News: Spotlight Content

2019 Year in Review: David Livshin, The Dagar Group Ltd.

Name: David Livshin

Company: The Dagar Group Ltd.

What was your most notable project, deal, or transaction in 2019?
We completed several leases with not-for-profits which was satisfying on many levels. We also completed leasing on a center in Westchester which we had worked on for some time which is now fully occupied. We also had the opportunity to complete transactions on various properties filling spaces with great tenants that had been elusive for some time.

What are your predictions for commercial real estate in 2020?
I am hopeful that 2020 continues to be upbeat in the retail/office sector in our Hudson Valley, New York market. We have started many discussions in the last quarter of 2019 that we hope will result in finalizing these transactions in early part of the new year.

What was your greatest professional accomplishment in 2019?
We were very pleased to have completed almost a 100% turnaround of a property we manage and lease since 2015. It had been foreclosed on by a major bank and then sold with very low occupancy. It gives me great, personal and professional satisfaction to visit the property daily and view full parking areas and daily traffic. Additionally, the interactions with very pleased tenants is of great satisfaction.

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”.