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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.

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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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! 

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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

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