News:
Spotlight Content
Posted: December 22, 2014
Mindy Wolfle, Vishnick McGovern Milizio LLP
What was the best thing that happened to you or your firm in 2014?
On a personal/professional level, the best thing that happened to me in 2014 was joining Vishnick McGovern Milizio LLP as the firm's chief marketing officer.
On a firm wide level, expanding into New York City was a great achievement during 2014. Being able to serve our clients on both Long Island and in NYC is an invaluable asset for the firm.
What was your most notable project, deal, transaction or personal achievement in 2014?
The firm's Estate Litigation Practice Group is involved in the litigation of an estate involving $50 million in real estate in Manhattan, Texas and other states, with regard to the determination of interest, continuation of entities, profits and income emanating from each of the entities. It will be a number of years until the matter is totally litigated and brought to resolution.
What are you looking forward to accomplishing in 2015?
Vishnick McGovern Milizio LLP in the process of rolling out the firm's Exit Planning Practice Group, which will be completed in early 2015. These services will provide clients with the time and resources needed to accomplish an economically feasible plan...one that works best for the client and those who succeed him or her in their business.
What are some of your real estate predictions for 2015?
All indicators point to a healthier home purchase market in 2015. The Ability-to-Repay rule, implemented in January 2014 (describing certain minimum requirements for creditors making ability-to-repay determinations), should have a positive effect on home buying in 2015, reducing the number of foreclosures, ensuring greater economic stability and maintaining property values in residential neighborhoods.
Tags:
Spotlight Content
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
.png)
Quick Hits
.jpg)
Columns and Thought Leadership
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
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
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”.
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
.gif)