2015 Year in Review - Davetta Thacher

Davetta Thacher, NYSERDA

What was your most notable project, deal, transaction or professional achievement in 2015? 2015 was a growth year for combined heat and power (CHP), an integrated building energy system that generates both electricity and heat, reducing energy costs up to 30%. More than 500 buildings in New York State use CHP, a number expected to increase 10% with pending projects. CHP growth was also spurred by innovative funding approaches, no-money-down power purchase agreements, and support from the New York State Energy Research and Development Authority (NYSERDA). And, CHP advances governor Andrew Cuomo’s Reforming the Energy Vision by generating energy at customer sites, increasing energy efficiency and reducing demand on the electric grid. For more information, visit nyserda.ny.gov/chp-acceleration.

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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

Check out NYREJ's <br>Developing Westchester Spotlight!

Check out NYREJ's
Developing Westchester Spotlight!

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RYBAK Dev. with IMC Architecture to build Tilyou Towers - 505-unit mixed-use building conversion

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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

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

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

Active investors seeking rent-stabilized properties often gravitate toward buildings that have been held under long-term ownership — and for good reasons. These properties tend to be well-maintained, both physically and operationally, offering a level of stability