News: Brokerage

Chazen Cos. provide services for 12,000 s/f medical office building

East Fishkill, NY The Chazen Companies provided land survey, environmental, site engineering, landscape architecture, and planning services for a new two-story 12,000 s/f medical office building for Orthopedic Associates of Dutchess County (OADC). The project involved the redevelopment of the former Junction 52 Restaurant property.

OADC opted to redevelop the abandoned restaurant property as the more fiscally and socially responsible choice to prevent the loss of open space. OADC and Chazen closely collaborated on program needs including space, employee and patient parking, water and sewer service needs, and the available construction budget.

Chazen initially performed a feasibility study to identify potential constraints to site development, including wetlands, a high groundwater table hindering the septic disposal system function, and drainage issues. Chazen assisted OADC in developing a compliant and still economical approach to the environmental clean-up, which allowed monies to be reallocated to raising the site to resolve septic disposal and parking lot drainage issues.

The drainage improvements also alleviated neighboring properties experiencing flooding.

The revised site layout offers a handicap accessible facility, increased the attractiveness of the community for economic development; eliminated a blot on the landscape; allowed redevelopment to take advantage of existing infrastructure; conserved open space, and created jobs in a community in need of replacement opportunities.

New location for  Orthopedic Associates of Dutchess County - East Fishkill, NY New location for Orthopedic Associates of Dutchess County - East Fishkill, NY
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
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
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,

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
The anticipated effect of Basel III and ISO 20022 implementation on commercial real estate - by Michael Zysman

The anticipated effect of Basel III and ISO 20022 implementation on commercial real estate - by Michael Zysman

July 1, 2025 is the deadline for US banks to begin to adopt Basel III banking standards and July 14, 2025 is the deadline for U.S. banks to adopt ISO 20022 messaging standards. Both will have a significant effect on the banking and commercial real estate (CRE) finance sectors.