Business Specialties  Property Management
Bellina Takes Over as General Manager at Empire State Building
Jul 22, 2009

On the heels of announcing a major sustainability initiative, the owners of Manhattan’s iconic Empire State Building have tapped Joseph Bellina to serve as the tower’s new general manager. Bellina, 47, most recently served as president & principal with Property Advisors Inc., a real estate and advisory services firm. From 2005 through 2008, he was with Newmark Knight Frank, most recently as executive vice president heading up property management for a 40 million-square-foot portfolio. Several months ago, the Empire State Building’s ownership group—a partnership between Peter L. Malkin and the estate of the late Leona Helmsley—announced a plan to reduce the building’s total energy consumption by 38 percent. In addition, the owners plan to gain LEED Gold certification from the U.S. Green Building Council for the 1,450-square-foot tower

 
Recent Property Management  Headlines
Transwestern Wins Nearly 500,000-SF Property Management Assignment
Aug 04, 2009
Transwestern has been awarded management of One Central Park East, a 485,720-square- foot office project Mesirow Financial Real Estate is constructing at 50 East Van Buren in Downtown Phoenix. Under construction and scheduled to open in the third quarter of 2009, the 26-story Class A property will also include 9,000 square feet of retail space and an executive fitness center. A recipient of the AIA Western Mountain Region Design Citation Award, it includes an advanced insulated window wall glass system featuring exterior horizontal and vertical shade fins to combat the harsh Phoenix sun.
Opus Property Services Reported for Sale
Aug 03, 2009
Opus Corp. is seeking to sell its property-management business, according to a report on bizjournals.com, the Web site of American City Business Journals. It quoted a company spokesperson as stating that selling off Opus Property Services would help the company renew its focus on its "core competency," along with its being a good time to sell because property management firms currently have an "appetite ... to grow their (business)." Opus' management portfolio totals about 30 million square feet of office, retail, industrial and corporate space.
CAS Launches Green Apartment Measurement Tool
Jul 24, 2009
CAS Financial Advisory Services, the asset management arm of CAS Partners, launched Green Capital Needs Assessment, designed to measure quantitatively the value of incorporating green improvements into multi-family properties. For discussion on another green tool, the Corporate Realty, Design & Management Institute's Model Green Lease, designed for use across commercial properties, log on to CPN Radio later today.
Bellina Takes Over as General Manager at Empire State Building
Jul 22, 2009
On the heels of announcing a major sustainability initiative, the owners of Manhattan’s iconic Empire State Building have tapped Joseph Bellina to serve as the tower’s new general manager.
Essex Tapped to Manage 800,000SF Orange County Biz Park Portfolio
Jul 21, 2009
Essex Realty Management has been awarded the leasing, property management and construction management assignment for an 800,000-square-foot portfolio of multi-tenant business parks in Orange County, Calif.
 
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?CPN Executive Outlook? A roundtable discussion on market strategies with John C. Cushman III, Chairman of Cushman & Wakefield, Inc., Gordon DuGan, President and CEO of W. P. Carey & Co., and Mark Rauenhorst, Chairman and CEO of Opus Group.; CPN; Cushman & Wakefield; Gordon DuGan; John C. Cushman III; Mark Rauenhorst; Opus Group; W. P. Carey & Co.; Eugene Gilligan, Senior Editor for Commercial Property News interviews Bob Bach, National Director, Market Analysis Grubb & Ellis Company at Multi Housing World.; Bob Bach; Commercial Property News; Eugene Gilligan; MHN; Multi housing news; multi housing world; hompage