News:
Spotlight Content
Posted: December 27, 2022
2022 Year in Review: Ryan Nelson, Turnbridge Equities
Managing Principal
Turnbridge Equities
What person, project, transaction or market trend had the greatest impact on your industry this year?
Increasing demand for efficient and reliable supply chain solutions is a trend greatly impacting the logistics/warehousing industry. As a heavily populated, dense area, New York was lacking an innovative last-mile logistics center. Turnbridge’s Bronx Logistics Center is the first-of-its-kind, driving the industry forward as a sustainable, invaluable asset.
What was your greatest professional accomplishment or most notable project, deal, or transaction in 2022?
This year, Turnbridge Equities celebrated the topping out of Bronx Logistics Center, the largest industrial development in New York City and a marquee asset I spearheaded to expand upon Turnbridge’s last-mile logistics portfolio. The project offers 585,000 s/f of class A space, equipped with 3 megawatts of solar panels.
What emerging trends will drive investment and development in 2023?
The industrial sector has great potential as the industry aims to steady the supply chain and meet accelerating demand in 2023. Bronx Logistics Center sets the trend in the NYC metro area, capitalizing on a sparse presence of comparable developments to provide a state-of-the-art solution to a high barrier-to-entry market.
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
.gif)
.jpg)
Columns and Thought Leadership
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
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
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)