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New York CRE News Q3 2017

New York CRE News

Bringing you the latest news, insights and events - from the changing NYC construction market to saving money on development projects.

NYC Construction Trends and RiskConstruction Risk Management Key to Ensuring Profits in Changing NYC Market

Construction risks are compounded in overheated markets, but making money in slowing markets - with less activity and tighter margins - also requires a proactive approach to managing construction labor, budgets, scheduling, and materials issues. As the consistently-competitive New York City CRE market heads toward an expected slowdown in 2018, how can you manage construction risks in the current climate and maximize profitability into the future? Partner's Sean Daly explains to GlobeSt.com here.

Creative Remedial Solution Saves Big Money at Brooklyn Site

Every dollar counts in New York, the world's most expensive construction market. During a recent high-profile project in Brooklyn, Partner was brought in mid-way through the project to help turn a bad situation around. As an alternative to a costly and invasive remediation strategy proposed by another firm, Partner proposed a faster and more effective solution with customized technology, saving the client considerable money. This combined with creative financing solutions allowed their development to continue seamlessly. Read the success story here!

Cool by Association: Supporting Virgin Hotel ConstructionVirgin Hotel

Everything Richard Branson does is cool, and while we might be more than 6 degrees away from the man himself, we feel pretty cool to be doing the construction risk management for this innovative project in Manhattan's historic NoMad neighborhood. Slated for completion in fall 2018, the building will feature a cantilever, 38 stories, 465 rooms, 3 cellar levels, and 5 levels of retail shops. Check it out here!

Partner Helping to Turn Brownfield Sites to Gold

Partner's Site Mitigation Group has been overseeing the complex remediation of a brownfield dry cleaning site in NYC. Because this property is part of a larger commercial strip mall, reducing impact to the surrounding units of this complex has been a critical part of this project's scope. Read more about the project here.