News: Brokerage

CPL expands with of acquisition Morris Associates

Poughkeepsie & Hudson, NY Architecture, engineering, planning firm CPL has expanded its footprint in the Hudson Valley with the acquisition of Morris Associates.

Morris Associates’ principals Raymond Jurkowski, P.E. and Peter Setaro, P.E., along with their team of 31 design professionals, will join CPL September 4, 2018. The Morris and CPL teams will immediately be integrated into ongoing project work in mutual markets.

Morris Associates, one of the areas largest municipal engineering firms, was established in 1970 as a municipal engineering, planning and survey firm, and serves clients primarily in the Hudson Valley.  

CPL was founded in 1975 in Rochester, NY and with the new Poughkeepsie and Hudson locations, becomes a 390-person full-service design firm with 15 offices including Rochester, NY; Buffalo, NY; Albany, NY; Jamestown, NY; Olean, NY; Newburgh, NY; Binghamton, NY; Charlotte, NC; Raleigh, NC, Greensboro, NC; Greenville, SC; and two in Atlanta, GA. 

The two firms’ service offerings are complementary with award winning project portfolios. CPL and Morris have both been leaders in municipal, infrastructure and site design, and will now combine forces to continue serving clients in the two firm’s overlapping markets - from the Adirondacks to Westchester County.  Morris Associates’ clients will benefit from deepened bench strength and expanded design expertise including Transportation Engineering, Architecture, Civil/Municipal Engineering, Landscape Architecture and survey services.  

Several of CPL’s notable Upstate / WNY projects include the design of the new $260 million Sands-Constellation Critical Care Center addition for the Rochester Regional Health System (Rochester, NY); the $57 million Seneca Park Zoo Expansion (Rochester, NY); and the new $50 million National Comedy Center (Jamestown, NY).  In the Hudson Valley region, CPL’s  prominent work includes the $80 million renovation/expansion of the Orange County Government Center (Goshen, NY); the City of Kingston Washington Avenue Sewer project; Newburgh Enlarged City School District-wide renovations and new CTE (Career, Technology & Education) High School Building; Spackenkill Union Free School District-wide renovations and new turf field & stadium; and the Town of New Windsor – Replacement of Lake Road Bridge over Metro-North Railroad.

Morris Associates’ notable regional projects include Columbia County Sewer District #1- Commerce Center interconnection; Town of Greenport Water District Improvements Phase 3A Watermain replacement; Town of Poughkeepsie - Arlington Sewer Treatment Facility upgrades/reconstruction, Town of Lloyd - Highland Water District Treatment Facility Improvements: Dutchess County Law Enforcement Center and Justice and Transition Center, Daley Farms 137 lot residential development Town of Lagrange.  It is anticipated that the Poughkeepsie office will grow by 15% over the next 18 months dependent on backlog and new business initiatives.

READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
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
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