News: Brokerage

Calamar Construction awarded $5 million Best Western Plus project; 61-room, three-story hotel comprised of 44,000 s/f

Calamar, a full-service real estate organization comprised of construction, development, property management, asset management and finance & investment divisions has been awarded a hotel contract for their hospitality division The Best Western Plus is the latest flagship hotel to be awarded to Calamar. This is the third project that Calamar has been awarded and began construction on in the last three months. Construction is just underway with completion expected by May 2016. The Best Western Plus in Hammondsport offers well appointed and modern rooms in a 61-room, three-story hotel comprised of 44,000 s/f representing a $5 million contract. Ted Douvlos is the project manager for Calamar Construction. "Calamar is delighted to have been awarded the construction contract for The Best Western Plus," said John Cleary, VP for the hospitality division. "We take great pride in the knowledge and experience we bring and look forward to implementing our expertise into the exceptional standards the Best Western Plus is known for."
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
Hunt commercial real estate question and answer: The total cost of relocation - by David Hunt

Hunt commercial real estate question and answer: The total cost of relocation - by David Hunt

You have a right to be concerned. I am always surprised at the companies that will negotiate the price of their new facility down to the last dollar, without thoroughly analyzing their
The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

There was a time when an offering memorandum (OM) was pretty bare bones, some photos, a few bullet points on income, and a rent roll thrown in at the back. That used to get the job done. Not anymore. In 2025, buyers are sharper, faster, and more selective. They’re looking
New York’s streets are full again, and the retail numbers prove it - by Noam Aziz

New York’s streets are full again, and the retail numbers prove it - by Noam Aziz

Walk down any New York block this year and you can feel it. The sidewalks are crowded, the storefronts are lit, and the energy that defines this city is back at full volume.
Artificial intelligence in lending - by Lindsay Mesh Lotito

Artificial intelligence in lending - by Lindsay Mesh Lotito

Artificial intelligence (AI) is beginning to help transform lending by enhancing decision-making, improving risk management and streamlining operations. With AI-powered tools that analyze vast amounts of data, lenders are able to assess borrower creditworthiness more accurately and efficiently. AI can evaluate a wide range of factors,