News:
Spotlight Content
Posted: February 22, 2010
Decade Answers: Roger Delisle
Roger Delisle Jr. is the managing director for Island Associates Real Estate Inc., Smithtown, N.Y.
What was one of your corporate or career highlights of the decade?
I cannot state one event, but cumulatively, a myriad of events will define the decade. From the rising market of early 2000s where cap rates of 9-10% were the norm, to where the market was appreciating 10-15% annually for some investors/sellers delight. Now I am dating myself in early 2000's to the heating up of the market with 5% capitalization rates (which I struggled to comprehend). Following the expansive market and tenants insatiable appetite for more space, pushing rents up beyond one's coherent comprehension where the market has been contracting for the past three years.
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)
.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)