News: Brokerage

Technico Construction Services breaks ground on 65,000 s/f PS82

Brooklyn, NY Work has officially commenced at Technico Construction Services latest New York City School Construction Authority (NYCSCA) project, PS82 at 63-14 14th Ave. This new $63.711 million ground-up middle school will soon become an educational hub for over 450 students, spanning four floors and 65,000 s/f. Designed by the DLR Group, PS82 will offer a learning environment, including: a gymnatorium, full-service cafeteria, multiple science labs, modern library, and a dedicated exercise room.

The building’s concrete superstructure, wrapped in a distinctive green motif rainscreen, will be heated and cooled by an all-electric HVAC system, which is part of the NYCSCA’s initiative to reduce carbon emissions and promote energy efficiency. Adding to its sustainability features, the school will include a 1,400 s/f vegetative roof, which will naturally filter rainwater and serve as a thermal barrier – helping keep the building warm in winter and cool in summer.

Scheduled to open its doors in late 2026, PS82 is set to become a space where students can thrive.

MORE FROM Brokerage

AmTrustRE secures 5,754 s/f lease with GKV Architects at 360 Lexington Avenue

Manhattan, NY AmTrustRE has executed a 5,754 s/f lease at its premier boutique Midtown East office tower, 360 Lexington Ave., with longtime partner GKV Architects. The award-winning firm will occupy a portion of the 14th floor. >“GKV Architects has been a trusted partner to AmTrustRE for over two decades, playing an integral role in shaping and elevating several
READ ON THE GO
DIGITAL EDITIONS
Subscribe
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,

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
The anticipated effect of Basel III and ISO 20022 implementation on commercial real estate - by Michael Zysman

The anticipated effect of Basel III and ISO 20022 implementation on commercial real estate - by Michael Zysman

July 1, 2025 is the deadline for US banks to begin to adopt Basel III banking standards and July 14, 2025 is the deadline for U.S. banks to adopt ISO 20022 messaging standards. Both will have a significant effect on the banking and commercial real estate (CRE) finance sectors.
The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

There was a time when an offering memorandum (OM) was pretty bare bones, some photos, a few bullet points on income, and a rent roll thrown in at the back. That used to get the job done. Not anymore. In 2025, buyers are sharper, faster, and more selective. They’re looking