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Navigating New York’s new TCO process


The pinnacle of any construction project is the issuance of the Certificate of Occupancy (CO), albeit temporary or final. These documents, distributed by the NYC Department of Buildings (DOB), grant the legal occupation of a new development or an existing building under construction in NYC. The process can be daunting and lengthy, but extremely necessary… Read more »

Landlords lead push to get city back to work


Some of New York’s leading commercial landlords are joining the campaign to get the city back to work. Governor Andrew M. Cuomo announced that 21 city landlords are part of his New York Forward COVID-Safe Offices partnership to expand access to COVID-19 testing for employers. As part of the initiative, the landlords have committed to… Read more »

How retail owners can take advantage of new trends


The retail industry and its real estate component are evolving more rapidly than ever. Today, the typical consumer is much better educated and price savvy about their merchandise choices than they had been in the past and often know in advance what specific item they want to purchase. To complicate matters, the competition from online… Read more »

With offices still mostly empty, landlords amp up Covid tests


Creating testing centers for Covid-19 is all part of an effort to lure workers back to offices, which have been largely empty since the pandemic hit almost a year ago, shutting down Manhattan skyscrapers. Landlords are seeking ways to repopulate their buildings after earlier attempts—including beefing up virus safety measures and lobbying the city’s finance bosses—had… Read more »

New York City CRE Sales Reach $11B in H2: REBNY


The Real Estate Board of New York (REBNY), the City’s leading real estate trade association, today reported that broker confidence rebounded in the last quarter of 2020, after three consecutive record lows, as the COVID-19 vaccine continues to roll out throughout the City and State. According to REBNY’s Q4 2020 Quarterly Real Estate Broker Confidence… Read more »

New REBNY Report Shows Broker Confidence in Real Estate Market Experiences an Uptick After Record Lows


The Real Estate Board of New York (REBNY), the City’s leading real estate trade association, today reported that broker confidence rebounded in the last quarter of 2020, after three consecutive record lows, as the COVID-19 vaccine continues to roll out throughout the City and State. According to REBNY’s Q4 2020 Quarterly Real Estate Broker Confidence… Read more »

How COVID-19 Could Bring New Opportunities for Commercial Real Estate in 2021


by Neil A. Dolgin  It’s no secret that the collateral damage to virtually every industry wrought by the pandemic over the past year has been swift and unprecedented.  Commercial real estate (CRE) hasn’t been spared. Following the nationwide lockdown last spring, CRE firms both large and small have been forced to downsize, digitize operations and… Read more »

Design dynamos take 55,000 s/f at BNY


The Brooklyn Navy Yard Development Corporation (BNYDC) has signed leases with two design and manufacturing companies at the newly renovated Building 127, the last of the Yard’s historic buildings to be restored. Smart Design, one of the country’s leading strategic design consulting firms, and Daedalus Design & Production have signed long-term leases to relocate to… Read more »

$2B Flushing Waterfront District Approved By City Council


Rendering of the Flushing Waterfront District via Jeff Stikeman Architectural Art After a year filled with political resistance to new developments, the New York City Council approved the Flushing waterfront development Thursday afternoon after several delays. Developers United Construction & Development Group, F&T Group and Young Nian Group are set to create a new district… Read more »

Second Lockdown Lessons From World Cities That Just Went Through It


As New York leaders warn that the state will likely return to the harsh lockdown measures of the spring — and other parts of the country face a similar fate as coronavirus cases and deaths reach new records — business owners abroad who have gone through multiple shutdowns help paint a picture of what may… Read more »

Optimizing Building Performance During a Crisis Requires Finding the Right Baseline


33 Nassau Ave, Brooklyn. Buildings are big, complicated structures. They have hundreds of pieces of equipment that work together in a symphony of heating and cooling, exhausts and intakes, switches and controllers, all firing up and shutting down in an intertwined daily rhythm. Normally, a building can count on the predictable consistency of its occupants… Read more »

How KDA Has Helped Tenants Weather the Pandemic – and Why Commercial Real Estate May Rebound Faster Than Most People Think


By Neil A. Dolgin Nearly nine months into the pandemic, the long-term impact on commercial real estate is still anybody’s guess as virtually every industry continues to feel the economic fallout. Over the past month in New York City alone where life finally appears to be returning to some normalcy, multiple hotels, including the Times… Read more »

KDA Thanks Our Staff and Brokers


“We are in the midst of a new chapter in the history of our country but it does have parallels in the past and it’s our aim to take you with us on this fantastic journey to not only survive the present but to conquer and expand your opportunities.  We have the insight, the hindsight… Read more »

City Planning Commission Greenlights Industry City Rezoning


Despite the opposition of the local city councilmember, the City Planning Commission today approved the controversial rezoning of Industry City in Sunset Park, Brooklyn, which is expected to generate several hundred thousand square feet of new commercial space. Commissioner David Burney was the only member of the planning board to vote against the proposal, which… Read more »

Amazon Delivers Hope to Brooklyn Office Market


The coronavirus has slowed an already lagging Brooklyn office market, but Amazon Music has signed a lease in a new Williamsburg building that has local brokers feeling optimistic. Amazon’s music streaming service took 40,000 square feet of production space at Rubenstein Partners and Heritage Equity Partners’ 25 Kent. Commercial Observer  

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