News:
Spotlight Content
Posted: October 17, 2017
2017 Women in Building Services: Connie Racanelli, Con Rac Construction Group, LLC
Name: Connie Racanelli
Title: President and CEO
Company Name: Con Rac Construction Group, LLC
Years in real estate: 20
What real estate associations or organizations are you a member of? Bar Association and WMGA
How have you navigated obstacles to achieve success in your career?
I have navigated obstacles by staying patient and utilizing knowledge from family and other resources to obtain information to solve problems. In working in real estate law and construction, I have come across many personalities and I have learned to try to work cohesively with the different personalities. In closing real estate transactions there are always issues that come up at the last minute and in order to close, there has to be compromise and cooperation among everyone.
How do you play your strengths to your advantage in your career?
I use my background in social work to deal with people and my education and law degree to assist with the different personalities I encounter and the situations I come across. I learned from my father to treat everyone the same and I think that really helps with my ability to relate to everyone I come across. Having four older brothers, I learned to persevere and keep trying to keep up with them in anything that they do and compete and always try to educate myself further.
What trends are you seeing so far this year?
Seeing real estate and construction pick up. It is definitely a seller’s market and sellers are getting more than asking price. Construction is picking up as well and there is more development. Lower interest rates have helped with both but the rates are trending up so it will be interesting to see what happens as they continue to rise.
What do you do for fun?
I love spending time with my family and traveling with them so that they can see different things and encounter different cultures and people. I enjoy playing golf if I can find the time which is difficult with two little ones.
Tags:
Spotlight Content
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
.png)
.gif)
.jpg)
Columns and Thought Leadership
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
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
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”.
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
.gif)