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Tishman Speyer to partner with Michelin-Starred chef Gabriel Kreuther on two new restaurants at The ...
March 14, 2023
Manhattan, NY Tishman Speyer will collaborate with two-Michelin-starred Chef Gabriel Kreuther to bring two new dining concepts to The Spiral, Tishman Speyer’s recently-completed 66-story office tower on Midtown Manhattan’s West Side. The street-level restaurants overlook the four-acre Bella Abzug Park.
Sushi Nikko opens at Long Island City’s JACX&CO Food Hall
March 14, 2023
Long Island City, NY Tishman Speyer today signed Sushi Nikko, an omakase-style sushi counter and restaurant, located on the mezzanine level at the JACX&CO food hall. The JACX&CO food hall is located at the base of Tishman Speyer’s The JACX office complex, located on Jackson Ave.
The Altman Companies closes construction loan and commences construction on Altís Grand Lake Willis...
February 28, 2023
Orlando, FL The Altman Companies, a nationally recognized developer, builder, and manager of exceptional rental apartment communities, has closed on a $41.217 million construction loan with Comerica Bank on Altís Grand Lake Willis
Basta & Fisher Brothers launch fifth term of its fellowship program to create career, social capital...
March 14, 2023
New York, NY Fisher Brothers, a leading New York City-based real estate firm, today announced it will continue its partnership with Basta, an organization that connects first-generation college students of color with career-building opportunities. For the past two years, Basta and Fisher Brothers have supported a paid fellowship program,
Experts present pest control solutions to protect CRE assets
March 14, 2023
New York, NY Addressing the city’s worsening “high profile” pest problems, BOMA New York’s February monthly forum featured experts who presented an integrated pest management approach to protect building owners’ assets and property values. Glenn Waldorf and Dan Brady of Bell Environmental Services opened their presentation with a stark description of a post-COVID pest crisis in New York City. They did not sugarcoat the situation.
IREM hosts annual dinner and awards ceremony on March 2nd
March 14, 2023
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!
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PWC’s meet and greet with Skanska
March 14, 2023
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.
This may not be the right time to sell your investment property - by Daniel and Sam Pessar
March 14, 2023
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.
Enhancing DEI and ESG considerations in CRE - by Buzz Riley and Julio Braga
March 14, 2023
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.
VRF Solutions completes electrification of Manhattan College’s Chrysostom Hall
March 14, 2023
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.
Durst selects Serendipity Labs to operate at 205 East 42nd St. - 41,000 s/f
March 14, 2023
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.
Residents not as engaged as you’d like? Try these tips - by Chris Ulep
March 14, 2023
Even thriving rental communities can stand to benefit from more positive property reviews, less turnover and highly engaged residents. If this is something you’ve struggled with in the past, there are ways you can boost engagement and see your efforts reflected in your bottom line. After all, happy tenants tend to stay put longer and provide your most stable source of income.
FirstService shows $600k annual energy savings with CDG program
March 14, 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.
Rechler Equity Partners has strong market outlook for 2023
March 14, 2023
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.
MAG Partners launch leasing at Ruby - designed by COOKFOX Architects
March 14, 2023
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.
FirstService appointed property manager of One United Nations Park
March 14, 2023
Manhattan, NY FirstService Residential has been appointed manager for One United Nations Park, an ultra-luxury residential tower in the Murray Hill neighborhood.The property at 685 First Ave. comprises a mix of 148 jewel box condominiums, 408 rental units, more than 15,000 s/f of amenities, and a ground floor retail component.
One Wall Street completes office-to-residential 1.25 million s/f conversion
March 14, 2023
Manhattan, NY One Wall St., the art deco skyscraper which led the financial district’s transformation into a world-class residential neighborhood, has completed one of the largest office-to-residential conversion in New York City history. The 1.25m s/f landmark comprising of 1m s/f of residential and 250,000 s/f of commercial amenities and interiors celebrates this major milestone by unveiling the building, with immediate move-ins and closings for residents.
Crown Holdings and The Community Builders reveal
concept designs for 95-unit senior housing deve...
March 14, 2023
Bronx, NY Permits have been approved for a new 10-story senior housing building at 105 West Tremont Ave. Designed by SB+C Architecture D.P.C, 105 West Tremont Ave. is one of three properties to be developed as part of the wider regeneration of Morris Heights.
Valente and Pepe promoted to senior vice presidents of FirstService Residential in condo/co-op prope...
March 14, 2023
Manhattan, NY FirstService Residential has promoted David Valente and Mark Pepe to senior vice president in the firm’s condo/co-op property management division. In their new roles, Valente and Pepe will each have executive oversight of a portfolio of condominium and cooperative properties and teams of dedicated property managers and assistant property managers who specialize in providing service to board members and residents in some of the city’s residential buildings.
Closings commence at Fortis Property Group’s
33-story Olympia Dumbo development
March 14, 2023
Brooklyn, NY According to Fortis Property Group, closings have commenced at Olympia Dumbo, the borough’s most anticipated new luxury condominium building. Located on the waterfront, Olympia is a contribution to the skyline and symbol of Dumbo’s evolution into one of the borough’s most premium neighborhoods.