PECKAR ON CONSTRUCTION; BRONX'S BANKNOTE

After over three decades in the industry, Peckar & Abramson construction attorney Bob Peckar has seen NYC's ups and downs. In the '70s, the city was short on funds; in the early '90s, it was the private sector. Now, during our visit to his 41 Madison office, he tells us both are watching their wallets.
"Buildings are dying on the vine," he says. Forget $500M mega-developments; banks have trouble syndicating loans. Another trend: the intrusion of non-union builders and developers. Their projects may seem cheaper, but ultimately they don't know how to work in NYC like unions do, Bob say. He's working with the Building Trades Employers Association as General Counsel to encourage cooperation between unions and construction managers to achieve significant savings to compete with non-union contractors.
Bob (with partners Steve n Charney and Paul Monte) says younger partners are taking business to new heights. Although he's not retiring soon, Bob's taking the time to enjoy his art passion (the Rutgers art history major paints, and frequents museums, with wife Maxine) and spend time with his two granddaughters. He's also just returned from a vacation to Thailand, Burma, and Laos.

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's New York Newsletters
Related Stories

Federal Government To Sell Nearly 31K SF In Five Points: The Denver Deal Sheet

Avison Young Had Assets Frozen By Bank Over Unpaid Taxes

Artificial Intelligence Companies Reshaping Dublin Office Demand As OpenAI Confirms HQ

Mars Factory Overhaul Stalls As Candymaker's Chicago Expansion Accelerates

Camden Property Trust Sells West Coast Portfolio, Clears $1.5B Target

How Long Island Projects Can Cut Through Red Tape And Community Opposition To Cross The Finish Line

Empire State Building Observation Deck Hemorrhaging Visitors, Value

Cortland, Pulte, INVH, Walker & Dunlop Execs Talk Changing Demographics, AI

America's War Machine Is Growing, Sparking A Defense Real Estate Boom

Boca Raton's New Leaders Throwing 'All Kinds Of Curveballs' At Developers

Slate, Hudson Cos. Picked To Develop Massive Queens Housing Project

BXP's 343 Madison Lands $1.2B Loan, Nears Deal With Equity Partner