Matthew Kilty, Trinity Building + Construction Mgmt. Corp.
What was the best thing that happened to you or your firm in 2014?
In 2014 we opened our Albany, NY satellite office which was an exciting milestone for Trinity. Our staff there is focused on Trinity's expansion into the multifamily market that was also new this year.
What was your most notable project, deal, transaction or personal achievement in 2014?
It would be two things. The first would be seeing our business development plan come to fruition and the second would be the growth and success of our incredible staff in all three offices.
What are you looking forward to accomplishing in 2015?
In 2015 we look forward to gaining market share in our corporate interiors group while continuing to expand our New York office and presence there.
What are some of your real estate predictions for 2015?
* Rising office rents due to lower stock and competition from assets being converted to residential use
* Increase in suburban activity
* Uptick in short term interest rates
* Rising cost of skilled labor and potential shortage in the late summer.
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
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
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
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
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”.