Managing energy costs focus of IREM luncheon

Real Estate Weekly, Sept 22, 1993

The competitive nature of today's real estate industry requires recognizing and managing costs with a much higher level of scrutiny than ever before.

"While debt service and real estate taxes are fixed costs, those associated with owning and operating the HVAC and Lighting Systems can be controlled," said Daniel P. Leff, CEO of FMES, Inc. "Service providers who recognize, identify and manage these costs on a proactive basis will have the competitive edge."

Leff will discuss how to recognize and manage HVAC and Lighting System ownership/operating costs using a straightforward business, technical and financial approach, including how to fund projected work at the Oct. 14, 1993 Monthly Luncheon Meeting of the Institute of Real Estate Management Greater New York Chapter No. 26. The topic of Mr. Leff's address will be "The Business Side of Managing Building Energy Systems."

The Oct. 14th Luncheon, which runs from 11:45 a.m. to 2 p.m., will be held at the New York Helmsley Hotel, 212 East 42nd Street, Manhattan.

The fee for the luncheon is $55. To make a reservation, checks should be made payable to IREM Greater New York Chapter and mailed to: Colleen Cugine, Greater New York Chapter of IREM, 14 Country Lane, Hillsdale, New Jersey 07462. For information, call (212) 944-9445.

FMES was established in 1992 to provide comprehensive heating, ventilating, air conditioning and lighting project development and implementation services, including financing, to the real estate industry. Leff is also CEO of Pilot Energy Corp., a 36-year-old design/build and service contracting business providing HVAC services to more than 2,500 clients in the New York City marketplace. Prior to joining Pilot, Leff was affiliated with Carrier Corporation, nationally and internationally, as a technical sales manager and marketing engineer. He is a mechanical engineer by training.