According to Wurk Environments, LLC, a leading provider of upscale, flexible professional environments, Joseph DeTrano has joined the firm as vice president of sales and business development. DeTrano, who has been at the forefront of the real estate industry for over 15 years, will use his extensive experience in operational management, corporate real estate outsourcing and global sales to oversee leasing activities for Wurk's professional environments (Wurksites) worldwide.
"I'm thrilled to have joined a venture whose business model and philosophy are groundbreaking in the executive suites industry," said DeTrano. "Unlike traditional office business centers, Wurk offers impeccably crafted, state-of-the-art professional environments, highly flexible lease terms and robust infrastructure."
DeTrano is currently managing the leasing of Wurk-Times Square, the company's flagship, which opens on January 1. "We are seeing tremendous interest from Fortune 1000 companies and start-up ventures alike," DeTrano says of Wurk's 65,000 s/f at 1515 Broadway, the iconic 54-story, 2+ million s/f tower situated in the heart of Times Square. "Given the economic climate, businesses are critically evaluating their long- term real estate strategies and increasingly moving towards more flexible platforms."
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
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
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”.
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
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