Name: Kenneth Franasiak
Title: President and CEO
Company: Calamar
Location: Wheatfield, N.Y.
Birthplace and year: Wheatfield, N.Y., 1968
Family: Wife, Donna; 2 sons: Adam, 4 1/2, Ian, 2
College: Radford University, Virginia
First job outside of real estate: Landscaping
First job in real estate or allied field: Working with my grandfather in real estate, then started Calamar
What do you do now and what are you planning for the future? Full service real estate organization with divisions in construction, development and asset management for all of western New York and southern Ontario. Future plans include international expansion of our operations.
Hobbies: Coaching my son's hockey, boating and hunting
Favorite book: "Atlas Shrugged" by Ayn Rand
Favorite movie: "Wall Street"
Persons you admire most (outside of family): Albert Ratner, Forest City Group
Key to success: Having a great management team
If you had to choose another vocation what would it be? Investment banker
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
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
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
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
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”.