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."