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| less than a minute read

Commercial condominium conversions offer flexibility in a challenged NYC office market

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George Evans
Director
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Kristen Liang
Associate
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Hara Perkins
Director

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George Evans
Director
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Kristen Liang
Associate
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Hara Perkins
Director

With the current state of the real estate market, building owners and developers should consider utilizing the flexibility of the commercial condominium structure to maximize the value or marketability of their properties. This ownership regime gives owners and developers the opportunity to restructure the ownership and operation of their properties – from a financing, use, sale, or allocation of costs perspective – to better adapt to market trends.

Read more from attorneys George Evans, Kristen Liang, and Hara Perkins in this New York Business Journal article. 

It's no secret that the office market is going through a period of great transformation. While it may not always be the right solution, now is the time for building owners and developers who are evaluating their properties to consider whether there is an advantage to getting creative with the commercial condominium structure and splitting the use, ownership, or financing of the property to maximize its value and marketability in this evolving landscape.

Tags

real estate, article, affordable housing & economic development

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Avatar
George Evans
Director
Avatar
Kristen Liang
Associate
Avatar
Hara Perkins
Director

Get in touch

Avatar
George Evans
Director
Avatar
Kristen Liang
Associate
Avatar
Hara Perkins
Director

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