News:
Spotlight Content
Posted: October 17, 2017
2017 Women in Building Services: Laura Reddy, NuZine
Name: Laura Reddy, NCIDQ
Title: CEO
Company Name: NuZine
Years in real estate: 17
What real estate associations or organizations are you a member of? Women in Construction
How have you navigated obstacles to achieve success in your career?
I think part of overcoming obstacles is viewing them as positive challenges and challenges are a great way to learn; something I hope I never stop doing! When faced with a challenge, I generally turn to my incredible team and network. Hearing their thoughts, ideas and views is an incredible tool for seeing a situation in ways I might not have thought of. Challenges also tend to bring out my sense of humor, which is a tremendous gift. When situations are tense and the stress is high, being able to make people laugh and break that cycle of negativity has turned many difficult circumstances around.
How do you play your strengths to your advantage in your career?
Being a people person makes it easy to meet and work with people and fortunately this is not something that takes effort for me. Having a complete and thorough knowledge of the full process for design and construction has been a driving factor in my career. The process in NYC has been splintered into many aspects and requirements by law. Over the years, this structure has caused the process to become compartmentalized in which each team member is concentrating solely on his/her aspect, not realizing their portion affects other phases of the project. NuZine excels at facilitating the project process.
What trends are you seeing so far this year?
So much is happening in NYC and there is a tremendous amount of construction going on. Local Law 11 SWARMP work is continuing, clients are spending funds on capital improvements and pre-built tenant suites. The shared office community is expanding and offering great opportunities to small businesses and independent contractors. The Department of City Planning is proposing to re-zone Midtown East, about 73 blocks around Grand Central Station. If this proposal is approved, there will be lots of work for everyone in the real estate community.
What do you do for fun?
We love to be outdoors and spend time with family and friends. I’m also a total Sci-Fi geek and love Sci-Fi films
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
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
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
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)