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Property Managers »

[20 Aug 2014 | No Comment | ]

Trion Real Estate Management, a property manager headquartered in Yonkers, has been named the new managing agent for two mixed-use buildings in the Bronx – 758 Kelly Street and 2833 Decatur Avenue.
Together, the properties include 77 apartment units and eight retail stores. Both properties currently need attention due to deferred maintenance and financial instability.
“Our management team looks forward to implementing our proven strategies and policies to help run these properties more efficiently,” said Carmelo Milio, CPM, president of Trion Real Estate Management.
758 Kelly Street, located in the historic district of …

Deals & Dealmakers, Property Managers »

[20 Aug 2014 | No Comment | ]

Onyx Equities has strategically expanded its  commercial real estate receivership and REO services platform into four new markets: Washington, D.C., Maryland, Virginia and Delaware.
The New Jersey-based firm, which has earned aeputation for successfully managing and/or leasing defaulted commercial real estate assets on behalf of banks, loan servicers, courts and financial institutions, has implemented a  cloud-based tenant communications and integrated management system that Onyx customizes according to each property’s unique administrative needs.
This technology-driven approach allows for more streamlined operations and tenant satisfaction and it ultimately helps lenders and services realize increased …

Property Managers »

[6 Aug 2014 | No Comment | ]

A study by WegoWise, a building intelligence provider, found that multifamily buildings where owners pay utility bills use approximately 30 percent more energy (BTUs) per square foot than buildings where tenants pay utility bills.
Additionally, the study found that annual utility costs for buildings with owner-paid bills are 20 percent higher than tenant-paid bills.
“The building efficiency space has long been dogged by the ‘split incentive’ issue, whereby only those who pay the energy bill are motivated to change behavior or invest in building upgrades,” said Eric Bloom, senior research analyst at …

Opinion, Property Managers »

[30 Jul 2014 | No Comment | ]

By Richard J. Hayes, vice president
ABM Facility Services
Today’s building technologies lend themselves to many advances that reduce the overall operating costs of a facility and become a significant contributing factor in both attracting and retaining tenants. 
This contribution is most pronounced when considering triple net tenants who are looking “holistically” at the true cost of leasing space, inclusive of operating expenses.  The cost per square foot is merely one part of the equation that informed prospective tenants use when calculating the life cycle costs of space for their employees. 
Smart …

Property Managers »

[24 Jul 2014 | No Comment | ]

Hines announced that 7 Bryant Park, its 30-story, 470,000 s/fsignature office tower, has earned the distinction of becoming the first Wired Pre-Certified building in New York City, earning a Platinum certification — the highest attainable.
The certification follows a third party audit by technicians from WiredNYC, a program developed by the New York City Economic Development Corporation that evaluates and certifies the connectivity quality of commercial buildings.
It means that tenants at 7 Bryant Park, which is set to be delivered to the market in the first quarter of 2015, can have …

Green Building, Property Managers »

[17 Jul 2014 | No Comment | ]

Mack-Cali Realty Corporation announced that 5 Wood Hollow Road in Parsippany, N.J., has received LEED® for Existing Buildings: Operations & Maintenance™ Gold certification from the U.S. Green Building Council (USGBC).
5 Wood Hollow Road is the 13th commercial property in New Jersey to receive the prestigious award.
The LEED for Existing Buildings: O&M rating system recognizes maximized operational efficiency with minimized environmental impact. It addresses cleaning and maintenance issues, including chemical use, recycling programs, exterior maintenance programs, and system upgrades.It is the only LEED rating system under which projects can demonstrate actual energy …

Property Managers »

[17 Jul 2014 | No Comment | ]

The Rockefeller Group announced that 1221 and 1271 Avenue of the Americas have each achieved Platinum Wired Certification from WiredNYC.
WiredNYC is a rating platform first initiated by the Bloomberg administration that assesses the broadband connectivity, technology and infrastructure of office buildings.
Both class-A office buildings are owned and managed by The Rockefeller Group.
WiredNYC, which is backed by the New York City Economic Development Corp., aims to bring transparency to broadband connectivity in office buildings, with all of the broadband information gathered available to corporate tenants and the public at WiredScore.com.
The official …

Green Building, Property Managers »

[17 Jul 2014 | No Comment | ]

By Cara Olmsted,
Director of Marketing and Business Development
ConEdison Solutions
One observation about the demand response (DR) market is that it is complex.
Because of its complexity, there is the potential for confusion, particularly as it relates to the revenue streams available from participation in the various programs.
To participate in these DR programs, organizations should work with a Curtailment Service Provider (CSP), such as ConEdison Solutions, to turnkey the assessment of potential resources, registration levels, registration of load with NYISO and CECONY, bidding, and settlement of the various DR programs and …

Editorial Supplements, Property Managers »

[16 Jul 2014 | One Comment | ]

By Tom Barone, Acting Vice President for Operations and Energy Services, 
New York State Energy Research and Development Authority (NYSERDA)
 
Improving energy efficiency and reducing costs are benefits that industry professionals – from building owners to architects – can tap into through Deep Energy Savings initiatives.
Deep Energy Savings (DES) is a generally accepted industry term—but ironically no standard definition has been created or embraced by industry professionals. For this reason, the term is often used more broadly to describe a range of efforts that improve energy efficiency and reduce costs. Most states look …

Green Building, Legal, Photo Gallery, Property Managers »

[2 Jul 2014 | No Comment | ]

As part of New York Energy Week, The Steven L. Newman Real Estate Institute at the Zicklin School of Business, Baruch College presented a conference,“ Energy, Money & Law: Investment and Legal Strategies for Advanced Energy Performance in Real Estate” on June 19. The event was presented in partnership with Associated Renewable, the energy consulting and carbon management company, and held at the law offices of Hodgson Russ LLP, 1540 Broadway, New York City.

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