News: Spotlight Content

Metro AI Leadership Profiles: Theresa Nygard, 1st Vice President

Name: Theresa Nygard Title: Senior Vice President Company: KTR Real Estate Advisors, LLC Location: 575 Lexington Ave., New York, NY 10022 Birthplace: Albuquerque, New Mexico Family: Married Tom Pratt, two kids: Josie, 24 and Andy 20 College: Mount Holyoke College, BA; Columbia University, MA First job outside of real estate: Worked in slide library at Mount Holyoke College Art Department First job in real estate or allied field: Started as a clerk for Ralph Marx who had a primarily tax certiorari appraisal practice What do you do now and what are you planning for the future? Appraisal (national, but with a local focus). My focus is appraisal in litigation situations, land valuation, complex zoning issues, transferable development rights. For the future, more of the same. Hobbies: Reading, running (slowly), art museums Favorite book: "The Namesake," Jhumpa Lahiri; "The Curious Incident of the Dog in the Night-Time," Mark Haddon; "Case Histories," Kate Atkinson, and many others Favorite movie: "Charade" Person you admire most (outside of family): Oprah Keys to success: Curiosity and genuine interest in what I am doing combined with a love of New York City and a little bit of obsessive compulsive tendencies If you had to choose another vocation what would it be? Teaching
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
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
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