Search
 

No New Sept. 11 Security for NYC Trophies

NEW YORK CITY-Building owners tell GlobeSt.com that it will be "business as usual" tomorrow, and that trophy property managers will not increase security staff for that day. Many will craft their Sept. 11 plans in accordance with a recent Real Estate Board of New York memo on the subject.

By Michael Gilliard | Updated on September 10, 2002

NEW YORK CITY-Prominent Manhattan property owners tell GlobeSt.com they will take a low-key, minimalist approach in addressing the anniversary of the terrorist attacks on the World Trade Center and the Pentagon, and that they will not increase security on that day for their trophy properties. A recently issued Real Estate Board of New York memo offers guidelines that many will incorporate into their plans.

Barry A. Gosin, chairman of Newmark & Co., says the firm has already beefed up building security over the past several months, but that no new protection will be put in place on Sept. 11. “We will, of course, be on a higher state of alert, but then we’ve been at a level of heightened security for coming up on a year now.” Regardless, says Gosin, trying to guess a future attack date is futile at best. He laments, “If they know we’re going to be on alert on Sept. 11, why not hit us on Sept. 12?”

An additional concern to some property owners is where the responsibility for protection actually lies. “Security is a police function,” says Robert Selsam, senior vice president at Boston Properties. He tells GlobeSt.com that the company’s Sept. 11 plans include “business as usual, underscored with recognition of the event.”

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.