News: Spotlight Content

2022 Year in Review: Joe Yacobellis, Mojo Stumer Associates

Joe Yacobellis
Senior Associate/Director of Design
Mojo Stumer Associates

What was your greatest professional accomplishment or most notable project, deal, or transaction in 2022? We had many great and notable accomplishments, but the most exciting might be some of our larger transit oriented development projects finally moving into construction. These projects take years to get off the ground as we navigate through municipal approvals, and this year two of our major projects, ‘301 Warner’ in Roslyn, and ‘The Rose’ in Great Neck, have broken ground and are underway. Very exciting to look toward the future of these transformative projects, and others we have not far behind.

What emerging trends will drive investment and development in 2023? We are definitely starting to see people worry about what the future holds, but across our client base, there is still a strong and consistent drive to hold up good design, and not to let economic factors sacrifice the quality of a project. When times are tight, we have to be more creative in finding ways to execute high quality architecture under stricter budgetary limits, but our clients are along for the ride and embrace the process–always allowing us to strive for the highest quality work.

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