Category : Property Managers

Debt & EquityGreen BuildingProperty Managers

Owners seeing the white light as LEDs get better and cheaper

REW Staff
By Steven J. Schleider, MAI, LEED-AP BD + C president, Metropolitan Valuation Services Reduce lighting costs — one of the highest operating expenses in a commercial building — and you increase net operating income. Add to that the benefits of enhanced energy efficiency, better visual quality, glare reduction and positioning...
Property Managers

BOMA is measuring up

REW Staff
The International Property Measurement Standards Coalition (IPMSC), of which the Building Owners and Managers Association (BOMA) International is a member, has selected 19 real estate experts from around the world to join its Standards Setting Committee to develop a global standard for measuring property. Among the experts selected for this...
Green BuildingProperty Managers

Winn Cos. launches new energy program

REW Staff
WinnCompanies has launched Open Market ESCO, a pilot program that will finance energy-efficient retrofits for an estimated 1,200 units of low-income housing and allow property owners to pay for the upgrades through reduced energy costs. The $9 million pilot program is a collaboration with the Local Initiatives Support Corporation (LISC)...
Property Managers

Manager admits stealing $1.5 million from buildings

REW Staff
Manhattan District Attorney Cyrus R. Vance, Jr., today announced the guilty plea of Kee Lin, 43, a former property manager for two Chinatown buildings, for writing unauthorized checks for more than $1.5 million, and creating false bank statements to mask the fraud. The defendant pleaded guilty in New York State...
Property Managers

Cuomo subpoena’s landlord for harassing Latino tenants

REW Staff
Governor Andrew M. Cuomo announced yesterday (Tuesday) that his newly-formed Tenant Protection Unit (TPU) had served a subpoena on Castellan Real Estate Partners/Liberty Place Property Management. The subpoena surrounds allegations that the owner and manager of some 1,700 apartments in Harlem, the Bronx and Washington Heights intimidated Spanish immigrant tenants in buildings it bought last year.
Property Managers

Cuomo subpoena’s landlord for harassing Latino tenants

REW Staff
Governor Andrew M. Cuomo announced yesterday (Tuesday) that his newly-formed Tenant Protection Unit (TPU) had served a subpoena on Castellan Real Estate Partners/Liberty Place Property Management. The subpoena surrounds allegations that the owner and manager of some 1,700 apartments in Harlem, the Bronx and Washington Heights intimidated Spanish immigrant tenants in buildings it bought last year.