News:
Spotlight Content
Posted: May 16, 2023
2023 Ones to Watch Rising Stars: Scott Hovanyetz, Katten
Partner
Katten
Number of years at firm: 9
One thing on my bucket list: Learn to speak Italian.
When I am not working, I am: Spending time with my family.
What recent project, transaction or accomplishment are you most proud of? Katten represented a real estate private equity firm in the acquisition of a controlling equity interest in a 55-story trophy office tower valued at more than $1 billion. The extremely complex transaction was a high-pressure deal for experienced real estate professionals who had recently started a new company and were looking for a major transaction to put them on the map. I navigated all the moving pieces while negotiating the terms of the equity purchase and dealing with impending rate increases. Despite the challenges, we achieved a timely closing and a hugely successful outcome for our client.
What makes this nominee a RISING STAR?
“Scott is a leading attorney with strong substantive skills – both on debt and equity matters—that clients rely on and trust. He functioned at an advanced level long before his recent promotion to partner. Scott is an obvious choice as an up-and-comer within both Katten and the real estate industry.” - Scott Vetri, Partner & Chair, New York Real Estate Department at Katten
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)
.jpg)
Columns and Thought Leadership
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”.
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
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)