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Founder of Destiny, Sangertown Square's Parent Company Has Died


A Central New York visionary who was instrumental in the construction of New York State s largest mall has died.
Robert J. Congel, the founder of Pyramid Management Group, which owns Destiny USA, died Wednesday afternoon in his home in Manlius, with his wife and five children by his side. Congel s son and PMG s current CEO, Stephen J. Congel, announced the news in a statement, writing that he and his family deeply appreciate the expression of sympathy from friends and family, colleagues, the community and business partners during this difficult time.
Those that knew him know he was a force of nature, a visionary who saw many of his dreams realized, while challenging us constantly with many more to fulfill, Congel said, according to Spectrum Local News. He changed many lives. Having been his son and also having the privilege of working with him for so many years, I know he was most proud of all the people he employed and whose careers he helped along the way. He gained ....

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Seven Must Reads for the CRE Industry on Dec. 22, 2020


Seven Must Reads for the CRE Industry Today (Dec. 22, 2020)
The Washington Post looks at what’s included in the $900 billion stimulus package. Many employers plan to encourage rather than require their workers to be vaccinated, reports the Wall Street Journal. These are among today’s must reads from around the commercial real estate industry.
Here’s What in the New $900 Billion Stimulus Package“Congressional leaders brokered a deal on an approximately $900 billion relief bill Sunday night, with promises to pass the legislation as soon as possible. The bill would extend aid to millions of struggling households through stimulus checks, enhanced federal unemployment benefits and money for small businesses, schools and child care, as well as for vaccine distribution. It also repurposes $429 billion in unused funds provided by the Cares Act for emergency lending programs run by the Federal Reserve.” ( ....

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Palisades Center Mall Appraisal Cut in Half


450 West 31st Street, New York, NY 10001 Phone: 212-260-1332
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