SiteCompli Announces Growth: Now Monitoring Compliance Issues for Over 1 Billion Square Feet of NYC Properties
Milford Management, Douglas Elliman Property Management and Midboro Management Join Growing Residential and Commercial Client Roster
NEW YORK, Feb. 5, 2013 /PRNewswire/ -- SiteCompli, the leading technology provider for monitoring, reporting and alerting on compliance issues for New York City area property owners, managers, and investors announced it has reached the 1 Billion Square Foot milestone, just four years after launch. With the signing of new clients including Milford Management, Douglas Elliman Property Management and Midboro Management, SiteCompli now monitors compliance issues for over 50% of all office towers across the five boroughs of New York City as well as tens of thousands of residential and mixed-use properties. The announcement was made by co-founders Jason Griffith and Ross Goldenberg.
"We knew we were filling a vital need by providing leading real estate organizations with a service that continuously and automatically aggregates critical data on violations, complaints, inspections, fines, hearings, job applications, work permits and other critical compliance issues," Mr. Griffith said. "We are thrilled with the way the market has responded to our offering. Our clients include many of the industry's leaders, and we continue to grow as our value is proven time and time again through cost-savings, efficiency, control and risk reduction."
In addition to its newest clients, SiteCompli has long been trusted by the City's leading owners and managers, including Related Management, Cooper Square Realty, and Langsam Property Services in the residential sector, as well as Vornado Realty Trust, Tishman Speyer, CB Richard Ellis and L & L Holding Company in the commercial arena, among many others.
"Staying abreast of the continually changing regulatory environment is incredibly taxing for any property owner and manager. Agency requirements are complex, and failing to comply with City laws and regulations has never been more costly," said Mr. Goldenberg. "Before SiteCompli, managers spent an exorbitant amount of time and resources tracking this information manually. Our service was born out of an overwhelming need to streamline the process and create an efficient and effective tool for owner and managers. By proactively bringing critical compliance data to our users before potential issues become major problems, we enable our clients to eliminate costly violations and fines, while ensuring buildings are safe and in compliance with City laws."
Managers and owners utilize SiteCompli's breakthrough technology to track their portfolio's compliance issues from the city's key agencies, including the DOB, ECB, HPD, DEP, DSNY, and FDNY, among others.
"SiteCompli has quickly become one of Midboro's most essential vendors. Their technology has become an instrumental tool in the day-to-day operations of our portfolio, enabling our property managers to stay abreast of critical issues and avoid unnecessary fines," stated Michael Wolfe, President of Midboro Management. "We are in an unprecedented regulatory environment, where things change on a minute-to-minute basis and SiteCompli's continuous monitoring has proven to be essential for staying ahead of the curve. It saves our clients time, money and pays for itself in most instances. Any property management firm that doesn't utilize SiteCompli's services is flying blind and fighting an uphill and unnecessary battle."
SiteCompli's proprietary software notifies managers of issues ranging from deadlines for equipment inspections and upcoming hearings to tracking complaints before they become violations. The online platform has changed the way managers work with vendors by providing critical information to ensure all issues and status reports are being addressed in a timely manner.
SiteCompli provides breakthrough technology that automatically and continuously updates and aggregates critical data on violations, complaints, inspections, fines, hearings, jobs, permits for property owners and managers throughout New York City. The online resource stays ahead of compliance issues from the city's key agencies including the DOB, ECB, HPD, DEP, DSNY, FDNY, among others. SiteCompli efficiently tracks and notifies customers of compliance issues through regular alerts and analysis, by tracking the entire portfolio in one digital location, the service saves customers time and money and allows them to focus their efforts on solving issues rather than identifying them. SiteCompli helps its customers avoid fines and get their arms around the increasingly complex and high stakes regulatory environment.
Founded in 2008 by Jason Griffith and Ross Goldenberg, SiteCompli monitors the portfolios of leading residential and commercial owners and managers in New York including Cooper Square Realty, Midboro Management, Elliman Property Management, Langsam Property Services, Jack Resnick & Sons, Milford Management, CBRE, Tishman Speyer, L&L Holding Company, Brookfield Properties, The Durst Organization and many, many others. For more information about SiteCompli, please visit www.sitecompli.com.
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