You just bought your first home -- so, congratulations are in order! You're excited, and you're ready to settle in!
New York's real estate market is famous for a cutthroat attitude and the victor claiming the spoils. But even the most powerful and ruthless sellers and developers are restrained by the law. There are limits to how far someone may go to protect their interests in real estate.
Running a business often means that you have to find effective ways to communicate with people with whom you don't really agree on important issues. From employees disputing an aspect of their work contract to contractors or suppliers who fail to follow through with their obligations to their business, it is inevitable that your company will have to deal with some critical disputes at one time or another.
Your heart probably sank when you got the notice that one of your commercial tenants had just filed for bankruptcy protection. After all, the health of their business directly impacts that health of yours.
The New York City real estate market is hitting a slump -- and that may make it harder for sellers to offload property that they no longer want or can afford to keep.