News: Brokerage

Iskalo Development celebrates reopening of the Electric Tower

Mayor Byron Brown recently joined Paul Iskalo in a ceremonial toast to celebrate the grand reopening of the Electric Tower. The event featured tours of the renovated landmark located at 535 Washington St. in the downtown area. Since acquiring the Electric Tower from Niagara Mohawk Power Corp. in 2004, Iskalo Development Corp. has undertaken a meticulous restoration and upgrade of the historic landmark. Earlier this year, the building welcomed its first tenants including the NYS Liquor Authority, NYS Public Employment Relations Board, NYS Department of Agriculture and Markets, NYS Fire Prevention and Control, NYS Department of Corrections, NYS Employee Assistance Program and GZA Geo Environmental. The 14-story Electric Tower consists of 120,000 s/f of class A office space including six, octagon shaped "tower" floors. The building offers full-floor office tenancies ranging from as small as 2,700 s/f in the tower and up to 16,000 s/f on the main building floors.
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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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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
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
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,
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,