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….

A New Way to Broaden the Investor Base

How to Use General Solicitation and Advertising in Regulation D Equity Offerings               The founder of Andrew Abramowitz, PLLC, Andrew Abramowitz specializing in securities offerings, startup matters, mergers and acquisitions, securities law compliance and other general corporate law matters….

On-Demand Public Transportation

Why Citi Bike matters more than you think As a resident of Clinton Hill, Brooklyn, and a car owner, I’ve already welcomed Citi Bike into my life. Each morning, after taking my kids to school nearby, I use Citi Bike to get to a different…

Pedaling Toward Progress

As developers, we should think of buildings as a way to reflect the evolution of living in New York City. While I’m opposed to mandatory car parking in new developments—only 10-15% of tenants use parking in most neighborhoods—indoor bicycle parking, which is also a requirement…

Landlord Corner

As the Brooklyn market undergoes dramatic changes, it’s increasingly important for us to regularly ask: are we doing enough to maximize the return on our real estate investments? Any number of obstacles can get in the way; fortunately, we think about these things a lot…

Is Smaller Better?

Few issues have sparked as much speculation as Mayor Bloomberg’s announcement last week for a pilot project to develop residential micro-units measuring 275 to 300 square feet. Affordability is the primary driver here, especially for the demographic coming in—young folks who are looking for opportunity…

What Landmarking and My Daughter’s Sock Monkey Have in Common

On January 24, 2012, a City Council subcommittee voted to approve the landmarking of several blocks of buildings in Downtown Brooklyn. On February 1, City Council, as usual, did what its subcommittees recommended. But I’m really of two minds on this issue. REBNY is certainly opposed, and…