News: Brokerage

Two TVGA projects win awards from American Public Works Assoc.

The New York chapter, western branch of the American Public Works Association awarded both the U.S. Rte. 62/N.Y. Rte. 391 project and the Grand Island Bike Path project with 2009 Project of the Year Awards. The U.S. Rte. 62/N.Y. Rte. 391 project involved the complete reconstruction of 3 km of Main St. and Buffalo St. In addition, four roundabouts were constructed, landscaping and architectural elements were incorporated into the project including street lighting, imprinted colored concrete sidewalk, retaining wall/observation area and two green space park areas. TVGA Consultants performed the construction inspection on this project. The Grand Island Bike Path project involved the participation of the town of Grand Island, New York State Office of Parks, Recreation and Historic Preservation (NYSOPRHP) and the Greater Buffalo Niagara Transportation Council (GBNRTC). TVGA provided preliminary and final design documents for a TEA-21-funded bikeway project. This project improved the use of island bike trails by widening and installing separate pathways; building roadside shoulders along East-West Park Rd. in Buckhorn State Park; and extending existing trails to intersect with other roads and pathways. Headquartered in Elma, TVGA Consultants is a full service Engineering firm that has provided attorneys, municipalities, state agencies and authorities, private industry, developers, contractors and federal government agencies alike quality, value-based professional engineering services for more than 92 years. TVGA is proud to employ a highly skilled and diverse staff of civil, transportation, traffic and environmental engineers; scientists; photogrammetrists; and land surveyors from six locations throughout New York.
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.
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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
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
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,