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In real estate, air rights are the property interest in the "space" above the Earth's surface. Generally speaking, owning or renting land or a building includes the right to use and build in the space above the land without interference by others.
Transferable development rights (TDR) is a method by which developers can purchase the development rights of certain parcels within a designated "sending district" and transfer the rights to another "receiving district" to increase the density of their new development.
An option, when purchasing aircraft, allows an airline to purchase additional aircraft in the future, at an agreed price and date. [1] When placing orders for new aircraft, airlines commonly obtain options from the aircraft manufacturer. These options allow the airline to delay the purchase of additional aircraft until market conditions become ...
The legitimate owner is often completely unaware of the fraud until they face an eviction notice or discover liens taken against their properties, at which point they face a significant legal ...
A high-profile trial involving a luxury condominium in downtown Sarasota concluded on Thursday to determine who owns the air rights in The Quay.
Gottheimer: We should be concerned about the lack of transparency on air rights pricing and the impact on our most important capital projects.
The purchase would include all inventory, operations, improvements, and maintenance associated with each asset, except for the air rights over Grand Central. At the time, the Hudson and Harlem Lines were owned by the Penn Central holding company, while the Grand Central Terminal was owned by Midtown TDR Ventures.
Feniger projects the company to report a new peak EPS of $10.25 in 2026, which is $1 above consensus, as freight conditions improve and customers buy trucks ahead of EPA27.