News:
Spotlight Content
Posted: December 18, 2018
Year in Review 2018: Edward Nolan, Windels Marx Lane & Mittendorf, LLP
Name & Title: Edward Nolan
Company Name: Windels Marx Lane & Mittendorf, LLP
Address: 156 West 56th Street, New York, NY 10019
Website: www.windelsmarx.com
Social Media:
- Twitter: @WindelsMarx
- LinkedIn at Windels Marx Lane & Mittendorf, LLP
What was your most notable project, deal, transaction or professional achievement in 2018?
I represented a prominent real estate holding company in an IRC §1031 like-kind exchange, which involved: the purchase of a $10.5 million landmarked Manhattan property as a replacement property in a 1031 reverse exchange; the sale of two upper Manhattan properties for $61 million; and the execution of a forward 1031 exchange from the balance of proceeds resulting from the property sales. I worked closely with Lynn Weinig, Special Counsel, and with Suneet (Neetu) Bawa, Associate.
What market trend(s) will impact your industry in 2019?
We have a large group of multi-disciplined lawyers who are focused on Opportunity Zones in 2019.
Do you have any New Year’s Resolution(s)?
I’m always interested in traveling and spending more time with family and friends.
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)
.gif)
.jpg)
Columns and Thought Leadership
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
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
.gif)