News:
Spotlight Content
Posted: December 20, 2016
2016 Year in Review: John Proscia, ACC Real Estate Services Inc.
John Proscia, ACC Real Estate Services Inc.Name & Title: John Proscia
Company Name: ACC Real Estate Services Inc.
What was your most notable project, deal, transaction or professional achievement in 2016?
In March 2016 John Proscia and his team joined forces with Ambrosino Consulting Corp. to create a very deep and service-oriented management company. With the new marriage of the property management firm and a first-class construction firm we can provide additional services to our clients. We now have a cradle-to-grave approach offering owners hands on decision-making by experienced local and senior-level real estate professionals.
What project, transaction, market trend or product had the greatest impact on your industry this year?
Technology would be one of the most recent market trends to impact the third party property management field. With today’s software ability and communication ability, there is no longer lag time between a problem and a resolution. This creates more productivity and the ability to handle more products in an efficient and timely manner.
How will you be supercharging your productivity in 2017?
In addition to the retraining and repositioning for technology we are also going to be more than doubling our brokerage staff to bring in commercial brokerage.
What emerging trends will drive property management in 2017?
We are waiting for the new administration to take hold of Washington DC. We, as a business, are looking forward to some potential tax credits or tax benefits. The President-Elect has made it clear that in the year 2017 he is going to reduce the corporate tax structure. This should spur investment and expansion to Fortune 500 companies.
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)
.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”.
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
.gif)