News: Spotlight Content

2016 Top Viewed Web Content: Construction Projects

1. LCOR breaks ground on 55 Bank Street, a $250 million, 760,000 s/f development; Phase 1 to include 16-story, 288-unit residential bldg. with 3,000 s/f retail

Ground breaking of 55 Bank Street - White Plains, NY Ground breaking of 55 Bank Street - White Plains, NY

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2. Boston Properties launches capital improvement at 399 Park Avenue; Gensler is design architect

399 Park Avenue - New York, NY 399 Park Avenue - New York, NY

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3. TRITEC Real Estate celebrates groundbreaking of The Shipyard: $44 million project: 112 apartments

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4. Gateway Development completes 54-home VillaBXV in Westchester County

VillaBXV - Bronxville, NY VillaBXV - Bronxville, NY

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5. Douglaston Development tops off 2 North 6th Place, Brooklyn – New 40-story rental tower designed by Stephen B. Jacobs/Andi Pepper

Shown (from left) are: Michael Kaye, Jeffrey Levine, Steven Charno,  Michael Kessler, Benjamin Levine, Jonathan Fair and Tom Epstein. Shown (from left) are: Michael Kaye, Jeffrey Levine, Steven Charno,
Michael Kessler, Benjamin Levine, Jonathan Fair and Tom Epstein.

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6. RYBAK Development debuts The VUE: One of the first LEED certified green condominiums in S. Brooklyn

The VUE - S. Brooklyn, NY The VUE - S. Brooklyn, NY

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7. Alma Realty’s 72-unit Sun Valley Towers set to open in the spring

Sun Valley Towers, Rockaway Avenue - Valley Stream, NY Sun Valley Towers, Rockaway Avenue - Valley Stream, NY

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8. MADGI completes construction of Trammo’s 19,000 s/f headquarters; J.T. Magen, MG Eng. part of team

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9. The Beechwood Org. lays foundation for the $85 million development of The Vanderbilt

The Vanderbilt - Westbury, NY The Vanderbilt - Westbury, NY

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10. Related Companies unveils 456 Washington Street designed by BKSK Architects; 84 residences in TriBeCa

456 Washington Street - Manhattan, NY 456 Washington Street - Manhattan, NY

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MORE FROM Spotlight Content

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
Oldies but goodies:  The value of long-term ownership in rent-stabilized assets - by Shallini Mehra

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

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