News:
Spotlight Content
Posted: December 20, 2016
2016 Year in Review: David Levy, Adams & Co.
David Levy, Adams & Co.Name & Title: David Levy, principal
Company Name: Adams & Co.
What was your most notable project, deal, transaction or professional achievement in 2016?
This year Adams & Co. renovated 110 West 40th St., a pre-war building between Broadway and Sixth Ave., to create a new office concept for the evolving workforce. The new model blends traditional offices with the perks of a co-working building by offering high-end office suites and central common areas with amenities. The shared conference room, tenant lounge, printing center and mail room allow tenants to enjoy the collective mindset that many companies are attracted to, while still maintaining the privacy and formality that comes with a private office space. The office suites at 110 West 40th St. leased up within months of launching, which confirmed there is high demand for innovative workspace options in Midtown Manhattan.
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
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
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
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
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
.gif)