News: Spotlight Content

Andrew Grossman 2009

Name: Andrew Grossman Title: Vice President and Counsel Company: GGMC Parking, LLC Location: 1651 3rd Ave., New York, N.Y. 10128 Birthplace: New York City Family: Lovely wife Susan College: NYU, Cardoza School of Law First job outside of real estate: Waiter at summer camp First job in real estate or allied field: Co-op closing paralegal What do you do now and what are you planning for the future? Remaining committed to fulfilling the goals of our family-owned and operated parking business: providing convenient, professional parking service in a secure and aesthetically pleasant environment. Hobbies: Music and baseball memorabilia collections Favorite book: "Changing New York" by Berenice Abbott Favorite movie: "Life of Brian" Person you admire most (outside of family): Gil Hodges Keys to success: 10% inspiration, 90% perspiration If you had to choose another vocation what would it be? Scholar
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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
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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
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