Recently added articles from Real Estate Weekly:

Zuckerman expecting big things from GM Building.

Jun 18, 2008; Geiger, Daniel ... [ILLUSTRATION OMITTED] During a conference call last week, Boston Properties Chairman Mort Zuckerman said that his firm's $2.8 billion purchase of the General Motors Building would be, of all things, profitable. After hinting that the deal was done during a Real ...

JLL acquires Staubach, while Colliers eves GVA.

Jun 18, 2008; Geiger, Daniel ... Jones Lang LaSalle announced yesterday that it has reached an agreement to acquire the real estate services firm Staubach for $613 million. In a separate deal, the real estate firm GVA Williams is in talks to be acquired by Colliers International. Long rumored in the Manhattan ...

Lehman's 340,000 s/f sublease sends message.

Jun 18, 2008; Geiger, Daniel ... Lehman Brothers is shedding large blocks of office space at 399 Park Avenue and 605 Third Avenue. Brokers have speculated that the firm, as well as other financial companies like it who have sustained losses, will begin dumping space onto the market. Now brokers say that the ...

Credit market stranglehold taking its toll.

Jun 18, 2008; Turcotte, Jason ... A large-scale downtown development parcel has drawn interest from more than a dozen buyers, as Cushman & Wakefield markets the Ft. Lee, NJ, site approved for a $1 billon mixed-use project. While its owner continues to actively pursue financing for the project, the stringent ...

Shorenstein takes three Equity towers off Macklowe's hands.

Jun 18, 2008; Geiger, Daniel ... Three office towers that were part of real estate investor Harry Macklowe's disastrous purchase of a $7 billion portfolio of Manhattan office towers last year are in contract to sell. Shorenstein Properties, the San Francisco based real estate investment firm, has agreed to buy ...

$10m gift will power NYU Real Estate Institute through 21st century.

Jun 18, 2008 ... The New York University School of Continuing and Professional Studies will rename its Real Estate Institute the NYU Schack Institute of Real Estate in honor of the industry's renowned Schack family. The Schack family--a leading name in New York real estate for the past 100 ...

JDF tapped as New York rep for Retail Brokers Network.

Jun 18, 2008; Turcotte, Jason ... A small Manhattan-based commercial firm specializing in restaurant leasing now has an awful lot on its plate. JDF Realty was recently named the exclusive New York representative for the Retail Brokers Network (RBN), an organization comprised of 40 commercial firms across the ...

Jungreis smells success at Rosewood Realty.

Jun 18, 2008; Turcotte, Jason ... Venturing out on your own in the New York real estate market is never easy, particularly in today's wait-and-see market. But Aaron Jungreis, co-founder of Rosewood Realty, has quickly and quietly amassed a lengthy list of deals this year, with about $200 million more in the pipeline. ...

Kushner about to get his chance to make 666 pay.(On The Real Estate Scene)(dialogue with Lloyd Grove)(Interview)

Jun 18, 2008; Geiger, Daniel ... In an interview with Portfolio magazine columnist Lloyd Grove, real estate investor and New York Observer owner Jared Kushner said that he believed 666 Fifth Avenue will be worth over $3 billion in the next five years. Of course you'd have to believe that to have forked over ...

Lightstone Group.(WHO'S NEWS)

Jun 18, 2008 ... The Lightstone Group announced that Jack Cassidy was appointed president of the organization, the multifamily subsidiary of The Lightstone Group whose portfolio includes 22,000 rental units. Cassidy brings to The Lightstone Group more than 20 years of experience leading and managing ...

CitySites Commercial Group.(WHO'S NEWS)

Jun 18, 2008 ... CitySites Commercial Group is proud to announce the addition of three new associate directors. Marisa Almeida joins from Sotheby's International Realty where she specialized in luxury residential sales and rentals. Recent deals include the $9.3 million sale of the Kaballah Center at 152 ...

Onyx Equities, LLC.(WHO'S NEWS)

Jun 18, 2008 ... Onyx Equities, LLC is pleased to announce the appointment of Tom Castellano as vice president of property management. In this capacity, Mr. Castellano will oversee all aspects of Property Management, which currently are comprised of 16 office/retail properties throughout New Jersey, New ...

Perseus Realty Partners LLC.(WHO'S NEWS)

Jun 18, 2008 ... Perseus Realty Partners LLC announced the appointment of Julie Rost as a director on the firm's institutional fund raising team with client responsibilities primarily in the Western United States. She will take on senior-level responsibilities for raising Perseus Realty Partners' ...

Colliers ABR, Inc.(WHO'S NEWS)

Jun 18, 2008 ... Colliers ABR, Inc. announced that Robair Reichenstein has been named a managing director. Reichenstein will play an integral role in the expansion of the firm's not-for-profit division. Previously, Reichenstein spent 12 years at CB Richard Ellis as a leader of its corporate service ...

The Praedium Group.(WHO'S NEWS)

Jun 18, 2008 ... Mason Sleeper has joined The Praedium Group, a New York City-based national real estate investment firm. As Praedium's newest principal, Mr. Sleeper is responsible for investments in mezzanine and debt opportunities and expanding the firm's reach in the credit market arena. Prior to ...

B.R. Fries & Associates, Constructors.(WHO'S NEWS)

Jun 18, 2008 ... Stephen Scofield has been promoted to director of operations at B.R. Fries & Associates, Constructors. Mr. Scofield previously served as a senior project manager at the firm. In that capacity, he has been integrally involved in a senior management capacity in such recent B.R. Fries ...

Studley.(WHO'S NEWS)

Jun 18, 2008 ... International commercial real estate services firm Studley is pleased to announce that L. Stanton Towne, an accomplished tenant attorney, has joined the firm as a senior managing director. He will now represent tenants as their real estate advisor/consultant. Mr. Towne was previously a ...

Itzhaki Properties has been appointed exclusive broker on the property located at 464 Woodward Avenue, Queens.(Agents)

Jun 18, 2008 ... Itzhaki Properties has been appointed exclusive broker on the property located at 464 Woodward Avenue, Queens. Ami Efrati will be representing the seller of this three story walk-up building. The property consists of 6 apartments and 1 store with a lease due to expire ...

Marcus & Millichap Real Estate Investment Services.(Sales)

Jun 18, 2008 ... Marcus & Millichap Real Estate Investment Services is pleased to announce the following transactions: * The sale of a 5,000 s/f mixed-use property in New York, NY for $4,225,000. The sales price represents $845 psf and a 5.29% cap rate on the property's net operating income ....

Hidary's youth energizes full service family firm.(PROFILE OF THE WEEK: Abraham Hidary, president, Hidrock Realty)

Jun 18, 2008; Turcotte, Jason ... The adage age is only a number proved true for Abraham Hidary, president of Hidrock Realty. At just 26, he was at the helm of his family's property management firm, shouldering responsibility that real estate professionals don't typically face until mid-career--if ever. But youth didn't ...