News:
Spotlight Content
Posted: February 27, 2024
2024 Ones to Watch Rising Stars: Douglas Hoffmann, Hunton Andrews Kurth LLP
“Building relationships has been key, and Doug has proven himself a trusted advisor to the real estate industry. In just the past year, Doug has advised on deals valued at almost $1 billion in NYC and around the country, each of which required significant commercial creativity given the challenging market conditions.” - Amanda McGrain, Sr. Business Development Manager at Hunton Andrews Kurth LLP.
How do you balance your rising career with your personal life? Work/life balance is easier when you love what you do! Living and working in NYC, real estate is a career, passion, (at times) a sport, and ultimately a part of the fabric of life. Being able to draw on experiences from my personal life in my career and vice versa, I’ve found harmony between the two.
Beyond your professional achievements, what are some of your passions or hobbies? I’m involved in several nonprofit and charitable organizations, including Project Destined and I serve on the board of directors of Aging in America, an elder care not-for-profit organization dedicated to providing individuals, families and caregivers the assistance they need to live, work and remain a vital part of their communities as they age.
Who are the key people in your life that have contributed to your success? The greatest good fortune of my career has been to work with my fellow real estate partners, each of whom has been a mentor to me, and are some of the smartest and most commercially-minded lawyers in NYC—Laurie Grasso, Carl Schwartz, and Matt Scoville.
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)
Quick Hits
.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
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”.
.gif)