2015 Year in Review - James Glatthaar

What was your most notable project, deal, transaction or professional achievement in 2015? I successfully represented a real estate developer that sued a municipality for unlawfully rezoning its property from multi-family to single family, twice.  In both instances we prevailed and the multi-family zoning was restored to its property.  The most recent appellate decision directed the municipality to approve the multi-family building. This was a great result for our client. What real estate project, transaction, market trend or product had a significant impact on your industry in 2015? Low interest rates were a significant factor in 2015. Three cooperatives and a condominium that I represent refinanced mortgages to borrow additional funds for capital improvements while simultaneously reducing operating costs. How will you be supercharging your productivity in 2016? I am always looking for the next property investment or acquisition opportunity for my clients.  Clients appreciate when their attorneys really think about and help them achieve the client’s professional goals. What emerging trends will drive investment and development in 2016? The regional need for housing will be the most significant trend.  Young people, mostly college and graduate school grads, want to live in the most desirable communities.  Markets such as Manhattan, Brooklyn, White Plains, Yonkers and New Rochelle will continue to need housing, particularly affordable or workforce housing to accommodate all those who want to live in these communities.  These communities should be welcoming to a new generation of residents who wish to make a specific community their home.