Cabot Group unveils municipal facilities management initiative
The Cabot Group recently unveiled a municipal facilities management initiative allowing village, town, and city municipalities to reduce labor and operational expenditures by an estimated 30-40% by employing strategies and best practices proven to increase efficiency and reduce costs and municipal resources.
"It is more important than ever to deliver the highest level of value to our community. We are confident that we can deliver significant results for municipal projects and management of any size or nature" says Bruce Hunt, VP of Facilities Management for THE CABOT GROUP. He continues, "With the current budgetary demands facing cities and towns, we feel it is time to deploy these resources to the community."
Though new to Upstate, NY, this model has proven to be a success in other areas of the country. Raleigh North Carolina has outsourced facilities management functions for the last 12 years. The city began with their parks & recreation facilities, transitioning more each off-season and now, the model has been adopted for all facilities; administrative buildings, sports facilities, parks, even school districts. It has been estimated that this decision has saved the community tens of millions of dollars and has allowed the city to adopt new projects and programs. THE CABOT GROUP hopes to offer similar success to our region.
Middle Island, NY Roger Delisle and Robert Monahan of Island Associates negotiated the lease for the Giunta’s Meat Farms to occupy 45,000 s/f at Strathmore Commons.
Many investors are in a period of strategic pause as New York City’s mayoral race approaches. A major inflection point came with the Democratic primary victory of Zohran Mamdani, a staunch tenant advocate, with a progressive housing platform which supports rent freezes for rent
The state has the authority to seize all or part of privately owned commercial real estate for public use by the power of eminent domain. Although the state is constitutionally required to provide just compensation to the property owner, it frequently fails to account
Last month Bisnow scheduled the New York AI & Technology cocktail event on commercial real estate, moderated by Tal Kerret, president, Silverstein Properties, and including tech officers from Rudin Management, Silverstein Properties, structural engineering company Thornton Tomasetti and the founder of Overlay Capital Build,
Let’s be real: if you’re still only posting photos of properties, you’re missing out. Reels, Stories, and Shorts are where attention lives, and in commercial real estate, attention is currency.