"Today's Hot Condo Market - If You Build - I Will Buy"

In this article, Tom explores the complications that can arise if a sponsor attempts to take advantage of the New York Attorney General’s recent statement on taking on investors in a condominium project before the offering plan is issued, where the investor wishes to purchase a unit when constructed. The new AG statement dovetails with the recent relaxation of the federal Reg D rule prohibiting advertising in exempt public offerings. Read the full article at the New York Real Estate Journal.