In January 2022, Brookfield Properties signed a five-year contract to purchase 100 percent of the electricity needs of One Manhattan West from New York–based renewable energy providers. The deal is one of the largest intrastate renewable energy agreements for a single building in New York City, and it makes One Manhattan West the first building […]
RUDIN MANAGEMENT COMPANY, a private and diversified real estate owner, began investing in real estate technology in 2009. Rudin’s strategy is to invest in technologies that enhance its business by making buildings run more efficiently, lease up faster, and improve tenant retention. Rudin is committed to the sustainable management of its portfolio and constantly evaluates its portfolio for opportunities to upgrade building systems and components with state-of-the-art, efficient equipment and technologies.
Operational efficiency is a core strategy for the energy management program at SL GREEN, a fully integrated REIT, focused on Manhattan commercial properties. Best-in-class operations that are cost-efficient, scalable, and rapidly deployable are enabled by long-term capital investments in building infrastructure. These investments modernize base building systems, reduce operating costs, and increase a property’s overall value.
When making energy efficiency upgrades in multifamily properties, CLARION PARTNERS, a U.S. real estate investment manager, focuses on both common areas and tenant spaces. Many properties have conducted lighting retrofits that updated outdoor and corridor lighting, with over 75 percent using exterior lighting fixtures controlled by daylighting photosensors.
At LENDLEASE, an international property and infrastructure group, sustainability is integrated across all lines of business. The company’s approach is guided by its Sustainability Framework and measured against sustainability performance targets. When Lendlease operates as a construction contractor, one key area of opportunity is to prevent, reduce, and ultimately aim to eliminate construction waste at job sites
Summary of Wyandanch Village Wyandanch Village is a 40-acre, community-led redevelopment project designed as a comprehensive, “smart growth” transit-oriented development (TOD) located in the hamlet of Wyandanch, a historically underserved community within the town of Babylon, in New York’s Suffolk County, located on Long Island. This comprehensive, multiphase, mixed-use, mixed-income project was made possible by […]
Hudson Park is a transit-oriented multifamily rental development—adjacent to the Yonkers Metro-North train station in the heart of Yonkers, New York—consisting of four separate buildings built in three phases over a 17-year period. The project is located on a former industrial site of eight acres located between the train station and the Hudson River. The first phase includes 266 apartments in two separate nine-story buildings, the second phase includes 294 apartments in one building with two towers of 12 and 14 stories, and the third phase includes 213 apartments in one 24-story tower. The project also encompasses 18,606 square feet of retail and office space. Hudson Park was undertaken by Collins Enterprises and involved a public/private partnership and cooperation among various groups, including the city of Yonkers, the Yonkers Industrial Development Agency, the state of New York, the Metropolitan Transportation Authority, and numerous private capital sources. Hudson Park will consist of 773 rental apartments when completed in 2018.
Prospect Plaza is a mixed-use affordable housing redevelopment project spread over five buildings and three blocks in Brooklyn’s Ocean Hill–Brownsville neighborhood. The $200 million project is replacing a former New York City Housing Authority (NYCHA) complex with a mix of nearly 400 public housing and affordable rental apartments, retail space, and community and recreational facilities designed to support resident health in a rapidly developing area with significant public health challenges.
Gotham West is a multifamily rental housing development that opened in 2013 on the west side of midtown Manhattan. With 1,240 units and 15,000 square feet of retail space on four acres of land, Gotham West provides residents with direct access to an on-site bike shop along with a plethora of opportunities to engage in active, healthy urban living. Situated near the Hudson River Greenway, Gotham West lets residents and visitors enjoy amenities that allow them to take advantage of active transportation options to reach area destinations.
The completion of this project was the crowning event in the transition of Alexander’s from a failed discount retailer to a profitable REIT. In the late 1970s, Interstate Properties, a regional REIT managed by Steven Roth, who is also chairman and CEO of Vornado Realty Trust, started buying up shares in the publicly traded Alexander’s, with the declared intention of unlocking the value in the retailer’s properties. By the time Alexander’s went bankrupt in 1992, Interstate and Vornado together owned more than 60 percent of its common stock. In 1993, Alexander’s emerged from bankruptcy repurposed to focus on its biggest asset: the land under its 11 stores. Of most interest was the entire block it owned just south of Bloomingdale’s flagship store on Lexington Avenue.