About This FeatureThe Full Nelson provides a unique look Inside New York Real Estate, examining the challenges, opportunities and impacts of local policy and the economy on the investment sales market.
New Rent Regulation: The Downfall of MF Pricing?
NEW YORK CITY—New York City has enjoyed the highest multifamily pricing in the US and presumably the world. Cushman & Wakefield’s 1st Half 2015 Market Report showed that Manhattan’s average capitalization rates for apartment buildings were an astonishing low 3.4% for walk-ups and 3.5% for elevators.Read More
Landmarks: A Close-up, with Mike Slattery
NEW YORK CITY—For the July 2015 Nelson Report, I had the pleasure of sitting down with Mike Slattery, the Senior Vice President of REBNY, to discuss the New York City Landmarks Law.Read More
Talking the 421a Tax Abatement With Mike Slattery
For the June 2015 Full Nelson, I had the pleasure of sitting down with Mike Slattery, the Senior Vice President of REBNY, to discuss the 421a program.Read More
The New Millennials
There has been a lot of talk about the new millennials as of late. At recent conferences, I heard Scott Rechler from RXR and Billy Mack speak of how this demographic is transforming cities where they want to live and work.Read More
The U.S. Versus the Global Market
NEW YORK CITY—Fresh from MIPIM, James Nelson of Cushman & Wakefield gives his take on the proceedings. And what he saw was eye opening.Read More
The New Metric—Price Per Square Foot
NEW YORK CITY—"What's the multiple?" used to be the determining statistic to a multifamily building's fair value. Not any more. James Nelson of Cushman & Wakefield looks at the new standard.Read More
REBNY Turns Attention to the Boroughs
NEW YORK CITY—The association has recognized the need for more programming focused outside Manhattan. James Nelson provides an update on what's driving the demand.Read More
What if the Russians Aren't Coming?
NEW YORK CITY—With the current slowdown in the Russian economy, what does this mean for foreign interest in the multifamily market here? James Nelson looks at the numbers.Read More
Addressing the Small- to Mid-sized Capital Gap in NYC
NEW YORK CITY—James Nelson of Massey Knakal Realty Services and George Yerall of River Oak discuss the new JV and how it plans to address the small- to mid-sized capital gap in NYC real estate.Read More
The Effect of Stock Market Volatility on Real Estate
NEW YORK CITY—With the market proving itself especially volatile, what does that mean to the real estate market? James Nelson looks at the numbers.Read More