News: Brokerage

Forrest joins Statewide Abstract Corp. as deputy general counsel

Tracy Forrest

New York, NY Statewide Abstract Corp has added Tracy Forrest, Esq. to its roster of real estate professionals. “We are excited to bring Tracy on board,” says Statewide Abstract president Kenneth Meccia. “His 30-plus years of experience in the real estate industry make him a valuable asset to our team as well as our clients.”

“I am looking forward to joining an organization with such an outstanding reputation,” said Forrest. “I have been a real estate litigator for over 30 years which is adversarial by definition. While I succeeded at litigation, real estate transactions are better suited for my personality since I think my greatest asset is working with people to find common ground.”

Forrest specializes in residential and commercial landlord/tenant matters including trials, commercial litigation, and closings - as deputy general counsel he will be responsible for teaching Statewide’s CLE/CE programs as well as business development. In addition, he will provide legal advice to Statewide customers. 

Forrest spent the first 13 years of his career in private practice including a large landlord/tenant firm in New York City. He then joined the New York City Housing Authority (NYCHA) where he moved up the ranks over 20 years. For the last six years, he was division chief of the Landlord/Tenant Division with 20 lawyers and support staff. At NYCHA, Forrest was responsible for creating and presenting seminars where he lectured on housing court procedures to NYC judges and approximately 750 property managers and their staff. As division chief, Tracy was the point person for property managers regarding their legal needs. He was also hand-selected to be the Holdover Coordinator for the mayoral “Operation Safe Housing” program.

Forrest earned his juris doctorate degree from Brooklyn Law School in 1989 and a Bachelor of Arts in Political Science from the State University of New York at Binghamton in 1986. A lifetime resident of New York, Forrest grew up in Armonk and now lives in Hastings-On-Hudson with his wife and two children. He is also an avid tennis player and competes in USTA tournaments.

READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
Tri-state capital  migrates nationally amid  regulation pressure - by Reese Weaver

Tri-state capital migrates nationally amid regulation pressure - by Reese Weaver

New York tri-state multifamily investors are increasingly reallocating capital to less-regulated markets across the U.S. as rent control and legislative risk erode returns at home. With over 60% of New York City’s rental housing stock classified as rent-stabilized, the traditional value-add model — buying under-performing buildings,

The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

There was a time when an offering memorandum (OM) was pretty bare bones, some photos, a few bullet points on income, and a rent roll thrown in at the back. That used to get the job done. Not anymore. In 2025, buyers are sharper, faster, and more selective. They’re looking
A fresh start - by Shallini Mehra and Amit Doshi

A fresh start - by Shallini Mehra and Amit Doshi

For the past several years, the New York City multifamily housing market has been defined by disruption. The combined impact of the HSTPA rent laws and a sharply higher interest rate environment has fundamentally reduced
The anticipated effect of Basel III and ISO 20022 implementation on commercial real estate - by Michael Zysman

The anticipated effect of Basel III and ISO 20022 implementation on commercial real estate - by Michael Zysman

July 1, 2025 is the deadline for US banks to begin to adopt Basel III banking standards and July 14, 2025 is the deadline for U.S. banks to adopt ISO 20022 messaging standards. Both will have a significant effect on the banking and commercial real estate (CRE) finance sectors.