News:
Spotlight Content
Posted: April 21, 2014
Professional Profile: Theresa Garelli, 2014
Name: Theresa Garelli
Title: Senior Vice President & National Underwriting Counsel
Company: Sutton Alliance
Location: Valley Stream, New York
Birthplace: Long Beach, CA
Education: JD, Nova Southeastern University, BA International Business, Italian & Spanish, Florida State U.
First job outside of real estate: Travel Agent, Liberty Travel
First job in real estate or allied field: Law Clerk, Florida
What do you do now and what are you planning for the future? I work on New York national and international commercial real estate transactions, structuring, facilitating and insuring the purchases and mortgage finance transactions. I plan to continue to build my client base in the commercial real estate and title insurance industries, and to continue teaching Title Insurance at New York Law School's Real Estate L.L.M. program as well as other university programs.
How do you unwind from a busy day in real estate? Spending time with friends and family enjoying good wine and a homemade dinner.
Favorite book or author: "Ken Follett," Pillars of the Earth
Favorite movie: "White Christmas"
Last song you purchased/downloaded? "Happy" by Pharrell Williams
One word to describe your work environment: Client-centric.
Rules to live by in business: Your reputation for honesty and integrity is paramount. It's a small world and life is long. Preserve relationships.
If you could invite one person to dinner (living or dead) who would it be and where would you go? Margaret Thatcher. My dining room table.
What is your dream job? To work on large international mixed-use real estate transactions that would involve foreign travel.
Tags:
Spotlight Content
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
.png)
Quick Hits
.jpg)
Columns and Thought Leadership
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
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
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
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
.gif)