Commercial Observer | Flood of Property Assessment Appeals Could Wallop U.S. Cities

Amidst a rush to reduce tax burdens in major cities like New York City, San Francisco, and Washington, D.C., owners are aggressively filing property tax appeals, with some seeking reductions as high as 75 percent, a sign of the extreme uncertainty of commercial real estate values. Joseph Cioffi provided insightful commentary in the Commercial Observer article titled “Flood of Property Assessment...

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Valuation Review | Commercial Property Assessed Clean Energy, and Other Matters Are Examined Regarding CRE

In a two-part in-depth interview with Valuation Review, Joseph Cioffi explains how valuation is the linchpin in the commercial real estate sector, but also the gateway to legal disputes. Part 2 includes a discussion of regulatory and legal risks and opportunities related to current trends and office conversions.

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Valuation Review | Attorney Highlights Litigation Risks in Commercial Real Estate, Valuation

If you want to know the future of commercial real estate, look at how valuations are affecting the market and how the market is impacting valuations. In a two-part and in-depth interview with Valuation Review titled "Attorney Highlights Litigation Risks in Commercial Real Estate Valuation," Joseph Cioffi explains how valuation, the linchpin in the sector, is also the gateway to legal disputes....

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A New Push To Clear Up Marijuana’s Foggy Legal Status

Although marijuana is now legal for recreational or medical use in 37 states, it is still a federal crime to grow, sell or possess marijuana. With Congress unable to come to an agreement on marijuana's legal status, the Biden administration has been considering other means at its disposal to change its legal status. Following the recommendation from the U.S. Food and Drug Administration last...

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BisNow | 'You Can Imagine the Pressure': Commercial Appraisers at the Center of CRE's Price Reckoning

Commercial real estate appraisers are currently playing a crucial role in one of the biggest real estate stories: the fate of the office market and urban centers. Their valuation decisions can significantly influence property sales, how and when transaction volume restarts, and even who controls key assets. Joseph Cioffi, was quoted multiple times in this article for BisNow, “‘You Can Imagine the...

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Knowledge Is Power: Accessing Loan Information in Troubled CMBS

If the days of “extend and pretend” actually come to an end for commercial real estate loans this year, there will be a greater focus on investors’ rights to information regarding troubled properties.

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Regulatory Shift May Offer Lifeline To NY's Cannabis Industry

New York's recreational cannabis industry has the potential to be a multibillion-dollar industry. Yet, in the first year of legality, New York cannabis is struggling to generate the expected tax revenues for the state government, with a meager $70 million in legal sales as of August. This may come as a surprise to New Yorkers, who have become accustomed to seeing dispensaries on virtually every...

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