News: Spotlight Content

Laurence Ross of Highcap Group

What are your resolutions for 2012? Continue building up the Highcap brand and add agressive hardworking sales agents to our team. Honesty and integrity creates longevity in this industry, which we will always continue to maintain. What was your greatest professional accomplishment in 2011? As a co-founder and managing principal of Highcap Group we made our presence known and established ourselves as a force to be reckoned with in the industry. Leveraging our long standing relationships and good name in the real estate community we are on pace for one of our best years to date. What was your most notable project, deal or transaction in 2011? Most notable transactions were the sale of the hightly sought after note on the Crescent Club in Long Island City (par value was $48 million) and a prime West Village mixed-use portfolio on Christopher and Cornelia Streets which sold for over $32 million. What are your predictions for commercial real estate in 2012? The market is on pace to resume some sense of normalcy as all the bad stuff gets flushed out of the system. Getting back to basic fundamentals is important in any market resurgence which seems to be where we are and headed.
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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
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
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
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