News: Spotlight Content

Gary Coscia, The Largo Group of Companies

What was the best thing that happened to you or your firm in 2014? Largo's loan origination volume for 2014 will be in excess of $1.5 Billion and reflects our most successful year to date. We have been able to close a significant number of transactions in the US and Canada with our core group of correspondent lenders. What was your most notable project, deal, transaction or personal achievement in 2014? The Largo Group of Companies is celebrating its 25th anniversary in business. To date, our company has closed in excess of $20 Billion in commercial loans and houses a $1Billion servicing portfolio. We are extremely proud and thankful for what we have accomplished over the years. What are you looking forward to accomplishing in 2015? Continued success and growth. What are some of your real estate predictions for 2015? We anticipate that in 2015 the commercial real estate market will prove to be even more robust than 2014. That rates will continue to remain low and lenders will be continue to be extremely active.
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Over half of Long Island towns vote to exceed the tax cap - Here’s how owners can respond - by Brad and Sean Cronin

When New York permanently adopted the 2% property tax cap more than a decade ago, many owners hoped it would finally end the relentless climb in tax bills. But in the last couple of years, that “cap” has started to look more like a speed bump. Property owners are seeing taxes increase even when an
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Columns and Thought Leadership
How much power does the NYC mayor really have over real estate policy? - by Ron Cohen

How much power does the NYC mayor really have over real estate policy? - by Ron Cohen

The mayor of New York City holds significant influence over real estate policy — but not absolute legislative power. Here’s how it breaks down:

Formal Legislative Role

Limited direct lawmaking power: The NYC Council is the primary
Properly serving a lien law Section 59 Demand - by Bret McCabe

Properly serving a lien law Section 59 Demand - by Bret McCabe

Many attorneys operating within the construction space are familiar with the provisions of New York Lien Law, which allow for the discharge of a Mechanic’s Lien in the event the lienor does not commence an action to enforce following the service of a “Section 59 Demand”.
Oldies but goodies:  The value of long-term ownership in rent-stabilized assets - by Shallini Mehra

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The strategy of co-op busting in commercial real estate - by Robert Khodadadian

In New York City’s competitive real estate market, particularly in prime neighborhoods like Midtown Manhattan, investors are constantly seeking new ways to unlock property value. One such strategy — often overlooked but