News: Brokerage

JRM Construction Management shares 2023 end-of-year recap

Manhattan, NY JRM Construction Management (JRM), a leading name in the construction industry, shared their 2024 End-Of-Year Recap. JRM Construction Management concluded 2023 with a series of accomplishments, marking a year of growth and recognition in the construction industry. This year was characterized by expansions, awards, and projects that demonstrated the company's commitment to excellence.

The expansion of JRM's operational footprint included the growth of our offices in South Florida and the opening of a new satellite office in Long Island. These moves were meant to enhance direct client service capabilities while reinforcing JRM's presence across key regions.

Nationally, JRM's was recognized with a top 10 ranking in ENR New York’s Top Contractors and a position among the Top 150 Contractors Nationwide. JRM also recieved high rankings in BDC’s Top 20 lists across several construction sectors, including Retail, Laboratory, Office, Multifamily, and K-12 School Contractors. JRM was also named one of Crain’s Best Places to Work in 2023.

JRM's collaboration with Taconic Partners on the 125 West End Ave. project in New York was a standout. This 348,200 s/f LEED Gold commercial renovation of a 7-story office building into a Life Science complex, featured new amenity spaces, including a rooftop area, and upgrades to the base building infrastructure, envelope, and interiors. In addition, the multi-family development at 49 Fisk St. in Jersey City, NJ, for Halpern Real Estate Ventures, showcased JRM’s capabilities in large-scale residential construction. The project features a new 6-story building with 300+ units, offering amenities like a fitness center, working lounge, game room, speakeasy bar lounge, and a fully landscaped courtyard.

JRM's work in the educational sector was highlighted in the expansive build-out for Pace University in New York City, creating a 26-story mixed-use learning hub. Another noteworthy project was the interactive play area at the Center for Toddler Development at Barnard College. This project, designed by the Architecture Research Office and coordinated by DBI Projects, featured a playful and educational environment, complete with "hobbit-sized" doors, mini cubicles, and slides, alongside staff amenities and an observation room.

JRM also undertook infrastructure upgrades for Pratt Institute in Brooklyn, NY. This project involved the installation of new boilers, a structural plaza overhaul, and enhancements to the existing chimney.

The retail and showroom space sector saw JRM's successful completion of projects for brands. For TAG Heuer, JRM constructed a new showroom in Short Hills, NJ, and crafted their flagship on New York City’s 5th Avenue. New stores for Dr. Martens in the Aventura Mall and Dadeland Mall in Miami, FL, as well as the Westfield Valley Fair shopping center in Santa Clara, CA, demonstrated JRM's ability in retail construction. Moreover, Versace boutiques at the King of Prussia Mall in Pennsylvania, South Coast Plaza in Costa Mesa, CA, and Short Hills, NJ, along with the Polestar showroom in Costa Mesa, CA, showcased JRM's skill in retail environments.

In 2023, JRM completed several significant projects for leading healthcare providers including Atlantic Health System and the Hospital for Special Surgery (HSS). For Atlantic Health System, JRM renovated a 1,200 s/f MRI Suite, involving structural modifications for a new MRI machine, alongside upgrades such as a new CRAC unit and interiors. Additionally, a 19,800 s/f area was transformed into a primary care clinic in Metuchen, NJ, featuring exam rooms and improved building systems.

For HSS, JRM completed the Center for Analytics, Modeling, and Performance (CAMP), a 3,045 s/f facility designed to advance musculoskeletal care and research. This project encompassed creating a high-tech data visualization area, executive offices, and collaborative spaces. JRM's work included integrating new mechanical, electrical, and plumbing systems, with specialized installations like fan coil units and a lighting control system.

Looking ahead to 2024, JRM Construction Management looks to build on a year marked by achievements, expansion, and recognition.

READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
The anticipated effect of Basel III and ISO 20022 implementation on commercial real estate - by Michael Zysman

The anticipated effect of Basel III and ISO 20022 implementation on commercial real estate - by Michael Zysman

July 1, 2025 is the deadline for US banks to begin to adopt Basel III banking standards and July 14, 2025 is the deadline for U.S. banks to adopt ISO 20022 messaging standards. Both will have a significant effect on the banking and commercial real estate (CRE) finance sectors.
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,

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
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