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Common Named Co-living Operator at LIC’s ALTA

Simon Baron Development has named Common the co-living operator at ALTA in Long Island City. The developer bought the site in 2015; it’s now one of the largest co-living buildings in the country. 

“We’re excited to partner with Common, an operator who has built a strong track record in New York and is well-positioned to capture renters returning to the city,” said Matt Baron, president of Simon Baron Development. 

“Co-living requires specialized operations and Common has built up the reputation to successfully manage on behalf of institutional owners.”

Added Brian Lee, managing director of real estate at Common, “As the industry landscape changes, Common has clearly emerged as the leader in operating co-living units across the US, particularly in NYC, the city where we were founded. Being selected to operate at ALTA, a residential building well known for being a national co-living pioneer, is an honor.”

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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