Latest news with #Shugrue
Yahoo
11-06-2025
- Yahoo
Western Mass. man sentenced to 18 to 20 years in prison for raping 3-year-old
A North Adams man found guilty of raping a 3-year-old child was sentenced to 18 to 20 years in prison on Wednesday, Berkshire County District Attorney Timothy Shugrue's office said. Austin Miller-Robinson, 29, was found guilty on June 4 of aggravated rape of a child with force and rape and abuse of a child aggravated by age difference. 'This is an important victory for the children and citizens of Berkshire County,' Shugrue said in a statement from his office. 'I will always advocate for the strongest possible penalties under the law for anyone who harms our children.' Shugrue had previously requested the maximum sentence, according to a statement from his office. 'While the sentence is less than my request, and the criminal penalties are to be served concurrently, the 18-to-20-year sentence is substantial,' Shugrue said in the statement. 'Today is a good day for the children in the Berkshires.' When he was 23, Miller-Robinson assaulted the child on July 4, 2019, Shugrue's office said previously. River Valley Co-op Strawberry Ice Cream Social to aid Center for New Americans 'I killed two people': Witness reports abrupt confession from woman who crashed into trooper, causing serious injuries A Juneteenth tribute to Afro-Caribbean traditions in art, dance in Holyoke; plus an events listing UMass, MIT team tune up WMass bridge with new 3D-printing tech Read the original article on MassLive.
Int'l Business Times
11-06-2025
- Business
- Int'l Business Times
The New York Office Renaissance: Edward L. Shugrue III on Real Estate's Diverging Future
Signs of revival are emerging, although unevenly, across key urban markets after years of uncertainty and dire predictions about the office sector's future following COVID. A recent billion-dollar transaction in New York City, the heart of one of the world's most scrutinized commercial real estate hubs, attests to this, injecting confidence into a sector many had prematurely written off. Edward L. Shugrue III, Managing Director at RiverPark Funds, believes that a resurgence in top-tier leasing activity and high-profile property sales suggests that a more nuanced and perhaps opportunistic landscape is taking shape. He offers expert insights, drawing from decades of experience navigating commercial real estate. Shugrue is a seasoned voice in the field, with over 30 years of experience in the commercial real estate investing, lending, and restructuring sectors. As the Portfolio Manager of a fund comprised of floating rate commercial mortgage-backed securities (CMBS), a $1.8 trillion market, his view into market behavior is granular and strategic. His tenure includes leading roles in the restructuring of distressed assets, pioneering commercial mezzanine finance platforms, and overseeing investment strategies. Known for his analytical rigor and operational expertise, Shugrue has also extended his impact to academic settings, where he has contributed case studies and lectured at leading universities. His foundation in public and private market investment allows him to assess cycles and capital flows with clarity. That clarity is critical, especially in today's commercial real estate environment. The office market, particularly in dense urban centers like New York City, is undergoing a bifurcation. Shugrue has witnessed how the decline in office occupancy during the pandemic led many to believe the sector was in secular decline. He argues that such generalizations fail to capture the real story. "New York is far from dead," Shugrue says. "It's simply a tale of two cities, the top-tier assets that are thriving, and the others that are struggling." Recent news backs this up. The Manhattan commercial office market received a welcome boost with the announced sale of 590 Madison Avenue to Scott Rechler's New York-based RXR. After fierce bidding from an array of well-heeled institutional investors including Tishman Speyer (the owner of Rockefeller Center), one of Manhattan's largest office landlords, SL Green Realty (NYSE: SLG), and global private equity giant Blackstone (NYSE: BX), RXR emerged on top with a price of nearly $1.1 billion. The interest and activity in the property is consistent with increased leasing activity in Manhattan (nearly 12 million square feet of signed leases in the first quarter of 2025) since reaching pandemic lows. Formally known as the IBM Building, this one million square foot gleaming office tower sits prominently at 57th and Madison Avenue, sharing the same block as Tiffany & Co's flagship on Fifth Avenue. It boasts a roster of leading finance and investment firms, including Apollo Global Management (NYSE: APO), which recently signed a 100,000 square foot lease. Asking rents at the property are $190 per square foot. The pending sale is noteworthy for multiple reasons. First, it's the largest sale in Manhattan since Google's acquisition of 550 Washington Street in 2022 for nearly $2 billion. Second, with only $5 billion of Manhattan office sales in 2024, this sale will be a significant contributor to 2025 sales levels. Third, the price translates to over $1,000 per square foot, which, while common pre-pandemic, hasn't been seen here for quite some time. This transaction is on the heels of two large and noteworthy office transactions in 2024. First was the sale of an 11% stake in one of Manhattan's newest skyscrapers, One Vanderbilt, to the Mori Building Company of Japan at an implied valuation of $4.7 billion. Second was Tishman Speyer's $3.5 billion refinancing of their historic Rockefeller Center. Additionally, the Paramount Group, Inc. (NYSE: PGRE) recently announced that it is seeking strategic alternatives to maximize shareholder value for its $8 billion portfolio of Class A office buildings in New York and San Francisco. With 11 Class A towers within New York City, many of which are in midtown on Sixth Avenue, interest is expected to be keen. However, Shugrue notes that while the outlook and tone have been strong, the demand is sharply skewed. Class A properties, those offering premium amenities, prime locations, and modern infrastructure, are experiencing strong interest and competitive bidding. Meanwhile, Class B and C assets, those situated away from central business corridors, are languishing in foreclosure or trading at distressed values. This divergence has become a defining characteristic of the market. "Some assets attract global capital and command prices exceeding $1,000 per square foot. Others, although they're just mere blocks away, are nearly abandoned." The industry expert states that this isn't only a matter of location but of a broader realignment in tenant expectations and investment strategy. Shugrue has observed that the appetite remains strong for Class-A towers offering the right mix of quality, location, and technology. However, buildings that fail to meet these changing standards are being repositioned for alternative uses, most notably residential conversions. These projects signify a shift in how underperforming office assets can be reintegrated into urban spaces. As the 590 Madison Avenue sale and recent robust New York City leasing activity demonstrate, big transactions are back in the Big Apple. However, unlike the pre-pandemic world, the tide is no longer lifting all boats equally. Edward Shugrue's insights are a reminder that discernment is the differentiator in a fractured market. The next wave of opportunity won't emerge from sweeping generalizations about the office market but from a disciplined understanding of where capital, tenants, and cities are headed.
Yahoo
05-06-2025
- Yahoo
North Adams man found guilty of raping three-year-old in 2019
NORTH ADAMS, Mass. (WWLP) – A Berkshire County jury found a North Adams man guilty Wednesday in the 2019 rape of a three-year-old child. Springfield Police SVU arrest man in connection with rape and kidnapping According to the Berkshire District Attorney's Office, 29-year-old Austin Miller-Robinson, of 333 Walnut Street in North Adams, was convicted on child rape charges in Berkshire Superior Court Wednesday. The charges, which include Aggravated Rape of a Child with Force and Rape and Abuse of a Child Aggravated by Age Difference, stem from an incident that took place on July 4, 2019, when Miller-Robinson was 23 years old. According to prosecutors, Aggravated Rape of a Child with Force carries a minimum mandatory sentence of 15 years Rape and Abuse of a Child Aggravated by Age Difference carries a minumum mandatory sentence of 10 years 'While we are pleased with today's verdict, it brings to light the horrific abuse that exists in the fringes of society. This guilty verdict provides a measure of justice for an innocent child who endured unimaginable harm at the hands of an adult. It is my hope that today begins the process of closure for the victim's family and an opportunity for healing and moving forward,' stated District Attorney Shugrue. Shugrue also recognized the work of his office's Child Abuse Unit, which led the prosecution. 'I also want to recognize the immense dedication of the Berkshire District Attorney's Office Child Abuse Unit,' he said. 'The prosecution of child abuse day in and day out is incredibly difficult. Their commitment to bringing justice on behalf of their young victims is admirable work that few can handle.' Sentencing is scheduled for June 11 at Berkshire Superior Court. More details about the sentencing will be released following the hearing. WWLP-22News, an NBC affiliate, began broadcasting in March 1953 to provide local news, network, syndicated, and local programming to western Massachusetts. Watch the 22News Digital Edition weekdays at 4 p.m. on Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Yahoo
15-05-2025
- Yahoo
Western Mass. man sentenced to prison for raping a woman
A Housatonic man convicted of raping a woman in 2018 was sentenced to prison on Wednesday, Berkshire County District Attorney Timothy Shugrue's office said. In Berkshire Superior Court, Timothy Formel, 35, was sentenced to four to five years in State Prison, Shugrue's office said in a statement. A jury found Formel guilty on May 9. Early on May 26, 2018, Formel raped a woman in New Marlborough, a previous statement read. The woman testified against Formel in court, which Shugrue commended for her bravery. The case was investigated by the Berkshire State Police Detective Unit assigned to the district attorney's office. Over 40 pairs of sunglasses worth over $19K stolen from Boston store Worcester taxi driver attacked after requesting cab fare, police say Mass. man sentenced to jail after brutally killing roommate's dog 25-year-old man held woman at gunpoint in Holyoke home, police say Mass. teen worked with Maryland man to sex traffic minors, officials say Read the original article on MassLive.
Yahoo
14-03-2025
- Yahoo
Bronx man found guilty in 2018 Pittsfield murder
PITTSFIELD, Mass. (WWLP) – A jury has found Lance Burke, 45, of Bronx, New York, guilty of first-degree murder and illegal firearm possession in connection with the 2018 killing of David Green Jr. in Pittsfield. The verdict was delivered Thursday in Berkshire Superior Court, following a trial that included witness testimony, surveillance evidence, and an extensive cross-state investigation. Burke was convicted of fatally shooting Green while he was sitting in his vehicle on Willow Street. Authorities identified Burke as the suspect using video surveillance, cell phone tracking, and witness statements. Berkshire District Attorney Timothy Shugrue praised the verdict but acknowledged the lasting impact of the crime. 'Mr. Green's family has been waiting a long time for this day,' said Shugrue. 'While we are pleased with the jury's conclusion, nothing can heal the wounds of losing a loved one in such a violent way. I hope today brings his family some sense of peace.' Shugrue emphasized his office's commitment to holding perpetrators of violence accountable. 'The death of Mr. Green was caused by a defendant who drove into Pittsfield and committed murder. Those who bring illegal firearms, attempt to establish drug trafficking networks, and bring violence to our neighborhoods will be prosecuted to the fullest extent of the law.' The case relied heavily on technology and forensic evidence. Pittsfield Police, with assistance from New York State Police, used surveillance footage, digital tracking, and other investigative tools to link Burke to the crime. 'Trying this case was extremely difficult,' Shugrue noted. 'The Pittsfield Police Department worked diligently, using all available technology to build a strong case against the defendant. Because of their efforts and the work of our prosecution team, justice was served.' The trial was also marked by incidents of witness intimidation. 'The witnesses who testified showed tremendous bravery,' Shugrue said. 'During this trial, witnesses were directly threatened, and their families were also targeted. Law enforcement is actively investigating these acts of intimidation, and we will not tolerate interference with the judicial system.' Burke's sentencing is scheduled for Wednesday, March 19, at 9 a.m. He faces a mandatory sentence of life in prison without the possibility of parole. This was Burke's second trial for the murder. His original trial in 2024 ended in a mistrial due to a hung jury. WWLP-22News, an NBC affiliate, began broadcasting in March 1953 to provide local news, network, syndicated, and local programming to western Massachusetts. Watch the 22News Digital Edition weekdays at 4 p.m. on Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
