News: Spotlight Content

Lawrence of HAP excited for new development projects

Name: Andrea Lawrence Title: General Counsel Company Name: HAP Investments LLC Years in Commercial Real Estate: 20 In the last 12 months, which project, transaction, honor or accomplishment are you most proud of and why? I am very proud of a series of transactions that I participated in at HAP Investments this past year. We have acquired three parcels of land - two in Harlem and one in Chelsea - and have very exciting development plans for each of these parcels. All three projects will be residential developments with a commercial/retail component. Our Chelsea project, which will contain luxury condominiums, will boast a fresh and innovative design. What were your biggest fears when you started out in your profession? I started out practicing law in the midst of an economic depression in the mid-1990s. At that time, I took the first job that I could get (which included, among others, representing clients in charged with traffic offenses in court), and was afraid that I would be pigeonholed in an area of law that I did not particularly enjoy. Fortunately, that did not happen. What is your favorite quote? "Discipline is the bridge between goals and accomplishment." - Jim Rohn Who are three women- living or dead - that you would like to have drinks with and why? Sandra Day O'Conner, who was the first female appointed to the United States Supreme Court, because I think that she is brilliant and inspirational; Jane Austen, because I love her novels; and Tina Fey, because she is a comedic genius and seems like a truly fun person to chat with over drinks. What is your favorite quote? "Discipline is the bridge between goals and accomplishment." Jim Rohn
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
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
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”.