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!.
Queens, NY Asset CRG Advisors brokered one of the largest Opportunity Zone development sales in the country — a transformative site in the heart of downtown Jamaica. Managing partners Yuriy Ustoyev and Sadya Liberow represented both buyer and seller in the $59.7 million transaction
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”.
Adaptive reuse has become one of the most important conversations in commercial real estate today. Long Island has a large inventory of aging retail, office and industrial
Merritt Environmental Consulting Corp. (MECC) was established in June of 2009 after being part of a larger engineering firm for almost 20 years. The focus of the company is to assist lending institutions, attorneys, real estate investors, and property owners with environmental concerns. Today, MECC has offices in New York, Florida, and Vermont and has grown into a regional consulting firm serving clients along the East Coast.
The Long Island Board of Realtors (LIBOR) Commercial Network continues to play a key role in advancing opportunities and strengthening the commercial real estate landscape across Queens. Through targeted programming and global outreach