News: Spotlight Content

Professional Profile: Judy Seil, 2014

Name: Judy Seil Title: Director of Planning and Development Company: Monroe County Location: Rochester N.Y. Birthplace: Massena N.Y. Education: Nazareth College First job outside of real estate: Banking First job in real estate or allied field: Economic Development (23 years ago...my youngest was 6 weeks old) What do you do now and what are you planning for the future? Work to bring more companies to Monroe County and assist those companies here that are growing. How do you unwind from a busy day in real estate? Work out! Favorite book or author: "To Kill A Mockingbird" Favorite movie: "For the Love of the Game" Last song you purchased/downloaded? Listen to Pandora! One word to describe your work environment: Rewarding Rules to live by in business: Do unto to others! If you could invite one person to dinner (living or dead) who would it be and where would you go? Jackie Kennedy, Hyannis Port What is your dream job? GM for the New York Yankees
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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
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
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
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