News: Spotlight Content

Adelaide Polsinelli, Eastern Consolidated

Contact Name : Adelaide Polsinelli Company Name : Eastern Consolidated Email : [email protected] Phone : 646-658-7427 Fax : 212-257-7028 Address, City, State : 355 Lexington Avenue, New York , New York 10017 What was your greatest professional accomplishment in 2012? : joining the Eastern Consolidated all-star team of seasoned investment sales pros. Being affiliated with a firm that has a deep bench of talented brokers, stature in the industry on a local and national level, and a collaborative playing field, has given me opportunities i never expected, more than doubling my deal volume. Having been in the investment sales industry for over 26 years, allows me to appreciate how successful a broker can be doing what they love in a firm that embraces their entrepreneurial spirit. What was your most notable project, deal or transaction in 2012? : 2012 was one of my most successful years. Having sold over 20 deals this year, I also enjoyed a deep personal victory in the sale of the iconic "King of Greene Street" Building in Soho. after several unsuccessful deals, i was able to close the transaction where both sides left the table satisfied. What are your predictions for commercial real estate in 2013? : cap rates will further compress ,yet because of interest rates being so low, the market will be robust for 2013. this will be one of the most opportunistic markets ever. What are your resolutions for 2013? : Live every day with vigor and passion and enjoy the beauty in every moment
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