News:
Spotlight Content
Posted: December 26, 2011
John Rynne of Rynne, Murphy & Associates
What was your greatest professional accomplishment in 2011?
This is my 30th anniversary in business. Previous to that time I worked for four companies over a period of eight years and gained valuable experience. On my first day of business in March, 1981, President Reagan was shot and interest rates were at 16-18%. Those were challenging times. If I could survive that; there was nothing I couldn't survive.
What was your most notable project, deal or transaction in 2011?
There were a number of mixed use projects we appraised or completed market studies on throughout Upstate New York which were high profile assignments.
What are your predictions for commercial real estate in 2012?
There will be an increase in interest rates late in 2012 with some continued stability in general residential, commercial, industrial real estate. However, if it looks like there could be a change in the White House, the national commercial and industrial real estate market will begin to surge.
What are your resolutions for 2012?
I'm going to bet $100 in Las Vegas again on the Buffalo Bills winning the Super Bowl. Good Luck!
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)
Quick Hits
.jpg)
Columns and Thought Leadership
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
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
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
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”.
.gif)