By Holly Dutton

Six months after the school shooting in Newtown, Connecticut, and as the country is still reeling from the Boston Marathon bombing, enhanced security has become a top priority.

And demand for more cameras in the workplace has prompted the opening of a first-of-its-kind “Global Fusion Center” that can monitor security cameras everywhere.

The Real Estate Board of New York (REBNY) had the highest attendance ever at its 10th Annual Commercial Management Leadership Breakfast on May 30 at the Hilton New York. The Honorable Michael Bloomberg, 108th Mayor of New York City, delivered the keynote address to an audience of nearly 950 real estate professionals. Awards were presented to stand-out commercial management professionals for excellence in property management in categories ranging from on-site management, to portfolio management, to engineering and security. The coveted Edward A. Riguardi Commercial Management Executive of the Year Award …

By Orlando Lee Rodriguez

The New York City Council began hearing testimony on Tuesday from industry experts regarding proposed bill ‘Intro188’, which would aims to make the purchasing process for cooperatives more transparent.
The bill, sponsored by Brooklyn City Councilperson Lewis A. Fider, would require all co-op boards to provide a standardized application along with a list of requirements. A written decision would also have to be received within 45 days of a completed application. Fines could run as high as $15,000 for repeated violations by co-op boards.

Mack-Cali Realty Corporation esterday announced that it would reduce the company’s second quarter common stock dividend from $0.45 per common share to $0.30 per common share.

The move comes as the office-heavy REIT continues to diversify its portfolio with a push into the multifamily sector.

Following January’s trend, New York City multifamily sales volume remained light in February as the market continued to react to the 2012 year-end surge, according to Ariel Property Advisors’ Multifamily Month in Review: New York City for February.

BOMA/NY’s two entries — SL Green-owned 461 Fifth Avenue and 1515 Broadway — won in their categories.

461 Fifth won the Operating Office Building category for buildings from 100,000 to 249,999 s/f — the first ever win in this category for a BOMA/NY entry — and 1515 Broadway extended New York’s winning streak in the Corporate Facility category to three years in a row.

Con Edison has honored building owners, property managers and contractors who led the way in 2012 in making energy and money-saving efficiency upgrades in multifamily buildings.

The power company’s multifamily program provides owners of residential buildings with five to 75 units free energy-efficiency surveys and incentives for heating and lighting upgrades to common areas.

SiteCompli, the technology provider for monitoring, reporting and alerting on compliance issues for New York City area property owners, managers, and investors, has reached the one billion square foot milestone, four years after launch.
With the signing of new clients including Milford Management, Douglas Elliman Property Management and Midboro Management, SiteCompli now monitors compliance issues for over 50% of all office towers across the five boroughs of New York City as well as tens of thousands of residential and mixed-use properties.
The announcement was made by co-founders Jason Griffith and Ross Goldenberg.
“We …

R.E.M. Residential has appointed three new senior executives to expand its range of services.
The company has also added six buildings to its growing roster of properties under management, and has relocated its headquarters to a 5,000 s/f facility at 36 West 37th Street.
“These are exciting times for us; we’re taking significant leaps forward as a firm,” said Rick Elezi, R.E.M.’s president.
“Establishing a new headquarters in which we can all prosper together in the coming years is just part of it. Our aspirations and plans have grown in concert with the …