News: Spotlight Content

Professional Profile: Gregory O'Connell Jr. 2013

Name: Gregory O'Connell Jr. Title: Principal and CFO Company: The O'Connell Organization Location: Red Hook, Brooklyn, NY Birthplace: Long Island College Hospital, Brooklyn, NY Education: SUNY Geneseo First job outside of real estate: Bouncer at the Inn Between First job in real estate or allied field: Brick cleaner. What do you do now and what are you planning for the future? I oversee property management, finances, business development, marketing, and leasing for our real estate portfolio. We are restructuring our management operation and bringing our current properties to their full potential so that we can focus on new development. How do you unwind from a busy day in real estate? By taking my dog Sarge to Brooklyn Bridge Park. Favorite book or author: "Ulysses" Favorite movie: "The French Connection" Last song you purchased/downloaded? "Pound for Pound" by the Bad Plus. One word to describe your work environment: Chaotic. Rules to live by in business: Rather than learn from your own mistakes I'd recommend learning from others' mistakes. Saves time and energy. If you could invite one person to dinner (living or dead) who would it be and where would you go? Winston Churchill, Peter Luger's. What is your dream job? Chef.
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