News: Spotlight Content

GBC presents Build New York and Safety Excellence Awards - Oct. 4

Build NY & Safety Excellence Awards Presented On Saturday, October 4 about 100 members and friends of the association convened in the Adirondacks to present Build New York and Safety Excellence Awards to a number of members. Our congratulations again to the winners! One of last year's winners, the beautiful Wild Center in Tupper Lake, provided a wonderful venue for the awards presentation. Read more about The Wild Center at www.wildcenter.org and learn why it became a Build New York Award winner. Mother Nature cooperated during the weekend with some spectacular fall foliage. Our thanks to her, and to the sponsors whose support helped make the event possible: Barr & Barr, Inc. Couch White, LLP B.R. Fries & Associates Iannelli Construction Co., Inc. The McKissack Group Purcell Construction Turner Construction Company
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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
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
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
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
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”.