News: Spotlight Content

2024 Women in Construction: Lorraine Reidy,
Reidy Contracting Group

Lorraine Reidy
Owner, CEO, CFO
Reidy Contracting Group

“Lorraine Reidy’s role as owner, chief executive officer and chief financial officer of Reidy Contracting Group is truly inspiring. In an industry historically dominated by men, her leadership and financial acumen set a powerful example. Not only does she run the company with grace, but she also competes effectively, keeping Reidy Contracting Group at the forefront of the industry. Her achievements highlight the importance of diversity and inclusion in business leadership.” - Kristen D’Aquino, Human Resources Manager at Reidy Contracting Group.

What is your favorite building in New York? The Chrysler Building holds a special place in my heart. Before founding RCG, my office overlooked it. From rural Ireland, where I saw the city in movies, to now looking at it over my desk, I sometimes had to pinch myself. Additionally, I love it because you get a perfect view from our newly finished American Express Lounge in One Vanderbilt, a project RCG is extremely proud of.

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
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
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”.
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