Read the full article at South Florida Business Journal online. The collapse of Champlain Towers South in Surfside has significantly impacted owners of older condos in South Florida, leading to increased financial burdens. With new state legislation requiring comprehensive inspections and structural integrity reserve studies for buildings over 30 years old, many condo associations face… Continue reading Upgrades and Renovations Make Florida Association Costs Higher and Push Owners to Sell
Author: akam_admin
Cooling Tower Replacement Saves 40% on Energy and 50% on Water for NoMad Co-Op
Read the full article at Habitat online. The replacement of the cooling tower at 22 West 26th Street, a co-op in NoMad, is set to enhance energy efficiency, potentially achieving up to 40% in energy savings. The new, high-efficiency cooling tower features self-modulating controls that adjust cooling based on demand, significantly improving performance over the… Continue reading Cooling Tower Replacement Saves 40% on Energy and 50% on Water for NoMad Co-Op
AKAM Vice President, Adam Hirsch, Recognized as a 2024 Multifamily Real Estate Influencer by GlobeSt
See the full list of influencers at GlobeSt online. Adam Hirsch, AKAM’s Vice President of New Development, Rental (Multifamily) and Commercial Management, has been recognized as a 2024 Influencer in Multifamily Real Estate by GlobeSt. Hirsch is working toward an improved perception of multifamily property management that emphasizes the importance of proactively meeting client needs and understanding… Continue reading AKAM Vice President, Adam Hirsch, Recognized as a 2024 Multifamily Real Estate Influencer by GlobeSt
AKAM Selected to Manage The MC in Brooklyn
Read the full article at Mann Report online. The MC, a design-oriented rental development located between Bed-Stuy and Bushwick, has appointed AKAM as its Brooklyn property management firm. AKAM will provide onsite management staff to the building and assist developers, prospective residents, and current residents with leasing, occupation, and operational processes, among other responsibilities. “We’re… Continue reading AKAM Selected to Manage The MC in Brooklyn
New Rooftop Exhaust Fans Save NYC Condominium $24,000 Annually in Energy Costs
Read the full article at Habitat Magazine online. The Future Condominium in Kips Bay upgraded its exhaust fans, significantly cutting costs and earning an “A” energy efficiency grade. Con Edison covered 70% of the $120,000 project, reducing the condo’s expense to $38,000. The new ultra-efficient fans save the building $24,000 annually by allowing for adjustable… Continue reading New Rooftop Exhaust Fans Save NYC Condominium $24,000 Annually in Energy Costs
Co-op on West End Avenue Finances Riser Replacement with Innovative Payment Plan
Read the full article at Habitat Magazine online. A luxury co-op on West End Avenue is undertaking a multimillion-dollar riser replacement project without sufficient reserves by using an interest-free contractor payment plan. This allows the project, estimated at $2.3 million, to start immediately while easing financial strain on shareholders by stretching monthly assessments over nine… Continue reading Co-op on West End Avenue Finances Riser Replacement with Innovative Payment Plan
Local Law 97: Strategies to Minimize Costs, Reduce Carbon Emissions & Enhance Building Operations
AKAM was joined by Joseph Weitz from Aurora Energy Advisors, LLC, as well as Jeff Carleton and Mike Cook from Runwise for an interactive Webinar Series on New York City’s Local Law 97 and Compliance Strategies to Minimize Costs, Reduce Carbon Emissions & Enhance Building Operations. Topics covered include: Panelists include: – Joseph Weitz, Director… Continue reading Local Law 97: Strategies to Minimize Costs, Reduce Carbon Emissions & Enhance Building Operations
Navigating Records, Document Retention & Compliance for Florida’s New Condo and HOA Statutes
Recent updates to Florida Statutes have put a new emphasis on how associations must collect, retain and distribute records for their community. Florida law mandates that these documents be kept for a minimum period to ensure accountability and facilitate access for members. Additionally, associations must maintain a well-organized system for record-keeping, allowing residents easy access… Continue reading Navigating Records, Document Retention & Compliance for Florida’s New Condo and HOA Statutes
SIRS Compliance Deadline — What’s Required by 12/31/24?
As the last quarter of the year approaches, staying on top of the latest requirements for Structural Integrity Reserve Studies (SIRS) is essential. On Thursday, July 25, AKAM was joined by Will Simons, RS, EBP of Association Reserves to provide a comprehensive overview of the upcoming compliance deadlines, delve into the specific requirements you need… Continue reading SIRS Compliance Deadline — What’s Required by 12/31/24?
AKAM’s LifeCycle Platform: Addressing the Challenges of Aging Building Equipment (Northeast / NYC)
In this webinar, AKAM CEO Ken Greene, AKAM SVP of Building Operations Christopher Alker, RA, NCARB, and CORE Insights Group Managing Partner Ross Kellman, introduced AKAM’s LifeCycle Platform, which addresses the challenges of managing aging building equipment. The platform uses QR tags to create a digital inventory, track repairs and replacements, and negotiate better rates… Continue reading AKAM’s LifeCycle Platform: Addressing the Challenges of Aging Building Equipment (Northeast / NYC)
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