Real Estate Weekly back issues from November 2003:
Pleaders of the pack.
Nov 05, 2003; ... The law business is doing its best to keep New York's office market afloat, with approximately 1.856 million SF of new leasing transactions this year alone. According to office specialists, a slew of recent mergers and expansions, along with a tenant-friendly environment, ...
REBNY to honor six industry leaders at 108th annual banquet.
Nov 05, 2003 ... The Real Estate Board of New York, the oldest and most influential real estate trade association in New York City, has announced the honorees for its 108th Annual Banquet. World Trade Center leaseholder Larry A. Silverstein and current Real Estate Board of New York Chairman ...
Pataki gets tough on WTC deadlines.
Nov 05, 2003; ... Declaring that "we will rebuild Lower Manhattan even better than it was before," Gov. George Pataki marked his speech on the rebuilding of downtown with strict deadlines and iron resolve. Speaking at the Ritz Carlton in Battery Park City, Pataki updated business, government, ...
Senator set to mediate Deutsche Bank dispute.
Nov 05, 2003; ... Deutsche Bank and its insurer, Allianz, have welcomed the intervention of former U.S. Senate Majority Leader George Mitchell, who has been appointed by Gov. George Pataki to act as mediator between the two. The bank and the insurer have been deadlocked in a dispute over the ...
International Toy Center signs 15 new leases.
Nov 05, 2003 ... The International Toy Center (ITC) has announced the signing of 15 companies to new, multi-year leases at its landmark buildings at 200 Fifth Avenue and 1107 Broadway. With recent signings of Adventure Publishing and Fidelity Investments, the ITC has leased more than 53,000 square feet of ...
Architects working on a joint Trade Center design.(Brief Article)
Nov 05, 2003; ... World Trade Center leaseholder, Larry Silverstein, has reportedly told the two architects working on designs for the World Trade Center to drop their individual plans and work towards a joint resolution, a source close to the talks said Wednesday. Silverstein met last Tuesday ...
Real Estate Weekly would like to clarify our story that ran on the front page of the Oct. 22 issue that said the U.S. Court of Appeals ruled that the events of Sept. 11, 2001 were one occurrence.(Correction Notice)
Nov 05, 2003 ... Real Estate Weekly would like to clarify our story that ran on the front page of the Oct. 22 issue that said the U.S. Court of Appeals ruled that the events of Sept. 11, 2001 were one occurrence. The court upheld the district court's decision that ruled three ...
Staubach Company.(Who's news: management personnel)(James Wenk appointed director of corporate services for the company's New York office)(Brief Article)
Nov 05, 2003 ... The Staubach Company announced that James Wenk has been appointed as director of corporate services for the company's New York office. In his new position, Wenk will be responsible for business development, financial analysis and market research. Prior to joining the Staubach ...
Garibaldi Group.(Who's news: management personnel)(Daniel Gardner joined firm as a sales associate)(Brief Article)
Nov 05, 2003 ... The Garibaldi Group announced that Daniel Gardner has joined the firm as a sales associate, in his new position, Gardner will be responsible for organizing market date for the company's Lehigh Valley office and industrial ...
Mitsui Fudosan America, Inc.(Who's news: management personnel)(Gary Werner appointed as director of its acquisitions group)(Brief Article)
Nov 05, 2003 ... Mitsui Fudosan America, Inc. announced that Gary Werner has been appointed as director of its acquisitions group. Prior to joining Mitsui Fudosan, Werner worked at the ...
Trammel Crow Company.(Who's news: management personnel)(Robert L. Sager appointed senior vice president of company's Princeton, N.J. office)(Brief Article)
Nov 05, 2003 ... Trammell Crow Company announced that Robert L. Sager has been appointed as senior vice president of its Princeton, N.J. office. Sager has more ...
Time Equities, Inc.(Who's news: management personnel)(Michael E. Rudder joined firm as associate of leasing and sales)(Brief Article)
Nov 05, 2003 ... Time Equities, Inc. announced that Michael E. Rudder has joined the firm as associate of leasing and sales. In his new position, Rudder will be responsible for tenant representation in downtown Manhattan. ...
SJP Properties.(Who's news: management personnel)(Todd Adam Siegel joined firm as senior vice president and director of marketing and leasing)(Brief Article)
Nov 05, 2003 ... SJP Properties announced that Todd Adam Siegel has joined the firm as senior vice president and director of marketing and leasing. Siegel has 18 years of experience in commercial real estate. Prior to joining SJP ...
Fidelity National Financial, Inc.(Who's news: management personnel)(Eric Swenson appointed executive vice president and division manager of the company's division 9)(Brief Article)
Nov 05, 2003 ... Fidelity National Financial, Inc. announced that Eric Swenson has been appointed as executive vice president and division manager ...
Houlihan/Lawrence.(Who's news: management personnel)(appointed Pat Held as president of the Westchester/Putnam Multiple Listing Service)(Brief Article)
Nov 05, 2003 ... Houlihan/Lawrence announced that Pat Held has been appointed as president of the Westchester/Putnam Multiple Listing Service. Held has 27 years of experience in residential real estate. Currently, she ...
SSR Realty Advisors, Inc.(Who's news: management personnel)(appointed Barry Ziering senior director of research and strategy)(Brief Article)
Nov 05, 2003 ... SSR Realty Advisors, Inc. announced the appointment of Barry Ziering as senior director of research and strategy. In his new position, Ziering will be responsible for the firm's research and portfolio analytics groups and SSR's relationship with the real estate consultant community. ...
Kara Homes, Inc.(Who's news: management personnel)(appointed Kevin M. Higgins chief financial officer)(Brief Article)
Nov 05, 2003 ... Kara Homes, Inc. announced that Kevin M. Higgins was appointed as chief financial officer of the firm. Higgins has more than 20 years of experience in home building. Prior to joining Kara Homes, he served as ...
Leadership changes at Home.(Who's news: management personnel)(Edward J. Pettinella has been named president and chief executive officer of Home Properties)
Nov 05, 2003 ... Home Properties announced that its board of directors named Edward J. Pettinella president and chief executive officer, effective January 1, 2004. As part of the company's previously announced succession plan, Pettinella will replace Norman and Nelson Leenhouts, who are retiring ...
Ginsberg joins Standard practice.(Who's news: management personnel)(Standard & Poor's announces appointment of Brian Ginsberg as a director in its corporate value consulting real estate practice)
Nov 05, 2003 ... Standard & Poor's announced the appointment of Brian Ginsberg as a director in its corporate value consulting real estate practice. Ginsberg will be based at the company's New York headquarters. He will be responsible for real estate consulting as it relates to underwriting due ...
Besen & Associates Inc.(Agents)(appointed exclusive sales agent for 30 Cliff St., a six-story commercial building in New York City)(Brief Article)
Nov 05, 2003 ... Besen & Associates, Inc. has been appointed as the exclusive sales agent for 30 Cliff St., a six-story commercial building in New York City ....
First Atlantic Realty, Inc.(Agents)(appointed exclusive leasing agent for 45-01 Northern Boulevard, a two-story, 40,000 SF retail building)(Brief Article)
Nov 05, 2003 ... First Atlantic Realty, Inc. has been appointed as the exclusive leasing agent for 45-01 Northern Boulevard, a ...
Leslie J. Garfield & Co., Inc.(Sales)(Brief Article)
Nov 05, 2003 ... Leslie J. Garfield & Co., Inc. announced the sale of 246 E. 48th St., a residential building in New York ...
Massey Knakal Realty Services.(Sales)(announces various transactions)(Brief Article)
Nov 05, 2003 ... Massey Knakal Realty announced the following transactions: * The sale of 414 E. 115 th St., a four-story apartment building in New York City, for $625,000. Shimon Shkury, director of sales with Massey Knakal, represented both parties in the transaction; * The sale of ...
Stonehenge Partners, Inc.(Sales)(Brief Article)
Nov 05, 2003 ... Stonehenge Partners, Inc. announced the acquisition of 201-209 W. 11 th St., two contiguous 53,388 SF ...
Marcus & Millichap Real Estate Investment Brokerage Company.(Sales)(Brief Article)
Nov 05, 2003 ... Marcus & Millichap Real Estate Investment Brokerage Company announced the sale of Audubon Park Apartments, a five-building residential ...
Austin Corporate Properties.(Sales)(Brief Article)
Nov 05, 2003 ... Austin Corporate Properties announced the sale of a 58-acre corporate campus in Purchase, N.Y. to ...
Advantage Title Agency Inc.(Sales)(announced the acquisition of 410 New York Ave., a 20,000 SF office building)(Brief Article)
Nov 05, 2003 ... Advantage Title Agency, Inc. announced the acquisition of 410 ...
The Vintage Group.(Sales)(announced the acquisition of The Crossings, a 20-acre garden apartment complex)(Brief Article)
Nov 05, 2003 ... The Vintage Group announced the acquisition of The ...
Newmark Capital Group.(Sales)(Brief Article)
Nov 05, 2003 ... Newmark Capital Group announced the sale of White Station Tower, a 275,000 SF office building in Memphis, ...
SSR Realty Advisors.(Sales)(announced the sale of 12700 Whitewater Drive, a six-story, 148,220 SF office building)(Brief Article)
Nov 05, 2003 ... SSR Realty Advisors announced the sale of 12700 Whitewater Drive, a ...
Rockwood Realty Associates, L.L.C.(Sales)(announced sale of the Maine Mall)(Brief Article)
Nov 05, 2003 ... Rockwood Realty Associates, L.L.C. announced the sale of the Maine ...
Rockwood Realty Associates, L.L.C.(Sales)(Brief Article)
Nov 05, 2003 ... Rockwood Realty Associates, L.L.C. announced the sale of Chateau Calais, a 44-building ...
Rockwood Realty Associates.(Sales)(announced sale of Sarasota Square, an 893,000 SF shopping center, to Westfield America Trust)(Brief Article)
Nov 05, 2003 ... Rockwood Realty Associates, L.L.C. announced the sale of Sarasota Square, an ...
Everest Partners, LLC.(Sales)(Brief Article)
Nov 05, 2003 ... Everest Partners, LLC announced the acquisition of 91 Montvale Ave., ...
The Praedium Group and Essex River Ventures, LLC announced a joint venture acquisition of Great Woods Office Park.(Sales)(Brief Article)
Nov 05, 2003 ... The Praedium Group and Essex River Ventures, LLC announced a joint venture acquisition of Great Woods Office Park a two-story, 58,000 ...
J.S. Karlton Company, Inc.(Sales)(announced the acquisition of Strada234, a 108-residence waterfront condominium development)(Brief Article)
Nov 05, 2003 ... J.S. Karlton Company, Inc. announced the acquisition of Strada234, a ...
Tarragon Realty Investors, Inc.(Sales)(announced the sale of Marina Park Apartments to Keystone Bay LLP)(Brief Article)
Nov 05, 2003 ... Tarragon Realty Investors, Inc. announced the sale of Marina Park Apartments, a ...
Breaking with tradition.(Profile of the week: George F. Donohue, President, William B. May Int)
Nov 05, 2003; ... George F. Donohue, president of William B. May International, broke with tradition when he decided to become an architect instead of a police officer like his father and uncles. He was drawn to the idea of designing buildings that spoke to the artist and scientist in him. ...
$63M finance for historic building.(Brief Article)
Nov 05, 2003 ... Sonnenblick-Goldman Company has arranged a $63 million, 10-year fixed-rate mortgage for The Curtis Center, at 124 South 6th Street in Philadelphia, Pennsylvania, on behalf of an affiliate of Oaktree Capital Management, LLC and The Kevin F. Donohoe Company. The financing was ...
Square deal on 40,000 s/f at Deegan Gateway.
Nov 05, 2003 ... On behalf of R Squared EDGE, EDGE Management has inked five separate deals totaling approximately 40,000 sf at Deegan Gateway--located at 385 Gerard Avenue adjacent to the Major Deegan Expressway, 17 blocks south of Yankee Stadium. R Squared EDGE acquired the well recognized ...
Acrel's new VP.(American College of Real Estate Lawyers elected Venable LLP partner, Philip M. Horowitz, as its Vice President)(Brief Article)
Nov 05, 2003 ... The American College of Real Estate Lawyers has elected Venable LLP partner, Philip M. Horowitz, as its Vice President. Mr. Horowitz will take the position in January for a calendar-year term. With a total national membership of 850 senior real estate attorneys, the ...
'Very best' spot for Hallmark.(Brief Article)
Nov 05, 2003 ... The leasing team of Faith Hope Consolo, Vice Chairman, and Joseph A. Aquino, Managing Director, of Garrick-Aug Worldwide, Ltd. represented the landlord in leasing the retail space at 820 Second Avenue, the Southeast corner of East 44th Street in Manhattan's Turtle Bay section, to Hallmark ....
57,000sf Rockefeller Plaza lease.(Brief Article)
Nov 05, 2003 ... In a sign that the New York economy could be improving, a new start-up company--Quanta US Holdings Inc., a subsidiary of Quanta Capital Holdings Ltd, a Bermuda holding company--has just committed to a 57,000-square foot lease directly above Studio 1A (home of "The Today Show") at 10 ...
Workman's new chapter.(Brief Article)
Nov 05, 2003 ... Prominent book and calendar publisher Workman Publishing, represented by Colliers ABR, Inc., has renewed its headquarters lease for 50,000 square feet of office space at 708 Broadway in Lower Manhattan. The company, whose new long-term lease is valued at $12 million, will ...
Puff Daddy family set to move to $23m Times Square digs.
Nov 05, 2003 ... With entertainment and fashion mogul Sean ("P. Diddy") Combs set to become the building's sole office tenant, C&K Properties has acquired historic 1710 Broadway from the Union of Needletrades, Industrial and Textile Employees for approximately $23 million. The closing was ...
875 Third Ave. reaches 96% occupancy.(Cushman and Wakefield signs lease of Exis Capital Management Inc.)(Brief Article)
Nov 05, 2003 ... Cushman & Wakefield, exclusive leasing agent for 875 Third Avenue, announced that Exis Capital Management Inc. has signed a 10-year lease to relocate its New York headquarters to the building, a 29-story class-A office tower located between 52nd mad 53rd Streets. The established ...
Wall St. move.(CB Richard Ellis Inc. arranges lease for Everest Inc.)(Brief Article)
Nov 05, 2003 ... Everest, Inc. has signed a 7,800-square-foot lease for its new global headquarters at 44 Wall Street, a 24-story, 338,634-square-foot Financial District property. James L. Searl, from CB Richard Ellis' Down-town Manhattan office, arranged the ...
Colliers inks $4.5m lease.(Brief Article)
Nov 05, 2003 ... In a very cool midtown Manhattan office leasing transaction, York International Corporation, a leading international manufacturer, seller and service provider of HVAC equipment, has leased the entire 41st floor comprising 12,058 square feet of space at the Lincoln Building, 60 East 42nd ...
Consulting firm moves to Mad. Sq. Park.(Carbon Consulting, Inc. relocated its general and executive offices to 121 East 24th Street close to the popular Madison Square Park)(Brief Article)
Nov 05, 2003 ... Carbon Consulting, Inc., a New York-based consulting company that specializes in brand development, marketing solutions and project management, and whose clients include Pfizer, ESPN, Nike, Coca-Cola, CBS and ABC, has relocated its general and executive offices to 121 East 24th Street ...
Take stock in your block.
Nov 05, 2003 ... [ILLUSTRATION OMITTED] Caption: TAKE STOCK IN YOUR BLOCK--The City of Troy, The Community Preservation Corporation (CPC), and the Troy Rehabilitation and Improvement Program (TRIP) announced the Take Stock in Your Block program in South Troy, NY. The ...
Banana Republic back downtown.(signed a lease in the Winter Garden at Three World Financial Center in New York City)(Brief Article)
Nov 05, 2003 ... Brookfield Properties Corporation today announced that Banana Republic has signed a lease for 8,000 square feet of prime street-level retail space in the Winter Garden at Three World Financial Center. The store is expected to open in February 2004. Fronting on the ...
Bring your boogie shoes.(Brief Article)
Nov 05, 2003 ... Dig up your platform shoes and bellbottoms as the Associated Builders and Owners of Greater New York travels back in time to the 1970's for this year's Dinner Dance. Attendees of 93rd annual Dinner Dance will enjoy the live sounds of the Bee Goes, the Tramps, ABBA, Donna Summer ...
Borrowing habits of US real estate holders changing.
Nov 05, 2003; ... The borrowing habits of U.S. real estate holders are changing from a preference for equity financing to mezzanine and blended arrangements. At the Real Estate Lenders Association's meeting on October 14, Capital Trust, Inc. executives tried to explain why their market niche is a ...
$91m in loans closed.(Arbor Commercial Mortgage L.L.C. )(Brief Article)
Nov 05, 2003 ... Arbor Commercial Mortgage, LLC ("Arbor") announced the recent funding of seven loans totaling $79,480,000 under its Fannie Man DUS product line and I structured loan totaling $11,520,000 to refinance eight multifamily complexes in the Baltimore, MD area. Five loans have a ...
It's the name game at NYARM show.(New York Association of Realty Managers)(Brief Article)
Nov 05, 2003; ... On Oct. 23. more than 1,000 people came to check out the goods and services at the New York Association of Realty Managers' annual trade show. The event, held at Pier 92, allows vendors of building maintenance products to show their wares to property managers. This year, the ...
Cantor Fitzgerald relocation highlights incentive packages.
Nov 05, 2003; ... The incentives being offered for corporate relocations to Lower Manhattan have recently been highlighted by the proposed return of Cantor Fitzgerald, the company whose workforce was severely decimated by the Sept. 11 attacks. The New York Times recently reported that Cantor ...
Mixed-use Manhattan portfolio nets $12.75m.(Brief Article)
Nov 05, 2003 ... Eastern Consolidated Properties, Inc. announces the sale of four mixed-use properties in Manhattan's SoHo district for a combined total of over $12,750,000 on behalf of Savana Partners. 475,477, 480 and 482 West Broadway consists of two walk-up buildings on the west side of West ...
NYARM honorees announced.(New York Association of Realty Managers awards)
Nov 05, 2003 ... The New York Association of Realty Managers (NYARM) has announced this year's honorees, who will receive their awards at their annual Holiday Dinner Dance on December 6, 7 p.m. at the Crest Hollow Country Club in Woodbury, Long Island, NY. The NYARM Peace Prize will be president ...
Oppenheimer & Co expands to 35,000sf at 125 Broad St.
Nov 05, 2003 ... The Hunter Realty Organization, LLC has arranged the leasing of a 35,000-square-foot space at 125 Broad Street, comprising the entire 14e floor, for Oppenheimer & Co.--formerly Fahnestoek & Co. Inc.--a leading integrated financial services holding company, announces Peter Sabesan, a ...
Jones Lang LaSalle's Riguardi honored.
Nov 05, 2003 ... David Kuperberg, CPM, 2003 President of the Greater New York Chapter of the Institute of Real Estate Management announced that Edward A. Riguardi, CPM, RPA, CRE of Jones Lang LaSalle has been named 2003 Certified Property Manager of the Year. "Mr. Riguardi embodies all that the ...
2003 Real Estate Golf & Tennis Outing Honor Robert Rosenberg and David Diamond, Rosenberg-Diamond Development Corp.
Nov 05, 2003 ... The 2003 Real Estate Golf & Tennis Outing sponsored by the BRONX-MANHATTAN North Association of REALTORS featured: a golf tournament; tennis tournament; networking cocktail hour; Silent Charity Auction of Sports Memorabilia; dinner program and much more at the exclusive Whippoorwill ...
Third NY restaurant.(Brief Article)
Nov 05, 2003 ... Yips Pow Wok, a restaurant serving quality, authentic Chinese cuisine, has committed to 2,200 square feet of retail space at 499 Seventh Avenue. The new restaurant will be Yips' third New York City location. The CB Richard Ellis Tri-State Retail Services team of ...
Kushner starts work on $600m NJ waterfront development.(Westminster Communities begins developing condominium complex)(Brief Article)
Nov 05, 2003 ... Westminster Communities, the development arm of Kushner Companies, has launched construction of Phase 1 of The Landings at HarborSide, the first new neighborhood of townhouses, luxury condominiums, shops, gardens and amenities within the 49-acre redevelopment along the city's waterfront. A ...
RFP issued for Gov's Island.(Governors Island Preservation and Education Corporation)
Nov 05, 2003 ... The Governors Island Preservation and Education Corporation (GIPEC) is issuing a request for proposals for a qualified consulting team to provide planning and pre-development consulting services in conjunction with the planning process and redevelopment of Governors Island. Governors ...
NYC Fire Dept. honors developer.(Brief Article)
Nov 05, 2003 ... Recognizing his strong support for firefighters, the New York City Fire Department recently presented real estate developer Shaya Boymelgreen with a special Certificate of Appreciation. The award recognized Mr. Boymelgreen's contributions to the Department, and in particular, ...