News: Spotlight Content

ACC Construction celebrates its strong women in construction: Medaglia, Erardi, Kravitz and Osso

ACC Construction has been a certified woman-owned company for 17 years. With dynamic leader and CEO Michele Medaglia at its helm, ACC has been successful in building its business and reputation through delivering good product, client and industry networks, savvy editorial coverage and actively pursuing clients for corporate, retail, healthcare and educational work. In the past two years the firm has enjoyed healthy growth, building corporate interiors, healthcare and retail projects throughout the city. Even with success and growth, Medaglia is constantly working to raise the bar even higher at ACC. Until recently, having a female owner was enough of a credential to ensure a WBE status, and that has been helpful to ACC Construction as well as to many registered WBEs in real estate, design and construction. But ACC has found that whereas in years past the pool of potential employees in the construction industry was almost entirely male, it is now much more balanced in terms of men and women. Medaglia has been hiring the best qualified candidates for several key positions; now she finds herself leading a company that has a significant core of women as senior managers. Several years ago Nancy Erardi joined ACC Construction as an account executive. Erardi had spent 13 years in the construction industry, and had longstanding relationships with several large corporate clients and real estate owners. Since that time Erardi has been promoted to director of business development and then senior managing director; she now cultivates existing as well as new client relationships, and she is part of the senior management staff of the firm. Stefanie Kravitz, ACC's director of administration, has a long record of effective project management and administration across several industries. Her broad experience in finance, legal, information technology and production has transferred seamlessly to ACC, where she is responsible for overseeing facilities, human resources, information technology and office administration. Adding to this group is Jennifer Osso, controller, who has a stellar reputation and longevity in the construction industry. Osso has spent her entire career in construction finance; she oversees that department at ACC with meticulous attention and balance. "Most of our project managers and superintendents are men," said Medaglia. "But in the senior ranks of ACC, women find themselves 100% equal to the men here, and over time, women will be even more represented in the trades, in the unions and on ACC's construction sites. It's wonderful to continue to be part of this transformation."
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
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
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”.
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