News: Spotlight Content

Lindland and Keefe of HK Group completes sale of Mt. Kisco Holiday Inn for $8.5 million

David Lindland and Matthew Keefe of HK Group were the sole brokers for the sale of the Mt. Kisco Holiday Inn to a New Hampshire LLC for $8.5 million. The seller was Kisco Motel Associates of Florida. The building consists of a two-story, 65,000 s/f, 122 guest room hotel with parking lot, landscaping and other exterior improvements located at One Holiday Inn Dr. The sale represents increasing interest and improvements in the hospitality market. The hospitality market has come a long way back from its low point of 2008 - 2009. HK Group is a full service commercial real estate firm started in 1988. It has grown from a local Westport business to one which today encompasses an operating area of New York, Connecticut and New Jersey.
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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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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