Building Knowledge

This segment of “Building Knowledge With The Building and Realty Institute (BRI)” provided a discussion on what is happening in the Building and Construction Sectors in the Westchester County and Mid-Hudson Region, as well as in the N.Y. metropolitan area. Our guests were Mark Carson, the Director of Construction for Kings Capital Construction of Tarrytown, N.Y., and Victoria Bruno, the Business Development Manager for Kings Capital Construction. Mark Carson and Victoria Bruno provided the General Contractor, Construction Manager and Sitework Development Perspectives during the episode. Issues covered during the segment included: 1) The severe labor shortages that the Building and Construction Sectors have been facing and what members and representatives of the Building and Construction Sectors can do to attract younger members of the workforce into the Building Trades; 2) The high costs of Building Materials; 3) The Supply Chain Shortages that the Building and Construction Industries are continuing to face; 4) The current business conditions in the New York metro area for the Building, Construction and Site Development Sectors; 5) The biggest challenges currently facing the Building, Construction and Site Development Sectors in the Westchester County and Mid-Hudson Region, as well as in the New York metro area; 6) A discussion on the series of projects that Kings Capital Construction has been involved in; 7) A look at what could happen in the Building, Construction and Sitework Development Sectors in the months ahead.

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A review of the latest conditions of the remodeling markets in the Westchester County and Mid-Hudson Region, as well as in the N.Y. metropolitan area, was the topic of this episode of “Building Knowledge With The Building and Realty Institute (BRI).” Michael Murphy, Chair of the Remodelers Advisory Council (RAC) of the BRI and Michael Kowgios, a Board Members of the Remodelers Advisory Council (RAC) of the BRI, were the guests. Michael Murphy is the Director of Business Development for Murphy Brothers Contracting, which is based in Mamaroneck, N.Y. Michael Kowgios is the principal of Sunrise Building and Remodeling, which is based in Briarcliff Manor, N.Y. Issued discussed during the segment included: 1) The continuing labor shortages that the Building and Remodeling Sectors are facing; 2) The costs of Building Materials; 3) Why it’s important for Clients to receive a very detailed scope of work along with their prospective Contractors’ estimate; 4) The importance of Written Communications  between Remodelers and their Clients; 5) Why a tentative “Look Ahead Schedule” from the General Contractor is beneficial to all parties; 6) Why it is important for clients to get to know their General Contractor’s Sub-Contractors; 7) What will happen with the Remodeling Markets in the Westchester County and Mid-Hudson Region, and the New York metro area, during the third quarter and beyond.

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This segment of “Building Knowledge With The Building and Realty Institute (BRI)” featured a discussion on the May 15th, 2024 request of The Building and Realty Institute (BRI) to have the U.S. Supreme Court review its lawsuit against the 2019 enactment of The Housing Stability and Tenant Protection Act (HSTPA) in New York State. Our guest was Dorothy Finger, an attorney with Finger and Finger, A Professional Corporation. Finger and Finger, which serves as Chief Counsel to The Building and Realty Institute (BRI), is handling the legal processes of the BRI regarding its request to the U.S. Supreme Court. The following items were discussed: 1) A review of The Housing Stability and Tenant Protection Act (HSTPA) and why members of the building and realty sectors in New York State are so opposed to its 2019 enactment; 2) An explanation on how the 2019 enactment of The Housing Stability and Tenant Protection Act (HSTPA) has been a major negative for Owners and Managers of multi-family buildings and complexes in New York State whose properties are affected by rent stabilization; 3) A review of how the enactment of The Housing Stability and Tenant Protection Act (HSTPA) in 2019 has also hurt businesses who serve Owners and Managers of muti-family buildings and complexes in New York State, specifically contractors, building materials companies and service companies; 4) The main points that the BRI is making in its request to the U.S. Supreme Court; 5) Dorothy Finger’s opinions on the strongest points of the BRI’s lawsuit against The Housing Stability and Tenant Protection Act (HSTPA); 6) The feelings of Dorothy Finger, and the feelings of Finger and Finger, A Professional Corporation, regarding the BRI having success in its request to the U.S. Supreme Court.

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Security Updates for Building Owners, Managers and Homeowners” was the topic of this segment of “Building Knowledge With The Building and Realty Institute (BRI).” Thad McKeown, the Director of Sales for Integrated Protection Services of Darien, Conn., was the guest. Thad was a regular guest on the former radio shows of the Building and Realty Institute (BRI). He is our program’s “go-to source” on all things Security. The following topics were covered during the show: 1) What Building Owners, Managers, Homeowners and All Consumers Need to Remember About Security Now That Summer is Here; 2) A Review of the Latest Security Products for Owners and Managers of Multi-Family Properties; 3) A Look at the Latest Security Guidelines For Office, Retail, Industrial and Warehouse Facilities Now That Summer Has Arrived; 4) A Review of the Latest and Most Popular Trends and Products for Office, Retail, Industrial and Warehouse Facilities; 5) The Importance of “After-Hours Lighting” at Residential and Commercial Properties; 6) Reviews of General Security Guidelines For Building Owners and Managers.

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This segment of “Building Knowledge With The Building and Realty Institute (BRI)” examined how the Village of Port Chester in Westchester County in New York State is managing its recent surge in residential development. The episode also provided a look at the efforts of the Port Chester-Rye Brook-Rye Town Chamber of Commerce on behalf of the business community. Sylvia Dundon, the Executive Director of the Port Chester-Rye Brook-Rye Town Chamber of Commerce, was the guest. Topics addressed during the segment included: 1) How  the Village of Port Chester and the Port Chester-Rye Brook-Rye Town Chamber of Commerce addressed the concerns of businesses and residents regarding the noteworthy increases in residential developments in the Village; 2) The challenges that the Village of Port Chester and the Port Chester-Rye Brook-Rye Town Chamber of Commerce faced regarding those developments; 3) How successful the developments have been in their respective leasing efforts; 4) What age groups are leasing units in the developments; 5) The collaboration between the Village of Port Chester and the Port Chester-Rye Brook-Rye Town Chamber of Commerce in highlighting the benefits of the developments to businesses and residents in the Village.

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Several members of the building and realty sectors are facing serious problems regarding financing. Accordingly, this segment of “Building Knowledge With The Building and Realty Institute (BRI)” featured a discussion on the current conditions of the Finance Sector and their effects on the building and realty industries. Russell Nova, the Principal of Cornerstone Capital of N.Y., was the guest. He thoroughly reviewed the major factors currently affecting those in the Commercial Real Estate Sector. There has been a great deal of recent coverage in the media regarding one-fifth, or $929 billion, of the $4.7 trillion of outstanding Commercial Mortgages held by U.S. lenders and investors coming due in 2024, according to the Mortgage Bankers Association’s (MBA)’s 2023 Commercial Real Estate (CRE) Survey of Loan Maturity Volumes. Some are saying the situation could cause a crisis in the U.S. Banking System. Russell Nova offered his views on the situation. He also issued his opinions on media reports that have said the situation means trouble for America’s small and medium-sized commercial banks and private mortgage lenders who are feeling the strain of America’s high interest-rate environment. The episode also featured 1) A look at what is currently happening with lending on specific property types; 2) What are currently the most popular Loan Products; and 3) Russell Nova’s outlook for the finance sector for the remainder of 2024, as well as for 2025.

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The significance of this year’s decisions of The Westchester County Rent Guidelines Board to the Building and Realty Sectors was the topic of this episode of “Building Knowledge With The Building and Realty Institute (BRI).” Our guest was Alana Ciuffetelli, Chair of The Apartment Owners Advisory Council (AOAC) of The Building and Realty Institute (BRI). Alana is a member of the Board of Trustees of the Building and Realty Institute (BRI). She is also the principal of 3C Realty, Inc., which is based in White Plains in Westchester County in New York State. Alana was a regular guest on the former radio shows of the BRI. She was also a guest on Episode 16 of this Podcast Series, a show that reviewed the many challenges facing Owners and Managers of rental apartment buildings and complexes in the New York metro area.

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The Strategies That Businesses Should Utilize for Their Advertising and Marketing Processes During Summer” and “Guidelines for Businesses Regarding Their Advertising and Marketing Plans for the Fall” were the subjects of this segment of “Building Knowledge With The Building and Realty Institute (BRI).” Our guest was Michael Dardano, the principal of The Buzz Potential, a well-known marketing and public relations firm that is based in Tuckahoe in Westchester County in New York State. Michael was a regular guest on the former radio shows of the Building and Realty Institute (BRI). He was a guest on Episode Two of our Podcast Series in January, when he issued his thoughts on the overall strategies that businesses should utilize regarding their Marketing, Advertising and Public Relations Processes for 2024.

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This segment of “Building Knowledge With The Building and Realty Institute (BRI)” reviewed the First-Quarter Real Estate Sales Markets in the Hudson Valley Region of New York State. The episode also examined what has been happening in those markets since the end of the first quarter. Our guest was Leah Caro, a member of the Board of Managers of One Key Multiple Listing Service. Leah is a past Chair of One Key Multiple Listing Service. She is also a Past President of The Hudson Gateway Association of Realtors (HGAR). Leah is the President of Park Sterling Realty, a well-known real estate company that is based in Bronxville in Westchester County in New York State. Leah was a regular guest on the former radio shows of the Building and Realty Institute (BRI). She is our show’s “go to source” regarding real estate sales data and real estate market conditions in the Hudson Valley Region of New York State.

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The Regional Plan Association’s New Transit Oriented Development (TOD) Report - “Homes on Track: Building Thriving Communities Around Transit” - was the topic of this episode. Marcel Negret, a Senior Planner with the Regional Plan Association (RPA), was the guest. He issued a comprehensive overview of the report and its contents regarding Transit Oriented Developments and how those developments can help to ease New York State’s serious housing shortages. It was Marcel Negret’s first appearance on “Building Knowledge With The Building and Realty Institute (BRI).”

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