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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  

SIOR: More CRE Transactions Stay on Schedule


The commercial real estate industry is gradually getting a handle on how to do business during a pandemic, according to the results of the August Sentiment Survey from SIOR. Back in April, only 26.1 percent of transactions were proceeding according to schedule, but that figure increased to 45.2 percent in the latest survey. Parallel to… Read more »

What We Can Learn from Lewis and Clark


by Kalmon Dolgin During breaks from business-related work and trying to maintain sanity, I have been reading the story of the Lewis and Clark expedition, Undaunted Courage.  I am struck by the similarities and lessons that we can learn from this venture which took place nearly 220 years ago, yet it remains relevant to the… Read more »

Commercial Real Estate in the Age of the COVID-19 Virus


So what can the property industry do to immediately respond to COVID-19? The first thing that any property should do is educate its tenants. Whether the building is multifamily, offices, retail, or any other space, building tenants need to be aware of what steps they can take to prevent more people from getting sick. In IREM’s… Read more »

Plastics Cost The Earth, But There Are Alternatives


The facts about plastics pollution make for grim reading. According to a Plastic Oceans report, 350 million tons of plastic are produced every year, more, they say, than the combined weight of 7.7 billion human beings in the world. Eight million tons of plastic go into the oceans every year, a volume that could increase… Read more »

The ‘Dangerous’ Ruling To Cut Down Skyscraper Could Reset Playing Field For NYC Developers


Credit: SJP Properties/Mitsui Fudosan America  – 200 Amsterdam A stunning decision from the New York State Supreme Court that could force developers to tear down already-built floors from their Manhattan skyscraper could have massive implications for other buildings in the city under construction — and possibly some that are already built. BISNOW

The squeeze on resi brokerages is forcing consolidation, cooperation


Residential firms are going lean. Call it a sign of the times that these days brokerage executives show off their smarts by pulling out financial statements and reviewing expenses line by line. “Everybody is doing that right now,” said Steve Murray, president of Real Trends, which analyzes brokerage valuations. The question is whether they’re making… Read more »

Food and beverage sector gains ground in warehouse leasing


Home of the Blue Point Brewery and event space with 100,000sf of space on nearly 10 acres at Patchogue Lake, with great water views and an iconic clock tower as it’s focal point. A recent multi-million-dollar renovation was made to accommodate the brewery which is equipped with an entertainment venue as well as tasting rooms… Read more »

One Year Later: Looking Back at Amazon Ditching Queens


After Amazon decided they wouldn’t move their HQ2 to Long Island City after all, effectively breaking the NYC real estate industry’s heart, Queens is getting back to business with steady leases. “Amazon taught us a lot. It was proof that the LIC waterfront can be a strong commercial destination, but one of the main criticisms… Read more »

Modular Is Poised For Greatness — If Only CRE Understood How To Use It


Nationally, modular construction accounts for just about 5% of all commercial construction, per the Modular Building Institute. But it is gathering strength, and market value for modular in new real estate construction could hit $130B in Europe and the U.S. in the next decade, according to McKinsey & Co. In New York City, where real… Read more »

Resident and Tenant Retention Strategies for 2020


For managers of commercial and residential buildings, retaining tenants and residents is a perennial item on the to-do list. Whether it’s adding new high-tech features or fine-tuning procedures, the time is right to take a hard look at retention strategies for 2020. Owners and property managers must continuously ask themselves a crucial question: What’s the… Read more »

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