Hearst Corp. to begin 70,000 s/f printing facility expansion for Albany Times Union - $60m project
According to George Irish, president of Hearst Newspapers and Mark Aldam, publisher and CEO of the Times Union Hearst Corporation, a capital project will be launched to expand the Albany Times Union's existing headquarters by 70,000 s/f to accommodate a new printing and packaging facility. The $60 million project should be complete by the end of 2011.
"For more than 150 years, the Times Union has serviced capital region readers with the finest and most trusted source for news and information," Irish said. "And, by the end of 2011, we will continue that mission with full color available on every page, greatly enhancing the vibrancy of the newspaper, in addition to achieving greater flexibility in product design and format. While much of the newspaper industry is contracting, this announcement reaffirms Hearst's and the Times Union's commitment to a printed newspaper."
Huntington, NY SABRE Real Estate Advisors has completed the sale of six commercial properties across Long Island and Northern New Jersey, further underscoring the firm’s strength as a trusted partner in complex real estate transactions. The deals were led by executive vice presidents Jimmy Aug and Stu Fagen, whose combined expertise continues to drive exceptional results for clients across the region.
Lower interest rates and an increased number of loan restructurings will be well received by the commercial real estate industry. Over the past 12 months there has been a negative trend for NOI for many properties across the country.
Let’s be real: if you’re still only posting photos of properties, you’re missing out. Reels, Stories, and Shorts are where attention lives, and in commercial real estate, attention is currency.
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
The state has the authority to seize all or part of privately owned commercial real estate for public use by the power of eminent domain. Although the state is constitutionally required to provide just compensation to the property owner, it frequently fails to account