Price Is What You Pay. Value Is What You Own.
In commercial real estate, people often use the words price and value as if they mean the same thing. They do not. Price is what a buyer agrees to pay on a given day. Value is what the asset is actually worth based on income, risk, and long-term performance. The gap between those two numbers […]
Appraising the Icons: Valuing NYC’s Landmark Properties
New York City does not build small. It builds symbols. When you walk past the New York Times Building or stand near the World Trade Center, you are not just looking at office space. You are looking at history, engineering, brand identity, and billions of dollars in capital stacked into steel and glass. I have […]