News: Spotlight Content

25 Year Anniversary Q&A: Thomas Kearns

Name: Thomas Kearns Title: Partner Company Name: Olshan Frome Wolosky LLP Q: The approximate number of years you have been a subscriber and/or how the NYREJ has been a benefit to you and/or your business: A: Not sure exactly but feels like about 5 years. Q: The approximate year you discovered the NYREJ and what business you were in at the time: A: Partner at Olshan Frome Wolosky LLP, a NYC law firm. Q: Your most memorable or favorite "15 minutes of fame" in the NYREJ: A: NYREJ did a thorough front page piece on the deal I handled for the bankruptcy sale of the Upper East Side Marriott Courtyard to Robert Johnson's company. It was accompanied by my picture and my colleagues pictures - NYREJ instantly became my favorite CRE industry publication!
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”.
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
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
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