News:
Spotlight Content
Posted: December 28, 2021
2021 Year in Review: Jeremy Plofker, Urban Standard Capital
Name: Jeremy Plofker
Job Title: Vice President
Company Name: Urban Standard Capital
How has your working environment changed over the last year?
My work environment changed from being jobsite- and office-based to being productive from locations that bring joy to other parts of my life, primarily the waters of eastern Long Island, the mountains of the Pacific Northwest and family hubs located around the country. Fondness for the tangible experience of physically meeting at development properties and observing progress unites professionals across our industry. That said, the digitization of the world in which we manage these projects has enabled greater productivity and effective communication from anywhere [with WiFi] than we ever could have envisioned and resulted in a rebalancing of how we distribute time amongst different working environments.
What was the biggest lesson you learned while working during the pandemic?
Developing and strengthening relationships based on respect and transparency are much more valuable than ever before. No contractor, vendor, developer, lender evaded pandemic hardship and only those relationships based on trust and respect were able to survive by working together to make the best of the situation.
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)
.gif)
.jpg)
Columns and Thought Leadership
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
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
.gif)