News: Brokerage

Gati of Architecture Studio wins Building Award from the QBBA

William Gati, AIA, of Architecture Studio, received the Building Award from the Queens Bronx Builders Association (QBBA) for the Lawrence Blum, M.D. Ophthalmology, Cataract & Refractive Surgery Center, a 10,000 s/f medical office. It is located on the second floor of a new condo development in Kew Gardens on Metropolitan Ave. and 118th St. above a TD Bank and next door to Montrose Surveying and other commercial and office buildings. The space includes 20 separate offices, exam and procedure rooms, reception area, operatory, lunch room and eyeglass sales. The original space had exposed concrete walls, floors and ceilings and not much else. They built out the floors, walls and ceilings and provided all interior design and decorating services in addition to construction administration services. They also incorporated energy efficiency and green features, such as insulation, energy efficient lighting and appliances. The space is heated and cooled with a high efficient system. The project came in on time and under budget and the contractor did not request or receive any change orders. The project was built according to the plans and no as-built plans were necessary because there were no changes from the approved plans. The architect was Architecture Studio. This project took a while to design. Blum changed locations and wanted to stay at there until he retired, so he had to carefully think about his long-term goals. The acquisition and construction cost has made this project easily affordable for Blum.
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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,
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
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