Law Offices of Marc H. Supcoff * Construction Law *  Commercial Litigation * Real Estate Transactions
Build Buy & Sell on a Solid Legal Foundation

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.

First Department Oral Argument

Yesterday afternoon I had the privilege and opportunity to participate in oral argument before a five Justice panel in the Appellate Division of the Supreme Court of the State of New York in Manhattan. I represented plaintiffs-appellants who appealed a trial court justice decision denying summary judgment. The case involves UCC claims against a customer’s bank for improper payment of two dual party checks and a missing endorsement shortened notice provision in the bank’s agreement with its customer which we argued was commercially unreasonable and void against public policy. It was a great experience, both interacting with the Justices during my oral argument and listening to over a dozen oral arguments by attorneys handling other appeals which the Justices heard before ours!

Marc SupcoffComment
The Bill Coming Due for Airlines (WSJ Repost)

US Airports plan to spend $100 billion over the next five years to refurbish old terminals and expanding capacity. It is catch up time - spending on U.S. airport infrastructure fell 24 % between 2013 and 2017. Higher fees for airlines (and passengers) are expected. Is the extra expense worth it to modernize and improve service?

Marc SupcoffComment
Got Junk? Self-Storage Investors Hope So (WSJ Repost)

I represented a national self-storage company in closing a large construction loan to build its first NYC facility located on Staten Island …. Self-storage stocks bottomed out in early 2009. According to FactSet, the four largest such self-storage owners have each outpaced the S&P 500 on a total-return basis over the last decade. What will the future hold for these investments?

Marc SupcoffComment
A 1970 Mustang Too Fun to Keep in the Garage (WSJ)

A fun story about a father and son who own four vintage Ford Mustangs. With really cool pics, including a 2001 Mustang Bullitt and 1970 Mustang Boss 302. Connection to my construction law firm blog? — The father is a managing director at architecture firm Skidmore, Owings & Merrill

Marc SupcoffComment
Las Vegas Housing Weakness Signals the Slowdown Is Spreading . (WSJ Repost)

The percentage of house listings with price cuts in Las Vegas has more than doubled since a year ago; since October 2018 the share of such listings in Las Vegas has been higher then for the U.S. market. Is this evidence of a broader national slowdown in housing? Or a blip on the radar before markets rebound during the usually busier spring selling season?

Marc SupcoffComment
To Boost Your Home’s Value, Live Near a Highway (WSJ Repost)

Just don’t live too close … . Studies show sales prices lower for homes directly adjacent to the highway compared with homes not directly adjacent. And sales prices fell 0.8% with each unit increase in traffic volume. In 2015 Florida study, prices dropped 2.5% with each additional mile of driving distance between a house and the nearest highway on-ramp.

Marc SupcoffComment
The Perfect Place for Their Second Home Is Right Around the Corner (WSJ Repost)

Heartwarming story about a couple who loved their longtime summer cottage on Deer Isle, Maine so much that they decided that during their retirement they wanted to live full time on the Island . So nearing the age of 70, they built a 2600 square foot energy-efficient winter house with solar panels on the roof that provides heat and hot water for the house.  Now, they live on the Island year round.

Marc SupcoffComment
Living Large in a Scandinavian Suburb

A couple from Oslo pays $2.1 million in 2013 for a 1970s prefab house outside the Norwegian capital and then spends $1.5 million making it over including adding air conditioning and an outdoor pool. Now, the only thing old at the property is their 1963 Jaguar E-Type car which sits in the driveway.

Marc SupcoffComment