Positioning your portfolio to be attractive has always been important to you. Now, it’s important to your property underwriter, too.
Riverhead, NY National Grid awarded a $25,000 grant to Community Development Corp. of Long Island (CDCLI) in support of Peconic Crossing, a 45-unit, mixed-use, affordable housing development that provides a preference for artists and displaced storm victims. The development, a joint project of CDCLI and Conifer Realty, complements the town’s ongoing efforts for revitalization of the downtown area, including obtainable housing and promotion of the arts in walkable neighborhoods connected to the Peconic River.
Manhattan, NY Developer Vinbaytel Property Development LLC awarded Tirosh & Team at Douglas Elliman the exclusive listing for the condominiums at 245 East 53rd St. Located in Midtown East, the six-story property includes five modern units.
Manhattan, NY Olshan Properties unveiled the redesign of TriBeCa’s 99 Hudson St. office space during a pair of brokers’ open house events. Olshan Properties owns a total of twelve full floors within the TriBeCa office building.
Manhattan, NY TF Cornerstone and MSD Partners, L.P. intend to pursue redevelopment of Grand Hyatt New York adjacent to Grand Central Terminal in Midtown in collaboration with an affiliate of Hyatt Hotels Corp. (Hyatt). The new project would replace the existing building and create a 2 million s/f mixed-use development, including office and retail space, improvements to the public transportation infrastructure in the Grand Central Terminal transit complex and a new Grand Hyatt hotel.
Manhattan, NY Mandarin Oriental Hotel Group has agreed to brand and manage 69 residences scheduled for completion in 2021. Mandarin Oriental Residences at 685 Fifth Ave. are being developed in a 1920’s building on the corner of Fifth Ave. and 54th St. The owners and developers of the project are SHVO, BLG Capital and Deutsche Finance America.
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.”
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.
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.
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.
