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.
Is The Rent Act of 2015 Here To Stay?
NEW YORK CITY—Three months ago, I wrote about the implications of the Rent Act of 2015 for New York City landlords. Many owners may falsely believe that a new mayor could overturn these rulings.Read More
A Team Approach is Critical
NEW YORK CITY—Now more than ever, a team approach is essential to execute on a commercial real estate transaction. Today, sellers and buyers demand a great level of sophistication with respect to due diligence, marketing materials, and reporting.Read More
Why Exchanging into NNN Is Looking Better than Ever
NEW YORK CITY—In the last year, I have noticed that many long-term New York City owners have begun selling and exchanging into triple net leased properties nationwide. For many of them, it is a diversification play when the majority, or all of their holdings are here.Read More
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