"We have spent a lot of time, energy and effort trying to work on a design that doesn't encroach on the park or the air rights
at all," library spokeswoman Sue Wilsey said.
But what are air rights
?Dr Jack Mwimali, a property lawyer and lecturer, says this basically refers to the space above your property, its ownership, extent of ownership and lack of it (ownership) thereof."When we talk about air rights
in real estate circles, we are asking ourselves fundamental questions about the air above your property.
When it comes to the sale of the air rights
, that would be subject to the dynamics of supply and demand.
may be divided into separate units of real property created by the horizontal subdivision of real estate.
The subsidiary will now enter into a modified lease-purchase option so that the air rights
can be transferred in the most tax efficient method while still protecting the subsidiary's rights under the original agreement with the landlord, Rick's Cabaret said.
Collegiate and Joint Venture maintained the highest and best use of their properties was a residential condominium building to be built on an assemblage of the properties at 198, 200, and 204 Broadway, along with the air rights
from the properties at 192 and 194 Broadway.
At issue is air rights
above Garland Street, which runs behind the old Arkansas Bar Foundation building and the DoubleTree.
represent the difference between a theater building's actual size and the size allowed under Gotham zoning regulations.
It is located nearby the J and Z subway lines and features additional air rights
. Derek Bestreich, Brian Underkofler, and Steve Reynolds represented the buyer and seller.
By WILSON MANYUIRAWhile acres of newspaper pages have been devoted to various topics on matters real estate, not much has been written about air rights
, Mr Michael Munene, a Nyeri-based property valuer, notes.This, he says, is unfortunate,given the huge potential air rights
have in relation to real estate.
Rock Gaming has acquired land and air rights
from FCE to develop a casino in downtown Cleveland, US, for a total sale price of USD85m.