News: Spotlight Content

2023 Women in CRE: Judy Simoncic, Forchelli Deegan Terrana LLP

Judy Simoncic
Deputy Managing Partner
Forchelli Deegan Terrana LLP

What recent project, transaction, or accomplishment are you most proud of? 

I was recently honored to be included in Long Island Business News’ (LIBN) List of Most Dynamic Women Leaders of 2023. The list of 44 industry leaders is hand selected by LIBN and recognizes women that have demonstrated integrity, persistence and most importantly, leadership skills in their respective fields. I am most proud to be listed among women that I have admired and looked up to throughout my legal career. Gail Prudenti, a former dean of the Maurice A. Deane School of Law at Hofstra University, where I attended law school, who is also a former Supreme Court Appellate Division Justice, was named in this list. To be included among such esteemed women in my field and others is truly an honor.

What are the most important factors women in your industry should consider when choosing a firm to build their career with? 

I believe a key factor that women looking to join a firm in the legal industry should look for is if the firm is actively seeking to attract, retain and promote women. At my firm, it is extremely important to have programs designed to help young women achieve professional success in their career, as well as personal success. We understand that women face challenges that their male counterparts may not experience. It is critical to find a firm that is dedicated to empowering, strengthening, and advancing women.

Who inspires you most? What qualities do they possess that inspire you? 

Former United States Supreme Court Justice Ruth Bader Ginsburg is a woman who has inspired me and many other women in the legal profession to reach their professional goals. Justice Ginsburg was highly intellectual and had an unwavering determination that led her to be a pioneer for women’s rights despite all of the obstacles she faced in her life. Her motto was not to be deterred when things got tough. That is something that I follow in my own career. 

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”.
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
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