News: Brokerage

Mohawk Hall at SUNY Canton improvements complete; $4 million project part of $47 million in capital projects at SUNY Campuses

Canton, NY According to governor Andrew Cuomo, a $4 million project to improve Mohawk Hall at SUNY Canton in St. Lawrence County is complete. The project is part of $47 million in Capital Projects being completed on SUNY campuses statewide by DASNY.

“This investment helps put SUNY Canton on the map as a competitive, 21st century school offering top-notch living and community space for students,” governor Cuomo said. “Making these necessary improvements will help New York continue to attract the best and the brightest to the Empire State and support the development of the next generation of leaders.”

 The $4 million improvement project included the total rehabilitation of one of the three wings in Mohawk Hall. The project included installation of new electrical and heating systems, renovation of 36 rooms and 12 bathrooms, and new furniture purchased for the wing. As a whole, the upgrades make the wing brighter and more modern.

The project was financed through DASNY’s SUNY Dormitory Facilities Program, which issues low-cost tax-exempt bonds supported by student residence hall fees.

Mohawk Hall also houses the college’s “Pet Wing.” Since 1997, the “Pet Wing” has enabled students to bring a variety of pets with them to live on campus, including cats, ferrets, rabbits, hamsters, gerbils, and fish. There are about 140 beds available in the “Pet Wing.” SUNY Canton was twice named to Petside.com’s Top 10 Pet Friendly Colleges list, and Great Value Colleges.net named the college as one of the best in the U.S. for animal lovers.

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