{"id":1004051747,"date":"2012-08-03T06:21:50","date_gmt":"2012-08-03T14:21:50","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=60806"},"modified":"2022-12-02T12:13:27","modified_gmt":"2022-12-02T20:13:27","slug":"lighting-retrofit-completed-at-ernst-young-nyc-headquarters-avison-young-closes-on-three-transactions","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/lighting-retrofit-completed-at-ernst-young-nyc-headquarters-avison-young-closes-on-three-transactions\/","title":{"rendered":"Lighting Retrofit Completed at Ernst &amp; Young NYC Headquarters; Avison Young Closes on Three Transactions"},"content":{"rendered":"<p style=\"text-align: justify\"><em>By Veronica Grecu, Associate Editor<\/em><\/p>\n<p style=\"text-align: justify\">A team of contractors made up of JAS Consulting, Philips Lightolier Energy Service Group and One Lux Studio recently finished work on a massive lighting retrofit project at Ernst &amp; Young\u2019s 650,000-square-foot headquarters in Times Square.<a href=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2012\/08\/ernst-young-NYC.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignright size-medium wp-image-60814\" title=\"ernst - young NYC\" src=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2012\/08\/ernst-young-NYC.jpg\" alt=\"\" width=\"200\" height=\"300\" \/><\/a><\/p>\n<p style=\"text-align: justify\">Considered to be one of the largest lighting retrofit initiatives in New York City, the project brings the company one step closer to having most of its employees work in LEED and\/or Energy Star certified spaces by the end of 2013.<\/p>\n<p style=\"text-align: justify\">It is estimated that the newly installed energy-efficient lighting systems will reduce the building\u2019s annual energy use by 54 percent, or from 6.2 million kilowatt-hours annually to nearly 3 million. Also, the projected decrease in energy consumption will reduce the company\u2019s CO2 emissions by nearly 2 million pounds.<\/p>\n<p style=\"text-align: justify\">\u201cThis project is the result of the collaboration between several infrastructure groups within Ernst &amp; Young LLP, particularly the Facilities and Real Estate teams, and the Climate Change and Sustainability Services professionals who advise clients on sustainability practices,\u201d said Leisha John, Ernst &amp; Young Americas Director of Environmental Sustainability.<\/p>\n<p style=\"text-align: justify\">In other news, Canada-based commercial real estate services firm Avison Young announced last week the completion of three loan sale transactions by the company\u2019s New York City-based team lead by Avison Young Principal Justin Piasecki and Vice President Aaron Iskowitz in the New York City office.<\/p>\n<p style=\"text-align: justify\">The three loan sale transactions are as follows:<\/p>\n<p style=\"text-align: justify\">&#8211;\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 A 9-asset portfolio comprising of one real estate-owned site, one non-performing loan and seven performing loans located throughout New England on behalf of a Boston-based real estate investment firm. The collateral consisted of a mix of multifamily, office and retail properties.<\/p>\n<p style=\"text-align: justify\">&#8211;\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 A first mortgage collateralized by a multi-tenant retail property in Rancho Mirage, Calif. on behalf of a Midwest-based commercial lender. The 76,168-square-foot property was 91 percent occupied at the time of transfer.<\/p>\n<p style=\"text-align: justify\">&#8211;\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 A first mortgage collateralized by a multifamily property in San Jose, Calif. on behalf of First National Bank of America in East Lansing, Mich.<\/p>\n<p style=\"text-align: justify\"><a href=\"https:\/\/www.multihousingnews.com\/news\/market-snapshot-vacancies-and-rents-at-extremes-in-manhattan-new-development-slowly-materializes\/1004058091.html\"><strong>Click here<\/strong> <\/a>for more market data on New York City.<\/p>\n<p style=\"text-align: justify\"><em>Image credits to\u00a0Spencer Platt\/Getty Images North America<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>A team of contractors made up of JAS Consulting, Philips Lightolier Energy Service Group and One Lux Studio recently finished work on a massive lighting retrofit project at Ernst &amp; Young&rsquo;s 650,000-square-foot headquarters in Times Square.<\/p>\n","protected":false},"author":757,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1600,21742],"tags":[1815],"class_list":["post-1004051747","post","type-post","status-publish","format-standard","hentry","category-new-york","category-latest","tag-national"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Lighting Retrofit Completed at Ernst &amp; Young NYC Headquarters; Avison Young Closes on Three Transactions - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/lighting-retrofit-completed-at-ernst-young-nyc-headquarters-avison-young-closes-on-three-transactions\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Lighting Retrofit Completed at Ernst &amp; Young NYC Headquarters; Avison Young Closes on Three Transactions\" \/>\n<meta property=\"og:description\" content=\"A team of contractors made up of JAS Consulting, Philips Lightolier Energy Service Group and One Lux Studio recently finished work on a massive lighting retrofit project at Ernst &amp; Young&rsquo;s 650,000-square-foot headquarters in Times Square.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/lighting-retrofit-completed-at-ernst-young-nyc-headquarters-avison-young-closes-on-three-transactions\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2012-08-03T14:21:50+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-02T20:13:27+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2012\/08\/ernst-young-NYC.jpg\" \/>\n<meta name=\"author\" content=\"Veronica Grecu\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/lighting-retrofit-completed-at-ernst-young-nyc-headquarters-avison-young-closes-on-three-transactions\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/lighting-retrofit-completed-at-ernst-young-nyc-headquarters-avison-young-closes-on-three-transactions\\\/\"},\"author\":{\"name\":\"Veronica Grecu\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/159949bd3f979917cc7bf081d749b862\"},\"headline\":\"Lighting Retrofit Completed at Ernst &amp; 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