News: Brokerage

Schenectady County library expansion headed for spring completion

The latest investment in downtown - an expansion of the public library headquarters - has been a long time coming. Library supporters and local officials started talking about the need to expand and renovate the main branch more than a decade ago. A master plan unveiled in late 1999 envisioned $8.3 million in improvements to the 1970s-era building. Fast forward through many debates - and two recessions later - and a scaled-down version of the project is on its way to being finished. Completion is expected in late spring. The 6,700 s/f expansion will feature a new children's area, and allow for more computer terminals for patrons. The first floor, lobby and restrooms are also being upgraded. To pay for the project, the Schenectady County Legislature approved $1.5 million, to be matched by private grants and donations secured by the Library Board of Trustees. Reprinted from The Business Review
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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,

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,
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