News:
Brokerage
Posted: January 16, 2024
CM&B opens new office location
Manhattan, NY Construction Management and Builders, Inc. (CM&B) has been building in New York City and the surrounding boroughs since 2011. Their journey in the city began with the 56,000 s/f LEED Platinum store for Whole Foods Market at 3rd & 3rd in Brooklyn. In the autumn of 2017, CM&B established a permanent presence on 7th Ave. and has since completed hundreds of projects spanning the retail, hospitality, and grocery sectors across the New York tri-state region.
With their growing list of clients and team members, they were ready for the next chapter in New York City. With many neighborhoods to choose from, each with its distinct charm, they set their sights on a location that would not only accommodate their team but also provide a unique office amenity. With Bryant Park in their backyard, the team is ready to take on 2024 with a new home in an iconic location.
“As we continue on our exciting journey in New York, we are not just beginning a new chapter; we are setting the course for the future of CM&B in New York,” said Tim Puopolo, EVP/COO of CM&B. “This strategic move positions us for unparalleled growth and success, symbolizing our commitment to innovation and excellence in New York City.”
Andrew McCaughan, chief development officer at Shake Shack, said, “For over eight years, CM&B has been a consistent and reliable construction partner, executing over 45 Shake Shack locations throughout the Northeast. From complex urban locations to ground-up suburban restaurants and our corporate headquarters and test kitchen, we count on the CM&B team to build some of our most challenging assignments. As they embark on this exciting new chapter in New York City, we celebrate the invaluable role CM&B has played as a steadfast and dedicated partner in our continued growth.”
Noteworthy projects:
• Shake Shack innovation kitchen, restaurant and corporate Headquarters
• Whole Foods Market at One Wall St.
• Harry’s Table by Cipriani
• Mercado Little Spain at Hudson Yards
• TimeOut Market Brooklyn
• Union Square Hospitality Group’s Ci Siamo at Manhattan West.
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
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
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,
