News:
Spotlight Content
Posted: December 27, 2022
2022 Year in Review: Alan Soclof, Rosewood Realty Group
Investment Sales Broker
Rosewood Realty Group
What was your greatest professional accomplishment or most notable project, deal or transaction in 2022?
Closing a $ 71 million deal in Tampa, Fl. while interest rates increased two times since the deal went under contract. Many deals throughout the industry unfortunately fell apart, but this deal closed seamlessly 90 days after going into PSA.
How has your career path changed in 2022?
The majority of my sales have been the typical older vintage properties where a buyer takes a bridge loan and renovates the property to go through their value add business model. Throughout the course of 2022, as bridge debt grew more expensive, we started seeing more of our clients pivot to newer built class A / core properties.
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)
Quick Hits
.jpg)
Columns and Thought Leadership
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”.
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
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
.gif)