According to Nautilus Consulting, Peter Cosmai has joined the firm as senior project manager. With more than 18 years of construction experience, Cosmai has honed his ability to analyze project documentation to determine entitlement and responsibility for project delay and its resultant impact on cost and schedule. As a result of his analysis, Cosmai regularly offers guidance to clients on what actions to consider in order to improve their position in a claim situation.
Cosmai's dispute resolution experience includes litigation support along with expert analysis on issues such as delay, acceleration, inefficiency, differing site conditions, severe weather and change order review. His expert reports and supporting exhibits have been instrumental at numerous mediation and arbitration hearings in obtaining a favorable settlement for his clients.
Prior to joining Nautilus, Cosmai was team leader in the NYC office of the construction litigation group at URS Corporation.
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
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”.
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
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
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