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Year in Review 2018: Chuck Merritt, Merritt Environmental
December 18, 2018
What was your most notable project, deal, transaction or professional achievement in 2018?
Assisting in the removal of two large buried oil tanks that were leaking. The tanks were excavated and disposed of and the impacted soil remediated. Had the tanks continued to leak, groundwater would have been impacted causing a larger more expensive situation to correct.
Question of the Month: Opportunity Zones: What questions did the U.S. Treasury answer on October 19,...
December 18, 2018
Like most statutes, the Opportunity Zone (OZ) provisions of the 2017 Tax Cuts and Jobs Act, which have created such excitement in the real estate investment and development world, left many critical issues unresolved and questions unanswered, delegating to the U.S. Treasury the task of grappling with such issues and questions in regulations and rulings.
Year in Review 2018: Jessica Vail, The Falcon Group
December 18, 2018
What was your most notable project, deal, transaction or professional achievement in 2018?
In 2018, I was able to successfully implement an entire new website alongside new marketing print materials and brochures. This took a lot of coordination and collaboration with colleagues across different departments and offices as well as web and graphic designers.
Year in Review 2018: Jeffrey Beal, Real Estate Solutions
December 18, 2018
What was your most notable project, deal, transaction or professional achievement in 2018?
Condemnation appraisals for Fire Island homeowners.
Year in Review 2018: David Firestein, SCG Retail
December 18, 2018
What was your most notable project, deal, transaction or professional achievement in 2018?
Opening the Roastery for Starbucks on December 14.
Year in Review 2018: John Proscia, ACC Real Estate Services, Inc.
December 18, 2018
What was your most notable project, deal, transaction or professional achievement in 2018?
This year ACC was appointed as property manager for four large commercial office buildings that were placed into receivership. We managed the buildings from the appointment of the receivership to the sale of each building, and continue to manage two of the buildings post sale.
Year in Review 2018: Karen Scanna, Stroock & Stroock & Lavan LLP
December 18, 2018
What was your most notable project, deal, transaction or professional achievement in 2018?
I’m continuing to work on Essex Crossing in Manhattan’s Lower East Side, an almost 2 million s/f project that will include 1,000 new residences — more than half of which are affordable — along with retail and office space.
Year in Review 2018: Billy Procida, Procida Funding & Advisors, LLC
December 18, 2018
What was your most notable project, deal, transaction or professional achievement in 2018?
Our most notable project this year was the Philadelphia Metropolitan Opera House. Being able to restore a historic landmark so vital to a community was both economically and spiritually satisfying.
Year in Review 2018: Jason Gordon, AmTrust Title Insurance Co.
December 18, 2018
What was your most notable project, deal, transaction or professional achievement in 2018?
We insured several transactions exceeding $100 million in 2018, but most noteworthy was probably issuing the title policy for the Atlantis Resort in Bahamas for $1.8 billion.
Year in Review 2018: David Heymann, Meltzer, Lippe, Goldstein & Breitstone, LLP
December 18, 2018
What was your most notable project, deal, transaction or professional achievement in 2018?
Represented the owner of the property at 20 Times Square, New York, New York in connection with its $1.53 billion sale of the property.
Year in Review 2018: Nancy Erardi, NYCAN Builders
December 18, 2018
What was your most notable project, deal, transaction or professional achievement in 2018?
I am proud to say, we had a very active year. We had many exciting, challenging projects in 2018 all over New York City! We have an amazing growing clientele that we sincerely thank for their continued support.
Year in Review 2018: Jaimee Nardiello, Zetlin & De Chiara LLP
December 18, 2018
What was your most notable project, deal, transaction or professional achievement in 2018?
After a very lengthy arbitration, we won a very large award on behalf of one of our developer clients who was faced with construction defects and a defaulted contractor.
Year in Review 2018: Robert Khodadadian, Skyline Properties
December 18, 2018
What was your most notable project, deal, transaction or professional achievement in 2018?
Since inception Skyline Properties has prided itself on strictly off-market deals and our ability to efficiently and effectively customize canvass for our clients.
Year in Review 2018: Edward Nolan, Windels Marx Lane & Mittendorf, LLP
December 18, 2018
What was your most notable project, deal, transaction or professional achievement in 2018?
I represented a prominent real estate holding company in an IRC §1031 like-kind exchange, which involved: the purchase of a $10.5 million landmarked Manhattan property as a replacement property in a…
Year in Review 2018: Marie Zere, Zere Real Estate Services
December 18, 2018
What was your most notable project, deal, transaction or professional achievement in 2018?
The most notable project and transaction of the year was closing on a 36 MW solar project for a 109-acre solar farm for $14 million on Long Island, Suffolk County, Calverton, Town of Riverhead, NY. This new solar development is part of the largest solar portfolio in New York State.
Year in Review 2018: Mark Bahiri, Emerald Creek Capital
December 18, 2018
What was your most notable project, deal, transaction or professional achievement in 2018?
We closed sixty new loans this year which is a record for Emerald Creek. But what we’re most proud of is the fact that 25% of this year’s closings were to repeat borrowers.
Year in Review 2018: John Sorrenti, JRS Architect, P.C.
December 18, 2018
What was your most notable project, deal, transaction or professional achievement in 2018?
This year we were fortunate enough to design the new 36,000 s/f Corporate Headquarters for Hellen Keller Services in Brooklyn, NY.
Year in Review 2018: Barry Schmidt, Schmidt Construction Consulting
December 18, 2018
What was your most notable project, deal, transaction or professional achievement in 2018?
Starting two ground-up residential developments with two different developers was my most notable achievement in 2018.
Year in Review 2018: Jessica Richer, Hanna Commercial Real Estate
December 18, 2018
What was your most notable project, deal, transaction or professional achievement in 2018?
The most challenging deal this year involved a project that encountered unexpected environmental issues. We were able to negotiate terms to satisfy the buyer, seller and lenders and to close the transaction in the first half of 2018.
Year in Review 2018: Max Ralby, HKS Real Estate Advisors
December 18, 2018
What was your most notable project, deal, transaction or professional achievement in 2018?
One of my most notable transactions in 2018 was the closing of a $25 million (80% LTC) construction loan for a 134-unit affordable housing development in the Bronx.