Tag Archives: commercial real estate

No tips, please: Title closers say gratuities ban will cripple them – The Real Deal

New York State title closer compensation

This headline from an article at The Real Deal describes the situation that title closers, and by extension real estate attorney’s and title companies, in New York began facing as of yesterday, December 18, 2017! This is the day that the New York State Department of Financial Services (NYSDFS) Regulation 208 officially went into effect […]

A New York City Air Rights Brouhaha!

The topic of New York City air rights is somewhat arcane, and an area of commercial real estate development that is not TRULY understood by many in the marketplace! Recently the Hallmark Abstract Service blog had published an article titled, ‘Are Manhattan Air Rights Losing Some Of Their Luster?‘, that examined how as ‘the market for […]

Janet Yellen: Small Bank Lending + Commercial Real Estate ‘Crane Forests’ = RISK

historic commercial real estate prices

With commercial real estate valuations at levels exceeding 2007-2008, and with no shortage of new construction on the horizon, small bank lenders could be vulnerable! These snippets from a few different sources describe Janet Yellen and the Federal Reserve’s somewhat cautionary tone. ‘Commercial real estate (CRE) valuations, which have been an area of growing concern over the […]

NYC Supertalls: Where Size Does Matter!

supertall buildings in NYC

Driving into Manhattan from Long Island one can’t help but notice that dotting the skyline are buildings that dwarf those around them! These, are the supertalls! Defined as a building that is greater than 984-feet tall, these buildings include the famous such as One World Trade Center as well as the infamous like 432 Park Avenue. […]

Carnegie Deli Closing! Are New York’s Jewish Delis An Endangered Species?

map of Jewish delis in New York

In late-2013 when the Roslyn, Long Island staple Andel’s closed its doors, the event provided the inspiration for the article, ‘The Jewish deli: The end of an era on Long Island?‘! ‘The Jewish delicatessen, once a staple on Long Island, is slowly disappearing from view! Growing up on Long Island there was nothing like a […]

Title Insurance, Unlike Some Types Of Insurance, Is Still Affordable!

New York State Title Insurance Cost Comparison

On November 1, 2016 American’s will begin what may very well be the fiscally painful and mentally sickening enrollment process for their next years health insurance coverage! According to reports, in New York State premiums on the state exchange will rise more than 20% and in some other states around the country will rise triple […]

Apartment Rents: What Goes Up, Must Come Down!

housing affordability

It’s certainly no secret that in many of the nations housing markets the price to rent an apartment has been going in one direction…up! But, as the famous phrase about gravity suggests, what goes up must eventually come down. After all whether it was tulips during the 1600’s, technology stocks during the late 1990’s or […]

How Can We Better Serve You?

For Hallmark Abstract Service there is nothing more important than the complete satisfaction of our clients and the total protection that our title insurance services provides to them. In a commercial or residential real estate transaction that may represent one of largest, if not the largest, investment that an individual, family or business entity will […]

Did You Know…Real Estate, Law Jobs, Economy, Wall Street, Brexit And More!

Global news

9 Article Links To Scandal, Real Estate Statistics, Jobs, EU Break-Up And More! News, Economic Information And Just Plain Interesting Stuff That You May Have Missed! When you crack open the newspaper on the train or bus heading to work or perhaps navigate over to you favorite website that disseminates current events, you will be reading the same […]

New York Title Insurance: Always Compare Apples To Apples!

apples photo

For someone in New York buying a home, commercial property or who may be refinancing a mortgage, all title insurance is NOT created equal! As a quick primer title insurance is backward looking, purchased for the purpose of protecting owners of real property and the lender that may have provided financing. Title insurance ensures the fact that when a buyer/mortgage refinancer closes, […]