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November 2017 Archives

Commercial real estate supports major companies

One good thing about owning real estate is that even if your business begins to fail, you have an investment that could support you. This is best presented in the case of Macy's. Recognized for the Macy's Thanksgiving Day Parade and its local stores around the country, Macy's is a household name. Despite that, its sales have fallen for 11 quarters in a row, and, in 2017, its stock plummeted. Now, it's around 41 percent lower than a year ago.

Pursue your rights after a breach of contract

As a business owner in New York, you understand the importance of contract completion. You make it a point to go that extra mile for each and every one of your clients. But, what happens when one of your business contracts, e.g., a vendor, remains unfulfilled, causing both you and your clients to suffer as a result? When this happens, you might find yourself in the middle of a breach of contract situation.

What happens if a dispute occurs when funds are in escrow?

In the majority of real estate transactions, escrow arrangements are made to guarantee funds to the seller from the buyer upon the completion of the sale. A third party holds onto the funds, so neither of the other parties has access to them until the deal is finalized or cancelled.

Buying a co-op: The things that matter

You've been interested in purchasing either a condo or a cooperative housing project. You have the money to put down on either, but you're not sure which one will end up making you more money in the end. You want to have an easy lifestyle there and also to obtain investors into your community.

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