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[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, …

Headline, Property Managers »

[12 Nov 2014 | One Comment | ]
Property management can be a real high wire act

Were you holding your breath when Nik Wallenda walked the high wire over the Chicago river last weekend? So was Bill O’Leary, CPM, property manager of the Marina Towers Condominium Association.

“I was holding my breath for him, and for everything else,” said O’Leary, manager of the iconic Marina City, two 60-story towers the stuntman walked between with no safety gear or net.

The “everything else” began long before the record-breaking event appeared on television.The City of Chicago contacted O’Leary last winter to let him know that Wallenda was considering a high wire walk in Chicago, and that Marina City was one of the locations

Brokers Weekly, Property Managers »

[12 Nov 2014 | No Comment | ]

 John Battle, who has been a doorman at Eastwood Towers for over two decades, was honored by Property Service Workers Union 32BJ and Straus News as Doorman of the Year, at their Annual Building Service Workers Awards ceremony .
“The important thing here is honesty,” said Battle. “Mistakes happen and you just have to do your best and start each day with a good attitude.”
According to the Union, Battle was chosen for the award due to the long-lasting friendships, honesty, and hard-working nature that he has brought to the …

Property Managers »

[12 Nov 2014 | No Comment | ]

Value Companies, Inc. has again been recognized as one of New Jersey’s most exceptional residential apartment managers having been honored with the celebrated “Management Company of the Year Award” during the 2014 New Jersey Apartment Association’s (NJAA) 24th Annual Garden State Awards held at the Hilton East Brunswick Hotel.
The Clifton, N.J.-based company becomes a three-time overall winner of the prestigious award for Management Company of the Year – Market Rate Over 2,000 Units.
Prior to this win, Value Companies was most recently crowned “Management Company of the Year” in 2011. …

Property Managers »

[12 Nov 2014 | No Comment | ]

By Craig Mcilvain,
The RRD
It’s not every day that you imagine the landlord as a victim, but it can and does happen all the time.
We want to see the best in everybody. Often we go out of our way to help others. In some cases, it’s as simple as opening the door for somebody with their hands full, or you may on rare occasions lend somebody $20 not expecting anything in return.
Things that contribute to this behavior are social norms for people to be “nice” to one another.
One of …

Property Managers »

[12 Nov 2014 | No Comment | ]

Indicative of its rapidly expanding management portfolio of properties in receivership or real estate-owned properties (REO), Onyx Equities reported that it assumed management of more than 3.5 million square feet of office, retail, industrial and residential space during the first two quarters of 2014.
Among the largest of the 14 properties that came under Onyx management during the first half of the year are:
A 147,000 s/f industrial complex in Waldorf, MD. The shipping and distribution warehouse currently houses 12 tenants including Sears and Fed-Ex.
A 119,241 s/f, four-building, campus-style office park …

Property Managers »

[12 Nov 2014 | No Comment | ]

A plethora of institutional deals drove the city’s multifamily sales market to a blockbuster $3.2 billion in dollar volume during the third quarter.
3Q 2014 multifamily figures hit the strongest quarterly transaction volume and nearly the highest dollar volume since the 4Q 2012,, according to Ariel Property Advisors’ Multifamily Quarter in Review: New York City Q3 2014.
Multifamily dollar volume jumped 46 percent to $3.258 billion and transaction volume increased 16 percent to 213 in 3Q 2014 compared to 3Q 2013, which saw 184 transactions totaling $2.234 billion in gross consideration.
Figures in …

Property Managers »

[12 Nov 2014 | No Comment | ]

FS Energy, the energy management and advisory subsidiary of property management firm FirstService Residential, has been named a finalist in the RISE : NYC competition which recognizes projects and technologies that will bolster the city’s buildings and infrastructure against future storms.
FS Energy, which provides exclusive energy evaluations and efficiency improvement solutions to multi-family buildings within the FirstService Residential management portfolio, is a lead applicant on three projects in the finals and a partner on two more.
Stemming from the impact Hurricane Sandy had on small businesses, RISE : NYC is a …

Property Managers »

[12 Nov 2014 | No Comment | ]

SL Green Realty Corp. announced that 100 Park Avenue, the 825,815 s/f Modern Classic situated in Midtown Manhattan, has been awarded a LEED-EB Gold Certification by the U.S. Green Building Council.
As one of NYC’s first buildings to receive a LEED-EB Silver certification in 2009, 100 Park has continually improved its environmental and energy efficiency standards to re-certify the property, and now joins an elite group of properties as only one of 26 buildings in New York City to achieve a gold level designation.
“As part of SL Green’s forward-looking environmental …

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