News: Spotlight Content

Mortgage Bankers Association Leadership Profile: Mark Zurlini, Treasurer

Name: Mark Zurlini Title: Principal Company: Palisades Financial, LLC Location: Fort Lee, N.J. Birthplace: Tenafly, N.J. Family: Married 22 years to Polly; 2 daughters, ages 21 & 18; and son, age 15 College: BA, Economics and Accounting from Rutgers College, New Brunswick, N.J. First job outside of real estate: Laborer and heavy equipment operator for site contractor First job in real estate or allied field: Chase Manhattan Bank, management training program What are you doing now and what are you planning for the future? Palisades Financial has distinguished itself as a highly experienced and capable commercial real estate lender and advisory firm providing bridge, mezzanine and equity financing through its Palisades Regional Investment Funds. We are a buyer of distressed real estate debt and provide equity. Palisades is in the process of establishing our third real estate investment fund. Hobby: Golf Favorite book: "To Kill a Mockingbird" Favorite movie: "Apocalypse Now" Person you admire most (outside of family): Leonardo da Vinci Keys to success: Honesty, perseverance, adaptability
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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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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
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”.
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Oldies but goodies:  The value of long-term ownership in rent-stabilized assets - by Shallini Mehra

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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