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Parents and school admins are buying security equipment that won’t protect children – why? - by ...
August 21, 2018
Salesmanship and fear are the two main reasons. Fear because active shooter events are more commonplace than a few years ago. The recent discovery in New Mexico of abducted children being trained to carry out armed attacks at schools is frightening. Since the federal government won’t address some of the underlying issues of gun violence by creating sensible legislation maybe they can concentrate instead on finding the horrifying number of missing kids that occur every year in America 1. Just saying.
“Biophilic Design: The Architecture of Life” – It’s a journey worth taking - by Steven Schl...
August 17, 2018
We did not coin the headline of this article. It’s the title of a documentary about the relationship between the natural world and built environment; how deprivation from being around nature negatively affects us; and how being around nature is beneficial to our health, state of mind and productivity.
Underfunded reserves: A community’s nightmare when facing a replacement project - by Andrew Amoros...
August 21, 2018
The primary purpose of a Capital Reserve Study is to offer recommendations as to the amount of monies an association or other form of ownership should fund on a yearly basis for the future replacement of commonly owned elements of a single or multifamily development. The analysis and recommendations are important in that they help to avoid possible future special assessments of the individual unit owners. It should take into account the site-specific existing conditions, their useful life, and the realistic replacement costs based upon actual material costs and the site specific individual item’s method of reconstruction.
Why you should pay attention to tax classes 2A and 2B - by Richard Velotta
August 21, 2018
Consider this scenario: You’re a multifamily investor and encounter the perfect value-add, 24-unit, walk-up building in Brooklyn…
The term sheet: A necessary step in cutting a lease deal - by Shane O’Neill
August 21, 2018
The first written exchange between a landlord and a prospective tenant is often a term sheet1 describing the proposed deal. While we all know that the term sheet is a non-binding document (the lawyers see to that), it is the first step in the dance…
Engel Burman, Northwell Health and BBS receive site plan approval for $90 million, six-building Well...
December 31, 2018
Calverton, NY Developer The Engel Burman Group, partner and operator Northwell Health, and architect and engineer BBS Architects, Landscape Architects and Engineers received site plan approval from the town of Riverhead for the 134,000 s/f, $90 million, six-building Wellbridge Residential Substance-Abuse Treatment Campus located on 40 undeveloped acres.
Construction begins on $10.7 million Route 787, Cohoes conversion project
August 21, 2020
Cohoes, NY According to governor Andrew Cuomo, work has commenced on the $10.7 million project to convert Route 787 into a boulevard, creating a welcoming, pedestrian-friendly gateway to the Spindle City. The project will restore the connection between the east and west sides of the city with a roadway featuring
Law: Owners beware: Payment bonds must be filed with county clerk - by Joseph Asselta
August 21, 2018
Either at its own election, or because a construction lender requires it, many owners of construction projects require their general contractor to issue a labor and material payment bond, which essentially serves to guarantee prompt payment to those who supply labor, material and equipment to the project…