News: Spotlight Content

GBC to honor Build New York award winners in October

A new county Judicial Center, built in a busy downtown area; the largest recreational facility ever built in a New York City park; an abandoned industrial building transformed into a new high school; a boathouse designed by a world-famous architect; a major renovation of a college library. These are the winners of the 2008 GBC Build New York Awards, who were selected recently by an 11 member jury. They will be honored during a gala awards presentation in October at the WILD Center in Tupper Lake, New York (2007 Winner). Our congratulations to: BBL Construction Services, LLC Albany County Judicial Center, Albany Bovis Lend Lease LMB, Inc. Flushing Meadows Corona Park Natatorium and Ice Rink, Flushing Leon D. DeMatteis Construction Corporation Bathgate High School Educational Complex, Bronx Lehigh Construction Group, Inc. Frank Lloyd Wright's Rowing Boathouse, Buffalo The Pike Company, Inc. Rehabilitation of Mann Library, Cornell University, Ithaca
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Columns and Thought Leadership
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”.
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