News: Spotlight Content

Karen Dome of Marcus & Millichap

What are your predictions for commercial real estate in 2012? Commercial real estate will continue to be a safe haven for domestic/international investors. The returns will be higher than those offered by the banks and safer than stocks. With the combo of a stable government and well-managed stock market, the U.S., even during an election year, will remain the "gold standard" for investors. What was your greatest professional accomplishment in 2011? As president of NYCREW, I had the pleasure of working with an extraordinary leadership team. Throughout the year, we hosted an exciting slate of educational and entertaining events to facilitate networking and relationship-building among our members and guests. The year culminated with our most successful event ever, the 10th Anniversary Celebration and Holiday Gala. What was your most notable project, deal or transaction in 2011? I am quite proud of hosting this year's holiday gala. With the help of several committees, we managed every detail, from fundraising, working with the venue, sponsorship, honoree selection to the marketing and promotions. The event received an enthusiastic response. It sold out to a standing room only crowd. We enjoyed a wonderful evening celebrating the achievements of past and present. What are your resolutions for 2012? Professionally, I look forward to moving NYCREW and its members closer to our mission of achieving empowerment and success in commercial real estate, through a series of carefully-planned networking events and forums. Personally, like every working mother, I'm always striving to create a better balance between my career at Marcus & Millichap, NYCREW, charity work and the needs of my eight year old and two year old twins. As they say, "Easier said than done." # # #
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
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
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
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
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”.