Blog

Can Real Estate Development Benefit The Environment?

Author: Christopher Kelly of Tritec Real Estate Company        11/20/2017





Smart Growth & Sustainable Redevelopment

Historically, employing “green” techniques in real estate development seemed unattainable. Contrary to the belief that new development will add to our environmental headache, many new developments can be the start of a cleaner, healthier Long Island. Modern-day construction practices and innovative building plans are paving the way to forward-thinking, environmentally-conscious and economically-feasible development projects. Regardless of whether or not a new project moves to apply for LEED certification, the inclusion of sustainable elements, such as Energy Star-rated appliances, or the distinctive choice...

 

Investigate New Ideas

Author: John E. Damianos, Esq. Damianos Realty Group LLC        11/1/17

With the advent of advertising technology, we are beset with new ideas which may be right for us. Lit directories with illuminated film strips are becoming replaced with computer type formats. Names of individuals and businesses are programmed with an external computer, rather than by popping a plastic strip in or out. People like entertainment and we are in an information age so there is also news, weather, time/date and stock reports. We are investigating interactive directories to enable users to find individuals inside companies instead of company names only. As time goes on and we open our minds the buildings can’t help but get better and more interesting.


 

Why Amazon’s HQ2 RFP Matters (especially for cities and regions who won't win)

Author: Brandon Palanker, 3BL Strategies        9/20/17

The Economic Development world is afire with the buzz about Amazon. Who will be the winner? Are Boston or Denver leaders in the club house? Can smaller metros compete with the usual suspects, potentially vaulting their city to the world stage?
Or, does it even matter? After all, only one place is going to win (or, maybe not).


Let’s be honest, how many locations can support the 50,000 new employees, millions upon millions of new square feet of real estate and thousands of new residential units including multifamily and traditional suburban options alike? That doesn’t even contemplate the immense infrastructure and transportation needs.

IT MATTERS!  
Why?


Whether a region seeks to retain, grow or attract companies of 50,000, 5,000, 500 or 50, Amazon has...

 

Striking a Balance Between Repairs and Prevention

Author: John E. Damianos, Esq. Damianos Realty Group LLC       7/24/17

Someone who believes she is a  competent Property Manager may be misleading herself and others in proper methodology.

Solving problems quickly is impressive and should be done expeditiously before tenant emotuons rise to vocal intolerance. However, there are cost considerations and other insights like that of problem avoidance that should be taken into account.

It has been said that "an ounce of prevention is worth a pound of cure" in practice, this means that a $20 sign, a $400 lavatory waste container and or a $300 hand dryer can prevent $600, $700 in plumbing expenses for pulling toilet bowls and snaking tens of feet into lines, not to mention tenant and landlord inconvenience.

Also, when work needs to be done, rather than the mechanical raising of phone to ear and automatic dial to the same contractors with the typical expense cost results, a...

 

Is The Mortgage Market Dead or Alive ?

Author: Barry Stein - President, Rohman & Stein Associates Inc.    3/28/17

Helping your clients navigate the right financing while positioning them for opportunities in this consolidating and ever - changin market is as important as helping them find the perfect property.

To further mudddy the waters this doesn't even begin to address the greater government intrusion and bank regulators placing additional stress on lenders such as varying underwriting standards (increasing stress analysis) increased regulatory and administrative oversight requiring higher loan loss reserves, thus adding tremendous costs to lenders. When regulators start to tell professional loan officers how to underwrite loans, this cannot be good.

Yes, lenders today are still making loans albeit on a much more conservative time consuming (sometimes painful) restrictive basis.

In today's market the loan to values are lower, the debt service coverage ratios are higher, particularly...

 
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