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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.

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!

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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?

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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?

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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

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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?

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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.

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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.

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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.

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