News: Spotlight Content

Curley of Cresa Albany discusses first job experience

Name: Tara Curley Title: Principal Company Name: Cresa Albany Years in Commercial Real Estate: 9 Email: [email protected] In the last 12 months, which project, transaction, honor or accomplishment are you most proud of and why? I first entered this industry as a real estate investor. My broker that I used when investing back then recently came into our office to discuss more sophisticated strategies for his portfolio. I couldn't have been more honored. What were your biggest fears when you started out in your profession? That I wouldn't be taken seriously. What was your first job and what did you learn from it? I was hired at 15 years old by an answering service, and sat at one of those old school pegs-on-a-cord phone cabinets. I learned the power of superior phone etiquette and capturing as much correct information as possible in a short amount of time. I use this skill every day. What is your favorite quote? "You miss 100% of the shots you don't take." - Wayne Gretzky
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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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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
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
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”.
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