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Understanding N.J.’s condo inspection law: The imperative for property managers to engage with professional engineers - by Joe DiPompeo

Understanding N.J.’s condo inspection law: The imperative for property managers to engage with pro...

May 14, 2024
In recent months, New Jersey has witnessed a significant legislative development in the realm of condominium ownership—the passage of a statewide condo inspection law S2760/A4384. This law mandates capital reserve studies and comprehensive inspections of condominiums to ensure structural integrity and safety.
BOMA NY presents 2024  Energy Action Day panel event

BOMA NY presents 2024 Energy Action Day panel event

May 14, 2024
Manhattan, NY Across the nation, climate laws are being written to place accountability on building owners. Experts say progress depends on a tenant-owner team approach. Following a rousing keynote address by Tony Malkin, chair and CEO of Empire State Realty Trust at BOMA New York’s 2024 Energy Action Day event, an executive panel of experts explored the CRE community’s progress toward carbon neutrality;
IREM NYC hosts members only Founders Room June 12th

IREM NYC hosts members only Founders Room June 12th

May 14, 2024
Huntington, NY IREM NYC is hosting an event at the exclusive, members only Founder’s Room on Wednesday, June 12th from 6:00-9:00 p.m. For those who don’t know, the Founder’s Room offers the private experience of a hidden members-only club reminiscent of a 1920’s speakeasy.
IREM NYC honors president Powell as REAP’s Reaper of the Year

IREM NYC honors president Powell as REAP’s Reaper of the Year

May 14, 2024
New York, NY IREM NYC president Randall Powell, CPM was honored as Project REAP’s (Real Estate Associate Program) New York City Reaper of the Year on Wednesday, May 1st at the organization’s Silver Jubilee celebration led by G. Lamont Blackstone, past chairman of Project REAP.
Registration for the PWC 2024 annual golf outing is in full swing

Registration for the PWC 2024 annual golf outing is in full swing

May 14, 2024
Hastings-on-Hudson, NY PWC’s annual golf outing is set for Monday, July 15, 2024, at St. Andrews Golf Club. PWC New York is the founding chapter of Professional Women in Construction (PWC), a national nonprofit organization founded in 1980 to support, advance, and connect women and promote diversity
What will my real estate taxes be after the Tax Equity Now NY lawsuit is concluded? - by Peter Blond

What will my real estate taxes be after the Tax Equity Now NY lawsuit is concluded? - by Peter Blond...

May 14, 2024
The most popular question this spring from every type of property owner is “what will my real estate taxes be after this big lawsuit?!” While suddenly in the news again the TENNY (Tax Equity Now NY) lawsuit commenced so very long ago, a possible conclusion
The Bromley Companies arranges leases for Vuori and Levain Bakery at 120 & 122 Fifth Ave. development - 7,500 s/f

The Bromley Companies arranges leases for Vuori and Levain Bakery at 120 & 122 Fifth Ave. developmen...

May 14, 2024
Manhattan, NY The Bromley Companies have arranged the leases for two new retailers at the 120 and 122 Fifth Ave. development. Apparel retailer Vuori opened their third NYC location at 120 Fifth Ave., an 11-story, mixed-use office building in Union Sq. Vuori will occupy an 4,500 s/f, ground floor space fronting Fifth Ave.
Gowanus Green Partners releases plans for 955-unit sustainable development

Gowanus Green Partners releases plans for 955-unit sustainable development

May 14, 2024
Brooklyn, NY Gowanus Green Partners, a joint venture between The Bluestone Organization, Fifth Avenue Committee, The Hudson Companies, Jonathan Rose Companies, and Mega Group Development, released new renderings for Gowanus Green, a sustainable, mixed-use community along the Gowanus Canal
Extell welcomes Brooklyn Fare Kitchen & Market to One Manhattan Sq. - 25,500 s/f

Extell welcomes Brooklyn Fare Kitchen & Market to One Manhattan Sq. - 25,500 s/f

May 14, 2024
Manhattan, NY National real estate development firm Extell has arranged for Brooklyn Fare Kitchen & Market to officially open for business at the base of One Manhattan Sq., the 800-ft. modern glass residential tower on the Lower East Side Waterfront. With several locations around New York City,
An Upstate economic renaissance is underway;  Broome County must be ready to benefit - by Stacey Duncan

An Upstate economic renaissance is underway; Broome County must be ready to benefit - by Stacey Dun...

May 14, 2024
Upstate communities have long fought against an unfair and outdated narrative that our regions aren’t business friendly. The economic development community is working hard to change this narrative. We’re highlighting our unsurpassed quality of life,
Broadview at Purchase College opens university retirement community

Broadview at Purchase College opens university retirement community

May 14, 2024
Purchase, NY Broadview at Purchase College, a university retirement community on the campus of the State University of New York in Westchester, held its official grand opening bringing together a host of dignitaries to celebrate a concept that champions intergenerational connections and lifelong learning.
TWA Flight Center’s design, history and significance - by William Gati

TWA Flight Center’s design, history and significance - by William Gati

May 14, 2024
I lead a wonderful walking tour of this crown jewel of modern architecture. The TWA Flight Center, designed by Eero Saarinen, is an exemplary piece of modernist architecture, reflecting the optimism and
Multifamily New Construction: Is air-source the solution to electrification of apartments? VRF vs. PTHP - by Jamie Fales

Multifamily New Construction: Is air-source the solution to electrification of apartments? VRF vs. P...

May 14, 2024
When choosing between Variable Refrigerant Flow (VRF) technology and Packaged Terminal Heat Pumps (PTHPs) for new construction buildings, it’s important to be aware of the key differences in installation and maintenance. Exploring factors like equipment setup, testing, air sealing, and efficiency helps building managers
Two Trees Management launches sales at One Domino Square

Two Trees Management launches sales at One Domino Square

May 14, 2024
Brooklyn, NY Two Trees Management, a Brooklyn-based, family-owned real estate development firm, has launched sales at One Domino Square, the third ground-up residential skyscraper at the Domino Sugar Factory site along the Williamsburg waterfront. Located at 8 South 4th St., the 39-story mixed-use condominium
United Group elevates Smetana to chief developing officer

United Group elevates Smetana to chief developing officer

May 14, 2024
Troy, NY Jeff Smetana of The United Group of Companies, Inc. has been promoted to chief development officer. In this role, Smetana will continue to oversee operations within the development department as well as collaborate with the department on future growth opportunities including additional developments
Halcyon Management leases 50% of 554-unit residence 60 Wharf Dr.

Halcyon Management leases 50% of 554-unit residence 60 Wharf Dr.

May 14, 2024
Brooklyn, NY The leasing team at 60 Wharf Dr., the 40-story glass-clad tower on the Greenpoint waterfront, has leased 50% of the 554 residences . The leasing program, which initially focused on the first 21 floors, has been extended to the upper portion of the building, from the 22nd to 40th floors.
Surprise? Rates are up again! - by John Rynne

Surprise? Rates are up again! - by John Rynne

May 14, 2024
At the beginning of the year, I forecasted the trend of the 10 year treasuries and cap rates will continue to slowly move downward throughout the first three quarters of 2024. As you know, 10 year treasuries are one of the primary baselines for mortgage rates. Mortgage
Aircuity enables annual calibration cycles for CO2-only systems

Aircuity enables annual calibration cycles for CO2-only systems

May 14, 2024
New York, NY Aircuity has continued innovation for our ‘CO2 Only’ clients; now enabling annual calibration cycles. Aircuity transitioned to an annual calibration cycle in April for systems sensing and controlling using solely carbon dioxide. The change is supported by a three-year study of data
New inspection requirements for parking structures - by Miguel Lizardo

New inspection requirements for parking structures - by Miguel Lizardo

May 14, 2024
Starting this year, the DOB will require more thorough and frequent special inspections for parking structures, with deadlines as near as August 1, 2024. Since establishing the Periodic Inspection for Parking Structures (PIPS) program in 2022, the DOB has been making major strides to improve parking garage safety.
Innovo Property Group to develop <br>Review Avenue Complex - 736,000 s/f

Innovo Property Group to develop
Review Avenue Complex - 736,000 s/f

May 14, 2024
Long Island City, NY Innovo Property Group (IPG), a New York City-based real estate investment and operating company founded by Andrew Chung and backed by Nan Fung Group, has planned its newest purpose-built multistory urban industrial facility, The Review Avenue Complex. Located in the Borden Innovation District at 28-90 Review Ave.