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There’s No Substitute for Leg Work in Real Estate

There’s No Substitute for Leg Work in Real Estate I was at a networking event recently where we were asked to do an intellectual exercise. The speaker posed the question: If you had a magic wand, what would you change—even if it was disruptive—to make your life...

Keeping an Open Mind in the Rental Market

Keeping an Open Mind in the Rental Market It’s a presidential election year, and while that often has implications for markets, it is also a useful insight into people’s thinking. Politics engenders passion, so what we often see are people entrenched in their...

Minority Shares: It’s Complicated

Minority Shares: It’s Complicated There is seemingly an infinite number of ways real estate is owned and sold. In most cases, the owner of real estate has a deed for a property, and when the property sells, the deed is transferred to the new owner in exchange for...

Don’t Let a Lease Expiration Go to Waste

Don’t Let a Lease Expiration Go to Waste “Don’t let a crisis go to waste.” This proverb from Winston Churchill, made famous again in 2008 by Rahm Emanuel, is applicable to many things in life, including the expiration of a commercial lease. The moral of the...

How Does the Stock Market Affect Rent Prices in New York?

How Does the Stock Market Affect Rent Prices in New York? The stock market is a leading economic indicator. It affects the psychology of companies. When the market is up, there is a tendency toward growth and expansive thinking, but when it’s down, people are less...