What was your most notable project, deal or transaction of 2011?
A deal involving a supermarket lease where there was a termination with a prior supermarket lease involving multiple issues with the conflicting use and the early termination of the former supermarket to replace.
What was your greatest professional accomplishment in 2011?
No one single accomplishment in 2011, cumulative work on many transactions from sale lease buy backs, to purchases to ground leases. Greatest is effort to strive for more transactions for 2012.
What are your predictions for commercial real estate in 2012?
Predictions for 2012 would be irresponsible now, given the tenuous market, contracting employment base and others not represented in the unemployed whom just stopped working. I suspect we all learned to adapt to the past 3 years. we have learned from prior mistakes, with a precarious economy and lack of direction from our elected officials. Commercial real estate will survive and rebound, retailers will increase their market proficiency, brokers will adapt with the landlords and all increase their real estate acumen to rise to the occasion.
What are your resolutions for 2012?
To persevere, to increase our production with viable investments for our clients. to increase our focus on identifying the superior locations for the retailers to out position the competition. to continue expanding our commercial market availabilities and become more creative in the process for our clients to benefit in increases sales or the buyer can increase is ROI!.
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
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”.
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
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 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