News:
Spotlight Content
Posted: December 31, 2019
2019 Year in Review: David Badner, Norman Bobrow & Co., Inc.
Name: David Badner
Company: Norman Bobrow & Co., Inc.
What was your greatest professional accomplishment in 2019?
I was invited to join a panel at the Real Estate Expo along with several landlords and developers. As a panelist, I discussed my real estate background and my approach to the business as a broker. The expo was attended by several thousand professionals and was a great opportunity to expand my reputation throughout the industry.
What was your most notable project, deal, or transaction in 2019?
Along with my associate Jonathan Kershner, we negotiated a 24,000 s/f flagship store for the furniture company Safavieh. It was financially a great deal for Safavieh and it was one of the largest retail leases in Manhattan completed in the past year.
What are your predictions for commercial real estate in 2020?
With the completion of Hudson Yards we are going to see a number of vacancies popping up on the market. That coupled with WeWork’s shaky position could open up a number of opportunities to achieve a great deal in the coming year. I think that tenants who are financially strong will be able to push the landlords much further than they have in the past years.
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
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)