Category Archives: commercial real estate

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 […]

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 […]