News: Spotlight Content

2023 Ones to Watch Rising Stars: Katherine McDonnell, Bromley Companies

Katherine McDonnell
Director of Acquisitions
Bromley Companies

Number of years at firm: 3

One thing on my bucket list: Travel to every continent - 4 down, 3 to go!

When I am not working, I am: Taking advantage of the incredible area we live. Food tours around Manhattan, hiking in the Catskills, skiing in the Adirondacks, sailing on the Sound, attending summer concerts at Pier 17 and Little Island.

What recent project, transaction or accomplishment are you most proud of? I am most proud of the $200 million overhaul we completed at 122 Fifth Ave. This historic 122-year-old structure was fully renovated, resulting in an 11-story mixed-use building with 300,000 s/f of office and retail space. With Microsoft as the office anchor, and best in class retailers Allbirds and Pandora as the Fifth Ave. anchors, this project transforms the Union Sq. neighborhood by bringing in new employees and enriching the retail offerings surrounding it. It’s been an incredible accomplishment for me and our team to be a part of this impactful project.

What makes this nominee a RISING STAR? 

“Katie is a rising star at Bromley, but especially within the real estate industry. She has been instrumental in our recent major deal closings, such as Microsoft at 122 Fifth Ave. and Tampa Electric at our new Midtown East Tower in Tampa. Her incredible work ethic, thirst for knowledge and attention to detail set Katie apart from her peers.” - Nicholas Haines, CEO at Bromley Companies

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
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
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
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”.