New York City owners of rent-stabilized apartment buildings are facing a perfect storm as a tidal wave of mortgage maturities and resets is fast approaching for properties purchased before the passage of the Housing Stability and Tenant Protection Act (HSTPA) of 2019. The Most Vulnerable Properties Sharply higher interest rates combined with the impact of
Real Estate
Call it NOLA, the Crescent City or the Big Easy, there’s no way New Orleans could fail to be called one of the most distinctive cities on the North American continent. A huge part of its romantic charm is its legacy as a city on the “mighty Mississipp.” As the artery that drew commerce to
For most of the 20th Century, the mention of Florida municipalities Lakeland and Winter Haven got folks thinking springtime and the crack of a bat on a baseball. Generations of Northerners journeyed south each March to catch the Detroit Tigers in their spring training home of Lakeland, and the Boston Red Sox (and later Cleveland
Rent Café has released its 2022 year-end report, which looks at the most competitive rental markets this year. Although apartment construction is at a historic high, finding a rental in 2022 has been challenging. Nationally, the average renter had to compete with 14 other apartment seekers to secure a rental, which didn’t stay listed longer
Do you own 25% or more of a limited liability company, partnership, or other small entity that owns real estate or runs a small business (any of these, a “company”)? Are you the president, CEO, general counsel, or COO of a company? Even if you don’t have that title, do you perform a similar role?
The Smithsonian’s National Air and Space Museum has announced a student architecture and design challenge for the design of an element for its new Bezos Learning Center. Through this challenge, teams of architecture and design students and early-career architects will be challenged to design an architectural element for the exterior structure that visualizes and communicates
Finding a luxury gift for everyone on your list isn’t that difficult. However, finding something luxurious and unique is another story. After all, it’s not the cost of the gift so much as the thought behind it. Choosing to give something to someone they wouldn’t typically buy for themselves makes a gift extra meaningful. Here
We reached producer Jeff Beacher as he piloted his Ferrari 458 Spider to a lunch appointment at the Beverly Hills Hotel’s Polo Lounge, Hollywood’s marquee rendezvous since 1941. “I bought my house because it was behind the Beverly Hills Hotel, I love it that much––I eat there all the time,” says Beacher, known as the
Rational expectations is a basic economic theory that originated with a paper written in 1972 by future Nobel Prize-winning economist Robert Lucas. The theory of rational expectations has been discussed by economists non-stop ever since. “Theory of rational expectations holds that people are aware of and act upon available information, making forecasts that are more
Ocean views, beaches and big waves are enduring attractions. The coastal Southern California city of Newport Beach benefits from its bordering resource with a harbor, surfing and two piers. Not surprisingly, the upscale community also has its share of boutiques, fine dining restaurants and highly sought-after housing. Views of the water and the horizon are
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