News:
Spotlight Content
Posted: May 16, 2017
2017 Women in Professional Services: Christen Portelli of Highcap Group LLC
Highcap Group LLC
Name: Christen Portelli
Title: Managing Principal
Company Name: Highcap Group LLC
Years in real estate: 16
How have you navigated obstacles to achieve success in your career? When we hit roadblocks in brokerage, I think our mindset becomes the biggest obstacle for navigating in a forward direction. Negative thoughts and emotions typically cloud vision and logical thinking. I always detain negative thoughts and focus on positive energy. This coupled with keeping emotions aside usually leads the way to more creative thinking and paves the way to a solution. I also think it’s important to recognize what you can control in the equation and how to break down the steps in overcoming a barrier in a focused and timely manner.
What trends are you seeing so far this year? We have seen more creative approaches to getting deals done such as short term leases with an option to buy or long term ground leases as opposed to fee simple deals. Distressed debt has also started to make a small comeback and we expect to see more of those opportunities, especially on development sites/conversions that are sitting idle or buildings with significant vacant retail.
What do you do for fun? Working out is not only fun for me but a great stress release, I love taking pure barre, yoga and 360 classes. In addition, I enjoying hiking with my dog, Lucy.
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
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
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
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
.gif)