News: Brokerage

CoreNet New York City City hosts "Resiliency: Are you Ready for the Next Superstorm?"x

The New York City Chapter of CoreNet Global hosted a program entitled "Resiliency: Are you Ready for the Next Superstorm?" which was held on Wednesday, February 4 at the Mohawk Showroom at 71 West 23rd St. Hussain Ali-Kahn, director of strategy at CBRE, moderated a distinguished panel of speakers from highly respected companies: * Vincent Warner, managing principal of WB Engineers * Michael Sciara, principal and vice president of John W. Baumgarten Architect * Chip Logan, director of global real estate at BNY Mellon The Devastation of Sandy The panel discussed the threat posed by Superstorms in the aftermath of Hurricane Sandy, and how CRE professionals can best help prepare their companies and their communities for potential future disasters. Panelists recounted severe damages incurred by Superstorm Sandy, including loss of power to buildings such as hospitals and flooded basements. Said Logan, "No one thought a storm like Sandy would hit this City. No one was ready, and preparation was insufficient. I remember downtown Manhattan looking like a third world country." Next Time, We'll Be Ready Panelists lauded the resiliency of New Yorkers in weathering the storm. They offered several recommendations in preparation for potential future storms including the addition of submersible generators to critical facilities, greater quantities of materials to redirect water such as sandbags, and more sophisticated pumping systems.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
Behind the post: Why reels, stories, and shorts work for CRE (and how to use them) - by Kimberly Zar Bloorian

Behind the post: Why reels, stories, and shorts work for CRE (and how to use them) - by Kimberly Zar Bloorian

Let’s be real: if you’re still only posting photos of properties, you’re missing out. Reels, Stories, and Shorts are where attention lives, and in commercial real estate, attention is currency.
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
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,
Lasting effects of eminent domain on commercial development - by Sebastian Jablonski

Lasting effects of eminent domain on commercial development - by Sebastian Jablonski

The state has the authority to seize all or part of privately owned commercial real estate for public use by the power of eminent domain. Although the state is constitutionally required to provide just compensation to the property owner, it frequently fails to account