Category: Owners Developers & Managers

Chelsea, NY Woman-owned leading real estate company MAG Partners has launched the leasing at Ruby, a residential development located at 243 West 28th St. Located across the street from the Fashion Institute of Technology (FIT) between Seventh and Eighth Ave., within New York City’s Garment District, Ruby offers 480 studio to three-bedroom residences amongst two towers - 30% of which are reserved for affordable housing - in addition to 8,500 s/f of ground-floor retail space.

Plainview, NY Rechler Equity Partners reinforced itself as a driving force of Long Island’s economy in 2022 with a 98.5% occupancy rate. This includes 524,000 s/f of new lease agreements and 271,000 s/f of lease renewals that occurred last year. These strong numbers are the continuation of a trend of high demand for industrial space as Rechler Equity is set to begin work on an over-840,000 s/f industrial park in Medford in 2023.

New York, NY FirstService Residential’s portoflio is showing average monthly savings of up to $10,000 – or 6% in electricity costs – for participating condominiums and cooperatives in its management portfolio subscribed to a Community Distributed Generation (CDG) project. The monthly savings directly offset electric delivery charges, which are credited back to each building’s Con Edison bill.

NEW YORK, NY Serendipity Labs, the leading international flexible office space provider, has entered into a 10-year operating agreement with The Durst Organization (“Durst”) to operate a 41,000 s/f flexible office facility within Durst’s 205 East 42nd building, a 532,000 s/f office building located one block from Grand Central Terminal.

Bronx, NY In response to the growing social and legislative pressure to decarbonize New York’s aging building stock, Manhattan College has completed the electrification of its oldest dormitory, Chrysostom Hall. Located at 45-25 Manhattan College Pkwy.

The state of the industry The last several years have necessitated a serious reconsideration of efforts towards diversity, equity and inclusion (DEI), as well as the sustainable and ethical impacts related to environmental, social, and corporate governance (ESG) considerations for almost every major organization.

There are few things more valuable than good advice, but good advice for long-time real estate owner-operators can be hard to find. Professionals are incentivized to give a certain kind of advice: a long-time accountant or property service professional might lose the account if the owner sells.

New York, NY On March 16th, Professional Women in Construction’s (PWC) Minority and/or Women-owned Business Enterprise (MWBE) Committee is hosting a meet and greet with Skanska to learn about Skanska’s subcontractor pipeline, MWBE hiring processes and engagement, and potential opportunities.

New York, NY IREM NYC held their annual dinner and awards on Thursday, March 2nd at 230 Fifth. The 250+ sold out crowd enjoyed an evening of cocktails, hors d’oeuvres, dinner, a magician, and of course, an awards ceremony!

Manhattan, NY Soloviev Group said that Mohegan has joined its bid as the casino partner of Freedom Plaza. This comes as a result of the New York State Gaming Commission’s Request for Applications to develop and operate up to three downstate casinos

Manhattan, NY Related Companies and Atria Senior Living officially open Coterie Hudson Yards at 505 West 35th St. Designed by Handel Architects with interiors by March and White Design (MAWD), the Hudson Yards location

Manhattan, NY IREM NYC is celebrating the best and the brightest in New York property management at their annual dinner & awards on Thursday, March 2nd from 6-9 at 230 Fifth.