New York City’s first-ever two-year rent freeze is now in the hands of a state Supreme Court judge, and the decision could reset income for owners of roughly one million rent-stabilized apartments housing some 2.4 million residents.
If you ask an environmental consultant which type of operations concern them the most, dry cleaners are usually the top answer. If you search the internet for Hazardous Waste Sites (HWS) in your home state, usually 7 or more out of 10 results are dry cleaners since historically they use a chemical known as perchloroethylene or PERC and it only takes a little bit of the chemical to cause an environmental impact that is expensive to address.
Commercial real estate has changed dramatically over the past several years. Inflation, rising operating expenses, elevated borrowing costs, changing occupancy patterns and increased investment risk have altered the economics of owning commercial property.
Cryptocurrency has migrated to the portfolios of an increasing number of borrowers. As digital assets become more common, traditional financial institutions must decide whether and how these assets should factor into underwriting decisions.
In New York real estate, every square foot has value. Owners and property managers scrutinize operating costs, capital plans, and building systems for opportunities to improve performance. Yet one category of square footage rarely gets the same financial
After years of litigation, the court enters judgment in your company’s favor. Liability has been established, and the defendant has been ordered to pay. It should feel like the finish line. Instead, it’s the start of an entirely new battle.
For property managers and facilities directors, a power outage puts every safety system in the building to the test, and few systems are scrutinized as closely, or overlooked as often,
New Yorkers love getting groceries, meals, and packages delivered straight to their door, or at least, to their doorman. The “last-mile delivery” facility’s trucks and vans are the linchpin that make that convenience possible?
The most successful renovation projects are rarely the result of a single great idea. They are the product of collaboration between talented designers and experienced construction professionals who understand that while they may approach a project from different perspectives, they share the same goal: creating an exceptional finished product for the client.
Signing a new office lease may feel like the end of a long process, but in many ways, it is just the beginning. Once the lease is signed, businesses have to turn decisions made on paper into a functioning workplace. Furniture needs to be
Anyone who has spent a career operating commercial real estate in New York understands just how complex our regulatory environment has become. Local, state, and federal requirements touch virtually every aspect of our buildings — from life safety systems
New York, NY Colin Foster is the founder and chief innovation officer of Virtual Service and the creator of Virtual Doorman, the pioneering remote building-wide entry and access management platform for residential buildings.