{"id":1004775465,"date":"2025-10-23T04:48:46","date_gmt":"2025-10-23T12:48:46","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004775465"},"modified":"2025-10-23T07:44:47","modified_gmt":"2025-10-23T15:44:47","slug":"cretech-special-report-day-2","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/cretech-special-report-day-2\/","title":{"rendered":"CREtech Special Report: Day 2 Delves Into NYC, Sustainability"},"content":{"rendered":"\n

<\/p>\n\n\n

\n
\"A\n\t\t\t\n\t\t\t\t\n\t\t\t<\/svg>\n\t\t<\/button>
The discussion on the state of the New York market included from left to right: Alexander Durst, The Durst Organization; Robert Schiffer, SL Green Realty Corp.; Jeff Rosen, MAG Partners; Kelly Kennedy Mack, Corcoran Sunshine Marketing Group; and Niso Bahar, Alexico Group, in a panel moderated by Sam Chandan of the Chen Institute for Global Real Estate Finance at NYU Stern.
 Photo by Matthew Kaufman<\/em><\/figcaption><\/figure><\/div>\n\n\n

On day two of CREtech New York 2025, panelists and speakers broke down the state of the New York City office market and discussed sustainability trends in commercial real estate.<\/p>\n\n\n\n

In a panel of New York City real estate developers and investors, speakers discussed how the city has seen a strong comeback following the pandemic. Class A assets in particular are seeing especially high demand.<\/p>\n\n\n\n

In fact, demand for Class A assets is \u201cspilling over into the (Class) B\u2019s, and even buildings that don\u2019t have a lot of amenities are seeing demand for their space,\u201d said Alexander Durst, principal & chief development officer for The Durst Organization.<\/p>\n\n\n\n

Because of this spiking demand, one way for property owners to differentiate their assets from the rest of the market is to add unique amenities, Durst said, with the most popular amenities being conference areas and fitness centers.<\/p>\n\n\n\n

\n\n\n\n

READ ALSO:<\/strong> 5 Takeaways from Day 1 of CRETech New York<\/a><\/p>\n\n\n\n

\n\n\n\n

\u201cIt is the first question that a prospective tenant will ask when they are touring space,\u201d he said. \u201cWhat kind of amenities does the building have?\u201d<\/p>\n\n\n\n

The recent completion of JPMorganChase\u2019s new 2.5 million-square-foot headquarters is also likely to be a boon for the city\u2019s market, according to Sam Chandan of the NYU Stern Chen Institute for Global Real Estate Finance, who moderated the discussion.<\/p>\n\n\n\n

\u201cJPMorgan just cut the ribbon yesterday<\/a>, setting a precedent for large institutions to motivate folks to be back in the office five days a week,\u201d Chandan noted.<\/p>\n\n\n\n

Sustainability is not going anywhere<\/h2>\n\n\n\n

Speakers throughout the day also touched on the state of sustainability in 2025, in light of recent pullbacks by the Trump Administration from efforts to mitigate climate change. In a panel moderated by Heather Widman, partner at Building Ventures, speakers emphasized how corporate sustainability initiatives should continue, despite the views of whoever leads the government.<\/p>\n\n\n\n

\u201cWhatever might be happening for any moment of time outside in the universe is an interesting point to talk about, but it\u2019s not changing very long duration decisions,\u201d said Jonathan Flaherty, global head of sustainability for Tishman Speyer. \u201cWe\u2019re going to make those decisions the way we think is appropriate.\u201d<\/p>\n\n\n\n

Whether by reducing energy usage or adding value for prospective buyers or tenants, sustainability efforts can be a revenue driver, the speakers emphasized. Robert Schiffer, executive vice president of development at SL Green Realty Corp., said he anticipates that all new office developments will (and should) be all electric.<\/p>\n\n\n\n

\u201cTenants are demanding it,\u201d Schiffer explained in an earlier session. \u201cIt\u2019s a great calling card and marketing card.\u201d<\/p>\n\n\n

\n
\"A\n\t\t\t\n\t\t\t\t\n\t\t\t<\/svg>\n\t\t<\/button>
From left to right: Carrie Denning Jackson, Jamestown; Jonathan Flaherty, Tishman Speyer; Joseph Allen, Harvard University; Kyle Hendricks, Equity Residential; and Ben Myers, Boston Properties (BXP), participated in a discussion on sustainability moderated by Heather Widman of Building Ventures.
Photo by Matthew Kaufman<\/em><\/figcaption><\/figure><\/div>\n\n\n

Another panel brought together construction experts to break down ways of developing new buildings cheaper and more sustainably. Sydney Mainster, vice president of sustainability and design management at The Durst Organization, described how her firm is expanding its urban mining efforts, which refers to extracting materials from current or old assets and upcycling them to be used in a new development.<\/p>\n\n\n\n

\u201cThis is not just demolition,\u201d explained Steve Weikal, industry chair at MIT\u2019s Real Estate Transformation Lab and panel moderator. \u201cThis is being really thoughtful about these urban mining resources.\u201d<\/p>\n\n\n\n

As a pilot program, Durst is looking at using glass from previous assets and using it to construct fiberglass insulation and carpet backing. To make urban mining practical, however, construction and design teams must take the \u201cend of life\u201d of their materials into consideration.<\/p>\n\n\n\n

Mainster gave the example of carpeting; in order to be urban mined and used in future projects, the carpet should be placed using an alternative to traditional adhesives, so that it can be easily removed. This requires the buy-in of the original designers and installers.<\/p>\n\n\n\n

\u201cPre-thinking what (materials) you\u2019re choosing for who is going to make use of them at the end of their life\u201d is important, Mainster said, \u201cbut also the detailing of how you are actually assembling or attaching something is just as critical.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"

The local office market remains strong, panelists said, particularly among Class A assets.<\/p>\n","protected":false},"author":3810,"featured_media":1004775464,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21781,23891,1600,21742,21747,21786],"tags":[39330,34964,33492,33224],"class_list":["post-1004775465","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-corporate-real-estate","category-national","category-new-york","category-latest","category-office","category-sustainability","tag-cretech","tag-sl-green-realty-corp","tag-the-durst-organization","tag-tishman-speyer"],"acf":[],"yoast_head":"\nCREtech Special Report: Day 2 Delves Into NYC, Sustainability - Commercial Property Executive<\/title>\n<meta name=\"description\" content=\"On day two of CREtech New York 2025, panelists outlined the New York City office market and discussed sustainability trends.\" \/>\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\/cretech-special-report-day-2\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"CREtech Special Report: Day 2 Delves Into NYC, Sustainability\" \/>\n<meta property=\"og:description\" content=\"On day two of CREtech New York 2025, panelists outlined the New York City office market and discussed sustainability trends.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/cretech-special-report-day-2\/\" \/>\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=\"2025-10-23T12:48:46+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-10-23T15:44:47+00:00\" \/>\n<meta name=\"author\" content=\"Matthew Kaufman\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/10\/CRETech_Sustainability_Panel.jpeg\" \/>\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\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/cretech-special-report-day-2\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/cretech-special-report-day-2\/\",\"name\":\"CREtech Special Report: Day 2 Delves Into NYC, Sustainability - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/cretech-special-report-day-2\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/cretech-special-report-day-2\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/10\/CRETech_Sustainability_Panel.jpeg\",\"datePublished\":\"2025-10-23T12:48:46+00:00\",\"dateModified\":\"2025-10-23T15:44:47+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/63cac94132ceff8b31d189996459d345\"},\"description\":\"On day two of CREtech New York 2025, panelists outlined the New York City office market and discussed sustainability trends.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/cretech-special-report-day-2\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/cretech-special-report-day-2\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/cretech-special-report-day-2\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/10\/CRETech_Sustainability_Panel.jpeg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/10\/CRETech_Sustainability_Panel.jpeg\",\"width\":5587,\"height\":4194,\"caption\":\"From left to right: Carrie Denning Jackson, Jamestown; Jonathan Flaherty, Tishman Speyer; Joseph Allen, Harvard University; Kyle Hendricks, Equity Residential; and Ben Myers, Boston Properties (BXP), participated in a discussion on sustainability moderated by Heather Widman of Building Ventures.\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/cretech-special-report-day-2\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.commercialsearch.com\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"CREtech Special Report: Day 2 Delves Into NYC, Sustainability\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/\",\"name\":\"Commercial Property Executive\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/63cac94132ceff8b31d189996459d345\",\"name\":\"Matthew Kaufman\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/11\/MatthewKaufman-e1762250289483.jpg?w=96\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/11\/MatthewKaufman-e1762250289483.jpg?w=96\",\"caption\":\"Matthew Kaufman\"},\"description\":\"Matthew Kaufman is an associate editor at Commerical Property Executive and Multi-Housing News, covering daily news and emerging real estate trends. He joined the team in 2025 after covering business and technology news for CNN. Matthew holds a B.A. in Journalism & Professional Writing from The College of New Jersey.\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/author\/matthew-kaufman\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"CREtech Special Report: Day 2 Delves Into NYC, Sustainability - Commercial Property Executive","description":"On day two of CREtech New York 2025, panelists outlined the New York City office market and discussed sustainability trends.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.commercialsearch.com\/news\/cretech-special-report-day-2\/","og_locale":"en_US","og_type":"article","og_title":"CREtech Special Report: Day 2 Delves Into NYC, Sustainability","og_description":"On day two of CREtech New York 2025, panelists outlined the New York City office market and discussed sustainability trends.","og_url":"https:\/\/www.commercialsearch.com\/news\/cretech-special-report-day-2\/","og_site_name":"Commercial Property Executive","article_publisher":"https:\/\/www.facebook.com\/CPExecutive","article_published_time":"2025-10-23T12:48:46+00:00","article_modified_time":"2025-10-23T15:44:47+00:00","author":"Matthew Kaufman","twitter_card":"summary_large_image","twitter_image":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/10\/CRETech_Sustainability_Panel.jpeg","twitter_creator":"@cpexecutive","twitter_site":"@cpexecutive","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.commercialsearch.com\/news\/cretech-special-report-day-2\/","url":"https:\/\/www.commercialsearch.com\/news\/cretech-special-report-day-2\/","name":"CREtech Special Report: Day 2 Delves Into NYC, Sustainability - Commercial Property Executive","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/cretech-special-report-day-2\/#primaryimage"},"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/cretech-special-report-day-2\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/10\/CRETech_Sustainability_Panel.jpeg","datePublished":"2025-10-23T12:48:46+00:00","dateModified":"2025-10-23T15:44:47+00:00","author":{"@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/63cac94132ceff8b31d189996459d345"},"description":"On day two of CREtech New York 2025, panelists outlined the New York City office market and discussed sustainability trends.","breadcrumb":{"@id":"https:\/\/www.commercialsearch.com\/news\/cretech-special-report-day-2\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.commercialsearch.com\/news\/cretech-special-report-day-2\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/cretech-special-report-day-2\/#primaryimage","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/10\/CRETech_Sustainability_Panel.jpeg","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/10\/CRETech_Sustainability_Panel.jpeg","width":5587,"height":4194,"caption":"From left to right: Carrie Denning Jackson, Jamestown; Jonathan Flaherty, Tishman Speyer; Joseph Allen, Harvard University; Kyle Hendricks, Equity Residential; and Ben Myers, Boston Properties (BXP), participated in a discussion on sustainability moderated by Heather Widman of Building Ventures."},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialsearch.com\/news\/cretech-special-report-day-2\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialsearch.com\/news\/"},{"@type":"ListItem","position":2,"name":"CREtech Special Report: Day 2 Delves Into NYC, Sustainability"}]},{"@type":"WebSite","@id":"https:\/\/www.commercialsearch.com\/news\/#website","url":"https:\/\/www.commercialsearch.com\/news\/","name":"Commercial Property Executive","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/63cac94132ceff8b31d189996459d345","name":"Matthew Kaufman","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/11\/MatthewKaufman-e1762250289483.jpg?w=96","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/11\/MatthewKaufman-e1762250289483.jpg?w=96","caption":"Matthew Kaufman"},"description":"Matthew Kaufman is an associate editor at Commerical Property Executive and Multi-Housing News, covering daily news and emerging real estate trends. He joined the team in 2025 after covering business and technology news for CNN. Matthew holds a B.A. in Journalism & Professional Writing from The College of New Jersey.","url":"https:\/\/www.commercialsearch.com\/news\/author\/matthew-kaufman\/"}]}},"jetpack_featured_media_url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/10\/CRETech_Sustainability_Panel.jpeg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004775465","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/users\/3810"}],"replies":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/comments?post=1004775465"}],"version-history":[{"count":9,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004775465\/revisions"}],"predecessor-version":[{"id":1004775600,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004775465\/revisions\/1004775600"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media\/1004775464"}],"wp:attachment":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media?parent=1004775465"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/categories?post=1004775465"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/tags?post=1004775465"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}