How Today’s Economy is Affecting Commercial Real Estate
by Neil A. Dolgin Fall has arrived with an economy still finding its way. There is low unemployment which bodes well, but the challenges of high interest rates and inflation are increasing concerns about the possibility of a recession. Interest rates are already up 2% this year, and inflation is still soaring despite a downturn… Read more »
City Council Hearing Digs Into Gowanus Rezoning
The New York City Council held its hearing on the Gowanus Neighborhood Plan on Tuesday, questioning developers and heeding testimony from neighbors and stakeholders in a five-hour meeting as members prepared to take the first binding vote on the rezoning. Activists, community members, and local government have been engaged in a months-long Uniform Land Use… Read more »
Navigating New York’s new TCO process
The pinnacle of any construction project is the issuance of the Certificate of Occupancy (CO), albeit temporary or final. These documents, distributed by the NYC Department of Buildings (DOB), grant the legal occupation of a new development or an existing building under construction in NYC. The process can be daunting and lengthy, but extremely necessary… Read more »
City Planning Commission Greenlights Industry City Rezoning
Despite the opposition of the local city councilmember, the City Planning Commission today approved the controversial rezoning of Industry City in Sunset Park, Brooklyn, which is expected to generate several hundred thousand square feet of new commercial space. Commissioner David Burney was the only member of the planning board to vote against the proposal, which… Read more »