Professional Women in Construction Developers Forum remains upbeat
A group of prominent developers took an upbeat take on the current market at a recent forum in Manhattan hosted by Professional Women in Construction (PWC) and moderated by Lois Weiss of the New York Post. Ivanka Trump, executive vice president of The Trump Organization, said that plans for international expansion are proceeding with projects at such sites as Dubai and the Dominican Republic. Louise Sunshine, development director of Alexico Group and former CEO of The Sunshine Group, praised President Barack Obama for ushering in a new era of change and hope. J.J. Bistricer, executive vice president at Clipper Equity, noted that sales are going well at Belltel Lofts in Brooklyn. Ilan Bracha of the Bracha Group at Prudential Douglas Elliman and founder of B&B Investment Group, said that his emphasis on equal service to all clients has helped propel his success.
The event, presented January 29 at the General Society Library, drew a large crowd of construction and real estate professionals. According to Lenore Janis, president of PWC, "The Forum started the new year off on a positive note."
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
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
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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