MGMA in Practice Blog – HC

Real Estate

• Warner Bros. bringing some magic to NYC with opening of Harry Potter store
  Warner Bros. has announced that the much-anticipated Harry Potter New York will officially open on June 3. Situated at 935 Broadway in the shadow of the Flatiron Building, the 20,000 s/f store  will house the largest collection of Harry Potter and Fantastic Beasts products in the world, from pocket money... The post Warner Bros. bringing […]
• Larken secures $42M construction loan for 254-unit NJ development
  JLL Capital Markets announced today it has arranged a $42 million construction loan for the development of The Ridge at Readington, a 254-unit apartment community located in Readington, New Jersey. JLL worked on behalf of the borrower, Larken Associates, to secure the three-year, floating-rate loan through ConnectOne Bank. The Ridge at... The post Larken secures $42M […]

NACVA/Consulting Industry

• Delaware Chancellor Rejects “Apples-to-Oranges” Damages Analysis
  Dieckman v. Regency GP LP et al. This article discusses Dieckman v. Regency GP, LP, a recent Delaware Chancery Court decision. It is a reminder for valuation professionals providing damages testimony to be wary when mixing the use of the market approach and income approach when estimating damages in situations where multiple entities are involved. […]
• Credit Card Rewards in Business Valuation for Divorce
  Operating v. Non-Operating Assets With the growth of the digital economy, new types of assets have emerged that may be subject to property division in divorce. An increasingly common example is credit card reward points. No one may actually “own” these points, since the written agreements for rewards programs commonly state that points are not […]

Crain’s NY Small Business News

• Manhattan retail rents extend slide, showing Covid’s full impact
  Retail rents in Manhattan have continued to fall even as new businesses sprout up and vaccines spur optimism for a return of shopper traffic. SoHo again was the hardest-hit market in the first... To view the full story, click the title link.
• Developers plow ahead with ambitious plans to reshape city
  New York City’s builders have had a curious reaction to a pandemic that emptied Manhattan’s office towers, shuttered restaurants and kept tourists home. Over the past year, as scores of businesses... To view the full story, click the title link.