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Spandrel branches out to offer management, brokerage.


Spandrel spandrel

Roughly triangular area on either side of an arch, bounded by a line running horizontally through its apex, a line rising vertically from the springing of the arch, and the exterior curve of the arch.
 Property Services, Inc., a longtime property management and brokerage affiliate of luxury resort and condominium developer, R.A.L. Companies & Affiliates, announced that it has commenced third party services that include residential and commercial property management, developer related services, and commercial brokerage.

The firm has already rolled out a new Sage Timberline timberline, elevation above which trees cannot grow. Its location is influenced by the various factors that determine temperature, including latitude, prevailing wind directions, and exposure to sunlight.  software program that will allow Spandrel to provide oversight and detailed reporting to meet the specific needs of its new third party clientele.

"Spandrel's expertise is broad and rooted in the management of its own residential and commercial properties," said Ian Levine, president of Spandrel.

"Understanding both sides of the penny and the unique relationship between asset and owner enables us to transcend the typical third party relationship and offer an approach that is both personal and exceptionally-skilled."

A one-stop shop One-Stop Shop

A company or a location that offers a multitude of services to a client or a customer. The idea is to provide convenient and efficient service and also to create the opportunity for the company to sell more products to clients and customers.
, Spandrel's affiliate companies--R.A.L. Companies & Affiliates, Creative Design Associates, A.S.I. Building Services, Site Development Associates and Design Construction Consultants--allow the firm to offer unparalleled expert service and consultation on residential and commercial development and management from soup to nuts "Soup to nuts" is an English idiom conveying the meaning of "from beginning to end". It is derived from the description of a complete meal, whose courses range from soup to a dessert of nuts. .

Expertise consists of developer related services including, but not limited to, acquisition and budget analysis, financing package preparation, construction finance requisition A written demand; a formal request or requirement. The formal demand by one government upon another, or by the governor of one state upon the governor of another state, of the surrender of a fugitive from justice. The taking or seizure of property by government.  preparation and monitoring and owner representation.

Spandrel has already secured some third party business. It is managing 40,000 square feet of retail space at 5400-5460 Myrtle Avenue and 749-753 Wyckoff Avenue in Ridgewood, Queens Ridgewood is a neighborhood in the New York City boroughs of Brooklyn and Queens, that borders the Brooklyn neighborhoods of Bushwick and Williamsburg, and the Queens neighborhoods of Maspeth, Middle Village and Glendale. The neighborhood is part of Queens Community Board 5.  for longstanding landlord, Shire Realty.

"Spandrel has added tremendous value to our portfolio of retail property, completing leases for over 20,000 square feet with increased rents of over 10 percent," says Rena Shulsky, president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board.  of Shire Realty.

"While Ian is highly skilled and knowledgeable, his company maintains the personal touch of a boutique business, which is what helps Spandrel to stand apart."
COPYRIGHT 2007 Hagedorn Publication
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Copyright 2007, Gale Group. All rights reserved.

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Comment:Spandrel branches out to offer management, brokerage.
Publication:Real Estate Weekly
Date:Aug 8, 2007
Words:297
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