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 28^th 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.

Durst selects Serendipity Labs to operate at 205 East 42nd St. - 41,000 s/f

NEW YORK, NY Serendipity Labs, the leading international flexible office space provider, has entered into a 10-year operating agreement with The Durst Organization (“Durst”) to operate a 41,000 s/f flexible office facility within Durst’s 205 East 42^nd building, a 532,000 s/f office building located one block from Grand Central Terminal.

VRF Solutions completes electrification of Manhattan College’s Chrysostom Hall

Bronx, NY In response to the growing social and legislative pressure to decarbonize New York’s aging building stock, Manhattan College has completed the electrification of its oldest dormitory, Chrysostom Hall. Located at 45-25 Manhattan College Pkwy.

Enhancing DEI and ESG considerations in CRE - by Buzz Riley and Julio Braga

The state of the industry The last several years have necessitated a serious reconsideration of efforts towards diversity, equity and inclusion (DEI), as well as the sustainable and ethical impacts related to environmental, social, and corporate governance (ESG) considerations for almost every major organization.

This may not be the right time to sell your investment property - by Daniel and Sam Pessar

There are few things more valuable than good advice, but good advice for long-time real estate owner-operators can be hard to find. Professionals are incentivized to give a certain kind of advice: a long-time accountant or property service professional might lose the account if the owner sells.

PWC’s meet and greet with Skanska

New York, NY On March 16^th, Professional Women in Construction’s (PWC) Minority and/or Women-owned Business Enterprise (MWBE) Committee is hosting a meet and greet with Skanska to learn about Skanska’s subcontractor pipeline, MWBE hiring processes and engagement, and potential opportunities.

IREM hosts annual dinner and awards ceremony on March 2nd

New York, NY IREM NYC held their annual dinner and awards on Thursday, March 2^nd at 230 Fifth. The 250+ sold out crowd enjoyed an evening of cocktails, hors d’oeuvres, dinner, a magician, and of course, an awards ceremony!