News: Brokerage

Consigli Construction Co., Inc.'s New York State Capitol restoration wins two building awards

Consigli Construction Co., Inc. received two 2013 "Best Projects" awards from Engineering News-Record New York for its landmark restoration of the New York State Capitol building. Honored with the Best Government/Public Building Award in the tristate region and the Best Safety Project Award across all project categories, Consigli was recognized for excellence in project management, successful use of innovative technologies, and for standing far above the rest in safety compliance. Designated as a National Historic Landmark in 1979, the New York State Capitol building suffered long-standing issues, such as severe water infiltration, since its completion in 1899. Consigli repaired and restored the oldest and most deteriorated sections of the building, including the 130-year old terra-cotta roof and east façade, completing the project nearly 22 months ahead of schedule and saving taxpayers $2.4 million. ENR's Best Projects competition for the tristate area was not limited by value or scope of work. Judges reviewed 67 projects completed between July 1, 2012 and June 30, 2013 to select 18 projects to receive top recognition in specific categories. In addition, safety experts on the judge's panel reviewed 27 entries to select the top winner for excellence in safety.
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Columns and Thought Leadership
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
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,

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.
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