News:
Spotlight Content
Posted: November 5, 2019
2019 Ones to Watch: Michael Bertini, Savills
Name: Michael Bertini
Title: Assistant Director
Company Name: Savills
Address: 399 Park Avenue, 11th Fl, New York, NY
Who are some leaders that you admire and why? ?
At 23 years old, after receiving my degree from St. John’s University, I earned an interview at Savills and joined the firm as an associate under the direction of top-producers vice chairman John Mambrino and senior managing director Nicholas Farmakis. These guys are at the top of their games and among the most notable brokers in the industry. They’ve taken a hands-on approach to mentoring me, which has truly paid off. In fact, it was working with this team that I completed my largest deal to date. I supported John Mambrino with the Associated Press’ relocation from 450 West 33rd St. to Brookfield Place (170,000 s/f) and talent agency William Morris Endeavor’s 70,000 s/f move to 11 Madison Ave. in Midtown South.
How have your life experiences impacted who you are professionally?
Growing up, I quickly learned the importance of feeling comfortable around high-profile people. In college, I established the Entrepreneurial Society, which was a club for young moguls in the making. The group would regularly hear from business executives representing various industries. Ultimately, these experiences gave me the confidence to meet with esteemed clients and provide strong, strategic counsel in matters of commercial real estate.
What was your favorite thing to do when you were a kid?
I spent a lot of time skateboarding as a kid. I loved long boarding, especially with friends. While it seemed like childhood fun then, I look back and see the lessons I learned: How to make new friends and engage with old ones; how to discipline oneself to learn new tricks and stunts; and that how far and fast you go is entirely up to you and the effort you invest.
What do you consider to be your greatest success in the past 12 months?
Within the last 12 months, I was on the team that brought ticketing technology provider SeatGeek from their 27,000 s/f space at 400 Lafayette St. in NoHo to 902 Broadway in the Flatiron District, where the firm more than doubled its office space to 72,800 s/f. During that process, I also helped SeatGeek sublease up to 40,000 s/f of its old space across Manhattan. In total, I have completed over 100,000 s/f of transactions with the company over the last year. In addition to my work with SeatGeek, I played a role in several of the firm’s most prominent transactions, including the 80,000 s/f lease restructuring/renewal for law firm Manatt, Phelps & Phillips at Times Square Tower, and the 60,000 s/f relocation for technology law firm Gunderson Dettmer at 1250 Broadway.
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
.gif)
.jpg)
Columns and Thought Leadership
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”.
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)