News:
Spotlight Content
Posted: December 28, 2021
2021 Year in Review: Marc Spector, FAIA, Spectorgroup
Name: Marc Spector, FAIA
Job Title: Principal | Owner
Company Name: Spectorgroup
What are your predictions for your industry in 2022?
#BouncingForward is well underway on all cylinders for Spectorgroup in our various practices. We continue to evolve as a firm, always providing solutions to the daily challenges we face. Our priorities are to service our clients at the highest level of professionalism while maintaining a healthy workplace for our team members.
What is the best advice you received in 2021, and who was it from?
2021 remained a solution driven year to the challenges the profession continues to face. My good friend and client Jeff Weiner, CEO of Marcum, said to me, “While taking risks, always shoot holes in the boat above the water line. This way you won’t sink.” Calculated risk taking in 2021 will be rewarded well in 2022.
What was the biggest lesson you learned while working during the pandemic?
The pandemic taught us to be uniquely resourceful to service our clients; to take care of your own team professionally and personally; and to always be kind.
How has your working environment changed over the last year?
Like many others, we implemented a hybrid model of WFO WFA. Our profession thrives on personal, live communications. The virtual component is here to stay and now is being designed as a state of the art permanent fixture in the workplace.
What was your greatest professional accomplishment or most notable project, deal, or transaction in 2021?
Our greatest professional accomplishment is that the profession of architecture is now an essential element in the recovery of our great city and region. To contribute to the effort to return to the new normal is very personal. #BounceForward
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
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
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
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)