News: Spotlight Content

Professional Profile: Michael Moriarty 2013

Name: Michael Moriarty Title: Partner, Member of Windels Marx's Executive Committee Company: Windels Marx Lane & Mittendorf, LLP Location: 156 West 56th Street, New York, NY Birthplace: New York City Education: J.D., American University Washington College of Law, 1983, B.A., with honors, Stony Brook University, 1980 First job outside of real estate: McDonalds First job in real estate or allied field: A small private developer that privatized a series of public housing projects. The properties proved to be very difficult to acquire and finance. Great learning experience. What do you do now and what are you planning for the future? I wear many hats in my law practice. I represent foreign and domestic banks and other lending institutions in lending transactions, as well as loan restructurings, workouts, foreclosures and other asset recovery matters. I also represent for-profit and not-for-profit housing developers and operators of assisted living and independent senior citizen housing communities, as well as skilled nursing facilities. In addition to the practice of law, I lead the corporate department and also serve on the firm's executive committee. How do you unwind from a busy day in real estate? I have four children under the age of 18, so time with family is worth its weight in gold. Current book or author: "Second Sons" by David Relin, the true story of two ophthalmologists who have dedicated their lives to restoring the sight of thousands of poor blind people throughout the world. A truly inspiring story. Favorite movie: "Saving Private Ryan" One word to describe your work environment: Innovative. Rules to live by in business: I like the golden rule of treating others as you would like to be treated. What is your dream job? I genuinely enjoy representing not-for-profit clients who are committed to enhancing the lives and communities they serve. I chair the board of a small scholarship middle school that educates at risk young men from largely immigrant communities. The program changes lives and puts kids on track to go to college. My goal is to transition more of my time into that educational effort.
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
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
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”.