News: Brokerage

Calamar completes 38,000 s/f office building at Woodlands Corp. Center East - $4m project

According to Calamar president Kenneth Franasiak, a grand opening celebration took place to commemorate the opening of the first 38,000 s/f class A office building in The Woodlands Corporate Center East, a 120-acre mixed used park located near the corner of Niagara Falls Blvd. and Shawnee Rd. The Woodlands Corporate Center East opened in August 2004 after the success of The Woodlands Corporate Center West opened in 2000. The park is home to a 42,000 s/f flex facility along with 25 of the planned 34 patio homes completed or currently under construction and the construction of three senior housing facilities. "The completion of this 38,000 s/f office facility in The Woodlands Corporate Center East represents the first class A office building in Niagara County in decades," said Franasiak. "We are optimistic that it also will serve as the catalyst to rebuild this lost market in Niagara County and attract the professional sector back to our community. There basically isn't any inventory for class A office in this area. We are confident that this first office building in The Woodlands Corporate Center can revitalize this element to our area." The $4 million office building is located on 3949 Forest Pwy. in The Woodlands Corporate Center East and is expected to create and retain 40 jobs with a payroll of $1.6 million. The building is 90% occupied. The building was constructed using the CON/STEEL concrete tilt-up method that Calamar has exclusive rights to in WNY. In this method, the floor is poured first and then used as the casting bed for all the wall panels to be formed and poured. An insulated sandwich panel type of construction creates thermal economies.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
Tri-state capital  migrates nationally amid  regulation pressure - by Reese Weaver

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,

AI comes to public relations, but be cautious, experts say - by Harry Zlokower

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,
A fresh start - by Shallini Mehra and Amit Doshi

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
Strategic pause - by Shallini Mehra and Chirag Doshi

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