News:
Spotlight Content
Posted: December 26, 2011
Eric Alexander of Vision LI
What are your predictions for commercial real estate in 2012?
Retail and office space will find paths to success in downtown centers. The regional barriers and roadblocks to projects will begin to ease over the course of the year.
What was your greatest professional accomplishment in 2011?
Passage of the NYS Complete Streets law which will make Long Island roads safer for pedestrians, bicyclists, disabled, young and older folks.
What was your most notable project, deal or transaction in 2011? The rise of Transit Oriented Development and downtown infill projects that have emerged across Long Island as a economically viable and increasingly public accepted development form. Over 800 units of this type of housing were approved in 2011 to add to the 4,100 units over the prior five years.
What are your resolutions for 2012?
Reach out to constituencies that have been slow to embrace the smart growth movement. Strengthen the projects and great places that are planned and in development. Break down the persistent federal, state and county barriers to downtown infill and new town center development. On a personal note write at least one new song with my band.
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
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)