News: Spotlight Content

2021 Year in Review: Jodi Warren, Capell Barnett Matalon & Schoenfeld LLP

Name: Jodi Warren

Job Title: Partner

Company Name: Capell Barnett Matalon & Schoenfeld LLP

How has your working environment changed over the last year?
Our firm has sought to find a balance between remote work and in-office work. There are days when our entire group comes in and days where we work together remotely. The world was already inching towards a remote/hybrid work model before the pandemic. The technology was there. The lockdown simply accelerated the process. Our group’s hybrid model ensures our team has the best of both worlds—flexibility and collaboration without sacrificing quality or productivity. We’ve learned that clients care about the work done right. They don’t care where we do the work.

What was the biggest lesson you learned while working during the pandemic?
I was surprised at how quickly, effectively, and cohesively our firm pivoted to remote work. We were incredibly productive, and learned that we could work from anywhere, anytime. That was a surprise because I have young children, yet I got a prodigious amount accomplished working from home and spent more time with my family. Firmwide, I think increased productivity and employees feeling of satisfaction and happiness is what led us to shift to a hybrid model. Today, I come into the office 2-3 days/week to see everyone, collaborate in person, and work from home the remainder of the week.

What was your greatest professional accomplishment or most notable project, deal, or transaction in 2021?
In 2021, I was made a partner of the firm! I don’t think anything trumps that. But workwise, my practice involves helping churches and other nonprofit organizations to further their missions by maximizing the ROI of their real estate. We call it “mission-driven development.” Right now, I’m working to finalize a deal for a church client selling two side parcels next to the church building. The monies generated will finance much needed repairs to the church building and ensure the congregation can continue to fund operations and important neighborhood projects.

What are your predictions for your industry in 2022?
Real estate will recover. I think it’s already come back. People feel more comfortable now in the current environment, and I expect we’ll see more construction projects gearing up, especially as NYC 421a tax abatements are expiring. So, many projects aim to get their shovels into the ground right away to meet that deadline. Come January 2022, any projects which haven’t already started will break ground very quickly. I expect we will see a kind of construction boom go forward pretty quickly.

What is the best advice you received in 2021, and who was it from?
The best advice I received in 2021 was to “find a balance.” It came from my managing partner, who “practices what he preaches.” We are better at our jobs, and we are better at home when we can find a balance between all worlds. One of the greatest lessons that the pandemic has taught us is that we can work from anywhere and still be productive and that we should also take a moment to breathe. To work hard but also take time to smell the roses.

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
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
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