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Articles in the Property Managers Category

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[15 Apr 2015 | No Comment | ]

Less than a year after Newark amended its rent control ordinance, landlords are laying off staff and contractors.
The new law, passed by the current Newark City council in one of its first acts, strictly limits rent increases on occupied and vacant apartments.
“We have cut staff and not filled vacant positions,” said Richard Kurtz, founder and chairman of Kamson Corporation, a Newark property owner for more than 25 years.
“We are using less staff because the ordinance discourages improvements to the apartments. We get no return by investing in units upon vacancy, …

Property Managers »

[15 Apr 2015 | No Comment | ]

By Robert Zurek, Dräger
To attract tenants and close the deal, properties need to feature the right combination of design, amenities and safety.
However, as the market becomes crowded, this may not be enough.
Fighting increased supply and a renter’s market, property managers and building owners are focused on how they can further differentiate their properties in order to drive demand.
An option some are using to lure prospective tenants is the offer of an advanced safety amenities package that not only includes fire alarms, sprinkler systems and building security, but also the availability …

Property Managers »

[15 Apr 2015 | No Comment | ]

How prepared is your plumber when he arrives on the job?
This question can have a big impact on how much you pay and how much inconvenience you experience.
There are many companies out there that offer low prices, but don’t deliver. Some don’t have service trucks, while others don’t have the warehouse space necessary to store the parts they need.
Either scenario can add time and cost to any job, turning a low estimate into an overpriced and time-consuming endeavor.
“When your building needs a job done, the company you call should send …

Property Managers »

[15 Apr 2015 | No Comment | ]

Pliskin Realty & Development, a prominent New York-Metropolitan area retail real estate brokerage, property management and investment firm, has been approved to manage troubled assets.
Jeffrey Pliskin, president and CEO, announced that the firm has been approved by the State of New York, Unified Court System, Office of Court Administration to receive property management assignments in Brooklyn, Queens, Westchester, Nassau and Suffolk Counties on behalf of Court appointed receivers.
Pliskin Realty’s property management services include financial management, maintenance, compliance, tenant relations and marketing for which the firm’s full brokerage (property sales and …

Property Managers »

[31 Mar 2015 | No Comment | ]

Brookfield Asset Management Inc. is to acquire the other 50 percent of its Canadian and Australian facilities management businesses from Johnson Controls Inc. for approximately $200 million.
This acquisition will facilitate a merger with its wholly owned businesses in the Middle-East and South America as part of a broader plan to create the leading global facilities management business.
With the termination of its joint venture agreements with Johnson Controls, Brookfield will immediately launch its facilities management businesses in scale in the United States and Europe, building on client relationships across …

Deals & Dealmakers, Featured, Property Managers »

[31 Mar 2015 | No Comment | ]
CBRE to pay $1.48B for office management business

CBRE has entered into an agreement to acquire the Global WorkPlace Solutions (GWS) business of Johnson Controls, Inc.

GWS provides Integrated Facilities Management solutions for major occupiers of commercial real estate and has significant operations around the world.

The purchase price is $1.475 billion

Headline, Property Managers »

[31 Mar 2015 | No Comment | ]
Building owner could face charges in gas explosion

The owner of the East Village building where a gas explosion killed two people and injured 20 others last week could face criminal charges if it is found he knew about illegal gas tapping in the property.

Former prosecutor, Colin Kaufman, a partner at Adam Leitman Bailey, PC, said charges that could be leveled at the principals of Mah Realty, the owner of 121 Second Avenue, include criminally negligent homicide, which carries a 25 years to life penalty.

However Kaufman said, “Prosecutors have a tremendous amount of discretion in cases such as these and it is a difficult crime to prosecute. You can’t just say that, just because there was an explosion someone is guilty.”

Construction & Design, Deals & Dealmakers, Featured, Property Managers »

[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 …

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