Real Estate

Chinese Investment In NYC Hotels Remains Strong, But Shows Signs Of Slowing

New York City was both the most liquid hospitality market in the country[i], and global hotel investors’ destination of choice in 2015, according to JLL. That year, its transaction volume exceeded $6.6B, outpacing London by 40% and eclipsing its own 2011 record of $3.1B. Although total hotel deal volume decreased 41%[ii] nationwide in 2016, foreign investment featured […]

Is the new 421 A the answer to New York City’s affordable housing problem?

In a city in which resolving competing interests often results in inertia, the recent rapprochement among the city, real estate developers, unions, and Governor Cuomo has caused the extension of the 46-year old 421 A provision, which had been in limbo for two years. It brings hope to all stakeholders—including residents for whom the prospect […]

Where Are the Women in Construction?

This article was originally published by Construction Today on August 16, 2017. Click here to view original article. Recently, while out to dinner with friends, I mentioned that I was involved in an initiative with the goal of enhancing the development and retention of women accounting leaders in our firm. I asked one of my friends, a […]

Tax Implications Of Rental Real Estate Activities

Certain online sites such as Airbnb and VRBO (Vacation Rental By Owner) have made it easier and more appealing for homeowners to rent out their property, which has led to a nation-wide increase in short-term rentals over the last few years. According to AirDNA.co, New York City has more than 34,000 active Airbnb listings. While […]