News: Spotlight Content

2021 Women in CRE: Judy Simoncic, Forchelli Deegan Terrana LLP

Name: Judy Simoncic, Esq.

Title: Partner

Company Name: Forchelli Deegan Terrana LLP

In the past year, what project, transaction or accomplishment are you most proud of?
I was recently appointed chair of the Nassau County Bar Association’s Municipal Law and Land Use Committee. My role as chair of this committee is to provide my fellow committee members with the latest developments in these areas of law. The committee organizes and presents monthly programs on emerging topics of interest to our members and to the members of the NCBA. The committee not only provides insight into the latest legal trends in these areas of law, but equally as important, it provides an opportunity for our members to collaborate and share their own legal experiences with one another. It is an honor for me to be the chair of this committee. I look forward to an exciting two years in this position.

How do you advocate for your fellow women in real estate?
Early in my career, I was the only woman at our firm practicing commercial real estate law. Despite being the only woman, I made a decision to follow my passion for real estate. I now represent sophisticated real estate developers and Fortune 500 companies handling complicated real estate development projects. I know the challenges women face especially in a field that was once predominantly men. I have made it a priority to help other women achieve success in this field. I am a founding member of FDT’s Women’s Initiative executive leadership team. Our goal is to give young women the tools to advance professionally and personally. I am now among many successful women practicing real estate at FDT.

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
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
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
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”.
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