News: Spotlight Content

Professional Profile: Michael Ferrara 2015

Name: Michael Ferrara Title: Senior Director Company: Highcap Group LLC Location: 425 5th Ave., Suite 505 - New York, N.Y. Birthplace: Brooklyn, N.Y. Education: Indiana University (B.S.) First job outside of real estate: Cashier at Sam Goody - 15 years old First job in real estate or allied field: Investment Sales Associate at Sutton & Edwards Inc., a real estate brokerage firm What do you do now and what are you planning for the future? I focus on mixed-use, multifamily, development, retail and office properties and match clients for their acquisition and/or disposition of real property. Continue building more relationships and working hard for my clients. How do you unwind from a busy day in real estate? Go to the gym Favorite movie: "My Cousin Vinny" or "My Blue Heaven "- tough to choose one! Last song you purchased/downloaded? X Ambassadors - "Renegades" Rules to live by in business: Be honest, be respectful & work smart. Relationships are everything. What is your dream job? (something other than your current job): International luxury hotel critic.
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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
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
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