How Do You Say “Membership Interest” For An Equity Pledge?

May 16, 2022

Despite going out of its way to encourage nonresidents to create limited liability companies in its ... [+] state, Delaware fails to define the term “membership interests” in its LLC law. (Photo by Education Images/Universal Images Group via Getty Images) Universal Images Group via Getty Images Commercial real estate lenders often lend against pledges of equity interests in limited liability companies that own real estate, rather than just against mortgages of the real estate itsel ...read more

Exclusive: This $59 Million Waterfront Mansion In Miami’s ‘Billionaire Bunker’ Could Become America’s Most Expensive Bitcoin Real Estate Deal Ever

May 16, 2022

Miami's "Billionaire Bunker" a.k.a Indian Creek Island has it's own 13-person police force and ... [+] marine guard and is home to only 40 residences Courtesy of Todd Michael Glaser/Dina Goldentayer For roughly 1,903 Bitcoin at today’s conversion rate, Ivanka Trump, Spanish crooner Julio Iglesias, billionaire investor Carl Icahn, and dozens of other A-listers and titans of industry could soon become your neighbors in Miami’s most coveted address. Locally known as “Billionaire Bunk ...read more

Are We Nearing The End Of The Seller Market In New York City Real Estate?

May 17, 2022

Current market dynamics indicated by the slight slowdown in deal activity, increasing luxury days on ... [+] market, and mediating last asking price suggests that the seller’s market in Manhattan real estate may be fading. getty The Manhattan real estate market remains very competitive. Monthly contract activity is still running 30% above seasonal averages, with monthly new supply running almost 25% above typical levels. After a year-plus buying frenzy, the market is showing signs tha ...read more

Secured Lenders And Their Counsel Can’t Forget The Minor Details In A Secured Loan

May 17, 2022

UCC-1 filings are easy to make correctly and a disaster if done wrong. U.S. Government Many types of commercial financing rely on security. For a real estate loan, the main security usually consists of a mortgage. For other types of financing, including real estate mezzanine loans, the main security will consist of a “security interest,” a pledge, under the Uniform Commercial Code. Either way, if the borrower defaults, the security gives the lender a relatively straight path to its c ...read more

Pottery Barn Launches A Chic Garden-Theme Collection With Julia Berolzheimer

May 17, 2022

Julia Berolzheimer redefines garden chic with her Pottery Barn collaboration Pottery Barn Pottery Barn and tastemaker Julia Berolzheimer recently launched a gorgeous garden-themed collection just in time for summer. Berolzheimer puts her own spin on traditional style for the line, weaving in both her personal aesthetic as well as that of the brand. “I am thrilled to be partnering with Pottery Barn, an authority in the home space and a brand I admire, to reflect my love for design and t ...read more

Art Gives Potential, Personalized Wellness Boost To Home Interiors

May 18, 2022

Paintings, photography and pottery personalize a living space. Susan Wintersteen, Savvy Interiors Art is a $50.1 billion global market, with the U.S. being the largest player at 42% of total sales value. But art is more than a market or investment vehicle. Works of art can be creative expressions for their creators, or a source of joy and inspiration for their consumers; sometimes those are the same individuals. “Creativity and imagination are our unique strengths as a species,” shar ...read more

How Do You Say “Membership Interest” For An Equity Pledge?

May 18, 2022

Delaware doesn't define the term “membership interests” in its LLC law. (Photo by Education ... [+] Images/Universal Images Group via Getty Images) Universal Images Group via Getty Images Commercial real estate lenders often lend against pledges of equity interests in limited liability companies that own real estate, rather than just against mortgages of the real estate itself. Pledges of equity in an LLC give borrowers more loan proceeds than ordinary mortgages would by themselves ...read more

Imbuing Historic Buildings With Modern, Yet Respectful, Additions

May 18, 2022

The blending of historic and contemporary is showcased beautifully at 295 Fifth Avenue in New York ... [+] City, which features an addition borrowing from the original building's neo-classical design. Tribeca Investment Group/Studios Architecture Given the never-ending forward march of architecture and technology, it’s no surprise the buildings being developed today are growing ever sleeker, taller and more modern. As these slender splinters reach for the Manhattan sky, the dense urb ...read more

High-Style Modern Villa Asks Nearly $4 Million In Italy’s Tuscany Region

May 19, 2022

The contemporary home in Livorno has three levels of living space. Building Heritage Livorno is an easygoing seaside city with an active seaport on the western coast of central Italy’s Tuscany region. A 16th-century fort, a modern harbor, a cruise ship port and a central promenade occupy the waterfront. The mild Mediterranean climate of winter gives way to sultry temperatures in the summer and no doubt contributes to the laid-back lifestyle of the locals. It also enables year-roun ...read more

Five Experts Share Data Strategies To Survive Wild Housing Market

May 19, 2022

The Real Estate and Construction Management School at the University of Denver is launching a ... [+] Collaboratory to connect builders and students to research different development and business models. Alexandrai Williams The strength of the housing market has made order takers out of the builders and dealers serving it – even to the point that many are turning down work because new jobs would mean a sacrifice of critical resources. Now, the question is, how sustainable is th ...read more

Why House Prices Skyrocket And Why The New Biden Housing Plan Won’t Work

May 20, 2022

SOLD With Multiple Offers real estate sign near purchased house indicates hot seller's market in the ... [+] desired neighborhood. Blurred outdoor background. Bidding war concept. getty The Biden Administration just announced its Housing Supply Action Plan with 19 immediate steps. Their top priority is to reform local zoning. On the upside, the Plan focuses on new funding for new construction instead of new funding for buying existing houses which just increases house prices and makes h ...read more

Manor House Boasts An Idyllic Setting Among The Vineyards In The South Of France

May 20, 2022

The Cathedral Basilica of Saint Cecilia towers over the city of Albi, on the Tarn River in France. getty Albi, set on the Tarn River in the south of France, has many claims to fame. The Episcopal city boasts the Cathedral Basilica of Saint Cecilia with its fortress-like brick exterior and lavish interiors. The consistent French Gothic architecture earned the cathedral, built over 200 years from the 13th and 15th centuries, a UNESCO World Heritage Site designation. The renovated ...read more

The Sunset Of Rental Construction In New York City (At Least For Now)

May 20, 2022

NEW YORK, NEW YORK (Photo by Alexi Rosenfeld/Getty Images) Getty Images Like many American cities, New York City’s demand for housing is staggering. In spite of state laws intended to hold down housing costs, rental prices have increased and low- and middle-income families are finding it even harder to find affordable homes. However, new housing development to address the shortage is being threatened because one of New York’s main tools to encourage building, the property tax abateme ...read more

5 Things That Should Happen During A Home Inspection

May 21, 2022

Home Inspection Getty Images So, you found the perfect home (nice!) and you put in an offer (very nice!) and your offer was accepted (SUPER nice!)… now it’s time to have your new purchase inspected. Buyers pay for inspections in order to do their due diligence and ensure that the home is in good shape before completing the purchase. Major red flags that come up during the inspection could make you reconsider buying, or even nullify the contract (depending on your contingencies)—that ...read more