News: Brokerage

Outside the Region: Hylan expands into mid-Atlantic with Down Under Construction acquisition

Holmdel, NJ Hylan, a market leading provider of specialized communications engineering and construction services in New York, expansion into the Mid-Atlantic region through the acquisition of Down Under Construction (DUC). Terms of the transaction were not disclosed. 

DUC is a communications contractor headquartered in Sterling, Va. 

Robert DiLeo, CEO of Hylan, said, “We look forward to working closely with Daryl Dunbar and the rest of the DUC team. The Mid-Atlantic region, especially dense metropolitan markets like Northern Virginia, Washington D.C. and Baltimore will likely attract significant communications-related investment in the coming years.”

DUC company offers directional drilling, trenching, cable placement, engineering and permitting, and restoration services to support underground construction for communications and electrical infrastructure owned by fiber carriers, data center operators, and federal organizations.  President Daryl Dunbar, who founded DUC in 1993, will remain in the same position post-closing. DUC will continue to operate under the Down Under Construction name. 

Bill LaPerch, executive chairman of Hylan, said, “Hylan is fully committed to identifying and working with talented operators across the United States to capitalize on the rapidly increasing broadband demand trends responsible for building new or upgrading existing network infrastructure.”

Daryl Dunbar, Founder and President of DUC, commented, “I am proud of what DUC has achieved over the last 25 years and we are eager to begin this new partnership with Hylan to further accelerate our growth while maintaining our dedication to the highest level of quality and customer service.”

READ ON THE GO
DIGITAL EDITIONS
Subscribe
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
Lower interest rates and more loan restructuring can help negate any negative trending of NOI on some CRE projects - by Michael Zysman

Lower interest rates and more loan restructuring can help negate any negative trending of NOI on some CRE projects - by Michael Zysman

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.
Lasting effects of eminent domain on commercial development - by Sebastian Jablonski

Lasting effects of eminent domain on commercial development - by Sebastian Jablonski

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
Behind the post: Why reels, stories, and shorts work for CRE (and how to use them) - by Kimberly Zar Bloorian

Behind the post: Why reels, stories, and shorts work for CRE (and how to use them) - by Kimberly Zar Bloorian

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.