Remember when? January 28, 1997

A groundbreaking ceremony was held recently to mark the start of construction of Phase I of the College of Aeronautics' expansion program. The $10.1 million in work is the first element of a larger program of upgrades that the College of Aeronautics is undertaking to secure the institution's place as a technologically cutting-edge member of the aviation industry. York Hunter is the construction manager for the work in Phase I, which includes a new hangar/laboratory building, classroom building with an observation tower, engine observation cell building, and a new entrance lobby for the existing facility. York Hunter will also manage site landscaping and other site development as part of the first phase.

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AmTrustRE completes $211m acquisition of 260 Madison Ave.

Manhattan, NY AmTrustRE has completed the $211 million acquisition of 260 Madison Ave., a 22-story, 570,000 s/f office building. AmTrustRE was self-represented in the purchase. Darcy Stacom and William Herring

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Polsinelli and Curcio of Compass arrange 22,000 s/f Urban Umbrella lease

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Madore of Largo Capital arranges $2.7 million mortgage refinancing

Columns and Thought Leadership

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,

Lasting effects of eminent domain on commercial development - by Sebastian Jablonski

The state has the authority to seize all or part of privately owned commercial real estate for public use by the power of eminent domain. Although the state is constitutionally required to provide just compensation to the property owner, it frequently fails to account

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

Behind the post: Why reels, stories, and shorts work for CRE (and how to use them) - by Kimberly Zar Bloorian

Let’s be real: if you’re still only posting photos of properties, you’re missing out. Reels, Stories, and Shorts are where attention lives, and in commercial real estate, attention is currency.