Supcoffconstructionlaw's Weblog

DeBlasio Announces New Revised Sandy Relief Plan
March 31, 2014, 11:40 am
Filed under: Uncategorized

DeBlasio Announces New Revised Sandy Relief Plan


Churches see development boom as godsend
March 28, 2014, 1:10 pm
Filed under: Uncategorized

Churches see development boom as goodsend
March 18, 2014, 3:19 pm
Filed under: Uncategorized | Tags:

Fun NY Real Estate History

March 11, 2014, 6:39 pm
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New-Home Building Is Shifting to Apartments 3/9

According to the Wall Street Journal: “The share of new homes being built as rental apartments is at the highest level in at least four decades, as an improving jobs picture spurs younger Americans to form their own households but tighter lending standards make it more difficult to buy.”

“Catch A Contractor” Debuts ON Spike TV Sundays at 10 PM
March 10, 2014, 5:11 pm
Filed under: Uncategorized

I watched the premiere of this new reality-tv show last night.  The hosts are a carpenter, a home improvement contractor and a private investigator.  The 3 assist homeowners who have had a bad experience with a contractor.  In the episode I saw, a contractor gets paid a large sum to renovate a bathroom but leaves the project midway rendering the space unusable.  The contractor is located (with help from the private investigator), lured back to the homeowners and caught on camera being confronted with the defective and/or incomplete work.  The show offers basic tips to homeowners including the need to have a written contract with a contractor, check licenses and references.  The show hosts eventually tell the contractor that he needs to go back and fix/complete his work or the they will help the homeowners put the case into suit.  It looks like a fun show.  Unfortunately, most homeowners don’t have the “Catch A Contractor” TV crew on their side.  Instead, homeowners may choose to hire an experienced construction attorney to prepare or review a construction contract before it is signed.  This way, if the contractor defaults, the homeowner legal rights will be protected.

Lobby Renovations Complete
March 3, 2014, 5:19 pm
Filed under: Commercial Real Estate

Lobby Renovations Complete

1450 Broadway. My Firm represented the Developer/Building Owner in preparing and negotiating a construction contract with the general contractor.

Office Market Construction & Financing Increases (Gradually)
January 23, 2014, 3:41 pm
Filed under: Commercial Real Estate, Construction Financing

Office Market Construction & Financing Increases (Gradually)

Banks held $206 billion in construction and land loans in Q3 of 2013, up slightly from a post boom low of $202 million in Q1 of 2013, but down from a high of $632 billion in 2008 (WSJ 1.22.14 citing FDIC).  Developers started construction on 79 million SF go office space in 2013, up from 57 million SF in 2010, but significantly below the 191 million  SF a year average in the US since 1980. WSJ 1.22.14 citing McGraw Hill Construction).