News: Spotlight Content

2023 Ones to Watch Industry Leaders: Michael Rossi, Elegran | Forbes Global Properties

Michael Rossi
Founder and CEO
Elegran | Forbes Global Properties

Number of years in CURRENT position:15

3 skills that you use every day in your position: Instinct, gut and EQ.

Best book, podcast, or app for aspiring leaders:

The Hard Thing About Hard Things by Ben Horowitz.

Best advice for new leaders in 10 words or less:

Lead with empathy, inspire trust and empower your team.

What was one of your biggest challenges as a leader and how did you overcome it? One significant challenge as a leader was knowing when to get out of the weeds. Initially, I was intricately involved in all aspects, which at times created tunnel vision or hyper-focus, without the big picture. The breakthrough came when I decided to “take my hands off the wheel” and trust my team. This allowed me to “lean in”, elevate my perspective, and understand the business’s broader landscape, facilitating a more strategic leadership approach that guides the organization in the direction needed. I would sum this up as follows; it is easy to provide others with advice, but difficult to take your own.

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
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
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”.