News: Brokerage

Empire awarded Bean Cruises & Travel build-out

Empire Commercial Construction, a retail-specific division of regional general contractor TAYLOR-The Builders, have been awarded the contract for construction and project management services for Bean Cruises and Travel in the new College Town Rochester development. Empire teamed with Gilbane Development for design and build-out of the new location at 1335 Mount Hope Ave., Building #2. Construction is currently underway. "Empire is pleased to establish a relationship with Patty Bean and her team at Bean Cruises and Travel, as they relocate to their new location at College Town Rochester," said Empire president, Jayne Penepent. "While Patty prides herself in making her clients' vacation a "dream come true," Empire is committed to efficiently deliver first-quality retail and commercial space at the best possible price, and this project will be no different." College Town is seen as an extension of the community surrounding the University of Rochester's main 534-acre River Campus, and the University of Rochester Medical Center. Empire's parent company, TAYLOR - The Builders, is currently near completion of Building #2, featuring a 4-story, 220,000 s/f residential/retail building, with a 2-story Barnes & Noble Bookstore, and Building #5, featuring a 3-story, 69,000 s/f residential/retail building, with street-level shops and restaurants.
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Horvath & Tremblay Announces Strategic Integration of B6 Real Estate Advisors, Expanding New York City Presence

New York, NY Horvath & Tremblay, a premier real estate services firm specializing in investment real estate brokerage, 1031 exchanges, debt/equity placement, and appraisal & valuation services, announced the strategic integration of B6 Real Estate Advisors into the firm’s growing national platform.
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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,

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,
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