News: Spotlight Content

2016 Women in Real Estate: Kerry Powers

Kerry Powers, Savanna Kerry Powers, Savanna

Name: Kerry Powers

Title: Associate

Company Name: Savanna                 

Email: [email protected]                     

Years in real estate: 8

Telephone: 212-229-0101

How did you get your start in real estate? 

Wheel Program at CBRE

What real estate associations or organizations are you a member of? 

YMWREA

What recent project or transaction are you most proud of?

Savanna recently purchased 1825 Park Ave., a 130,000 s/f office and retail building in Harlem. It was the first transaction I worked on at Savanna.

Who or what has been the strongest influence on your career and why?

My father – who also works in real estate.  He taught me that the real estate business is about three things – property, people, and money.  To make a living you need to understand at least two of them, and to be successful you need to really know all three.   

What is the best advice you have received and who was it from?

My good friend and former mentor always talks about the importance of “aligning your stars” – not just professionally but also personally. She has ingrained in me the notion that, while you may not realize your exact end goal, doing the right thing and striving for excellence each day will ultimately help get you where you’re trying to go. Thus far in my career, I’ve successfully aligned my stars, and stayed true to my values and beliefs.

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
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
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”.
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
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
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