News: Brokerage

KCCM completes University of Albany Mohawk Tower renovation

A full renovation of the University of Albany SUNY Mohawk Tower for the Dormitory Authority of the State of New York (DASNY) has been completed by Kirchhoff-Consigli Construction Management (KCCM) in time for students to move in for the Fall semester. "It's been a pleasure working with representatives from the DASNY, the Facilities Management team at the University of Albany, as well as the architect teams at Cannon Design and Architecture + to successfully complete this massive renovation in the heart of an occupied campus. We are proud to have been part of such a transformative project," said Mike Winters, KCCM project executive. The 100, 000 s/f, 24-story residential high-rise, located at the center of the Indian Quadrangle Residence Hall complex on campus, was originally built in 1972 and needed extensive exterior and interior renovations and upgrades. Working with Architecture +, a local design firm, all 2,200 windows have been replaced with energy efficient, awning-style operable windows. In addition to exterior repairs to the precast concrete façade and doors, the entry vestibule has been reconfigured to create a two-story weather-tight entry. Inside, the tower houses 440 beds and contains lounge and multipurpose spaces and a weather observatory on the roof level. With Cannon Design, KCCM renovated the interior spaces and installed new mechanical, electrical, fire protection and plumbing systems and made elevator improvements, bringing the building up to current standards, codes and regulations. In addition to Mohawk Tower, KCCM is also working with Architecture + on exterior restoration at Stuyvesant, Livingston and Eastman Towers, all residence halls which define the University of Albany's campus.
MORE FROM Brokerage

REALM, DelShah Capital and A.M. Properties acquire 377,000 s/f CitySpire office condominium

Manhattan, NY REALM, in partnership with DelShah Capital and A.M. Properties, acquired  CitySpire, a 377,000 s/f office condominium comprising 24 floors within the 70-story tower at 156 W 56th St. in Midtown. Adjacent to Central Park with transit access and amenities, CitySpire is a Class A office asset located in one of the city’s most sought-after office corridors.
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.
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
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,

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