What was your greatest professional accomplishment in 2011?
Representing the RACER Trust, in aspects of General Motors' bankruptcy, and RACER's acquisition of GM's portfolio of environmentally or economically distressed properties, comprised of over 25 million s/f of former prime GM industrial plants and facilities in 14 states. I was initially asked to lead RACER's acquisition, thereby enabling GM to emerge from bankruptcy, but have continued to work with RACER's redevelopment and operational teams, assisting them in their site redevelopment, repositioning and resale efforts, as well as a number of other advisory functions. RACER is counting on strong partnerships with local and state leaders and economic development professionals in each community to achieve solutions that will spur economic development and create jobs. I am thrilled to be part of fulfilling that mission.
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
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”.
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
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