The excitement surrounding Smart Buildings continues to grow, but the industry does not currently have a standardized definition of what makes a building “smart” or “intelligent.” At the very least, everyone can agree that a Smart Building should use automated processes to control a facility’s operations.
It’s backing up on us…waste that is. China’s decision to ban plastic and e-waste imports has thrown waste and recycling markets into turmoil. “The University of Georgia has estimated that China’s ban on imported recyclables will leave 111 million metric tons of trash...
Estate tax with an effective rate of taxation approaching 50% in larger estates, causes many real estate families concern. Life insurance is often considered as part of an overall plan to supply liquidity/cash at the inevitable death of an owner. The transfer tax from one generation to another ...
Con Ed has stepped up to the plate and is offering, for a limited time period, enhanced incentives (double or triple existing incentives) for buildings that qualify for their C&I program. Buildings in this incentive program include assisted living facilities, hotels, and hospitals, as well as commercial and industrial buildings.
I was fortunate to be a part of a 20-person building tour of 3WTC, arranged by BOMA NY. Arriving at the WTC Transportation Hub’s Oculus is like entering a new world of urban luxury. The largess is jaw-dropping and equally remarkable is the seamless flow of people.
New York, NY IREM NYC hosted their annual rooftop cocktail party on Wednesday, June 23rd at 230 FIFTH. The event was so popular this year, that it sold out! Though the weather forced them to leave the rooftop views for another day, the crowd had a great time!
New York, NY The American Council of Engineering Companies of NY (ACEC NY) presented the 2019 Chairman’s Award to the ACE Mentor Program of Greater NY. This award was presented at the council's annual meeting and awards luncheon at the Union League Club on June 5
th.
Bronx, NY Rosewood Realty Group has completed the $9.6 million sale of a 54-unit Fordham Heights multifamily building. The five-story walk-up at 2474 Valentine Ave. (between East Fordham Rd. and East 188
th St.), sold for 11 times the total rent roll. All of the apartments are rent stabilized.
Manhattan, NY OC Development Management (OCDM), a New York-based development management firm specializing in turn-key project management and construction management services, is nearing the halfway mark of construction on the base building redevelopment of 368 Ninth Ave.
Bronx, NY According to Starwood Capital Group, a global private investment firm focused on real estate and energy investments, an affliate has reached an agreement to develop a 147,000 s/f mixed-use facility in a designated opportunity zone.
