Category: Spotlight Content
Debt cancellations and modifications - by Sandy Klein
May 30, 2023
The “R” word (recession) is back in vogue. The current economic climate marked by rising interest rates, bank failures and consequential stricter lending standards, is putting a damper on economic activity. Economic downturns have a direct correlation with debt servicing. This article takes
Enhancing accessibility: ADA compliance solutions for real estate - by William Gati
May 30, 2023
As the real estate community continues to develop and innovate, one crucial factor that property owners must address is accessibility. Accessibility in the built environment is a paramount concern that impacts millions of individuals with disabilities daily. The Americans with Disabilities Act (ADA) was
Sports stadiums and real estate value - by John Rynne
May 30, 2023
As a long time Buffalo Bills fan since their beginning in 1960 and as an appraiser since 1973, I’ve always been fascinated by the impact of sports stadiums on real estate values. Coincidently, 1973 marked the opening of the brand new 80,000 seat stadium in the Buffalo suburb of Orchard Park
State of the Long Island office and retail sales market: Why nothing is for sale (examined) - by Ron...
May 30, 2023
Mention you are a physician to anyone within earshot and you will be barraged with a slew of health-related questions. Mention you are a commercial real estate broker and only one question comes to mind, how is the market? That is the question whose roots date back to the first
Building automation and artificial intelligence creates new cybersecurity threats - by Richard Luna
May 30, 2023
Cybersecurity threats are changing on a daily basis with criminals and bad actors constantly looking for vulnerabilities. Through the increased use of cloud applications, real estate managers and owners seek to enhance tenant and visitor experiences; they are, at the same time, creating new cybersecurity
After the New York City parking garage collapse - by C. Jaye Berger
May 30, 2023
Property owners will be surprised to hear that there are already new laws in place to cover the periodic inspection of parking garages not unlike Local Law 11 for facades. It is also reminiscent of years ago when property managers would come up to the roof of co-op buildings
Parking garage condition assessments New York state and New York City requirements - by Chris Krepci...
May 30, 2023
In April, a parking garage collapsed in lower Manhattan, killing one person and injuring five others. While the cause is still under investigation, structural issues are believed to be to blame for the tragic collapse. Recent changes were put into effect to prevent future negligence and destruction
Industrial development agencies’ facilitating change and communities on the rise - by Stacey Dunca...
May 30, 2023
Industrial Development Agencies (IDA) all across New York State serve a critical role in their region’s economic growth and community revitalization. In a glimpse, one can easily assume the economic impacts of IDAs stop with the traditional metrics such as the retention and creation
The legal nuances surrounding MSG’s plea for permanent residence - by Christine Varghese
May 30, 2023
Madison Square Garden (MSG) has played host to some of the most memorable entertainment events in history, from the unforgettable moment when Joe Frazier was awarded the heavyweight title against Muhammad Ali, to John Lennon’s last major concert performance, and the exhilarating victory of the
2023 Ones to Watch Rising Stars: Mandeep Banwait, AKF Group
May 17, 2023
What recent project, transaction or accomplishment are you most proud of? BIDMC East Campus Power Separation project. AKF has been working for several years on this multi-staged project to upgrade the entire electrical infrastructure of an existing active in-patient healthcare building.
2023 Ones to Watch Rising Stars: Chris O'Connor, Reidy Contracting Group
May 16, 2023
Number of years at firm: 11 One thing on my bucket list: Attend the tuna auction in Tokyo When I am not working, I am: Exploring the city, whether it is a new restaurant, concert, or park there is so much to take advantage of.
2023 Ones to Watch Rising Stars: Jake Misisco, Lionheart Strategic Management, LLC
May 16, 2023
Number of years at firm: 7 One thing on my bucket list: Visit Egypt – the pyramids and hieroglyphs are fascinating, and I would love to travel and see them myself. What recent project, transaction or accomplishment are you most proud of? Over the course of my career at Lionheart, I’ve originated and assisted on almost $1.4 billion of loans, which I’m very proud of.
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