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AI Agents move into the building: Infrastructure AI bets that commercial real estate is ready to run itself
Somerset, NJ The commercial real estate industry has spent years talking about smart buildings. A New Jersey company now says it is ready to deliver one that effectively manages itself, and it is aiming
JT Magen delivers expanded NYC flagship for Bonhams
Manhattan, NY JT Magen has completed a new 42,000 s/f, four-story flagship location for Bonhams, the auction house, at 111 West 57th St. JT Magen served as construction manager for the tenant improvement project, overseeing all aspects from budgeting and scheduling, procurement of materials, managing subcontractors and conducting the final handover.
A Legacy of Growth Through Practice Excellence; Forchelli Deegan Terrana LLP celebrates 50th anniversary
Uniondale, NY In 1976, Jeffrey D. Forchelli founded a general practice law firm dedicated to serving local residents and businesses. From the outset, the firm — now known as Forchelli Deegan Terrana LLP — was grounded in excellence
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2026 Ones to Watch - Rising Stars Spotlight out now!
strong>2026 Ones to Watch - Rising Stars Spotlight out now! This is the second installment of NYREJ's annual Ones to Watch series recognizing standout emerging professionals whose drive, talent, and fresh perspective are helping shape the future of New York’s commercial real estate industry. This Spotlight features professionals on the rise and their achievements in the CRE industry.
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.
Legion Investment Group tops out 550 West 21st Street in West Chelsea
Manhattan, NY Legion Investment Group has officially topped off 550 West 21st St., marking a milestone for the West Chelsea development. The 23-story condominium building, designed inside and out by Thomas Juul-Hansen, will feature 83 residences at the center of New York City’s gallery district
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Urbahn Architects, Selldorf Architects and Scalamandre-Tully JV proceed on $121 million Harper St. DOT project
Queens, NY The New York City Department of Design and Construction (DDC), New York City Department of Transportation (DOT) and the design-build team of lead architect Urbahn Architects, design excellence architect Selldorf Architects and builder Scalamandre-Tully JV continue construction work for the $121 million Harper Street DOT administration building and yard redevelopment project at 32-11 Harper St. in the Willets Point section of the borough,
Lionheart Strategic Management provides $111.3 million construction loan for The Bridge
Mineola, NY Lionheart Strategic Management LLC (Lionheart), an affiliate of Fisher Brothers, and Schroders Capital, the private assets division of Schroders, have provided a $111.3 million floating-rate
REBNY celebrates Commercial Sales Most Ingenious Deal of the Year awards
Manhattan, NY The Real Estate Board of New York (REBNY) brought together the industry for the 82nd Annual Commercial Sales Most Ingenious Deal of the Year Awards. The annual event was held
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Soon after I was married, New York’s rent stabilization laws began changing in ways that dramatically affected Manhattan. Over time, many apartments that once enjoyed rent stabilization became
As I write this letter, we are preparing to be at the Annual Conference being held at the Rivers Casino, Schenectady, New York. I look forward to reporting on the conference in my next letter. We have some great courses coming up via Zoom. Please be sure to keep watch on upcoming courses by visiting nyscar.org/resources and tools/professional development.
Q: What is a fair rent increase in a commercial lease? My firm is negotiating a lease on an industrial building, and the landlord is asking for a 4% escalation every year. Is there a standard rent increase for industrial leases? A: There are no standard or published lease escalations. Escalation terms are essentially whatever two parties can agree upon. An alphabet soup of rent escalators was common in the past,
In jazz, the wrong note is rarely the real problem. The real problem is when nobody is listening. After nearly four decades running an architectural practice, teaching architecture
Real estate attorneys are one of the most attractive targets for scammers and fraudsters. Managing escrow accounts, coordinating closings, facilitating wire transfers,
You have a lot of tools at your disposal when it comes to apartment marketing. Of course there are the two main tools: your marketing websites and listings. But savvy marketers
