Owners Developers & Managers

Residents not as engaged as you’d like? Try these tips - by Chris Ulep

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.

Crown Holdings and The Community Builders reveal
concept designs for 95-unit senior housing development

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.

Experts present pest control solutions to protect CRE assets

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.

Closings commence at Fortis Property Group’s
33-story Olympia Dumbo development

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.

Valente and Pepe promoted to senior vice presidents of FirstService Residential in condo/co-op property management division

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.

One Wall Street completes office-to-residential 1.25 million s/f conversion

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.

FirstService appointed property manager of One United Nations Park

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.

MAG Partners launch leasing at Ruby - designed by COOKFOX Architects

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.

Rechler Equity Partners has strong market outlook for 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.

FirstService shows $600k annual energy savings with CDG program

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.