CRE Insider Blog
Welcome to the Commercial Real Estate Insider, insights from First American's real estate experts.

Prohibition On Short Term Rentals Upheld

By Mike Berey on June 30, 2020

 In 2012, the Plaintiff, the Petitioner on appeal, purchased a single-family residence in the Town of Grand Island, in Erie County, for the purpose of renting it out for periods of less than thirty days. In 2015, the Town enacted Local Law 9 prohibiting in certain zoning districts, short-term rentals unless the owner resided on the property....

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Gone Virtual

By Alex Weber on June 24, 2020

Because managers play an important role in employee engagement – which is linked to productivity – challenges may arise when managing employees who work remotely. Gallup’s workplace research shows that to maximize the output of remote workers, managers must individualize, define expectations, build trust, and believe in talent.

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Topics: virtual office working from home working virtually

Why Emotional Intelligence Is Important -      Especially Now

By Alex Weber on April 30, 2020

Emotional Intelligence has become a prominent topic due to its impact on our success – both personally and professionally. Emotional Intelligence refers to the ability to identify and manage your own emotions, as well as the emotions of others.

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Topics: self awareness emotional intelligence motivation

Riding The Wave Of The Multifamily Market

By Stacie Jacobs on March 9, 2020

As we continue to ride the wave of the longest expansion in U.S. history, what are the key indicators of continued growth in the multifamily sector? According to Real Capital Analytics, developers are expected to deliver an estimated 398,000 units in 2020, a rate of 8,000 units lower than last year’s delivery of 406,000 units.

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Topics: multifamily market

Lost Note Affidavit Did Not Establish Ownership Of Note

By Mike Berey on January 28, 2020

The amended complaint for the foreclosure of a mortgage stated that the note, which had been assigned to it with the related mortgage, had been “permanently lost, stolen or inadvertently destroyed” but, notwithstanding, the Plaintiff could maintain the action under the authority of Uniform Commercial Code Section 3-804 (“Lost, destroyed or stolen...

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Topics: lost note

Time Of The Essence Closing Date Must Be Specified

By Mike Berey on December 30, 2019

 

The Plaintiffs entered into contracts to purchase two properties from the Defendants. The Defendants sent notices to the Plaintiffs purporting to set a time of the essence closing date for each contract. Each notice stated that “a closing has been scheduled for December 19, 2016, at 2:00 p.m.” and that if the transactions did not close “by the...
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Topics: Closing Date

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