenant or visitor is exhibiting symptoms […]

What Are Air Rights, and What Do They Mean for CRE Developers and Investors? by Matt Frankel

Tutorial about air rights

The phrase air rights, depending on who you you’re speaking with, conjures up various thoughts and opinions over exactly what they are! There is of course the environmental and aviation context, but for the purposes of this article we speak of the ability for a developer to build a building to a certain vertical height. One can possess air rights […]

NY’s 2019 Rent Stabilization Law: Opposing Views, Paths Forward by Jason Gordon, AmTrust Title

On July 31, 2019 Hallmark Abstract Service published the article, ‘Are there any winners in the NYC multifamily marketplace?‘, providing some background into the parameters of the new law and potential impact that the Housing Stability and Tenant Protection Act of 2019 could have. This impact would be on a variety of stakeholders including multifamily building owners […]

Guest Author – ‘Challenging Your NYC Property Value Assessment May Be Easier Than Ever’ by Darya Shneyder

New York City photo

New York City property value assessments, like those on Long Island, can often be based on data that is often considered by the owner to be somewhat inaccurate and/or open for debate. Maybe you should think about appealing! (Challenging Your NYC Property Value Assessment May Be Easier Than Ever originally appeared in the Commercial Observer, […]

New York City Rent Stabilization Law – It Offers Both Risks And Rewards!

apartment building photo

Hallmark Abstract Service was extremely fortunate to enlist the help of Craig M. Notte, a Partner at Borah, Goldstein, Altschuler, Nahins & Goidel, who has provided his insights and ultimately an article on the complicated and often difficult to play-in world of New York City rent stabilization law. When operating properly, the laws surrounding this segment […]

The Ghost Cities Of China: If You Build Them, Will People Actually Come? (Video)

Tianjin China Manhattan lookalike

The theory, particularly if you’re in the upper reaches of China’s government, is that at some point people will inhabit these vast expanses of infrastructure and housing that exist in ghost cities across China! This is anticipated if, as expected, the population of China steadily moves from the country’s hinterlands to its cities! Back in 2014, a […]

NYC Real Estate Developers Are Infallible, That Is Until They’re Fallible!

5th avenue nyc photo

No matter the endeavor there are times when simply playing the game is enough to ensure success…At times commercial and residential real estate ownership and development are no exception! In other words when prices in a specific real estate market are steadily headed in one direction, up, there is no specific trick to making money. […]