News:
Spotlight Content
Posted: December 28, 2021
2021 Year in Review: Adelaide Polsinelli, Compass
Name: Adelaide Polsinelli
Job Title: Vice Chairman
Company Name: Compass
What was your greatest professional accomplishment or most notable project, deal, or transaction in 2021?
My greatest accomplishments were to sell not one but two, prime Fifth Ave. trophy properties for exceptional prices in the middle of a global pandemic. Having been through four previous cycles, it was easy to see that we were at the bottom of a decade long run. I spent most of the year identifying companies who should be purchasing real estate for their businesses. My message was simple; this is the time when fortunes are created and anyone who can buy should be buying. 90% of my transactions in 2021 were to user buyers who appreciated this once in a cycle opportunity.
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
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
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
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
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”.
.gif)