News: Brokerage

Picone Construction to build new 13,000 s/f health and wellness facility

Picone Construction has been awarded the single prime contract as general contractor for the construction of a new primary care/wellness facility for the Horizon Health Management Group. The 13,000 s/f facility will consist of a gymnasium, fitness area, men's and women's locker rooms and restrooms, examination rooms, offices, waiting area and a conference room. Site work will include an ample parking area, lush landscaping and a pond. The exterior finishes will consist of stone veneer combined with fiber cement siding and a standing seam metal roof. Work has commenced and is scheduled to be completed in approximately 10 months. Picone Construction Corp. has been providing professional construction services to the Western New York area since 1931. The firm specializes in general construction, construction management and design/build services.
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Columns and Thought Leadership
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
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
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,
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,