News:
Spotlight Content
Posted: February 22, 2010
Decade Answers: David Schlamm
David Schlamm is the CEO / Founder of City Connections Realty, Inc., New York, N.Y.
What was one of your corporate or career highlights of the decade?
My most memorable career experience was the opening of our current office and implementing a whole new business model to the Manhattan brokerage community. We now have over 120 brokers/staff members and we participate in every aspect of commercial and residential brokerage under our 90% of the splits, 100% of the services business model!
What are your predictions for commercial real estate in the new decade?
With this recent economic downturn comes a cleansing process. During an "up or heated market," it was relatively easy for a broker to complete a transaction. Going forward, today's brokers must be better educated/trained, more innovative and really put in the time/work needed. It may not be "in" or so popular to get into real estate brokerage right now, but I see that as a good thing as we need serious, career-minded, educated and ethical brokers now more than ever.
Tags:
Spotlight Content
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
.png)
Quick Hits
.gif)
.jpg)
Columns and Thought Leadership
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
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
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 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
.gif)