News: Spotlight Content

Erardi of Caruso Painting: Made best decision by joining Caruso

Name: Nancy Erardi Title: Principal Company Name: Caruso Painting Follow my company on Twitter @carusopainting What year did you start your career in commercial real estate: 1995 Follow me on Twitter @nancyerardi What recent transaction are you most proud of? One of the most recent significant transactions in my life was leaving the general contracting/construction management world to partner with Caruso Painting & Decorating, a painting subcontractor. This has been by far the best decision I have made for me and my future. This year Caruso Painting celebrates our 25th year anniversary servicing the NY Tri-State area interior and exterior painting needs. Who or what has been the strongest influence on your career and why? My family has been the strongest influence in my life and career. They taught me very early on that working hard, pays off. What time management strategies do you find to be the most effective for you? Stay focused, organized. What is your favorite quote? "Do what you love and you'll never work a day in your life"
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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
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Columns and Thought Leadership
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