News: Brokerage

Lupini Construction to complete $2.7 million fix-up

The brickwork at the headquarters of the state comptroller's office in downtown Albany may appear to be over now that the scaffolding is gone. But that was just phase one of the $1.79 million fix-up which state officials say is on track. The "Taj McCall," as 110 State St. is called in honor of former comptroller Carl McCall, underwent substantial brick repair this past summer and fall, but Lupini Construction of Utica, only got to the front of the building. The crews will return soon to do the sides and back of the building and work is expected to be completed this summer, said Heather Groll, a spokeswoman for the state Office of General Services. The building was erected 11 years ago under McCall's sponsorship, at a price tag of $84 million. It started breaking apart about three years ago. The 15-story tower, just downhill from the Capitol, is supposed to get about 30,000 new bricks to replace those that have started crumbling, causing dangerous conditions for pedestrians on the busy sidewalks of downtown. Phase One cost $766,000 and was finished in November, including corners of the building, according to Jennifer Freeman, the comptroller's spokeswoman. The total cost of the project is to be $2.7 million including consulting, scaffolding and hiring oversight experts, she said. Reprinted from timesunion.com
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
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.
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
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,