News: Brokerage

Paramount Group honored by BOMA/NY with Grand Pinnacle

2016 Pinnacle winners, shown seated (from left) are: Louis Conti, RPA, Vornado; BOMA/NY executive director Roberta McGowan, CAE; Carla Rooney, Paramount; BOMA/NY president James Kleeman, RPA; Rosemarie Krol, RPA, CBRE; and Ralph DiRuggiero, Paramount. Shown standing (from left) are: BOMA/NY Pinnacle Awards committee chair Angelo Grima; James Kelly, RPA, Edward Minskoff Equities; Mitchell Grant, RPA, RXR; Rock Harding, Boston Props.; Michael Flatley, CEM/LEED AP/CPMP, Steven Winter Assoc.; Andre Camacho, C&W; Stephen Mosca, CFM, N.Y. Convention Center Operating Co.; and BOMA/NY Pinnacle Awards committee vice chair, Tom Krol, LEED/AP 2016 Pinnacle winners, shown  (from left, seated) are: Louis Conti, RPA, Vornado; BOMA/NY executive director Roberta McGowan, CAE; Carla Rooney, Paramount; BOMA/NY president James Kleeman, RPA; Rosemarie Krol, RPA, CBRE; and Ralph DiRuggiero, Paramount.
Shown (from left, standing) are: BOMA/NY Pinnacle Awards committee chair Angelo Grima; James Kelly, RPA, Edward Minskoff Equities; Mitchell Grant, RPA, RXR; Rock Harding, Boston Props.; Michael Flatley, CEM/LEED AP/CPMP, Steven Winter Assoc.; Andre Camacho, C&W; Stephen Mosca, CFM, N.Y. Convention Center Operating Co.; and BOMA/NY Pinnacle Awards committee vice chair, Tom Krol, LEED/AP

Manhattan, NY BOMA/NY’s Pinnacle awards ceremony lived up to its theme as a night of firsts, inaugurating the Grand Pinnacle award for the highest scoring building in any category. The 2016 competition was distinguished by the largest number ever of buildings competing with Energy Star/LEED certifications, landmark designations and repositioning credentials. Overall, 20 nominees competed for 11 awards. The event was held Feb. 25 at Chelsea Piers.

The BOMA/NY Pinnacle Award is the local round of the BOMA International TOBY (The Outstanding Building of the Year) competition, which is the most prestigious award world-wide in commercial building ownership and management. Winners are determined by an anonymous, peer-judging review system. Judges evaluate the nominees’ written submissions and on-site inspections determine the winner, using more than 100 international standards of excellence.

The honorees were:

The Grand Pinnacle Owner: 900 Third Ave., L.P. Management firm: Paramount Grp. Property Manager: Carla Rooney

Though 900 Third is LEED Gold, Energy Star-certified with programs in all judging areas, Team 900 was not satisfied. Throughout the Pinnacle competition, it raised its Energy Star score, evaluated new ways to achieve Platinum LEED, and rededicated itself to excellence through new mentoring and training programs, ranging from recognizing staff performance to team brainstorming sessions. It instituted communications in which Team 900 values and goals were shared with tenants and deepened its neighborhood outreach by collaborating with the local BID. For every tenant event, there was a special twist that added communal—and community—value. The judges’ highest praise? “Every single team member owns their responsibilities—the sense of contribution is exceptional.”

Historical - 500 Fifth Ave. Owner: Spaulding and Slye Investments, Management Firm: Cushman & Wakefield, Inc., Manager: David Leest

New Construction - 250 West 55th St. Owner/Management: Boston Properties, Inc., Property Manager: Rock Harding 

Outstanding Local Member of the Year – Michael Flatley, CEM/LEED AP/CPMP Senior Building Systems Consultant, Steven Winter Associates, Inc. 

Manager of the Year 3-10 Years – Rosemarie Krol, RPA 130 West 42nd St., CBRE

Earth - 712 Fifth Ave. Owner: 712 Avenue, L.P, Management Firm: Paramount Group, Inc., Property Manager: Jim Sammon

Renovated – 330 West 34th St. Owner: Vornado Realty Trust, Management Firm: Vornado Office Management LLC, Real Estate Manager: Louis Conti, RPA

Manager of the Year Over 10 Years of Experience – Stephen Mosca, CFM Jacob K. Javits Convention Center of New York; New York Convention Center Operating Corp.

Operating Office Building 250,000 - 499,999 s/f – 101 Ave. of the Americas Owner/Management: Edward Minskoff Equities, Inc., Property Manager: James Kelly, RPA 

Operating Office Building 500,000 - 1 million s/f – 900 Third Ave. Owner: Third Avenue, L.P., Management Firm: Paramount Group, Inc., Property Manager: Carla Rooney

Operating Office Building Over 1 million s/f – Starrett-Lehigh Building - 601 West 26th St. Owner: RXR SL-Owner LLC, Management Firm: RXR Realty Property Manager: Mitchell Grant, RPA

MORE FROM Brokerage

REALM, DelShah Capital and A.M. Properties acquire 377,000 s/f CitySpire office condominium

Manhattan, NY REALM, in partnership with DelShah Capital and A.M. Properties, acquired  CitySpire, a 377,000 s/f office condominium comprising 24 floors within the 70-story tower at 156 W 56th St. in Midtown. Adjacent to Central Park with transit access and amenities, CitySpire is a Class A office asset located in one of the city’s most sought-after office corridors.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
The anticipated effect of Basel III and ISO 20022 implementation on commercial real estate - by Michael Zysman

The anticipated effect of Basel III and ISO 20022 implementation on commercial real estate - by Michael Zysman

July 1, 2025 is the deadline for US banks to begin to adopt Basel III banking standards and July 14, 2025 is the deadline for U.S. banks to adopt ISO 20022 messaging standards. Both will have a significant effect on the banking and commercial real estate (CRE) finance sectors.
A fresh start - by Shallini Mehra and Amit Doshi

A fresh start - by Shallini Mehra and Amit Doshi

For the past several years, the New York City multifamily housing market has been defined by disruption. The combined impact of the HSTPA rent laws and a sharply higher interest rate environment has fundamentally reduced
Tri-state capital  migrates nationally amid  regulation pressure - by Reese Weaver

Tri-state capital migrates nationally amid regulation pressure - by Reese Weaver

New York tri-state multifamily investors are increasingly reallocating capital to less-regulated markets across the U.S. as rent control and legislative risk erode returns at home. With over 60% of New York City’s rental housing stock classified as rent-stabilized, the traditional value-add model — buying under-performing buildings,

The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

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