News: Brokerage

Suffolk names Carolyn Gallagher vice president of Preconstruction

New York, NY Suffolk announced the hiring of Carolyn Gallagher as vice president of Preconstruction. In this role, Gallagher is responsible for leading Suffolk New York’s preconstruction team and collaborating closely with Business Development, Pursuit Management and Operations to pursue and manage sophisticated projects in the region. 

“Suffolk continues to attract top-tier, talented leaders and construction professionals as we build our operation and extend our reach in the New York region. Carolyn’s broad industry experience, strong relationships and in-depth understanding of the construction process will help position Suffolk as a key player with clients in this market,” said Ralph Esposito, president of the Northeast, New York and Mid-Atlantic regions for Suffolk. 

Gallagher recently joined Suffolk from Hunter Roberts Construction Group, where she served as vice president, chief estimator. Prior to her tenure at Hunter Roberts, she worked for Turner Construction Company and was part of the project management team on the iconic World Trade Center Transportation HUB. Other high-profile projects in which Gallagher was involved include the refurbishment of Madison Square Garden, World Trade Center Tower Two and the Brooklyn Nets Arena. Gallagher earned a degree in Civil Engineering from the University of Glasgow and worked on a variety of projects in Europe, including the Danish Nationall Opera, Copenhagen.  

“I was drawn to Suffolk because of the entrepreneurial spirit of its New York team, but also because their use of technology is above and beyond anything I’ve seen or experienced in the industry,” Gallagher said. “This new role is an opportunity for me to work at a company that is pushing the boundaries of innovation and managing construction of some of the most complex and sophisticated projects in the country. I could not be more excited to be a part of this team.”

Since entering the New York market, Suffolk has been involved in numerous projects, including The New York Public Library, The Jamaica Armory, The Quay at Brooklyn Bridge Park, 14th @ Irving, Summit NYC at 222 East 44th St., and multiple projects at New York University. Suffolk is currently focused on the healthcare, life science, distribution/warehouse, residential, and commercial sectors, among others.
 

MORE FROM Brokerage

SABRE coordinates sale of six properties totaling 199,845 s/f

Huntington, NY SABRE Real Estate Advisors has completed the sale of six commercial properties across Long Island and Northern New Jersey, further underscoring the firm’s strength as a trusted partner in complex real estate transactions. The deals were led by executive vice presidents Jimmy Aug and Stu Fagen, whose combined expertise continues to drive exceptional results for clients across the region.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
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
Lasting effects of eminent domain on commercial development - by Sebastian Jablonski

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

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.
Lower interest rates and more loan restructuring can help negate any negative trending of NOI on some CRE projects - by Michael Zysman

Lower interest rates and more loan restructuring can help negate any negative trending of NOI on some CRE projects - by Michael Zysman

Lower interest rates and an increased number of loan restructurings will be well received by the commercial real estate industry. Over the past 12 months there has been a negative trend for NOI for many properties across the country.