by Victor Jung | Apr 27, 2024 | Victor Jung
The 421a tax abatement is a significant fiscal tool designed to stimulate residential development in New York City. It was established to encourage the construction of new multifamily housing and to foster the provision of affordable housing units. Through this...
by Victor Jung | Apr 1, 2023 | Real Estate
The NYC Guaranty Law The City of New York passed the Guaranty Law, which made “guaranty clauses” in commercial leases unenforceable for unpaid rent between March 7, 2020 and June 30, 2021. Plaintiffs Elias Bochner and his business, 287 7th Avenue Realty...
by Victor Jung | Mar 17, 2023 | Business, Leadership
JPMorgan, Bank of America, Citigroup, and Wells Fargo assemble an Avengers-style banking alliance to save First Republic In an epic display of financial unity, 11 powerhouse banks, led by the Fantastic Four – JPMorgan, Bank of America, Citigroup, and Wells Fargo – are...
by Victor Jung | Feb 20, 2023 | Leadership
Gen Z’s Need for Stability, Mentorship, and Tenure The pandemic has brought about many changes in the way we live, work, and socialize. Among these changes is a phenomenon that has come to be known as the Great Resignation. Over the last two years, millions of...
by Victor Jung | Feb 1, 2023 | Real Estate, Tiny House
Tiny House Movement: Historical Perspective Tiny houses are a growing trend in the world of housing, with more and more people choosing to downsize and simplify their lives. But where did the tiny house movement come from? And why is it becoming increasingly popular?...
