News: Spotlight Content

2022 Industry Leaders: John Terrana, Forchelli Deegan Terrana LLP

Nominee’s Name & Job Title: John Terrana, Co-Managing Partner & Chair, Tax Certiorari practice group

Nominee’s Company/Affiliation: Forchelli Deegan Terrana LLP

Nominee’s City & State of Employment: Uniondale, NY

 

What is your management style?

I listen and get to know my employees so that I can determine what they need and what is important to them. Then, I try to give them this and all of the other tools they need to be effective thereby creating a workplace where they are happy and successful.

Describe what you would consider to be ONE of your top career highlights:

Over the course of my career, I’ve obtained millions of dollars in tax refunds for many clients and I’ve been instrumental in Forchelli Deegan Terrana LLP’s (FDT) strategic growth. However, my top career highlight is orchestrating the addition of Koeppel Martone & Leistman, L.L.C. to my firm effective October 1, 2022, establishing FDT as the preeminent real estate tax law firm.

What leadership role outside of the workplace is most rewarding to you?

I’m a member of the Advisory Board of the Mattone Family Institute for Real Estate Law at St. John’s Law.

This role is rewarding because it affords me the opportunity to support my alma mater and mentor students during their internships at FDT. Several of the students have been hired as associates following their internships.

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
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”.
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
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
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