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Articles in the Property Managers Category

Green Building, Property Managers »

[16 Dec 2014 | No Comment | ]

The Institute for Market Transformation (IMT) and the Department of Energy’s Better Buildings Alliance have awarded a 2014 Green Lease Leader designation to Empire State Realty Trust, Inc..
Only 14 companies across North America earned the 2014 designation, which recognizes excellence in creating and executing leases that foster energy efficiency, providing cost savings for both landlords and tenants.
“By implementing performance specifications for energy efficiency into [its] leases, ESRT is knocking down barriers to energy efficiency by finding smart ways to share the capital costs and energy savings of energy efficiency improvements …

Finance & Accounting, Property Managers »

[11 Dec 2014 | No Comment | ]

By Izzy Green, president & CEO
Evergreen Insurance & Risk Management
Whether your building is vacant due to a sluggish economy or for some other reason, it’s important to ensure that it’s kept as safe as possible.
Vacant commercial buildings can create a number of risk-related challenges. Regardless of whether your property is vacant for only a few days or a few months, the risks related to a vacant building can result in the potential for expensive losses and liability. By following the steps listed below, you can identify potential hazards and learn …

Construction & Design, Deals & Dealmakers, Green Building, Property Managers »

[10 Dec 2014 | No Comment | ]

East River Fund Co, LLC, a partnership of JEMB Family LP, a privately-held real estate and energy investment firm, and Harbert Power Fund V, have increased their investment in Astoria Project Partners, the legal entity that owns and operates the Astoria I natural gas power plant in Queens, NY.
Together with EIF Astoria, LLC, a subsidiary of MyPower Corp., wholly owned by Mitsui & Co., Ltd., the JEMB/Harbert partnership has acquired the 21 percent minority interest in Astoria Project Partners from SNC-Lavalin, Inc. Additional terms of the deal were not disclosed.
JEMB Family, …

Brokers Weekly, Property Managers »

[3 Dec 2014 | No Comment | ]

The Halstead Management Company announced the asset purchase of Lawrence Properties, a full-service residential management firm.
The firm will now operate as Halstead Lawrence Management and will be under the direction of Martha Goupit, managing director/executive vice president.
The employees of the Lawrence Division will continue to be based out of their office at 150 West 30th Street.
“We are absolutely thrilled to welcome the Lawrence team to the Halstead family,” Paul R. Gottsegen, president of Halstead Management.
“With their experienced staff, similar corporate philosophies and prestigious portfolio of buildings, it was the ideal …

Green Building, Property Managers »

[26 Nov 2014 | No Comment | ]

Inspired and modeled after its successful roof gardens at 250 Hudson Street and Symphony House, owner/developer Jack Resnick & Sons has just completed two more green roof installations, both at its Lower Manhattan office tower, 255 Greenwich Street.
Situated atop both the 14th floor and the mechanical bulkhead of the building, the new 20,000 s/f of “extensive” green roof area was designed and engineered by FXFowle Architects and installed by Rally Restoration.
The newly planted roof areas will provide a number of ecological benefits to the property and neighborhood, including improved stormwater …

Brokers Weekly, Green Building, Property Managers »

[26 Nov 2014 | No Comment | ]

Three of Related Management’s New York affordable housing properties have been recognized by the U.S. Environmental Protection Agency (EPA) as being among the first multifamily housing properties to earn ENERGY STAR certification for superior energy performance.
The properties at 30-50 21st Street, 423 West 48th St and 527 West 47th St, have been recognized for reducing the amount of energy consumed.
With technical assistance from Bright Power, the three properties join just 14 others across the nation to make up the inaugural set of multifamily buildings to achieve the prestigious ENERGY STAR multifamily …

Green Building, Property Managers »

[26 Nov 2014 | One Comment | ]

CompassRock Real Estate announced that Peter Cooper Village/Stuyvesant Town (PCV/ST) has been recognized by the U.S. Environmental Protection Agency (EPA) as one of the first multifamily housing communities to earn ENERGY STAR certification for superior energy performance.
PCV/ST is the first multifamily community in New York and one of the first five communities nationwide to receive this recognition which signifies that the community is in the top tier of energy performance for multifamily buildings nationwide.
On average, ENERGY STAR buildings contribute 35 percent fewer greenhouse gasses to the atmosphere than comparable non-ENERGY …

Construction & Design, Property Managers »

[26 Nov 2014 | No Comment | ]

By Linda O’Flanagan
Three years of work polishing a rough diamond in midtown has earned APF Properties a gold star.
The company announced earlier this month that its Club Row Building at 28 West 44th Street has become just the third Class B office property in New York City to achieve LEED-Existing Building (EB) Gold Certification.
A $9 million retrofit that included $1.5 million in improvements that can be directly or indirectly linked to energy and water savings has elevated the building to a select group that includes 1440 Broadway, 498 Seventh Avenue …

Deals & Dealmakers, Featured, Property Managers »

[25 Nov 2014 | No Comment | ]
All square feet now equal as global office measuring rule takes effect

A new standard in measuring office space will bring transparency and consistency to global real estate markets, supporters said.

The International Property Measurement Standard for Offices (IPMS for Office Buildings) was launched yesterday (Tuesday) following a global effort to create a uniform method for measuring property.

The IPMS will replace dozens of existing standards currently in use around the world.

Property Managers »

[19 Nov 2014 | No Comment | ]

Lane Office senior vice president Hugh Astley died at Norwalk Hospital on November 10. He was 64.
Mr Astley was a veteran of the office furniture manufacturing and distribution sector and was most recently responsible for managing the one million square feet of furniture for Condé Nast Publications at 1 World Trade Center.
Born in Norfolk, England, he was educated in Switzerland then worked and traveled across the globe.
Earlier in his career, he served as general manager for a major Canadian furniture manufacturer. Upon his arrival to the United States in 1992, …

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