News: Spotlight Content

Torres of Torresco Realty LLC: The art of negotiation

Name: Laurena Torres Title: Broker/Owner Company Name: Torresco Realty LLC Years in Commercial Real Estate: 34 What were your biggest fears when you started out in your profession? I entered the commercial real estate business when I was in my late teens. I was mesmerized by the ultra successful people I was starting to meet and do business with. I found the challenges exciting. I was young enough to have no fears instead I met each day with exuberance learning the dynamics of our industry. Who are three women- living or dead - that you would like to have drinks with and why? 1. Ayn Rand- A prolific author and philosopher well ahead of her time. 2. CoCo Chanel- Non conformist trend setter who's name and style is as prominent today as in the 1920's when she created her original designs. 3. Cleopatra-Rose to be Pharaoh which was a position of power only relegated to the male members of the reigning Egyptian dynasties. What was your first job and what did you learn from it? I was hired right out of college by a political consultant firm who took on project oriented lobbyist assignments. There I learned the value of the art of negotiation, began to understand the essence of creating a "meeting of the minds" and was exposed to diverse sets of circumstances. This job was definitely the precursor to my thoughts of entering the real estate sales arena. It was actually one of my former employers that suggested the concept of obtaining a real estate sales license. What is your favorite quote? When you make the deal stop talking.
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
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”.