News: Brokerage

Picone Construction continues renovations at The Amberleigh

Williamsville, NY Picone Construction continues renovations at The Amberleigh, 2330 Maple Rd. Renovations include the conversion of existing space to 49 assisted living residential units on the second and third floors, along with 16 memory care units on the first floor. A new entry will be constructed, which includes a free standing porte-cochere and asphalt drop-off drive. The entry and first floor will include a reception area, waiting/lounge area, offices, conference room, new elevator, salon, activity room, dining room, craft room, private dining rooms, toilet rooms, staff lounge, laundry room, storage rooms, and secured fenced in courtyard. The second and third floor common areas will include offices, toilet rooms, laundry rooms, living rooms, and storage rooms. Each of the three floors will include a nurse’s station with a hydrotherapy room. The architect of record is Foit-Albert Associates and the Mechanical and Electrical Engineer is Buffalo Engineering PC. In other news, Picone Construction was honored by Buffalo Business First for being one of Western New York's Top Private Companies, a list of independent, privately held companies in Western New York with rankings based on annual sales of at least $5 million for years beginning in 2013. This year’s event took place Thursday, November 12 at the Lexus Club in First Niagara Center. Picone Construction Corp. has been providing professional construction services to the Western New York area since 1931. The firm specializes in design / build, general contracting, and construction management services. Past projects stand as enduring testimonials to the integrity and commitment that has always characterized their work. Extensive experience and knowledge insures that all clients will receive the quality and value they demand.
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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,

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Strategic pause - by Shallini Mehra and Chirag Doshi

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