News: Spotlight Content

Alex Getelman, Aragon Construction

Alex Getelman Aragon Construction What was your greatest professional accomplishment in 2010? : Aragon Celebrated 10 years in Business this year. It is a tremendous milestone for me and the firm. What was your most notable project, deal or transaction in 2010? After witnessing the disastrous 2009 recession when projects in New York City came to an immediate halt, Aragon rebounded in 2010 with over 120 completed projects. Aragon was fortunate to have booked and built several large scale projects including data centers and fortune 10 financial firms. Aragon also built over 60,000 s/f for the Mandell School on time and within budget. It was a great feeling watching 400 students arrive on their first day of school to a brand new facility. What predictions do you have for commercial real estate in 2011? From the buzz that I hear from the real estate brokers to the facilities managers, the confidence levels are definitely in a positive direction. There are a lot of bigger blocks of space being leased requiring full build-outs. Aragon has a strong backlog going into 2011 and we will strengthen and grow off that platform. What are some of your New Year's Resolutions? I am not a believer in resolutions. We are who we are!! I will continue to be a dedicated leader, distinct builder, great father and husband and a keep pushing everyone to their max capacity!!
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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
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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
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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
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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”.