News: Brokerage

CoreNet NYC tours $4 billion Terminal B redevelopment project at LaGuardia Airport

Queens, NY CoreNet Global New York City Chapter’s (CoreNet NYC) Public Policy Community recently coordinated a construction tour of the $4 billion Central Terminal Building redevelopment project that is currently underway at Terminal B at LaGuardia Airport, which gave members a comprehensive view of the infrastructure upgrades that will ultimately transform the hub into a more efficient and attractive world-class airport.

Skanska, which is a member of the LaGuardia Gateway Partners consortium coordinating the redevelopment project, hosted the tour of the 1.3-million s/f Terminal B, which highlighted the infrastructure upgrades underway to improve the airfield and aircraft taxiways; pedestrian and vehicle transports; and its physical plant.

Syska Hennessy Group, a CoreNet NYC sponsor, coordinated the tour to help further the chapter’s mission to advance the practice of corporate real estate professional development opportunities following a transportation survey this summer, which found that 36% of the chapter’s members expect to rely more heavily on air transportation in the future.

CoreNet NYC is part of the CoreNet Global organization of 10,000 real estate executives in 50 countries, all of whom are responsible for strategic decision-making regarding the real estate assets of large corporations. The Chapter’s newly-formed Public Policy Community is focused on identifying the challenges and investments needed to improve the city’s aging regional infrastructure and address key employee workplace access needs. 

CoreNet Global New York City Chapter’s mission is to advance innovation and professional development for the corporate real estate sector, and to serve as a thought leader and forum for current industry issues. The Chapter’s more than 1,000 members represent corporate end-users and service providers from New York’s largest publicly held companies at the forefront of real estate planning, development and innovation, including Fortune 500 companies generating over $1 billion in annual revenue.

READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
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,
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.
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