Real Estate Weekly back issues from October 2001:
Hotel industry reeling from WTC aftermath.(Brief Article)
Oct 03, 2001; ... Residual effects of the Sept. 11 terrorist campaigns have emptied hotel rooms throughout the city, and hoteliers are bracing for what is shaping up to be a dismal fall season. "The balance of this year will be especially challenging for hoteliers as demand will decline despite ...
Barbara Corcoran sells business.(The Corcoran Group to NRT)(Brief Article)
Oct 03, 2001; ... Last week, Barbara Corcoran sold, her eponymous residential brokerage, The Corcoran Group, to a national franchiser. NRT, a national residential real estate brokerage that is a joint venture between Cendent and Apollo Management, reportedly bought the Corcoran Group for $70 ...
Neighbors want no part of NY Times building.(Brief Article)
Oct 03, 2001; ... Speaking at the public hearing on the proposed New York Times tower at Times Square, officials from the newspaper and the city's real estate organizations cited the pressing need for an icon building to bolster New Yorkers' morale. But a group of small business owners who stand ...
Manhattan realtor group breathes new life into MLS.(Manhattan Association, multiple listing service)(Brief Article)
Oct 03, 2001; ... In the latest attempt to bring a multiple listing service to Manhattan, the new Manhattan Association held its first membership rally last week. Members from the over 40 firms that have already joined the group - a chapter of the National Association of Realtors - packed the ...
NY ARM Expo moved to Hilton.(New York Association of Realty Managers)(Brief Article)
Oct 03, 2001 ... Due to the use of the west side Piers by local and federal disaster relief agencies, the New York Association of Realty Managers Expo '01 (NYARM Expo) on Oct. 18 will be held at The New York Hilton, 1335 Avenue of the Americas (between 53rd and 54th Streets). The Expo will continue from 10 ...
Reckson establishes WTC fund.(Reckson Associates Realty Corp., World Trade Center)(Brief Article)
Oct 03, 2001 ... Reckson Associates Realty Corp. and its employees, in an expression of deepest sympathy and concern over the tragic events that occurred last week, anticipate contributing approximately $1 mill lion to support the World Trade Center recovery an relief efforts. The company is ...
UrbanAmerica investing in inner city properties.(Brief Article)
Oct 03, 2001; ... At times, the wisdom of a successful business strategy is summed. up in one word -- risk. Few real estate firms would have seen the value of investing in neighborhoods like Queens West or Upper Harlem just three years ago. History is proving them wrong. In its attempt to take ...
MANAGEMENT WHO'S NEWS PERSONNEL.(includes multiple articles)
Oct 03, 2001 ... John Ciardullo Associates, P.C. has appointed Georgia Stokes to the position of director of project administration and development, announced John Ciardullo, the firm's principal. Stokes will oversee complex construction projects and will play a leading role in seeking new ...
Good fortunes in Chinatown.(Joe Genovesi, Chinatown, New York, New York)(Brief Article)
Oct 03, 2001; ... Several years ago, Joe Genovesi saw gold in Chinatown. Genovesi, one of two principals commanding commercial brokerage DG Hart Associates Inc., realized that Chinatown lacked quality office space. There was plenty of underutilized industrial space begging to be converted. "We've ...
Almost 30 million SF destroyed or damaged by WTC attack.(Brief Article)(Statistical Data Included)
Oct 03, 2001 ... Although the entire World Trade Center complex, 13.4 million SF, was destroyed in the horrific terrorist attack on Sept. 11, those buildings constitute less than four percent of Manhattan's entire office inventory of approximately 353.7 million SF, according to a report by Insignia/ESG, ...
Ribbon cutting held for housing project.
Oct 03, 2001 ... David Gedris, vice president of Con Edison's Brooklyn/Queens electric operations, is pleased to announce the ribbon cutting of another Con Edison RENAISSANCE housing project on 15th Ave. and 79 St. in the Dyker Heights section of Brooklyn. The developer, Cannine ...
Plymouth Partner president pessimistic about real estate future.(James Meiskin)(Brief Article)
Oct 03, 2001 ... The decline in the stock market yesterday, triggered by the destruction of the World Trade Center, only reflects what is yet to come as far as the New York City commercial real estate market is concerned, according to James Meiskin, president of Plymouth Partners, a New York-based ...
Corp. housing provider assisting WTC victims.(Brief Article)
Oct 03, 2001 ... While the terrorist attack on America last week has brought anxiety over the future of the tourism industry and sent New York hotel's occupancy rate plummeting, many Manhattan corporate apartment providers are reeling from demand, operating at close to maximum capacity serving displaced ...
Allied Partners signs 20-year lease with NY Public Library.(Brief Article)
Oct 03, 2001 ... Add another unique amenity to Allied Partner's white hot condominium apartment building at 285 Lafayette Street in Soho. Allied's President Eric Hadar has announced that he has signed a 20-year lease with the New York Public Library for what will be the first-ever branch to ...
Renovation of Class C facility in Lyndhurst nearing completion.
Oct 03, 2001 ... Michael A. Taylor, vice president of Lincoln Property Company, reports that multi-million dollar renovation and repositioning of the class "C" facility at 160 Chubb Ave. in Lyndhurst, N.J. into class "A" status is nearing completion. With the base building work nearly finished, the ...
Battery Park City to receive low cost power, governor says.(Brief Article)
Oct 03, 2001 ... Governor George E. Pataki announced that the Hugh L. Carey Battery Park City Authority (BPCA) will begin receiving low cost power from the New York Power Authority (NYPA), a move that will continue to help the complex recover from the terrorist attacks on the World Trade Center. ...
Custom Communities releases new relocation guide.(Brief Article)
Oct 03, 2001 ... Custom Communities, Inc., a New York City corporation, has announced a new Relocation Mini-Guide service to help current and new employees transition to new office space and get "up and running" quickly at unfamiliar office locations. Adapting an existing service to the urgent needs of ...
Home Properties purchases Hauppage complex for $46.5 M.(from General Investment & Development Co.)(Brief Article)
Oct 03, 2001 ... Home Properties has purchased the Windsor Village at Hauppauge apartment complex in Hauppauge, New York, for $46.5 million. Cushman & Wakefield, Inc.'s Metropolitan Area Financial Services Group (FSG) and The Apartment Group orchestrated the transaction on behalf of the seller, General ...
Coolidge Equities purchases 53 garden apartment complexes.(from New Plan Excel Realty Trust, Inc)(Brief Article)
Oct 03, 2001 ... Coolidge Equities, Ltd., a subsidiary of HoulihanParnes/iCap Realty Advisors and C.L.K. Management Corp. have jointly purchased 53 garden apartment complexes comprising 12,550 multi-family units. The properties are spread over fourteen states in the eastern half of the U.S. and were ...
Kohn Pedersen Fox to design courthouse.(Brief Article)
Oct 03, 2001 ... Kohn Pedersen Fox Associates, the award-winning full service architectural firm, was notified recently that they were selected by the GSA Evaluation Board to perform architectural services for the new annex building to the Michael J. Dillon Federal Courthouse in Buffalo, NY. The ...
Boston Properties Inc. donates to WTC fund.
Oct 03, 2001 ... In honor of those who perished as a result of the Sept. 11 tragedy, Boston Properties, Inc. announced today a $50,000 contribution to the New York City Fire, Police and EMS' Widows and Children's Funds. In addition, the company will match funds donated by its employees to this charity. The ...
Meltzer/Mandl Architects chosen for NYU projects.(New York University)(Brief Article)
Oct 03, 2001 ... Manhattan-based Meltzer/Mandl Architects, P.C. has b en chosen by New York University to work with the NYU Office of Design and Construction on eight projects, in buildings that total 1.1 million SF. "These buildings were built to inject new life into the West Village, with NYU ...
EDC pushes back RFP deadline to Oct. 10.(New York City Economic Development, Request for Proposals)(Brief Article)
Oct 03, 2001 ... The New York City Economic Development announced that it has extended the due date for a number of Request for Proposals issued by the EDC on July 20. Responses were originally due Sept. 26 but the new due date is Oct. 10 at 2 p.m. "In light of the attack on the World Trade ...
Crystal Window & Door Systems to donate percent of sales to World Trade Center fund.(Brief Article)
Oct 03, 2001 ... Thomas Chen, president and founder of Crystal Window & Door Systems, announced the company would donate 1% of monthly sales through the end of the year to relief organizations associated with the World Trade Center tragedy. The donation amount is estimated to total $150,000. ...
Union to provide benefits to displaced WTC workers.(Service Employees International Union, World Trade Center, New York, New York)(Brief Article)
Oct 03, 2001 ... Mike Fishman, President of SEIU Local 32BJ, metro New York's building service workers union, and Jim Berg, President of the Realty Advisory Board (RAB) on Labor Relations, announced a ground-breaking, industry-wide, agreement to provide healthcare, income, and jobs to the 2000 office ...
Endangered peregrine falcons born atop N.J. skyscraper.(New Jersey)(Brief Article)
Oct 03, 2001 ... The newest tenants at one of the office towers along Jersey City's Hudson River waterfront is a family of peregrine falcons. Earlier this summer, three endangered peregrine falcon chicks were born atop LCOR, Inc.'s 101 Hudson St. building. LCOR property managers Bob Barth and ...
Salvation Army gets 200,000 SF in Jersey City for relief supplies.(Brief Article)
Oct 03, 2001 ... The Salvation Army has been given approximately 200,000 SF of space in Jersey City to house its relief supplies and volunteers, according to Jeffrey Donnelly, an associate of Emmes Asset Management Corp. The space is part of the Lackawanna Building, a 1-million-plus-SF building located at ...
Ciardullo Associates opens new office in Hackensack, New Jersey.
Oct 03, 2001 ... The Manhattan-based architectural firm John Ciardullo Associates, P.C. has established a New Jersey office in Hackensack to step up its activities in the Garden State, according to John Ciardullo, the firm's principal. With a 30-year record of accomplishment, John Ciardullo ...
New warehouse slated for Hamilton complex.(from Matrix Development Group)(Brief Article)
Oct 03, 2001 ... Matrix Development Group will soon be constructing a new warehouse/distribution facility at the business park located at Interchange 3A of Interstate Highway I-195. Approvals were given for the construction of the facility at a recent Hamilton township Planning Board meeting. ...
Mack-Cali wins New Good Neighbor Award.(Mack-Cali Realty Corporation )(Brief Article)
Oct 03, 2001 ... Mack-Cali Realty Corporation announced that its Harborside Financial Center Plaza 4A in Jersey City, N.J. is the recipient of the New Good Neighbor Award presented by the New Jersey Business & Industry Association and New Jersey Business magazine. The building, a 185,000 SF, ...
Olympic Tower space being leased by Garrick-Aug.(Brief Article)
Oct 03, 2001 ... The leasing team of Faith Hope Consolo and Joseph Aquino of Garrick-Aug Worldwide, Ltd., along with senior retail consultant, Ferne Glanzrock, have been named exclusive leasing agent for the approximately 2,200 SF ground level restaurant space in the Olympic Tower, 645 Fifth Avenue, at ...
77 Greene Street perfect for high-end fashion store.(Brief Article)(Statistical Data Included)
Oct 03, 2001 ... A prime SoHo retail location, at 77 Greene St. near the corner of Spring, is now available for long-term release, with possession early next year. The 2,500-SF site, located between Spring and Broome Streets, is offered at $270,000 a year net on a 10- to 15-year lease, said Lucy Aceto and ...
Garrick-Aug Worldwide agent for 55,000 SF Cartier lease renewal.(Brief Article)
Oct 03, 2001 ... In 1996, the leasing team of Faith Hope Consolo and Joseph Aquino, of Garrick-Aug Worldwide, Ltd., exclusively represented Cartier, Inc. in renewing the lease for their world flagship store, with the owner, The Alexander S. Onassis Public Benefit Foundation. The Cartier store is located at ...
Rockefeller Townhouses at W. 55th has 2,200 SF retail space available.(Brief Article)
Oct 03, 2001 ... Prime retail space on the ground level of the Rockefeller Townhouses at 20 West 55th St. is available immediately for lease through Insignia/ESG's retail group. Only steps from renowned Michael's Restaurant and the luxurious Peninsula Hotel, the space offers 2,200 SF at street level and ...
Power supply will have broad impact on commercial real estate industry.
Oct 03, 2001 ... Power supply will have an increasingly significant impact on commercial property values and many real estate portfolios, according to Vince Berlen, executive vice president of SourceOne, Inc, who discussed how real estate owners can mitigate power risk at a recent Real Estate Technology ...
Homestore.com to provide listings.(Brief Article)
Oct 03, 2001 ... Homestore.com, Inc., operator of REALTOR.com, the official site of the National Association of Realtors, has become the preferred provider of online listings for the Manhattan Association of Realtors. The announcement was made in conjunction with an event held by the Association at ...
RealPulse.com releases new software for industry.(Brief Article)(Product Announcement)
Oct 03, 2001 ... RealPulse.com, Inc. (d/b/a the REALM), the originator of the first Industry Operating System built for the commercial real estate industry, announced the release of reXML 1.0 (Real Estate specific Extensible Markup Language version 1.0), the data standard used for its new applications ...
Aztec chief: Modern offices must be designed with care.(Brief Article)
Oct 03, 2001; ... Modern office space obviously has to be functional, efficient, cost effective, and flexible to meet the needs of corporate competition. This includes the integration of technology and furniture, access to resources, and informational data banks. With the labor pool today being as tight and ...
N.J. industrial market continues to be strong.(Brief Article)
Oct 03, 2001; ... The industrial market in New Jersey continues to be among the strongest in the nation. Throughout the state of New Jersey, leasing activity remains very strong, new development is being absorbed, and build-to-suit facilities are proliferating in all areas of the market. First Industrial, ...
Firms must be ready to cope with disaster.(Brief Article)
Oct 03, 2001; ... New Yorkers are slowly starting to get back into their routines in the wake of the tragedy at the World trade Center. There are many real estate lessons to be learned from the events of Sept. 11, lessons that go beyond e scope of what any one organization can hope to offer. But ...
Art helps developers put final touches on buildings.(Brief Article)
Oct 03, 2001; ... The final accessory of today's workplace design is artwork. Like on a classic black dress -- the sparkle of a well-places and/or a selected art committee. Artwork evaluations, presentations, selections, and budget approvals will immediately build focused, open, creative expression. This ...
Developer meets success with Westport Inn project.(suburban hotels)(Brief Article)
Oct 03, 2001; ... Every business undertaking involves challenges that are unique to it -- whether it's launching a new product or breathing new life into a dated one. Over the years, we've found that there is no on key to overcoming these challenges: It takes hard work, exhaustive research, key people and ...
BOMA researching impact of workplace design on real estate.(Building Owners and Managers Association International)(Brief Article)
Oct 03, 2001; ... BOMA International, along with a group of industry sponsors, is launching a research project to learn how providing more effective and efficient office workspaces affects the economic performance of commercial real estate assets. Joining BOMA in this effort are SMED International, ...
Townhouse begins construction of new residences.(Townhouse Management Co.)(Brief Article)(Statistical Data Included)
Oct 03, 2001 ... Townhouse Management Company has begun construction to create luxury residences, a hotel and gourmet restaurant at 113 West 42nd St., an existing 22-story, 50,000-SF tower located on the northwest side of 42nd Street and Sixth Avenue, not far from Broadway. Isaac Mizrahi, the noted fashion ...
Triboro president: Sound maintainence can help businesses save time.(Brief Article)
Oct 03, 2001; ... My company always measured success in how satisfied our clients were with the quality of our work: attention to detail, responsiveness, cleanup and reporting. All of which, we excel in. We learned, however, that an important piece of the puzzle was missing. Managers ...
SL Green buys interest in 1250 Broadway.(Brief Article)(Statistical Data Included)
Oct 03, 2001 ... SL Green Realty Corp. has announced that it has acquired a 49.9% interest in 1250 Broadway from its joint venture partner, The Carlyle Group, for approximately $29.5 million. In conjunction with this transaction, Salomon Smith Barney provided $85 million of first mortgage financing. ...
Seymour Millstein, industry leader, dead at 81.(Obituary)
Oct 10, 2001 ... Seymour Millstein, who with his brother Paul, built a billion-dollar real estate empire which included holdings such as Bank of America Plaza and Emigrant Savings Bank, died Oct. 2 at New York Presbyterian Hospital. He was 81. According to his children, Constance and Philip, the ...
HOW 4 FIRMS AID IN WTC CLEANUP.(Brief Article)(Statistical Data Included)
Oct 10, 2001; ... Mayor Giuliani estimates that it could take an entire year to clean up the remains of the World Trade Center, despite crews working 24 hours a day, 7 days a week to clear the site. Like armies on a battlefield, scores of contractors have divided up the site between their crews, ...
Seek relocation here, not out of the city.(Brief Article)(Statistical Data Included)
Oct 10, 2001; ... As companies displaced by the World Trade Center disaster look for space, brokers and city officials are urging them to consider Queens and Brooklyn rather than suburban locations in Connecticut in New Jersey. With a move to the outer boroughs -- rather than out of state -- ...
Yonkers, good neighbor, offering space at no cost.(Brief Article)
Oct 10, 2001; ... Officials in Yonkers have offered to house businesses displaced by the World Trade Center attacks gratis as they search for permanent digs. The Small Business Recovery Center, located near the New York State Thruway, was created with an inventory of 130,000 SF at the Ridge Hill ...
N.Y. Life Investment closes on $58M leasehold mortgage.(Brief Article)
Oct 10, 2001 ... New York Life Investment Management LLC, as investment manager for lead lender New York Life Insurance Company, has closed a $58 million leasehold mortgage just blocks from the site of the World Trade Center devastation. The company said today that the mortgage is a co-investment between ...
Levien relocates.(Brief Article)
Oct 10, 2001 ... Levien & Company, a project management and owner/tenant's representative firm, has relocated to larger offices within the former GE Building, 570 Lexington Ave., announced Kenneth Levien, the firm's president. The eight-person firm moved to space three times its current size on ...
Downtown walking tours resumed.(Brief Article)
Oct 10, 2001; ... Three weeks after terrorists turned lower Manhattan into a crime scene, the Downtown Alliance has reinstated its walking tours of Wall Street. There's one site that is specifically not included in this tour, however -- Ground Zero. "It appears that New Yorkers are feeling the ...
MANAGEMENT WHO'S NEWS PERSONNEL.
Oct 10, 2001 ... Advanced TelCom Group announced the appointment of Tony Persaud to the position of sales/solutions engineer for its Westchester regional office. In his new position, Persaud will be responsible for providing the sales team with technical training and technical assistance to configure ...
When disaster strikes.(Brief Article)
Oct 10, 2001; ... As president of Maxons Restorations, a repair firm that is involved in the clean up of Lower Manhattan, Damon Gersh has probably seen the worst of it. Apartment buildings covered in dust, with windows blown out, a church buried in debris, offices where human beings cannot venture without ...
Douglas Elliman now Insignia Douglas Elliman.(Brief Article)
Oct 10, 2001 ... Insignia Financial Group, Inc. announced that its New York residential brokerage subsidiary, Douglas Elliman, is changing its name to Insignia Douglas Elliman, LLC. The name change - announced jointly by Insignia Chairman & CEO Andrew L. Farkas and Insignia Douglas Elliman ...
REBNY sponsors free shuttle bus.(Brief Article)
Oct 10, 2001 ... Mayor Rudolph W. Giuliani announced that a free shuttle bus for residents of Battery Park City's Southern Neighborhood will begin operating Sept. 30. Residents of Battery Park City were evacuated from their homes following the attack on the World Trade Center. All of BPC's ...
Staten Island home to new Hilton hotel.(Brief Article)
Oct 10, 2001 ... Staten Island's newest hotel is "an entirely unique experience designed to satisfy each and every hospitality and business need," said. Richard Nicotra, owner of the Hilton Garden Inn along with his wife Lois. They have announced that the Hilton Garden Inn opening this October ...
Developer developing Class A space on Bridgeport waterfront.(Brief Article)
Oct 10, 2001; ... A Connecticut property owner is hoping to spur a commercial real estate renaissance in Bridgeport. While signs indicate that it can be done, Bridgeport has a rough reputation to overcome. The blighted city filed for bankruptcy back in 1991, and had one of New England's highest ...
Renovation almost done.(Brief Article)
Oct 10, 2001 ... Scott Stein, president of Interior Contracting Corporation, reported the company has recently completed a 4,000 SF interior renovation project on behalf of Chase Manhattan Mortgage at Plaza 9 in Woodbridge, N.J. The class "A" office building is owned by Ivy Equities. Jarmel Kizel ...
Goodstein president Alan Simon dead at 69.(Obituary)
Oct 10, 2001; ... Alan M. Simon, president of Goodstein Commercial Realty and a prominent member of New York's real estate community, died last week at the age of 69 from merkel cell carcinoma. Simon, who spent more than 40 years of his life practicing the real estate trade, is remembered by his ...
Durst Organization to feature quilts in 3 midtown buildings.(New York City)(Brief Article)
Oct 10, 2001 ... Continuing a tradition of giving art a prominent place in its properties' public spaces, The Durst Organization will brighten up the holiday season with an exhibition of American master quilts -- classic and contemporary -- in three of its major midtown office buildings, announces L.L ....
LCOR named developer for 300,000-SF office project in Jamaica.(contract with Greater Jamaica Development Corp., Jamaica NY)(Brief Article)
Oct 10, 2001 ... Greater Jamaica Development Corporation designated LCOR Inc. for the development of a new $90 million 300,000-SF tower GJDC is sponsoring. The building will be the nexus of an aviation-related complex in downtown Jamaica. GJDC is leading the effort to attract airport-related ...
Brooklyn EDC offering emergency loans for dislocated firms.(Economic Development Corp. helps companies hurt by World Trade Center attack)(Brief Article)
Oct 10, 2001 ... Brooklyn Economic Development Corp. has created two short-term emergency loan funds to assist businesses hurt by the World Trade Center tragedy. Businesses in all five boroughs of New York City are eligible to apply for up to $5,000 from the Regional Economic Development ...
Cooperatives across the country reaching out to WTC victims.(Brief Article)
Oct 10, 2001 ... 1st Rochdale Cooperative Group, Ltd. announced that sister co-op businesses across America have pledged immediate, desperately needed financial support for the following organizations: the Cooperative Development Foundation's September 11 Relief: Fund, Hatzolah Ambulance Service, and the ...