Holiday Happenings

Holiday Giving, Commercial Real Estate Style

A New York Cares coat donation box (photo courtesy of Related Companies).

The holiday season and the sense of community it can evoke is sometimes enough to pry even the most voracious macher’s focus away from the all-consuming adventure of buying, selling and leasing square footage for retail and office use. This year, firms executed their seasonal giving in various ways. Here are a few …

  • Related Companies  announced a $500,000 donation to the Mayor’s Fund to Advance New York to support Hurricane Sandy relief efforts. The firm also has partnered with New York Cares to create donation sites for the 2012 New York Cares Coat Drive in prominent retail locations in New York City and New Jersey. Donations will be accepted at Manhattan’s Time Warner Center, the Bronx Terminal Market, the College Point Retail Center in Queens, the Gateway Shopping Center in Brooklyn and the Clifton Commons Mall in Clifton, New Jersey. Donations will be accepted at all locations through December 31, 2012.
The Sit-Down

Paramount Group’s Ralph DiRuggiero on How to Manage a LEED Certified Asset

Ralph DiRuggerio. Illustration by Paul Kisselev

Ralph DiRuggiero, a vice president of property management for the Paramount Group, knows the added value of managing LEED-certified buildings. The real estate investment and management firm oversees a portfolio of 13 million square feet of Class A office space in New York City, San Francisco, and Washington, D.C., and in time, Mr. DiRuggiero says, it wants each office building to have a LEED Gold designation. He spoke to The Commercial Observer about the cost benefit of LEED, and why hammers won’t help convince a tenant to go green. Read More