In 1934 the City of New York christened the High Line rail line, which was uniquely designed to connect directly into factories and warehouses, allowing trains to roll right inside buildings. Milk, meat, produce and raw and manufactured goods could be transported and unloaded without disturbing traffic on the streets.

That was yesteryear. Fast forward to 1980, when there was an outcry to demolish the High Line—at the time a collection of abandoned and growing grasslands and forests on the old raid bed. Luckily, early versions of preservationists raised a ruckus and fought for a stay of execution. 

Fast forward one more time, and you have today’s High Line, which is among New York City’s most cherished and visited venues, spanning blocks of the city’s West Side. 

About three weeks ago my wife and I strolled the High Line through jammed-packed crowds, most from foreign lands far and wide. We exited the High Line and marveled at the hotels, restaurants, high-end brand-name shops, and more, that the High Line has spawned.

Lesson learned: our urban artifacts are treasures, and our young developers should focus on redevelopment of the “old stuff.” 



 

Sponsored Jobs:

 

FIRSTSERVICE RESIDENTIAL

Facilities Manager
(CHARLOTTE, NC) Position will serve as the Facility Manager for community association. Responsibilities include overall maintenance supervision over association building(s) to include mechanical and electrical systems, utilities, structure, pavements, masonry, concrete, signage, security, fire prevention, and interior/exterior appurtenances; ensuring that all support and service is conducted and fulfilled in a manner consistent with the goals and objectives of the association; and working with maintenance team and overseeing the work of maintenance employees.

 

AVRA PROPERTIES, LLC
Director of Acquisitions
(CHICAGO, IL) The Director of Acquisitions will be responsible for sourcing and underwriting real estate investment opportunities in markets throughout the United States. Reporting to the Managing Principal and Chief Financial Officer of AP, position will assist in selecting real estate investment prospects. Responsibilities include attending industry, broker, and other social events to generate underwriting opportunities; staying up-to-date on market conditions and underwriting assumptions; screening real estate investments for attractiveness in accordance with the firm’s investment criteria and guidelines; and financial modeling.

 

RELATED COMPANIES
District Manager
(LAS VEGAS, NV) Responsibilities include: overseeing real estate property management functions such as managing the day-to-day administrative and maintenance operations; extensive staff supervision; creating and implementing leasing and marketing plans; resident relations; budget preparation and financial reporting for multiple buildings; and monitoring compliance.

 

ULLICO INC.
Senior Regional Manager
(SAN FRANCISCO, CA) Position will communicate with all existing and prospective customers, originate and negotiate new construction and permanent mortgage loans; perform project due diligence, prepare loan committee memos, and present loans to senior management and investment committee; negotiate closing documents; manage existing portfolio; recommend disbursements of funds and prepare quarterly inspection reports and transaction memos; analyze trends in general business conditions and real estate sectors in assigned territory; and recommend approved third party appraisals, environmental reports, engineering analyses and construction progress reports.

- – -

 

FRIEDMAN INTEGRATED REAL ESTATE SOLUTIONS
Senior Property Manager
(FARMINGTON HILLS, MI) Position will manage a multi-property commercial portfolio and will be responsible for maintaining open and regular communication with owners as well as all levels of management. This will include conducting regular manager meetings with staff to discuss ongoing activities, concerns, and any issues with the buildings. The SPM will contribute to Company’s team-oriented environment by creating a team approach to management. A solid understanding of the portfolio’s financial performance as it relates to the organizational goals and objectives will be a priority.  Additionally, this position will have an ongoing focus on preventative and proactive maintenance programs while working to increase value and efficiency.

 

LANDMARK PROPERTIES
Development Analyst
(ATHENS, GA) Analyst will be a member of the development team, working to underwrite new development opportunities in student housing throughout the United States. In this role, the successful incumbent will be expected to make substantial contributions to analysis that will inform the firm’s investment decisions. Specific duties include using and modifying development models to build pro formas and understanding cash flows for potential developments; analyzing complex partnership agreements and capitalizations; preparing investment memoranda and other presentations for internal investment review, and to raise equity and secure debt; researching different markets across the United States to understand the local economy, demographic trends, and the overall health of the student housing market; and assisting in the preparation of various materials to facilitate the development team.

FIRST INDUSTRIAL
Regional Accounting Coordinator
(MOUNT PROSPECT, IL) The Regional Accounting Coordinator will be responsible for regional accounting functions such as accounts payable, accounts receivable, tracking tenant leases and agreements, processing check requests for construction, maintenance, or related services, processing property taxes, following up on and collecting past due invoices, and so forth. In addition, this position will prepare a variety of financial reports; reconcile assigned general ledger accounts; and interact with corporate accounting to resolve discrepancies.

 

KLJ
Transportation Planner II
(BISMARK, ND) Duties include providing transportation planning functions such as developing traffic safety, operations and policy reports and presenting to clients and the public; preparing site analysis, concept design, design development, and presentations; preparing technical drawings and plans using company established standard procedures; providing quality control by reviewing completed work to ensure compliance with KLJ quality standards; participating in meetings with stakeholders and clients; and conferring with project team members and clients to lead, prepare, and participate in project proposals and interviews.