Category: Owners Developers & Managers

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. 

All city skylines have large commercial buildings that consist of hundreds of thousands of windows.  Architects for these building utilize various types of window systems for their façades; however, the most common choice amongst newer (or newly renovated) commercial buildings are unitized curtainwall systems. 

New York, NY Earlier this month, Professional Women in Construction (PWC) presented their first Life Sciences Forum on February 5-th at the Allsteel Showroom. The event was a success and sparked interesting discussions. The New York region has seen significant investment in the life sciences area, leading to more and more facilities being developed and built to advance healthcare, medical education, and technology. The event included a keynote and panel discussion on the growth in the life sciences sector and building life sciences facilities. 

New York, NY In 2012, New York State passed legislation allowing the creation of a new corporate form called the Design Professional Corporation (DPC). In a DPC, engineers, architects, land surveyors, landscape architects and geologists may join together to form a company to practice these professional disciplines. This legislation also states that if a firm’s Employee Stock Ownership Plan (ESOP) qualifies under certain criteria (greater than 75% of the ESOP’s trustees and plan committee members are licensed design professionals), that ESOP can be the largest shareholder and own up to 24.9% of the firm. This has proven to be a successful business model, and many firms have taken advantage of the flexibility it provides and the ESOP ownership provisions. 

New York, NY Matt Duthie of NKF received the Institute of Real Estate Mangament (IREM) Great New York chapter’s Real Estate Person of the Year award on February 7th at the organization’s annual dinner at 230 FIFTH. Gail Duke, Duthie’s friend and colleague, presented the award. In his speech, Duthie extolled the virtues of IREM’s education and designation program saying, “It’s the most important investment you can make in yourself.”

New York, NY The BOMA New York office in midtown hosted another sold out Lunch & Learn – focused on Local Law 88 of 2009 (LL88), AKA the Greener, Greater Building Plan. Deborah Deluca, vice president of electronic drives and controls, and chairperson of the Lunch & Learn program welcomed the packed room and introduced Christopher Cayten, LEED AP, M.Arch, principal of CodeGreen.