News: Spotlight Content

The Burns Co. handles LEED-EB v2.0 Silver certifcation project

The Burns Cos. orchestrated a LEED certification project at 135 West 50th St. The Burns Cos. acted as the owner's representative and led a team of property managers, engineers, contractors, and green technology specialists to investigate and organize operations at the building to meet LEED requirements. The building received a LEED-EB v2.0 Silver Certification including an Energy Star score of 72. At the time of the certification, this building was one out of only five buildings in the city to achieve this LEED status. Using the results of a retro-commissioning energy study, several improvements were made including reducing water consumption by 10%, diverting 70% of building waste from landfills, and the utilization of air filters with a MERV 14 rating to improve air quality. The certification represents the property's exemplary ranking in credits for public transportation, development density, and occupant recycling as well. The project cost was undisclosed. "Meeting USGBC LEED standards for this building had its challenges," said Andrew Burns, president of The Burns Cos. "There's always some skepticism when explaining costs and benefits of the certification process to ownership, but with funding help from NYSERDA, we were able to conduct a full retro-commissioning energy study that produced excellent results in reducing energy costs. Another successful component of this effort was the Green Education Program which continues to increase awareness on the part of occupants and management to be more aware of their green footprint." "Getting this LEED certification was an important milestone," said Stu Feinberg, director at UBS Realty Investors and asset manager for the property. "The retro-commissioning energy study funded by NYSERDA proved to be very worthwhile for the upgrade process, it identified the key areas that needed to be a dressed for better energy performance. Andy Burns and the entire project team were instrumental in helping this property achieve the LEED-EB v.20 Silver Status, and we will be evaluating other properties that would benefit from a similar upgrade." LEED-EB v2.0 - Silver project highlights: * Achieved ENERGY STAR score of 72 * Extensive access to public transportation * Green building exterior management practices * Reduced potable water by 10% over EPA 1992 standards * Conducted a retro-commissioning energy study to help increase energy efficiency and reduce energy costs * Thorough preventive maintenance program * Extensive ozone protection through active management of refrigerants * Powered by Green-e energy for electricity * Diverted over 70% of building waste from landfill * Sustainable purchasing of office materials, green cleaning paper products, and light bulbs * 85% efficiency (MERV 14) air filters to provide proper indoor air quality * 50% of office spaces have lighting controllability * High performance green cleaning featuring Green Seal certified cleaning products, equipment and pest management * Exemplary performance in public transportation, development density, and occupant recycling Project partners on 135 West 50th St. include: Owner's representative, The Burns Cos.; building manager, Murray Hill Properties (MHP); LEED consultant, CodeGreen Solutions; retro-commissioning agent, Dome-Tech Group; green cleaning, First Quality Maintenance; and recycling vendor, IESI.
MORE FROM Spotlight Content

Over half of Long Island towns vote to exceed the tax cap - Here’s how owners can respond - by Brad and Sean Cronin

When New York permanently adopted the 2% property tax cap more than a decade ago, many owners hoped it would finally end the relentless climb in tax bills. But in the last couple of years, that “cap” has started to look more like a speed bump. Property owners are seeing taxes increase even when an
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
The strategy of co-op busting in commercial real estate - by Robert Khodadadian

The strategy of co-op busting in commercial real estate - by Robert Khodadadian

In New York City’s competitive real estate market, particularly in prime neighborhoods like Midtown Manhattan, investors are constantly seeking new ways to unlock property value. One such strategy — often overlooked but
How much power does the NYC mayor really have over real estate policy? - by Ron Cohen

How much power does the NYC mayor really have over real estate policy? - by Ron Cohen

The mayor of New York City holds significant influence over real estate policy — but not absolute legislative power. Here’s how it breaks down:

Formal Legislative Role

Limited direct lawmaking power: The NYC Council is the primary
Properly serving a lien law Section 59 Demand - by Bret McCabe

Properly serving a lien law Section 59 Demand - by Bret McCabe

Many attorneys operating within the construction space are familiar with the provisions of New York Lien Law, which allow for the discharge of a Mechanic’s Lien in the event the lienor does not commence an action to enforce following the service of a “Section 59 Demand”.
Oldies but goodies:  The value of long-term ownership in rent-stabilized assets - by Shallini Mehra

Oldies but goodies: The value of long-term ownership in rent-stabilized assets - by Shallini Mehra

Active investors seeking rent-stabilized properties often gravitate toward buildings that have been held under long-term ownership — and for good reasons. These properties tend to be well-maintained, both physically and operationally, offering a level of stability