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[26 Mar 2015 | No Comment | ]
Who wants housing? Diaz, Adams to unravel rezoning conundrums at annual BuildingsNY event

Borough Presidents Ruben Diaz Jr. of the Bronx and Eric Adams of Brooklyn will keynote the opening of BuildingsNY 2015 at 9 a.m. Tuesday, April 28 in the Javits Center with a panel discussion on “Housing in the Boroughs: Who Wants It?”

“Everyone says they want affordable housing, but every proposed project or rezoning effort faces opposition,” remarked Dan Margulies, Executive Director of Associated Builders and Owners (ABO), founding sponsor of BuildingsNY.

“Borough Presidents Diaz and Adams have led the way in outlining their visions for new housing in their boroughs and are also on the front lines dealing with concerned communities. The development community is looking forward to their insights on where housing may really be welcome.”

Featured, Property Managers »

[25 Mar 2015 | No Comment | ]
Power company making demands on big users

As New York remains in the grip of a deep freeze, owners are being urged to consider much warmer temperatures and the little steps they can take to make a big difference to their bottom line.

ConEdison Solutions, a subsidiary of Consolidated Edison Inc., is in the midst of a campaign to prepare for the power-sucking peak energy usage periods of the summer with a program that pays property owners to turn down.

The company’s Demand Response and Demand Management programs pay building owners up to $50,000 per 100 kilowatts of load relief provided.

Property Managers »

[18 Feb 2015 | No Comment | ]

CBRE Group, Inc. announced that its Facilities Management service line achieved strong growth in 2014, with 32 new or expanded long-term contracts.
CBRE’s facilities management client base is comprised of over 110 corporations, healthcare providers and government institutions across 105 countries.
During the year, CBRE took on management responsibilities of more than 140 million sq. ft. of facilities.
“CBRE is extremely pleased to see the continued momentum in our facilities management services worldwide,” said Alex Darragh, Global Director of CBRE’s Facilities Management service line.
“We have realized strong growth across our Americas, APAC and …

Property Managers »

[28 Jan 2015 | No Comment | ]

2015 BOMA/NY Pinnacle Awards will take place at Chelsea Piers on February 26.
The Oscar style ceremony — winners are revealed only when “envelopes” are unsealed that night — is the culmination of competition held throughout 2014 in which commercial office buildings in New York City are judged according to the BOMA International standard of ownership and operational management excellence in these categories: Historical, Government, New Construction, Earth, Renovated and Operating Office Building (by size)
Managers compete in two categories by years of experience: 3-10 and 10 years plus the Outstanding Local …

Headline, Property Managers »

[27 Jan 2015 | No Comment | ]
Blizzard of 2015: All going according to plan

The “Blizzard of 2015” ended up sparing New York City, as the majority of the area sustained little more than a few inches of snow.

Though the city may have gotten off easy this time, having a thorough and organized plan in place is a must for any property manager who is preparing for a temporary shutdown or an onslaught of unfriendly weather conditions.

“Local Law 26 is a mandate from the city. (Property managers) have to have something that’s called an emergency action plan,” John Brandstetter, managing director at The Brandstetter Group and chairman of the Weather Committee of BOMA/NY told Real Estate Weekly.

Green Building, Property Managers »

[16 Dec 2014 | No Comment | ]

The Institute for Market Transformation (IMT) and the Department of Energy’s Better Buildings Alliance have awarded a 2014 Green Lease Leader designation to Empire State Realty Trust, Inc..
Only 14 companies across North America earned the 2014 designation, which recognizes excellence in creating and executing leases that foster energy efficiency, providing cost savings for both landlords and tenants.
“By implementing performance specifications for energy efficiency into [its] leases, ESRT is knocking down barriers to energy efficiency by finding smart ways to share the capital costs and energy savings of energy efficiency improvements …

Finance & Accounting, Property Managers »

[11 Dec 2014 | No Comment | ]

By Izzy Green, president & CEO
Evergreen Insurance & Risk Management
Whether your building is vacant due to a sluggish economy or for some other reason, it’s important to ensure that it’s kept as safe as possible.
Vacant commercial buildings can create a number of risk-related challenges. Regardless of whether your property is vacant for only a few days or a few months, the risks related to a vacant building can result in the potential for expensive losses and liability. By following the steps listed below, you can identify potential hazards and learn …

Construction & Design, Deals & Dealmakers, Green Building, Property Managers »

[10 Dec 2014 | No Comment | ]

East River Fund Co, LLC, a partnership of JEMB Family LP, a privately-held real estate and energy investment firm, and Harbert Power Fund V, have increased their investment in Astoria Project Partners, the legal entity that owns and operates the Astoria I natural gas power plant in Queens, NY.
Together with EIF Astoria, LLC, a subsidiary of MyPower Corp., wholly owned by Mitsui & Co., Ltd., the JEMB/Harbert partnership has acquired the 21 percent minority interest in Astoria Project Partners from SNC-Lavalin, Inc. Additional terms of the deal were not disclosed.
JEMB Family, …

Brokers Weekly, Property Managers »

[3 Dec 2014 | No Comment | ]

The Halstead Management Company announced the asset purchase of Lawrence Properties, a full-service residential management firm.
The firm will now operate as Halstead Lawrence Management and will be under the direction of Martha Goupit, managing director/executive vice president.
The employees of the Lawrence Division will continue to be based out of their office at 150 West 30th Street.
“We are absolutely thrilled to welcome the Lawrence team to the Halstead family,” Paul R. Gottsegen, president of Halstead Management.
“With their experienced staff, similar corporate philosophies and prestigious portfolio of buildings, it was the ideal …

Green Building, Property Managers »

[26 Nov 2014 | No Comment | ]

Inspired and modeled after its successful roof gardens at 250 Hudson Street and Symphony House, owner/developer Jack Resnick & Sons has just completed two more green roof installations, both at its Lower Manhattan office tower, 255 Greenwich Street.
Situated atop both the 14th floor and the mechanical bulkhead of the building, the new 20,000 s/f of “extensive” green roof area was designed and engineered by FXFowle Architects and installed by Rally Restoration.
The newly planted roof areas will provide a number of ecological benefits to the property and neighborhood, including improved stormwater …

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