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Callahan Construction completes Rose Associates’
440-unit Alexander Crossing apartment community

Yonkers, NY Callahan Construction Managers (Callahan) has completed construction of the new Alexander Crossing apartment community. The seven-story project was developed by Rose Associates and designed by Perkins Eastman.

Greater Binghamton Chamber of Commerce joins The Manufacturers Alliance of NY

Binghamton, NY The Greater Binghamton Chamber of Commerce has joined The Manufacturers Alliance of New York, led by MACNY, The Manufacturers Association, to bolster manufacturing advocacy and workforce development in the southern tier region. The Alliance

The state of commercial real estate debt markets - by Michael Zysman

Today’s banking environment for commercial real estate can be defined as a period of low liquidity and lingering distress. Much of this distress is due to banks having made aggressive loans in the COVID era, coupled with the functional obsolescence of many

Ariel Property Advisors arranges $27 million in loans

Brooklyn, NY The Capital Services Group for Ariel Property Advisors (Ariel) arranged nine separate financing transactions totaling more than $27 million for properties in Brooklyn, Upstate New York, Connecticut, Pennsylvania, Texas and New Mexico. These

City of Yes for Housing Opportunity: Improving the ability to transfer a landmark's development rights - by Michael Smith and Robert Huberman

New York City real estate owners and developers have long asked us about transferring unused development rights from an individual landmark to a site across the street, through a 74-79 Special Permit issued by the City Planning Commission (CPC). While these transfers have

McHugh Furnishings acquires Professional Furnishings & Equipment

Uniondale, NY McHugh Furnishings, a provider of specialty furnishings for education, healthcare, entertainment, and multifamily housing has acquired Professional Furnishings & Equipment (PFE), a Buffalo-based company with additional offices in Syracuse and

What is estoppel? - by Thomas Kearns

While real estate professionals should be familiar with the term “estoppel,” the legal doctrine of estoppel has a surprisingly wide reach. Estoppel is a legal principle that prevents someone from denying a fact that they previously agreed to. In real estate,

Strader of Silverstein Properties leases 11,465 s/f to GACC NY at 120 Wall St.

Manhattan, NY Silverstein Properties signed a relocation agreement with the German American Chamber of Commerce in New York (GACC NY) at 120 Wall St. Established over 75 years ago to promote commerce between Germany and the United States,

Capitol Fire Sprinkler begins new installation and system upgrades at 40,000 s/f 92nd St. Y

Manhattan, NY Capitol Fire Sprinkler has been retained for a second project at the 92nd St. Y. The fire protection firm is providing system upgrades at the cultural and education center, located at 1395 Lexington Ave.

The dark reality behind New York City's photoluminescent glow-in-the-dark safety laws - by Robert Katz, Brent Katz and Art Forst

In July 2006, five years after the tragic events of September 11, 2001, New York City introduced Local Law 26, a measure symbolizing a collective resolve to prioritize safety in the face of disaster. The law mandated the installation of building code-compliant photoluminescent