Owners Developers & Managers

Bayport Funding provides $3.35m construction loan for multifamily property conversion

Brooklyn, NY Bayport Funding has provided a $3.35 million acquisition and construction loan for the single-family conversion of a multifamily brownstone in Boerum Hill. The three-story, 2,576 s/f property was built in 1899 and comprises four bedrooms and three bathrooms.

Rose Associates and The Marmara Group continue leasing at 301 East 94th St.

Manhattan, NY Rose Associates has leasing underway at 301 East 94th St. The property, a complete re-imagination of an existing hotel that has been fully renovated and transformed into a brand-new rental development by Rose and the Marmara Group, offers 106 apartments in studio-, one-, two- and three-bedroom configurations.

Executive of the Month: Jim Cinelli, P.E.,
President, Liberty Environmental

How did you get into environmental engineering?  Since I was very young, I was interested in the flow of water – whether in natural streams or in man-made channels. My friends and I used to frequently play in a nearby stream, and float sticks down drainage ditches after storms.

Incorporating AI responsibly into buildings - by Akram Khalis

It’s impossible to imagine the living, working and playing spaces of tomorrow without considering artificial intelligence (AI). After all, the rapidly democratizing technology has made itself at home in nearly every place we find humans today.

QuickBooks vs. property management software in New York - by Chris Ulep

Property management software for New Yorkers needs to be designed to handle their unique needs. While some have tried, it can be a substantial effort to take general accounting software such as QuickBooks and try to adapt it for property management. QuickBooks is arguably the best-known accounting software for small businesses in the country.

The benefits of choosing ‘full service’ for your next building renovation - by Ron Fanish

Building renovations are some of the most complex and stressful undertakings that a building owner can face. There’s no shortage of decisions to make, from setting a timeline and determining a budget, to selecting materials and the right design. Meanwhile, time is of the essence: tenants can only be displaced for so long.

MNPP secures lease extension for 545 Madison - 30,094 s/f

New York, NY Marx Realty (MNPP) has unveiled 545 Madison’s luxury penthouse renovation renderings. Additionally, GTS Securities has signed a two-year lease extension for its 30,094 s/f space, distributed across the building’s 9th, 15th, 16th, and 17th floors.

Understanding the rising cost of HOA insurance - by Tyler Schlapkohl

Homeowners association (HOA) insurance plays a vital role in protecting and maintaining managed communities. These policies have long provided residents with essential personal and property coverage, along with peace of mind. However, one significant issue challenging HOAs nationwide is the dramatic rise in the cost of insurance premiums.

Rudin appoints O’Connor senior vice president

New York, NY Rudin, a full-service real estate organization, has hired industry veteran Drew O’Connor as senior vice president, head of commercial property management.

PWC-NY to host annual Salute to Women of Achievement - Sept. 20th

Manhattan, NY On September 20th, Professional Women in Construction (PWC) will be hosting their annual Salute to Women of Achievement event where they will be honoring their 2023-2024 scholarship recipients. The PWC Scholarship Program recognizes six emerging students pursuing a degree in the AEC industry.