News: Spotlight Content

2017 Women in Building Services: Sara Rubenstein, Continental Ventures 

Name: Sara Rubenstein

Title: General Counsel and Senior Vice President

Company Name: Continental Ventures 

Years in real estate: 17

What real estate associations or organizations are you a member of? UJA REX (Real Estate Executives)

How have you navigated obstacles to achieve success in your career?

I have strong determination and focus, so when I have had obstacles, I have used that focus to navigate my way forward and to get back on track. I always try to use obstacles as an opportunity for learning and growth so that I can try to avoid them, or work through them faster, in the future. As I learn from them, I become better at what I do and a better leader. I have been called “a force” because of these traits. It keeps me motivated and helps me motivate others. 

How do you play your strengths to your advantage in your career?

I am very passionate about what I do, and I think that comes across readily. That passion and excitement helps motivate my team. I also flex to other people’s strengths and weaknesses to build the best possible team and to drive performance. Because I love what I do so much, I have a natural curiosity about all facets of real estate; I ask numerous questions and always try to push myself and learn new skills. 

What trends are you seeing so far this year?

Obtaining construction financing is continuing to be challenging. There are a lot of great projects being developed all around the city, so it is a matter of making the lender comfortable with the underwriting on a particular project, the fundamentals of the deal, and the path to the success of the project. It is also important for the developer to have a strong reputation and track record. For developers who lenders have done business with previously, those same lenders are often willing to finance the deal.

What do you do for fun?

I love cooking and baking with my kids and exploring museums with my family. 

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
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
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
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
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”.