News:
Spotlight Content
Posted: September 17, 2019
2019 Women in Real Estate: Julia Wachter, Kramer Levin Naftalis & Frankel LLP
Name: Julia Wachter
Title: Special Counsel – Real Estate
Company Name: Kramer Levin Naftalis & Frankel LLP
Association/Organization Affiliations (REAL ESTATE ONLY): New York City Bar Association’s Cooperative & Condominium Law Committee.
What is your favorite motivational quote?
“Growth and comfort do not co-exist.”
What recent project or transaction are you most proud of?
Most recently, I assisted our client CIM Group in structuring a large mixed-use condominium development in DUMBO at 85 Jay St. Upon completion, the project will comprise an entire city block with more than 700 residences, a robust residential amenities program (plus private park) and significant retail space and parking. With my efforts, the client recently launched sales on 408 for-sale individual residential condominium units at the project. I have been involved in this project for more than two years and there is nothing more rewarding than watching a project (and watching our clients watching a project) come to life.
What was one of your biggest accomplishments in the last 12 months?
I have assisted in bringing to market nearly $2 billion worth of residential new construction condominium inventory; closed a first unit in a condominium project; submitted condominium conversion plans for more than $1.6 billion in residential condominium inventory; reviewed, consulted and advised on more than a dozen complex commercial condominium structures; and became an active member of my firm’s women’s initiatives committee. I also gave birth to a baby boy! My biggest accomplishment over the last year has been successfully juggling work commitments while adjusting to life as a family of four with my husband and our two young sons.
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
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
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
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)