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JANUARY 30, 2017

Hidrock Pays $31M for Boerum Hill Mixed-Use Building
- The Real Deal

JANUARY 11, 2017

NYC’S Tanking Hotel Market is Coming Back in 2017
- Bisnow

JANUARY 6, 2017

Hidrock Locks in $101M in Loans for 31-story Midtown hotel
- The Real Deal

JANUARY 4, 2017

Union Investment Nabs NYC Marriott Hotel In $203M Deal
- Law360

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AUGUST 14, 2007

THE RETURN OF DIMINISHING RETURNS

- The Real Deal


Featuring Abraham Hidary

To make money on their new buildings, whether luxury condos or offices, developers
have typically followed a simple rule of thumb: The profit margin should equal around
20 percent of the project's cost.

In the current market, though, that's becoming increasingly difficult, as labor and
materials costs remain overheated. Another obstacle is if projects drag on for longer
than expected, owing to structural problems, bad weather or community opposition.

 

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2007-August