Billone of Flower City speaks about "Going Green in Real Estate"
On August 21st, John Billone of Flower City Management addressed the chapter 58 membership on his personal experiences in utilizing green technology in the renovation of the Medical Arts Building. The building is only one of three buildings in the city that is in the U.S. Green Building Council's Leadership in Energy and Environmental Design (LEED) program of the U.S. Department of Energy.
The entire building infrastructure has been fitted with geo-thermal heat pumps that use the ambient temperature of the ground 240' below the surface to both heat and cool the building. A closedloop system of pipes carries the heated and/or cooled water throughout the network of shops, offices and apartments. This innovative system gives tenants their own thermostat and the ultimate in zone heating and cooling that's 75% more efficient than the most efficient gas furnaces and 40% greater efficiency than modern oil furnaces.
20% of the roof surface features a green roof, designed to naturally cool the building roof in summer and insulate it during the winter. The plantings on the roof create an urban garden alive with color and fragrance all summer long.
Brooklyn, NY Investment Property Realty Group (IPRG) closed the sale of 247 Leonard St., a multi-family building located in the Williamsburg section of the city, for $2.175
Artificial intelligence (AI) is beginning to help transform lending by enhancing decision-making, improving risk management and streamlining operations. With AI-powered tools that analyze vast amounts of data, lenders are able to assess borrower creditworthiness more accurately and efficiently. AI can evaluate a wide range of factors,
Walk down any New York block this year and you can feel it. The sidewalks are crowded, the storefronts are lit, and the energy that defines this city is back at full volume.
You have a right to be concerned. I am always surprised at the companies that will negotiate the price of their new facility down to the last dollar, without thoroughly analyzing their
There was a time when an offering memorandum (OM) was pretty bare bones, some photos, a few bullet points on income, and a rent roll thrown in at the back. That used to get the job done. Not anymore. In 2025, buyers are sharper, faster, and more selective. They’re looking