News: Brokerage

Picone Construction continues interior renovations to The Parish Commons

Picone Construction Corp. continues work on renovations to The Parish Commons located at 656 Elmwood Ave. Renovations included minor demolition, carpentry, drywall, insulation, painting, wood framing, and installation of wood flooring and new stairs. Picone Construction has completed the replacement of Kenmore Mercy Hospital's cooling towers located at 2950 Elmwood Ave., Kenmore. The project consisted of demolition and replacement of existing cooling towers with three new cooling towers. Installed on a new structural steel framing system over existing concrete piers. Work also included all rework and extension of existing mechanical, electrical and plumbing systems as required for installation of the cooling tower units as well as demolition, removal and replacement of existing support steel and maintenance platform. This was an owner occupied site during all phases of construction. The architect for this project was Kideney Architects, PC.
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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,

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
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,
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