News: Brokerage

Maldonado of Cresa NY assists in rebuilding efforts of Puerto Rico

Samuel Maldonado, Cresa NY

NEW YORK, NY Cresa New York’s research director, Samuel Maldonado, traveled with a team of New Yorkers to Puerto Rico’s Mayaguez municipality to re-build homes for families still uprooted by Hurricane Maria. Maldonado’s projects were located in Anasco, a small town approximately 2.5 hours from San Juan, which was especially hard-hit by the storms and difficult to reach by relief crews. He and the group completed three houses and restored one other during their week on the island in May.

“This was a deeply moving experience that enables me to look at life differently now,” said Maldonado. “While grateful for everything we have here, I intend to continue to provide help on future projects where needed.”

The re-building project was organized by The Legacy Center and Support Cares, which were responsible for the travel expenses. The New York office of Cresa supplemented the charitable initiative with additional funds, as did several of the firm’s brokers.

Cresa managing partner James Pirot said, “The positive response to Sam’s participation in the project from this office was unanimous. We were glad to have the opportunity to contribute funds to the rebuilding efforts and are very proud of our colleague’s work.”

In addition to helping construct three new homes, Maldonado assisted in repairing a fourth for another family in need. Slated for roof repairs, only, Maldonado and his team managed to completely renovate the house by replacing the ceiling, floors and walls.

Maldonado has more than 26 years of experience in commercial real estate. His work at Cresa encompasses market research, propriety database enhancement and product development. He plans to continue relief efforts in collaboration with The Legacy Center, whose motto is: “We aspire to not only help people in their situations, but out of their situations.”

READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
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,
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.
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