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New York City Real Estate Expo Energy Seminar Profile: Tom Torre, Panelist

Name: Tom Torre Title: CFO & Vice President Company: METRO Fuel Oil Corp. Location: Brooklyn, N.Y. Birthplace: New York, N.Y. Family: Son, Thomas Jr.; daughter, Nicole College: St. John's University First job outside of real estate: Sold pretzels as a 10 year old First job in real estate or allied field: CPA at Pete Marwick What do you do now and what are you planning for the future? METRO supplies and delivers bioheat, biodiesel, heating fuel, ultra low sulfur diesel fuel, natural gas and gasoline throughout the New York Metropolitan area and Long Island. Scheduled to open in First Quarter 2012, METRO is building one of the largest state-of-the-art advanced biodiesel production facilities in North America, adjacent to our Brooklyn location. Hobbies: Tennis, watching sports, reading, playing with my dog, being with friends and family Favorite book: "The Last Kingdom" by Bernard Cornwell Favorite movie: "American Beauty" Person you admire most (outside of family): Any self-made individual Keys to success: Work hard, but enjoy it so it doesn't feel like work. If you had to choose another vocation what would it be? Dog walker
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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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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
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”.
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
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