News: Brokerage

Picone Construction honored for restoration of Old Post Office / ECC City Campus

At the 6th Annual Preservation Awards Ceremony held May 30th, Picone Construction, among others, had been honored for their work for historic preservation and restoration in the Buffalo Niagara area. The Erie Community College / Old Post Office located at 121 Ellicott St. received the Peter B. and Genevieve R. Flickinger Stewardship Award. Restoration included replacement of the building's roof, granite and mortar repair of exterior stonework, repair of the tower, entrance and exit repairs, stairway and marble replacement, restoration of fourth-floor art glass, installation of four copper rooftop finials, and repair and reconstruction of all windows and window frames. In addition, the Oak St. loading dock was repaired and the porte cochere partially dismantled, parts rebuilt, and reassembled.
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Columns and Thought Leadership
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
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
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,