News: Brokerage

UHGC celebrates topping off of 143,000 s/f New Rochelle nursing home - $56m project

United Hebrew Geriatric Center (UHGC), the multi-service senior living campus, recently celebrated a topping off of the Lucile & Joseph Skalet Pavilion, its $56 million, 143,000 s/f nursing home currently under construction. The new home and renovation of the existing home, the Lola and Saul Kramer Pavilion located on 391 Pelham Rd., is scheduled for completion later this year. UHGC has raised $6.8 million for its capital campaign, Campaign for the 21st Century, and is now raising an additional $3 million to support its building and special programs fund. "This is our time, a time filled with miracles. We are proudly moving forward, renovating, expanding and focused on our bright future. We are filled with pride in our accomplishments and ready to meet the challenges of our future," said Rita Mabli, president and CEO of UHGC. The Lucile & Joseph Skalet Pavilion is a 176-single bedded room residence with a 44-bed rehabilitation floor. Many of the rooms will have views of the Long Island Sound. The home will mimic individual neighborhoods and will create a strong sense of community. Perkins Eastman Architects, PC are the architects and Andron Construction Corp. is the construction manager. Michael Rozen, executive chair of the UHGC board of directors, presented a plaque to Cushman & Wakefield operations manager Dawn Wright for the company's donation of office furniture for the new home. Following the ceremony, during which mayor Noam Bramson and assemblyman George Latimer addressed the audience, Mabli led donors, board members, staff and administration on a hard-hat tour of the new nursing home.
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,

AI comes to public relations, but be cautious, experts say - by Harry Zlokower

AI comes to public relations, but be cautious, experts say - by Harry Zlokower

Last month Bisnow scheduled the New York AI & Technology cocktail event on commercial real estate, moderated by Tal Kerret, president, Silverstein Properties, and including tech officers from Rudin Management, Silverstein Properties, structural engineering company Thornton Tomasetti and the founder of Overlay Capital Build,
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
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