News: Spotlight Content

Jennifer Ogden, Avison Young

Name: Jennifer Ogden

Title: Senior Director, Office Leasing

Company Name: Avison Young

What was your greatest professional accomplishment in 2020?
I was proud to be part of the Avison Young team that REBNY honored with its Edward S. Gordon Memorial Award as one NYC’s Most Ingenious Deals of the Year. We were recognized for “The Trinity of Sales: How Three Charities Coordinated Sales for the Benefit of New York.” This transaction also was named Avison Young’s “Global Best Case Study” and our team, which included James Nelson, Jon Epstein and Susan Kahaner, was named Avison Young’s “U.S. Client Team of the Year.” In this transaction, Weill Cornell Medical College purchased a development site for medical housing at 1393 York Ave., enabling the seller, The Church of the Epiphany, to simultaneously purchase 351 East 74th St. from Jan Hus Presbyterian Church. We then arranged Jan Hus’ acquisition of 1745 First Ave.

What was the most challenging part of working during the pandemic?
As the pandemic has caused massive slowdowns in the commercial real estate sector, many of us have adopted to working from home and incorporating Zoom in our day-to-day lives. Technology has allowed us to function and virtual tours have kept the space search and deal process alive. As a tenant rep broker the past nine months have been extremely challenging for obvious reasons but one has been particularly vexing. Governor Cuomo’s decision on March 7 to declare a state of emergency led to a moratorium on unsolicited telemarketing calls. The livelihood of a broker is dependent on making calls. I would argue, now more than ever, tenant’s need unbiased and expert information on what is happening in the market and guidance on what opportunities exist to help them reduce their operating costs. We are living through unprecedented times and I would argue transparency and access to information is needed.

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
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”.
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