News: Brokerage

Thru the Lens: Skanska has received the 2010 "Friend of the Park" award

Skanska has received the 2010 "Friend of the Park" award at the Friends of Hudson River Park's annual gala that was held on May 6. The award was presented by Friends of Hudson River Park co-chair and chairman of The Durst Organization, Douglas Durst. The presentation was in recognition of Skanska's management and redevelopment of multiple projects in Hudson River Park, along with Skanska's overarching commitment to public spaces within New York City. The event began with a preview reception in the soon-to-open Chelsea section of Hudson River Park at 22nd and 23rd Sts., followed by dinner at Martha Stewart Living Omnimedia headquarters in the Starrett-Lehigh Building. James Robinson of Skanska was included in the speaking program and Martha Stewart served as the honorary chair of the event. "We are proud to receive recognition from Friends of Hudson River Park for our work on a project with such a tremendous significance for the residents of our city," said Robinson, VP and account manager for the Metro New York Area at Skanska USA Building. "We look forward to continuing to maximize open space opportunities in New York City." Skanska worked closely with the Hudson River Park Trust, the joint city-state agency responsible for operating and maintaining the Park, and the community in managing multiple segments of building and redevelopment projects in Hudson River Park, including large sections of Clinton Cove, Pier 95 and 96, the boathouse at 56th St., Pier 64, Pier 84 and Pier 86, the home of the Intrepid Sea, Air & Space Museum. Skanska is proud to have assisted in Hudson River Park's construction while minimizing its impact on the environment and native wildlife. Other award recipients included Lynden Miller, public garden designer and Director of the Conservatory Garden in Central Park, who was honored for her thoughtful design and contributions to many of the public gardens in New York City and Ross Graham for her service to the Friends of Hudson River Park, Manhattan's West Side and the New York State Senate. Graham currently serves as a Board Co-Chair to Friends of Hudson River Park.
MORE FROM Brokerage

REALM, DelShah Capital and A.M. Properties acquire 377,000 s/f CitySpire office condominium

Manhattan, NY REALM, in partnership with DelShah Capital and A.M. Properties, acquired  CitySpire, a 377,000 s/f office condominium comprising 24 floors within the 70-story tower at 156 W 56th St. in Midtown. Adjacent to Central Park with transit access and amenities, CitySpire is a Class A office asset located in one of the city’s most sought-after office corridors.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
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 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
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.
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,