In mid-2019, the New York City Council passed what was called the Climate Mobilization Act (“CMA”). It was actually six distinct pieces of legislation. But the key initiative is related to cutting carbon emissions from large buildings. The first set of deadlines is quickly approaching. To begin ensuring that your commercial leases address requirements, allocate […]
Read more...Category: Commercial Real Estate Transactions
Glenn Wright Appointed to New York City Bar Association’s Real Property Law Committee
The Wright Law Firm is pleased to report that Glenn Wright has been appointed to the New York City Bar Association’s Real Property Law Committee for a term beginning Aug 01, 2021, and ending Jul 31, 2024 (Class of 2024). As a committee member, Glenn will participate in shaping law and public policy by commenting and testifying on legislation, submitting briefs, drafting […]
Read more...Valuation Methods When Selling or Buying a New York Business
When buying or selling a business here in New York, valuation can be tricky. No seller wants to receive less than the business is worth, and no buyer wants to pay too much. A Buyer or Seller always wants some valuation analysis undertaken. Here is a quick guide to a few standard business valuation methods. […]
Read more...Buying Commercial Real Estate – Sometimes Better to Lease?
When choosing to purchase a commercial property, you need to consider the possible risks involved. Buying commercial property only to later realize that renting was a better option is a feeling you don’t want to have. This post addresses some of the potential risks for businesses when buying commercial real estate The property market is […]
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Commercial Real Estate Development vs. Artists in Brooklyn
Like all Burgeoning Arts neighborhoods ultimately do, Bushwick, Brooklyn, now feels the threat of gentrification. Famous for its street murals, this former manufacturing neighborhood is home to many artists’ studios and galleries. The overwhelming demand in Brooklyn for commercial real estate has caused most artists’ space to be priced out as commercial landlords either refuse […]
Read more...Rise in New York Retail Sales for Condos
Property prices are again on the rise, and in New York, the hottest commodity lately is retail sales for condos. As Wall Street Journal reports, New York City has seen a rise in New York retail sales for condos, driving up sale prices in tourist districts and nearby areas where residential development is underway. Many […]
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