News & Insights
Read about developments including new services, practices, and professionals to better serve our clients as well as our contributions to the legal and business communities.
Reflections on a decade of luxury condos and the continuing growth of tech in NYC
With retrospectives on the twenty-teens across industries, segments of culture, and more, the New York Times published a piece on the rise and wobble of the luxury condo in Manhattan during the 2010s. The piece pairs well with recent analysis courtesy of Bloomberg...
Boeing battered by bad news
In the three weeks since we last discussed the ongoing crisis at Boeing, the firm finally parted ways with its CEO in the hopes of finally beginning to stem the tide of problems plaguing the aerospace giant since the two 737 Max crashes occurred. Unfortunately for the...
Watch out for wire fraud in real estate transactions
The New York Times recently reported that wire fraud has been on the rise in real estate transactions, especially with the rise of rapid-fire negotiations conducted online and via email. Victims of wire fraud have received detailed emails with instructions for wiring...
Manhattan home prices continue slide as ‘gentrification’ tax is floated in state legislature
Analysis of fourth quarter real estate data for 2019 arrived today courtesy of the Financial Times, and although declines in sales prices in Manhattan were not as steep as during the third quarter, they remained markedly lower. While in Q3 average prices fell by 13%...
Real Estate News—Development, Rezoning, and 57th Street reaches new heights
A joint analysis conducted by Douglas Elliman and Knight Frank at the end of 2019 found that Manhattan’s 57th Street, known colloquially as “Billionaire’s Row” for its array of recently constructed supertall residential towers, is indeed the most expensive street in...
Tragedy caused by façade debris and icy perils complicate NYC’s scaffolding conundrum
Any recent discussion of scaling back NYC’s sidewalk sheds and scaffolding was interrupted during December, when multiple incidents illustrated the dangers that pedestrians sometimes face, especially on the streets of Manhattan. First, an architect walking through...