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Bronxville, NY James Houlihan, a longtime resident of Bronxville and Palm Beach, Fla., passed away on March 2nd, 2019 at the age of 95. He was born in Manhattan in 1923, was the only child of James A. Houlihan and Genevieve McConnell Houlihan. The wake was held on Thursday, March 7

Brooklyn, NY Meridian Investment Sales, the commercial property sales division of Meridian Capital Group, is exclusively marketing for sale a retail and commercial property ideal for development in the Greenpoint neighborhood for $11 million.

Manhattan, NY Avison Young closed a 3,463 s/f, long-term retail lease at 815 Second Ave. in Midtown East. The lease comprises 1,807 s/f on the ground floor and 1,656 s/f on the mezzanine for Midtown Hardware, a retailer-owned hardware store member of the True Value cooperative, which extends to over 4,400 retail locations across the United States.

New York, NY According to Adelaide Polsinelli and Ronda Rogovin, both vice chairs of Compass, a technology-driven real estate platform, announce the continued expansion of the investment sales division with new hire, Michael Cardillo. As part of its continued growth and expansion, Cardillo joins George Moss, Karen Dome, Michael Caiola, Mitchell Goldstick and Trystan Polsinelli, along with Robin Abrams and her team…

Great Neck, NY Cushman & Wakefield has arranged the sale of two properties totaling $2.24 million located on Long Island. 733 Middle Neck Rd. sold for a final closing price of $1.24 million. 481 Meacham Ave. in Elmont sold for $1 million. A team led by senior managing director Stephen Preuss and associate director Kevin Schmitz represented the sellers in all marketing efforts.

Melville, NY Charles Cotsalas, senior vice president of NorthMarq’s Long Island regional office, arranged a cash-out refinance of $3.75 million for a 71,000 s/f industrial building. The non-recourse, entity only transaction, locked at 4.33%, was structured with a 10-year fixed-rate loan on a 25-year amortization schedule. NorthMarq arranged financing for the borrower, 100 Marcus Drive Associates through its correspondent relationship with 40 | 86 Mortgage Capital, Inc., a life insurance company.

Plainview, NY Metropolis Property Group LLC has closed on the Plainview Residence Inn by Marriott located at 9 Gerhard Rd. James Johnston of Metropolis represented the seller, Greenbriar Associates LLC, in the sale of the 4.24-acre property that currently consists of a 150,000 s/f, 170 key extended stay Residence Inn hotel. 

New York, NY The BOMA New York office in midtown hosted another sold out Lunch & Learn – focused on Local Law 88 of 2009 (LL88), AKA the Greener, Greater Building Plan. Deborah Deluca, vice president of electronic drives and controls, and chairperson of the Lunch & Learn program welcomed the packed room and introduced Christopher Cayten, LEED AP, M.Arch, principal of CodeGreen.

New York, NY Matt Duthie of NKF received the Institute of Real Estate Mangament (IREM) Great New York chapter’s Real Estate Person of the Year award on February 7th at the organization’s annual dinner at 230 FIFTH. Gail Duke, Duthie’s friend and colleague, presented the award. In his speech, Duthie extolled the virtues of IREM’s education and designation program saying, “It’s the most important investment you can make in yourself.”

New York, NY In 2012, New York State passed legislation allowing the creation of a new corporate form called the Design Professional Corporation (DPC). In a DPC, engineers, architects, land surveyors, landscape architects and geologists may join together to form a company to practice these professional disciplines. This legislation also states that if a firm’s Employee Stock Ownership Plan (ESOP) qualifies under certain criteria (greater than 75% of the ESOP’s trustees and plan committee members are licensed design professionals), that ESOP can be the largest shareholder and own up to 24.9% of the firm. This has proven to be a successful business model, and many firms have taken advantage of the flexibility it provides and the ESOP ownership provisions. 

New York, NY Earlier this month, Professional Women in Construction (PWC) presented their first Life Sciences Forum on February 5-th at the Allsteel Showroom. The event was a success and sparked interesting discussions. The New York region has seen significant investment in the life sciences area, leading to more and more facilities being developed and built to advance healthcare, medical education, and technology. The event included a keynote and panel discussion on the growth in the life sciences sector and building life sciences facilities. 

Manhattan, NY Rising 35 stories, Moxy NYC Chelsea, the micro-room, macro-amenity hotel, developed by Lightstone and part of Marriott International’s Moxy Hotels brand, officially opened its door. Inspired by the surrounding Flower District, the hotel blends a botanically-influenced design with Italian romance and a playful wit. Moxy Chelsea is located at 105 West  28th St. (at 6th Ave.) 

Glen Cove, NY The $1 billion renaissance of the city’s 60-acre waterfront marked a new milestone with the topping-out of The Beacon at Garvies Point, a 167-unit, LEED-certified condo complex. The Beacon at Garvies Point, as well as the overall Garvies Point site, is being developed by RXR Realty in cooperation with the city. City officials and RXR executives were joined by representatives from Hunter Roberts, the site’s construction manager, to celebrate this construction milestone. The architect was Handel Architects.

Positioning your portfolio to be attractive has always been important to you. Now, it’s important to your property underwriter, too. 

All city skylines have large commercial buildings that consist of hundreds of thousands of windows.  Architects for these building utilize various types of window systems for their façades; however, the most common choice amongst newer (or newly renovated) commercial buildings are unitized curtainwall systems. 

This article is written as a summary of the three energy-related local laws that require compliance for most all multifamily and commercial buildings located in the five boroughs of New York City. 

Victor Hugo said, “There is nothing as powerful as an idea whose time has come.” Viewed in the context of today’s world, the same can be said of technology. Once its time has come, new technologies quickly reshape not only their industry, but our lives. 

New York, NY The NYC chapter of the International Facility Management Association (IFMA NYC) hosted its 2018 annual Awards for Excellence Dinner at The Plaza. 

New York, NY “Help others and expect nothing in return - that was a key value ingrained in me by my parents. Another was: never let a challenge hold you back,” said George Hauck, supervisor of Total Safety Consulting (TSC)’s Health and Medical Services division. Hauck, along with his five siblings, always followed the example set by his father, a machinist and entrepreneur with a strong work ethic, and his mother, a nurse “who saw her profession more as a calling than a job.”