News:
Brokerage
Posted: June 9, 2015
AEON NEXUS opens new headquarters at 138 State Street
Historic Wellington Row's newest tenant, AEON NEXUS Corp., an IT consulting practice officially opened its new headquarters at 138 State St. in the downtown. The 8,000 s/f building at 138 State St. was originally constructed in 1912. Columbia Development transformed the space giving it a complete interior renovation. Capitalize Albany was able to assist in attaining $2.5 million in grant funding through Empire State Development's Restore New York program in addition to tax abatements and other financial resources Wellington Row redevelopment qualified for.
Executive partner of AEON NEXUS, Omar Usmani, joined local and state leaders including Albany mayor Kathy Sheehan, county executive Dan McCoy and deputy director of state operations, Andrew Kennedy in welcoming more than 200 guests to its new headquarters.
AEON NEXUS currently employs 20 individuals locally with plans to double its workforce with this expansion to downtown. The new office establishes the companies' second location in the Capital Region, and third overall.
Tags:
Brokerage
MORE FROM Brokerage
Liberow and Benshar of Asset CRG Advisors arrange $18.1 million ground lease transaction for 358 Flatbush Ave. development site
Brooklyn, NY Asset CRG Advisors recently facilitated the disposition of 358 Flatbush Ave., a Brooklyn development site situated at the intersection of Park Slope and Prospect Heights overlooking Grand Army Plaza and Prospect Park.
Quick Hits
Columns and Thought Leadership
AI comes to public relations, but be cautious, experts say - by Harry Zlokower
Last month Bisnow scheduled the New York AI & Technology cocktail event on commercial real estate, moderated by Tal Kerret, president, Silverstein Properties, and including tech officers from Rudin Management, Silverstein Properties, structural engineering company Thornton Tomasetti and the founder of Overlay Capital Build,
Strategic pause - by Shallini Mehra and Chirag Doshi
Many investors are in a period of strategic pause as New York City’s mayoral race approaches. A major inflection point came with the Democratic primary victory of Zohran Mamdani, a staunch tenant advocate, with a progressive housing platform which supports rent freezes for rent
Tri-state capital migrates nationally amid regulation pressure - by Reese Weaver
New York tri-state multifamily investors are increasingly reallocating capital to less-regulated markets across the U.S. as rent control and legislative risk erode returns at home. With over 60% of New York City’s rental housing stock classified as rent-stabilized, the traditional value-add model — buying under-performing buildings,
A fresh start - by Shallini Mehra and Amit Doshi
For the past several years, the New York City multifamily housing market has been defined by disruption. The combined impact of the HSTPA rent laws and a sharply higher interest rate environment has fundamentally reduced
