News:
Spotlight Content
Posted: February 22, 2010
Decade Answers: Michael Edery
Michael Edery is managing member and founder at Paradigm Commercial RE,LLC, Cedarhurst, N.Y.
What are your predictions for commercial real estate in the new decade?
Founded in December 1999 as Paradigm Funding Group, Paradigm has grown from a modest operation serving the tri-state area, to a nationally recognized firm. Like many of Paradigm's peers, over this past decade, Paradigm has closed deals of varying natures, with varying lenders all across the capital stack; mezzanine loans, CMBS loans, balance sheet loans, preferred equity etc. Equally as diverse, were the properties financed; skilled nursing and assisted living facilities, multifamily complexes, mobile home parks, industrial, etc. In addition to financing, Paradigm has brokered the sale of thousands of residential apartments, as well as many tens of thousands of retail and commercial s/f. In looking forward to the next decade of service, Paradigm looks back to draw upon their experience and history, to create a successful business model for the future.
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)
.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
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
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”.
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
.gif)