News:
Spotlight Content
Posted: June 22, 2016
2016 Women in Real Estate: Elizabeth Houley
Elizabeth Houley, Newmark Grubb Knight FrankName: Elizabeth Houley
Title: Senior Managing Director
Company Name: Newmark Grubb Knight Frank
Email: [email protected]
Telephone: 212-372-2190
Years in real estate: 30
How did you get your start in real estate?
Quite accidentally. I was working at the front desk at Steve Rubell’s and Ian Schrager’s first hotel conversion project. They were turning the seedy Executive Hotel into the chic boutique hotel Morgan’s. They were working on a number of other projects including opening the Palladium nightclub. I ended up fielding Steve’s calls from attorneys, architects, designers and real estate professionals and found all the moving parts that went into making a deal happen incredibly interesting. Ultimately, I got my license and landed a job at Newmark in 1986. Thankfully, I also had a weekend bartending job at the Palladium to supplement my income in the beginning.
What is the best advice you have received and who was it from?
Jay Smith, who hired me at Newmark as a canvasser in 1986, told me to never ever give up. Also not to rely only on readily available information or the same information everyone else has, but rather to find the angle or approach that no one else has thought of and differentiate yourself from the crowd.
Tags:
Spotlight Content
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
.png)
Quick Hits
.jpg)
Columns and Thought Leadership
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”.
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
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
.gif)