Tag Archives: commercial real estate

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 […]

New York Real Estate Closings – Virtual is a Reality!

Virtually Close Your New York Real Estate Transactions (with virtual notarizations)! Residential and Commercial Real Estate Closings WITH Virtual Notarizations, Can Now Occur in New York Through May 7, 2020! During these very difficult times, thanks to the Executive Order (EO) signed by Governor Cuomo legalizing virtual notarization’s, real estate closings and mortgage refinances in […]

Downstate New York State County Clerk Real Estate Recording and Continuation Information (Chart)/As of April 1, 2020

Downstate New York County Clerk Recoding and Continuation Information At Hallmark Abstract Service we are committed to providing you with up-to-date information, resources and solutions to get through these difficult times vis a vis real estate transactions and the subsequent recording of documents. Nassau County, Suffolk County and New York City (other than Staten Island) are available for the […]

Closing A New York State Real Estate Transaction in the Age of Coronavirus!

Today, and rightfully so, parties to a real estate transaction are loath to sit in close proximity to each other regardless of the degree of social distancing being used! In certain instances they may also be unavailable for a sit-down as they are quarantining themselves voluntarily or, because they feel ill, have been exposed to […]

Hallmark Abstract Service: Title Insurance Warrior!

Hallmark Abstract Service! We are able to protect supertall buildings in a single transaction across New York State! And, we are expert in protecting single-family homebuyers, commercial property buyers and mortgage refinancers in every real estate transaction that they enter into! Hallmark Abstract Service Is Open For Business And Stands Ready To Serve The New York […]

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 […]

Hey Apartment Building Owner – Do Your Tenants Like Living There?

For anyone thinking about moving to a new apartment, it can often be impossible to find out beforehand, what the living experience has been for current or past tenants on a variety of important subjects! Enter Rentgrata, a PropTech firm that provides feedback from actual residents to the questions that potential tenants really want answers to. […]

Record Low Treasury Yields: An Historic Opportunity in the Mortgage Market!

10-year treasury yield at 1.31%

With the 10-year treasury hitting an all-time record low yield today (February 25, 2020) of 1.31%, and mortgage rates at or near historic lows, does it seem to anyone else as if the banks are basically ‘giving’ their money away? For current homeowners with a mortgage already outstanding, or a property owner with far less […]

How Do You Mitigate Various Types Of Risk?

Mitigating real estate risk

Risk is a small word that covers a large range of issues and scenarios including health, investing, recreation and of course, real estate! One need only look at the stock market futures this morning to understand the often-used phrase of ‘risk-off’ that describes the environment where investors take some money off of the table and sell. At-the-same-time, […]

Real Estate Transaction Time is of the Essence Clause – The Bankruptcy Extension Conundrum

“Time Is On My Side” – When a “Time of the Essence” Closing Date Keeps Rolling Like a Stone for 60 Days Over the weekend Hallmark Abstract Service was the sponsor of a 16-credit CLE class that was headed-up by real estate attorney Vince Gallo of Staten Island. Much time was spent during which he […]