Media Coverage

  • Successful Social Programming: The Value of Building Relationships

    Nov 08, 2024
    We partner with boards to create exciting event calendars for residents that help foster a sense of community and enhance curb appeal. Maria Hurst, a vice president in our New Development Group, spoke with CooperatorNews to share her insights on maximizing available resources for tailored programming in the buildings we manage.
     
    "Success is largely measured through direct feedback from residents. That’s one reason we believe in fostering a personal connection between the board, building staff, and residents. These conversations help us fine-tune our work to elevate the lifestyle of each resident."
    Maria-Hurst-vice-president-new-development-group-headshot-circle-FirstService-Residential-New-York-11-08-2024
    — Maria Hurst, Vice President | New Development Group 
     
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  • FirstService Residential ranked New York’s top property management company by The Real Deal

    Nov 04, 2024
    For the third consecutive year, FirstService Residential has been ranked New York’s top property management company by The Real Deal. To rank the city’s top property managers, The Real Deal analyzed the number of units under management using building data from the Department of Housing Preservation and Development from all five boroughs.
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  • Why Insurance Rates for New York Property Owners are Soaring

    Oct 16, 2024
    In recent years, boards and building owners have seen steep increases in their annual insurance premium costs. Sean Kent, senior vice president of insurance at FirstService Financial, spoke with THE CITY to explain why premiums are rising and how this affects our clients.
     

    "Outside influences are coming together and forcing insurance carriers to be much more selective on who they’re going to insure. We manage a handful of buildings that have really struggled to make ends meet because of the premiums that they’re being forced to pay just to insure their buildings."

    Sean-Kent-Senior-Vice-President-FS-Insurance-Brokers-Headshot-Circle-FirstService-Residential-New-York-06-03-2024— Sean Kent, Senior Vice President, Insurance | FirstService Financial 

     
     
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  • Jaime Sanmiguel Speaks at Bisnow's 2024 Multifamily Conference

    Oct 14, 2024
    Jaime Sanmiguel, vice president of FirstService Residential's Multifamily Rental Division, recently spoke at Bisnow’s 2024 Multifamily Development, Asset Management, & Operations conference. For his panel, “Technologies & Amenities Defining Class-A Residential Buildings,” Jaime was joined by industry thought leaders to discuss how emergent prop-tech and amenities are redefining the meaning of luxury for multifamily rental developments.
     

    "There’s often a ‘push and pull’ between tenants who love the convenience of new technology — think virtual doormen and amenity reservations — versus tenants who prefer more traditional services — the in-person doorman, the package attendant, or the concierge staff. It’s important to consider everyone’s needs and strike a balance for who you’re catering to."

    Jaime-Sanmiguel-Multifamily-Rental-Management-Division-FirstService-Residential-New-York-Headshot-circle— Jaime Sanmiguel, Vice President | Multifamily Rental Division 

     
     
     
     
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  • Seminole Owners Corp. Saves $42,000 in Energy Costs

    Jun 27, 2024
    FirstService Residential helped Seminole Owners Corp., a 349-unit co-op complex in Queens, save an anticipated $42,000 in annual energy costs by integrating Runwise technology throughout the property. This low-cost solution has improved the efficiency of the gas-fired boiler by automatically adjusting its output based on real-time indoor temperature data.

    Get the full story in Habitat Magazine.
     

    "I just saw the dollars being thrown out of the window and I knew we had to do something about it."

    Amanda-Mercado-Senior-Property-Manager-CityLine-Division-FirstService-Residential-New-York-06-27-2024— Amanda Mercado, Senior Property Manager | FirstService Residential

     
     


    "The system makes predictions about what the optimal indoor temperature should be every 15 minutes, and then runs the heating system precisely to deliver that temperature. When the weather is mild you can see 60–⁠70% reductions in energy use."

    Lee-Hoffman-President-Runwise-FirstService-Residential-New-York-06-27-2024— Lee Hoffman, President | Runwise

      
     
     
     
     
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  • FirstService Residential Selected to Participate in NYSERDA's Empire Building Challenge

    May 23, 2024
    FirstService Residential, New York’s leading residential property management company, has joined the Empire Building Challenge, a $50 million initiative administered by the New York State Energy Research and Development Authority (NYSERDA) to decarbonize existing multifamily residential and commercial high-rise buildings.
     

    "Investing in new, clean, resilient technologies is just one way that New York is advancing progress toward our ambitious Climate Act goals, and the Empire Building Challenge is one of the most successful programs in decarbonizing high-rise buildings. This program continues to demonstrate how collaborative partnerships can develop solutions that lower harmful emissions from buildings, creating healthier spaces for all New Yorkers to live and work, and I look forward to what this new round will bring."

    Kathy-Hochul-New-York-State-Governor-Headshot-Circle-FirstService-Residential-New-York-05-16-2024— Kathy Hochul, Governor | New York State

     
     
     
     
    As an Empire Building Challenge Partner, FirstService Residential is committed to advancing New York’s goal to achieve carbon-neutrality through sophisticated energy retrofit projects and facility upgrades that reduce carbon emissions across the company’s portfolio of managed properties.
     

    "New York’s groundbreaking Empire Building Challenge demonstrates the value of public-private partnerships and how large buildings are an important part of the solution to tackle climate change through planned capital investments. The Retrofit Playbook for Large Buildings in conjunction with this new round of partners will serve as inspiration to other building owners as they modernize their buildings."

    Doreen-M-Harris-CEO-President-NYSERDA-Headshot-Circle-FirstService-Residential-New-York-05-22-2024— Doreen M. Harris, CEO and President | NYSERDA


     


     
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  • Keys to Effective Pre-Leasing and Lease-Up in New York City

    May 22, 2024
    What are the keys to attracting residents in one of the most competitive markets in the world? Ashlee Friedmann, a managing director in our Multifamily Rental Division, shares her insights with Multifamily Executive.
     

    "There needs to be an understanding of the area, what is needed, what people expect, and what the competition offers. Lacking an understanding of why people are drawn to a property can also undermine a marketing campaign, as you may be advertising to the wrong renters."

    Ashlee-Friedmann-Managing-Director-Multifamily-Rental-Division-Headshot-Circle-FirstService-Residential-New-York-05-22-2024—  Ashlee Friedmann | Managing Director, Multifamily Rental Division  


     
     
     
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  • Lincoln Square Condominium Secures Nearly $16,000 in Energy Credits from Con Edison

    Apr 01, 2024
    FirstService Residential helped Lincoln Square Condominium, a 281-unit condo in Lincoln Square, Manhattan, secure nearly $16,000 in energy credits for lowering whole-building consumption during peak demand events last year. This was enabled through our partnership with Logical Buildings, a climate technology firm that provides energy data tracking through a program called SmartKit AI.

    Get the full story in Habitat Magazine.
     

    "We are helping the environment and putting money back in the building’s pocket"

    —  Mickey McCreesh | Resident Manager, Lincoln Square Condominium  
     

     
     
     
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  • The Housing Market: 2024 Outlook

    Feb 10, 2024
    Will 2024 be another challenging year for co-op and condo boards? In CooperatorNews' 2024 housing market projections, FirstService Energy president Kelly Dougherty shares efficiency projects and facility upgrades that can help boards lower costs and comply with new local laws.
     

    "We’re seeing communities come together to invest in sustainability programs, from installing EV chargers to investing in water conservation measures, but these low-hanging-fruit projects will not be enough to meet their climate goals, and larger, more expansive projects like the conversion to electricity of heating and domestic hot water production will have to be planned."

    —  Kelly Dougherty | President, FirstService Energy  
     

     
     
     
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  • FirstService Residential Remains Optimistic in 2024 Market Outlook

    Jan 26, 2024
    There is no rental market in the country quite like New York City, where the cost of development, emergent housing laws, and the number of rent-controlled apartments far outpace other states. Despite these challenges, Marc Pollack, Managing Director of Asset Management, shares a positive outlook on tenant demand and pricing as we barrel into the second quarter.

    Get the full story in Multifamily Dive.
     

    "After an initial hit, where occupancy dropped to historical lows from what we’re used to, we came back pretty strong and experienced two summers of historically strong rents and rent growth. The market has softened a bit, but folks like me really need to see various data points before we’re in a position to concede the point."

    —  Marc Pollack | Managing Director of Asset Management  
     

     
     
     
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