News: Spotlight Content

Ron Lanzo, AFR Furniture Rental & Event Furnishings

What was your most notable project, deal or transaction in 2013? My most significant project of the year was undoubtedly, New Jersey City University. We did a swing space construction furniture rental for them at their Jersey City campus. Working with NJCU facility manager, Jose Santamaria, we did three buildings and multiple floors including the Bursar's Office. NJCU was able to use the GSA or General Services Administration contract which gave them a pre-negotiated contract price. What was your greatest professional accomplishment in 2013? I'd say my best professional accomplishment for 2013 was my contributions to IFMA's (International Facility Managers Association) Greater New York Chapter. I became more active in the monthly breakfast networking group as a committee co-chair as well as being named a director and member of the board of directors. What are your resolutions for 2014? For 2014 my biggest resolution is to be sure to get back into more "new business development" and to especially spend more time in the field in front of customers and potential customers where the true selling is done, on the street in the trenches! Social media, e-mails and even the telephone only go so far, you have to be visible and in front of customers to succeed in sales and increase your base business. What are your predictions for commercial real estate in 2014? I am not a commercial real estate professional, but from what I'm hearing from brokers that I network with and from what I've read in the business publications, New York especially Manhattan is once again hot. Prices per square foot in midtown are at new highs and the Financial District or Wall Street is smoking as well. The rumor mill also says that Brooklyn is now the growth Borough.
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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
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
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
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