News: Brokerage

Steven Winter Associates holds panel discussion

Steven Winter Associates, Inc. (SWA) held a panel discussion, entitled NYC Building Owners and Managers Session: Improving Performance in Existing Buildings. Attendees learned about the advantages of retro-commissioning (RCx) at the event that took place on March 13 at the GE Monogram Design Center in the Architects & Designers Building. Founder and president of SWA, Steven Winter, moderated the discussion and presented alongside Dan Egan, operations analyst at Vornado Realty Trust, Jonathan Flaherty, director of sustainability at Tishman Speyer, and Eric Marshall, project manager at Rose Associates, Inc. The three real estate professionals spoke of their experiences, successes and lessons learned from the RCx process, and discussed the manners in which retro-commissioning has been addressed in their respective properties. Retro-commissioning involves the testing and tune-up of existing building systems and allows property owners to confirm whether systems are operating at maximum efficiency. The systematic process identifies maintenance, calibration and operations errors. Once corrected, these findings provide significant energy savings and improve equipment reliability. Mistakes originating from the building's construction or subsequent renovations can be pinpointed during the process, as well. Steven Winter has been at the forefront of the U.S. sustainable/green building movement since its beginning. As chairman of the U.S. Green Building Council from 1999 to 2003, Winter led the organization as its membership and influence skyrocketed with the launching of Leadership in Energy and Environmental Design (LEED) and Greenbuild. His personal expertise revolves around program management, green systems and products, energy efficient housing, and the U.S. housing industry.
MORE FROM Brokerage

REALM, DelShah Capital and A.M. Properties acquire 377,000 s/f CitySpire office condominium

Manhattan, NY REALM, in partnership with DelShah Capital and A.M. Properties, acquired  CitySpire, a 377,000 s/f office condominium comprising 24 floors within the 70-story tower at 156 W 56th St. in Midtown. Adjacent to Central Park with transit access and amenities, CitySpire is a Class A office asset located in one of the city’s most sought-after office corridors.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
Tri-state capital  migrates nationally amid  regulation pressure - by Reese Weaver

Tri-state capital migrates nationally amid regulation pressure - by Reese Weaver

New York tri-state multifamily investors are increasingly reallocating capital to less-regulated markets across the U.S. as rent control and legislative risk erode returns at home. With over 60% of New York City’s rental housing stock classified as rent-stabilized, the traditional value-add model — buying under-performing buildings,

The anticipated effect of Basel III and ISO 20022 implementation on commercial real estate - by Michael Zysman

The anticipated effect of Basel III and ISO 20022 implementation on commercial real estate - by Michael Zysman

July 1, 2025 is the deadline for US banks to begin to adopt Basel III banking standards and July 14, 2025 is the deadline for U.S. banks to adopt ISO 20022 messaging standards. Both will have a significant effect on the banking and commercial real estate (CRE) finance sectors.
A fresh start - by Shallini Mehra and Amit Doshi

A fresh start - by Shallini Mehra and Amit Doshi

For the past several years, the New York City multifamily housing market has been defined by disruption. The combined impact of the HSTPA rent laws and a sharply higher interest rate environment has fundamentally reduced
The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

There was a time when an offering memorandum (OM) was pretty bare bones, some photos, a few bullet points on income, and a rent roll thrown in at the back. That used to get the job done. Not anymore. In 2025, buyers are sharper, faster, and more selective. They’re looking