News: Spotlight Content

2023 Women in Construction: Lori Panessa, EW Howell Construction Group

Lori Panessa, CPA 
Controller
EW Howell Construction Group

What was a pivotal point in your career? I started my career working for the NYC District Council of Carpenters Benefit Funds as an auditor. After passing my NYS Certified Public Accountant exam I went to work in public accounting and later in the financial services industry. It wasn’t until I accepted a position as the controller for a general contractor that I realized that I was in the industry I loved the most, construction. I enjoy the financial details of the projects and seeing the job at completion. I also enjoy the complexity of the reporting. My husband also works in the construction industry, which makes conversations about work of mutual interest. 

What is your favorite building in New York? My favorite building in Manhattan is Grand Central Terminal. The architecture inside and outside the terminal is magnificent. It’s like a museum or even a Greek temple. There are so many great areas of Grand Central, but the main concourse is a must see. The huge windows, high ceiling with paintings of constellations and it even has fiber optic lighting for the twinkling stars. The theme of the entire terminal is travel, commerce and speed. The hustle and bustle make it an exciting place to visit or pass through on your way up north. 

Many movies and television shows have been filmed in Grand Central including Men in Black, Midnight Run and The Fisher King

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
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
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