News: Brokerage

POM begins second phase of structural wiring for The Sheffeld

"Peace of Mind Technologies, LLC (POM), known as a leader in telecom and security technology systems, is starting the second phase of a high-end telecommunications infrastructure installation at The Sheffeld, 322 West 57th St., a former rental building that has been converted to luxury condominium residences," said Jon Ecker, president and CEO of POM. The second phase entails the installation of cutting-edge voice data and cable in 233 renovated units, spanning floors 16 through 58. The first phase comprised installations in units on the first 15 floors. To complete the project, POM is continuing to set up telecommunications closets on every floor and run lines into most of the 10 units occupying each floor. In addition, POM is running material for future fiber optic systems, which will greatly increase telecommunications quality throughout the building. "The installations in the first phase went extremely well, especially considering the number of units we were working in and the complexity of the project," said Ecker. "These are very sophisticated systems that will enable the residence to have the finest telecommunications systems available today. The process is painstakingly detailed, but the initial phase on the first 15 floors clearly met this very discerning developer's standards. We are please he has continued to retain us for the second phase, which completes the project." The completion of the infrastructure installation is POM's third project at The Sheffeld. Last year, the firm installed an advanced surrveillance system.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
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
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
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 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.