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Showing posts from 2015

Hochfelder: How to avoid costly delays when preparing for a real estate acquisition

If your next public project requires the acquisition of private property, keep reading as Adam Hochfelder thorough understanding of state regulations can help you navigate this complex process, while saving you time and money.


Although municipalities have the right to declare property, still guaranteeing the rights of private property owners is required. The initial goal is to obtain a negotiated settlement, and condemnation is the ultimate last resort, when there is nothing else left to do. When state or federal funds are involved, municipalities must follow legal procedures

According to Adam Hochfelder, real estate acquisition brings many challenges. For example, if municipalities somehow run out of time for real estate acquisition, they face losing grant funds, which mean they’ll have to wait for the next cycle to reapply. However, the largest threat whatsoever is probably the need to delay a project until the next construction season.

Some officials underestimate the challenges that …

The After Effects of Real Property Acquisition and Development

The typical acquisition is a fairly short process, where normally the parties involved walk away after closing. But sometimes the effects of an acquisition stay longer and linger on the buyer. After a deal has been made, the buyer owns the property and has to live with its flaws, while the seller can have some exposure to liability for non-disclosure, environmental contamination, etc. Satisfying the parties’ reasonable expectations in these areas is a major part of the negotiation that purchase agreements include. During the past couple of years, the general outlook on real estate acquisitions has shifted from the traditional point of view. Due to that, more and more often, we see potential buyers seeking guidance from real estate experts. Adam Hochfelder currently serves as the Consultant of Real Estate Acquisitions & Development at Merchants Hospitality, but prior to that he was one of America’s most famous real estate executives. Now he uses his industry knowledge and experie…

Adam Hochfelder: Hot to Protect Your Real Estate from Additional Costs

For most people, including Adam Hochfelder, having your own home is a very important segment of life, which is evident by the fact that even 92 percent of NYC's real estate properties, are privately owned. However, what many people often overlook is the insurance of their living space, which is equally important. Here the figure drops to only about 20 percent.

The sources of financial loss to real estate company owners and managers are as varied as they are significant.

You've might heard the expression, small claims do great accounts. Well, one of the reasons for this lies in the fact that we think that fires, floods, lightning strikes and other disasters can never happen to us and that this is an unnecessary expense.

In reality, many small accidents can damage or destroy our living space, whether it's a flat, a house, apartment or cottage, together with the things that are in them. According to Mr. Hochfelder when these small costs are added together, you can hardly pu…