News: Owners Developers & Managers

Vantage Properties partners with U.S. Energy Group for major green initiative

Vantage Properties, LLC, one of New York's leading owners of affordable residential and retail property, has begun a major initiative, in partnership with U.S. Energy Group, to reduce the carbon footprint of its 139-building portfolio in New York City.  Using U.S. Energy's energy management and control technologies to optimize usage, waste and pollution will be dramatically reduced for each property.   Most multifamily buildings use a single outside sensor to control cycling of the fuel-energy system - a method which is highly inaccurate, often resulting in the burning of excess fuel and, therefore, increased pollution.  Vantage is implementing U.S. Energy's Energy Management System (EMS) which uses strategically placed sensors throughout each property to reach the ideal comfort level for all residents without waste.  Consequently, the properties achieve increased energy efficiency while reducing overall operating costs. "Vantage is dedicated to setting the highest standards of quality for affordable housing," said Neil Rubler, president and CEO of Vantage Properties, LLC. "We believe that incorporating innovative and sustainable property management practices is integral to the responsible and proactive maintenance of our properties and a step toward making New York a healthier urban environment." Additionally, each Vantage building will be monitored with USE-Manager, which provides constant online analysis of each facility's fuel-energy system in order to identify weaknesses and potential problems, track usage and alert building management immediately regarding any issues that could impact residents. These measures not only reduce the carbon footprint of the properties, they also prolong the life of each heating system. "Vantage Properties is part of a new generation of property owners and managers whose prescient approach to managing their portfolios in order to curb waste and pollution will not only promote a better quality of life for their residents, but a better quality of life for us all," said Jerry Pindus, CEO of U.S. Energy Group.  
MORE FROM Owners Developers & Managers

GFP Development and CetraRuddy to speak at ICF “On the Future of City Living”

Manhattan, NY After the reveal of Wrey, the second office-to-residential luxury conversion by GFP Development and award-winning architecture and interior design firm CetraRuddy, two of its key design protagonists will speak at ICFF “On the Future of City Living.”
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
IREON Insights:  Research and development tax credit: Very important deadline for amendments is July 6 - by Richard Levychin

IREON Insights: Research and development tax credit: Very important deadline for amendments is July 6 - by Richard Levychin

If you are a company that either claimed or qualify for the research and development tax credit you need to be aware of the following update resulting from the One Big Beautiful Bill Act (OBBBA).
Follow the upside: How NYC  investors are rethinking real estate - by Thomas Donovan

Follow the upside: How NYC investors are rethinking real estate - by Thomas Donovan

In my earlier years of brokerage, my team had our investor list divided into five brackets – multifamily, retail, office, industrial and development. For the most part, multifamily investors only wanted to see multifamily
Hunt Commercial Real Estate Q&A:  Location, location, location? - by David Hunt

Hunt Commercial Real Estate Q&A: Location, location, location? - by David Hunt

In working with our clients, we break down our search objectives into two categories. The first category involves the specific needs of your business such as warehouse height, amount of office space and number of loading
Hunt Commercial Real Estate Question and Answer:  Evaluating the buyer - by David Hunt

Hunt Commercial Real Estate Question and Answer: Evaluating the buyer - by David Hunt

The Purchaser: This is usually a subjective decision. As an example, a large public company may be a desirable purchaser because it is financially strong, but