News: Spotlight Content

Sarah Berman, The Berman Group, Inc.

Contact Name : Sarah Berman Company Name : The Berman Group, Inc. Email : [email protected] Phone : (212) 450-7300 Fax : (212) 450-7301 Address, City, State : 380 Lexington Avenue, 19th Floor, New York, NY 10168 What was your greatest professional accomplishment in 2012? : This year, our firm was fortunate to win the management account for Urban Land Institute's New York District Council. ULI is a large, prestigious development organization with over 3,000 members in the New York region. Having earned two degrees in Urban Planning, working with ULI has been incredibly rewarding for me so far. What was your most notable project, deal or transaction in 2012? : Following Hurricane Sandy, The Berman Group utilized our technical expertise to quickly build the Rapid Repair contractor sign-up web portal for the City of New York and FEMA. This portal served to expedite relief efforts by helping City agencies select and mobilize contractors to aid New York City's hardest-hit areas. What are your predictions for commercial real estate in 2013? : New developments are on the horizon. Our firm is marketing a number of commercial and residential developments in neighborhoods positioned for rapid growth in the coming year, including the historic H&H Bagel factory located in Manhattan's up-and-coming Far West Side. We have high hopes that New York City's commercial real estate industry will thrive in 2013. What are your resolutions for 2013? : In the coming year, The Berman Group will continue to encourage the real estate and development industry to integrate cutting-edge technologies to drive business growth. Many of our clients have embraced new technology initiatives, such as creating custom Apps, to redefine the way they communicate, network and market their companies.
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
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
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
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”.
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