News: Brokerage

Union Graduate College breaks ground on $8 million bldg. project

On June 13, Union Graduate College broke ground on its new $8 million, 24,000 s/f campus in the downtown area. The new Graduate Center will be located at 80 Nott Terr., at the corner of Liberty St.  The campus is a 1.5 acre site and includes a three-story, 24,000 s/f building.  One-third of the site will be devoted to green space. The Graduate Center, expected to open in fall of 2009, will be constructed of a combination of masonry, metal panels and a glass "curtain wall." The building will provide students with "one-stop" shopping for student services such as admissions, registration, and financial aid. It will also include computer labs, conference facilities and faculty offices.  The building has been designed with a variety of meeting spaces, many offering spectacular views of downtown and the greater Mohawk Valley. The Graduate Center will also include the Robb Center for Principled Leadership. Through the vision and generosity of Walter Robb, a Union Graduate College trustee, retired executive of General Electric and a highly regarded Capital Region business leader, this multi-dimensional center will encompass a broad range of learning experiences to help students and the community, develop the leadership skills, knowledge and values that employers seek.   Commitments have been secured for more than half of the $8 million building costs, through both public and private sources. Grants include: * U.S. senator Charles Schumer (D-NY): $198,000 Federal Budget Appropriation * Senator Hugh Farley (R-Niskayuna): $1 million NYS Legislative Grant * Empire State Development: $1 million budget initiative * Higher Education Capital Matching Grants Program: $180,000 * Wright Family Foundation: $100,000 * Schenectady Foundation: $75,000
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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 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
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,