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Law Offices of Marc H. Supcoff Blog

A user-friendly searchable law firm blog about law and news developments affecting the construction & real estate industries.

Tough Times Ahead for Housing (WSJ Repost)

Article points to rising mortgage interest rates, shortage of construction labor, and increased cost of materials like concrete and labor, raising builder costs for new home starts. But perhaps the resale home market will benefit from the lower supply of new homes being built? And local markets affected by hurricane damage like in North Carolina will likely require extension rebuilding of homes and temporary housing for those displaced from their homes. What do you think?

Marc SupcoffComment
The Rise of the Fashionable Concrete Home (WSJ)

"The chameleon of construction" according to Amy Gammerman,  author of the WSJ article.  Building a reinforced concrete home may cost more, but they are energy efficient (in summer and winter) and more disaster resistant.  Who knew?  Famous 20th Century Architects Le Corbusier, Paul Rudolph and Louis Kahn all experimented with concrete in their designs.  For sure, their designs were way ahead of their times! 

Marc SupcoffComment
NY UCC Governs Contract Claim for Goods Delivered and Accepted; Lost Profit Counterclaim Dismissed For Lack of Contemplation By Parties and Alleged Damages Speculative

The Law Offices has obtained summary judgment on behalf of a New York women's clothing company that filed suit in 2016 against a national retailer for breach of contract and account stated for failure to pay for purchase order goods delivered and accepted by the retailer.  Manhattan Supreme Court Justice Andrew S. Borrok also dismissed the retailers' counterclaims. hashtag#supremecourt hashtag#breachofcontract hashtag#purchaseorders

Marc SupcoffComment
New York to Litigants: Let’s Settle Those Lawsuits (WSJ)

As both an experienced litigatior and AAA-trained mediator, I support this pilot program in Manhattan Supreme Court offering commercial contract disputing parties with claims under $500,000 to mediate their dispute early in the litigation process. ...  The succsss rate for mediation is significant:   In nine months from May 2017 through January, 145 cases were referred to mediation through the pilot program, according to court data.  Of the 99 cases that have completed mediation, 50 were settled.

Marc SupcoffComment
Quieting the High-Tech Luxury Home (WSJ Repost)

In my construction law practice, I've worked with acoustical engineers to soundproof noisy central air conditioning equipment concealed inside the wall of a client's residential apartment... But this is the first I've heard of hiring a noise consulantt to quiet the sound from electronic gadgets throughout the hi-tech home!

Marc SupcoffComment
Home Builder Sees ‘Solid Fundamentals’ Lifting Operations, Housing Market (WSJ Repost)

"Concerns about rising interest rates and construction costs have been offset by low unemployment and increasing wages, combined with short supply based on years of underproduction of new homes,” according to Lennar Corp. Executive Chairman Stuart Miller.

U.S. Commerce Department  data released Monday appears to confirm new home construction business outlook is improving:  May purchases of newly built single-family homes rose 6.7% from a month earlier, or 14.1% from a year ago.

 

Marc SupcoffComment
The Hottest Jeans Cost $2,000. Guess Where They Are Made? (WSJ Repost)

New York City? San Francisco (where Levi Strauss invented them)? ... The answer is Kuakashi, Japan.  This City's Kojima district was once a hub for manufacturing school uniforms, judo-wear and canvas sails.  Today, a small group of Japanese denim brands use the old hand-operated looms -- that produce less than a yard of fabric a day -- to manufacture hand-stitched jeans that fade and crease differently over time for each wearer.  Then the jeans are sold in select Japanese shops, New York

Marc SupcoffComment