News: Spotlight Content

Ella Bereznitsky, Ellana, Inc.

Name: Ella Bereznitsky Title: President Company/firm: Ellana, Inc. Years with company/firm: 1998 Years in field: Over 20 Years in real estate industry: 15 Address: 40 Exchange Place, Suite 1904, New York, NY 10005 Telephone: (212) 971-0936 Email: [email protected] URL: www.ellana.net Real estate organizations / affiliations: What was your greatest professional accomplishment in 2010? 2010 saw quite the sea change for Ellana, Inc. We set off the year by opening a new satellite office in Morristown, N.J., and rang in September with another satellite opening in Boston. On the non-geographic front, we took our cost estimating and project controls operations to another level, successfully expanding into owner's representation services and "prime consultation." With our new outposts and broader array of services offered, our hopes for 2011 are high indeed.
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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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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
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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