Slaying the Land Cost Dragon

DEVELOPMENT ON A GROUND LEASE By Dennis M. Sughrue Developers in New York now confront a stark, new reality. In established Manhattan and Brooklyn neighborhoods, for the first time in memory, land prices exceed construction costs. This calculus shapes the development landscape in profound ways….

Developer Round-Up

As the market heats up heading into 2014, the questions on everyone’s minds are “can the market sustain some of the high land and building prices we are witnessing across all asset classes?” and “where are the best neighborhoods to invest?”.  So we went to…

Conversion Excursion

All developers understand the need to create inventory that meets today’s market demands. But when your challenge is to convert large apartments for occupants who share space, can you make accommodations that unlock untold amounts of dollars from a building? Sure you can, but only…

Transportation Drives Development

As real estate investors and developers, one question we should always be circulating is, “How can we create more desirable inventory?” While the city took right action in rezoning Greenpoint to accommodate the residential needs of a growing community, it hasn’t taken off with the…

Think Like a Developer

In this issue of thinking like a developer, we focus on the product, the people, and the place you’re building. Are you creating the right inventory for the right area to satisfy demand and maximize your return? Let’s put on our urban planning hat for…