News: Brokerage

Gallina Development Corp. on the forefront of Green Building Initiatives; 1890 & 1892 S. Winton Road Anticipate LEED Silver Certification

Gallina Development Corporation prepare for core and shell LEED Silver Certification for 1890 & 1892 South Winton Rd., in Cambridge Place Business Center. Gallina president, Andrew Gallina, said "Green building practices are here to stay and will only be more prominent in the design of our facilities in the future. We feel strongly that our tenants will not only appreciate our efforts in this area, but will benefit significantly from lower energy costs." Green / sustainable features are: Geo-Thermal Heating Systems: * 1890 South Winton Rd. - 32 wells - 400' deep * 1892 South Winton Rd. - 24 wells - 400' deep * Energy efficient circulation pumps on geo-thermal system * Real time display of operation of geo-thermal system in lobby * Projected energy savings of 25% * Avoids the need for unsightly cooling towers * Energy efficient lighting - T-5 and/or LED Lighting * Preferred parking for energy efficient vehicles * Bicycle rack with common bathroom with shower to promote cycling to work * On site bio-retention ponds to cleanse storm water run-off prior to entering municipal storm water system * Construction waste has been separated into wood, metal and cardboard containers for recycling * Low VOC emitting sealants and adhesives
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Columns and Thought Leadership
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
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,

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