For the property managers and superintendents charged with daily operations in New York’s buildings, the green revolution has brought opportunities to increase efficiency while improving the quality of everything from common area lighting to climate control. But it also brings the perils of any popular trend.

“They have to separate all of the noise of the words ‘green’ and ‘energy efficient’ from what’s really good for them,” said David Kuperberg, chief executive of Cooper Square Realty, the city’s largest property management company. “It all comes down to money and costs.” 

By Alexander D. Tuttle, Esq.
partner, LePatner & Associates
Today’s real estate landscape is a minefield. Lending is scarce and conditioned with onerous terms against borrowers. Cash is reserved on the sidelines for only the sweetest of deals. Investors who have, in the past, demanded home runs, now must be content with singles or doubles.
Many developers are questioning their long-established development practices. With profits hinging on slim margins, developers are now focusing on reducing/eliminating construction delays and cost overruns that invariably eat into their development profit.
Now more than ever, developers …