Real Estate Weekly back issues from September 2004:
New York brings on the apples.(Big Apple Fest)(Brief Article)
Sep 01, 2004 ... New York brings on the apples. Max Capital Management's director of leasing Mark F. Lauzoo and leasing associate Deborah P. Frank have joined other corporate sponsors of the Big Apple Fest, managed by NYC & Co., the city's tourism promotional agency. Mark and Deborah placed Max Capital's ...
BlackRock buys assets of $375m from MetLife.
Sep 01, 2004 ... BlackRock, Inc. and MetLife, Inc. have entered into a definitive agreement under which BlackRock will acquire SSRM Holdings Inc., the holding company of State Street Research & Management Company and SSR Realty Advisors Inc., from MetLife for $375 million in cash and stock. ...
Wyndham International sells hotel trademark.(Brief Article)
Sep 01, 2004 ... Wyndham International, Inc. has purchased the lease of the Wyndham Hotel in Manhattan, located at 42 W. 58th St., from Suzanne Mados, the hotel's proprietor since 1966 and holder of the exclusive right to the "Wyndham" name and trademark in New York City. As a result, Wyndham International ...
Ratner plans to nut Nets project on the fast track.
Sep 01, 2004; ... Bruce Ratner's plans to bring the Nets to Brooklyn are accelerating quicker than a Jason Kidd fast break. Having gained approval from the NBA board of governors to purchase the team from the Community Young Organization on August 11, Forest City Ratner hopes to have a shovel in the ground ...
Photo retailer inks deal for 93,000 s/f expansion.(B&H Photo Electronics Corp)(Brief Article)
Sep 01, 2004 ... In a major West Side transaction, B&H Photo Electronics Corp., a retailer of imaging products, has leased four full floors comprising approximately 93,000 s/f of office space at 440 Ninth Ave. in Manhattan for its new and expanded corporate headquarters. The lease brings 440 ...
Pizza Kitchens come to NY.(Brief Article)
Sep 01, 2004 ... Madison HGCD announced that it will serve as the exclusive real estate broker for California Pizza Kitchen in Manhattan. The casual dining chain is currently planning to open two types of sites in the city--full restaurant sites of approximately 5,700 to 5,900 s/f and CPK/ASAP sites of ...
Building managers face up to threats from protestors.(Republican National Convention)
Sep 01, 2004; ... While terrorism has been the main focus of security efforts in the city for the Republican National Convention, the potential for disruptive protestor demonstrations has also created cause for concern. Although a recent Supreme Court ruling barred a request by anti-war group United for ...
CB Richard Ellis.(Who's news: management personnel)(Brief Article)
Sep 01, 2004 ... CB Richard Ellis announced that Dean J. Shapiro has been appointed as executive managing director of the company's midtown brokerage operations. Shapiro has 15 years of experience in real estate. Previously, he ran the firm's West-chester and ...
Eisner LLP.(Who's news: management personnel)(Brief Article)
Sep 01, 2004 ... Eisner LLP announced that Kenneth Weissenberg has joined the firm as partner in charge of its real estate practice. Weissenberg has 20 years of ...
Corcoran Group.(Who's news: management personnel)(Brief Article)
Sep 01, 2004 ... The Corcoran Group announced that Susan Renfrew has been appointed as managing director for its East Side office. Renfrew has more than 30 years of experience in real estate ....
Houlihan/Lawrence.(Who's news: management personnel)(Brief Article)
Sep 01, 2004 ... Houlihan/Lawrence announced that Barbara Novak has joined the firm as a licensed sales associate in its Brewster, N.Y. office. Prior to joining ...
Houlihan/Lawrence announced that Sophia Eatemadpour has been appointed as a sales associate.(Who's news: management personnel)(Brief Article)
Sep 01, 2004 ... Houlihan/Lawrence announced that Sophia Eatemadpour has been appointed as a sales associate. Prior ...
Olnick Organization.(Who's news: management personnel)(Brief Article)
Sep 01, 2004 ... The Olnick Organization announced that George C. Tockstein has joined the firm as vice president and director of the firm's commercial division. In his new position, Tockstein will be responsible of a portfolio of prime metro area buildings. Tockstein has 25 years of experience ...
American Bar Association.(Who's news: management personnel)(Brief Article)
Sep 01, 2004 ... The American Bar Association announced that Kevin L, Shepherd has been elected as chair of its real property, probate and trust law section for 2005. Shepherd currently serves as chair of the real estate practice group and finance committee at Venable LLP. He specializes in ...
Community Capital Bank.(Who's news: management personnel)(Brief Article)
Sep 01, 2004 ... Community Capital Bank announced that Sandra E. Weiss has been appointed as vice president and commercial real estate loan officer. Prior to joining Community Capital Bank, ...
Massey Knakal Realty Services.(Who's news: management personnel)(Brief Article)
Sep 01, 2004 ... Massey Knakal Realty Services announced that William Meltzer has joined the firm as a sales specialist in the Bronx. ...
Andrew J. Weiner named among City's top lawyers.(Who's news: management personnel)(2004 International Who's Who of Real Estate Lawyers)
Sep 01, 2004 ... The 2004 International Who's Who of Real Estate Lawyers has selected Morrison & Foerster partner Andrew J. Weiner for inclusion. Mr. Weiner is one of only 35 New York attorneys selected. Andrew J. Weiner is co-chair of Morrison & Foerster's real estate group. Recently, he was ...
Warwick Grove expands its team.(Who's news: management personnel)(Brief Article)
Sep 01, 2004 ... The Warwick Grove Company, LLC, developers of the upscale, active adult residential community of Warwick Grove, announced that Sally Ann Cupertino, Johanna DeSanto and Helen Janisch have joined the company in key sales positions. Ms. Cupertino will serve as new home coordinator, ...
In times of terror scares, insurers need assurance.(Terrorism Risk Insurance Act of 2002)
Sep 01, 2004; ... Things are heating up in the quest to extend the Terrorism Risk Insurance Act (TRIA), which mandates that insurers provide terrorism coverage for their policyholders. Also supplying a governmental backstop for the insurance industry so as to prevent its economic devastation in the event of ...
Investment boom continues throughout United States.(Brief Article)
Sep 01, 2004 ... Interest rates that are still at near historic lows and unsteady equity markets are driving private investors to the commercial real estate, according to Cushman & Wakefield executive managing director Tim Welch. The result has been the most active real estate investment market in two ...
Rockwood Realty Associates.(Agents)(Brief Article)
Sep 01, 2004 ... Rockwood Realty Associates, L.L.C. has been appointed as the exclusive ...
Massey Knakal Realty Services.(Sales)(Brief Article)
Sep 01, 2004 ... Massey Knakal Realty Services announced the following transactions: * The sale of 151-153 E. 121st St., a residential development site in New York City, for $650,000. Shimon Shkury, of Massey Knakal, represented both parties in the transaction; * The sale of 1401-5 ...
GFI Realty Services, Inc.(Sales)(Brief Article)
Sep 01, 2004 ... GFI Realty Services, Inc. announced the following transactions: * The sale of a 21-building package in Brooklyn, N.Y. for $14.8 million. Aaron Jungreis and Dan Weingarten, of GFI Realty, represented both parties in the transaction; * The sale of 139 ...
CB Richard Ellis.(Sales)(Brief Article)
Sep 01, 2004 ... CB Richard Ellis announced the sale of 183 Plains Road, a 27,000 s/ f building in Milford, Conn. to 183 Plains Road ...
Leslie J. Garfield & Co., Inc.(Sales)(Brief Article)
Sep 01, 2004 ... Leslie J. Garfield & Co., Inc. announced the sale of 166 E. 95th St., a four-story, 3,500 s/f townhouse in New York City, for $4.25 ...
The Schultz Organization/TCN Worldwide.(Sales)(Brief Article)
Sep 01, 2004 ... The Schultz Organization/TCN Worldwide announced the sale of 265 Millburn Ave., a 13,119 s/f office building in ...
Sheldon Gross Realty, Inc.(Sales)(Brief Article)
Sep 01, 2004 ... Sheldon Gross Realty, Inc. announced the sale of 37 Daniel Road West, a 16,400 s/f flex facility ...
Around the town: events seminars meetings talks.(Calendar)
Sep 01, 2004 ... Dress for Success Golf Outing Sept. 13--Dress for Success will hold its second annual "Success on the Green Golf Tournament," starting at 10:00 a.m. The event will include brunch, a shotgun tournament, cocktails and awards dinner. It will take place at the Glen Head Country Club ...
ESPRIT comes back to New York market.(Esprit de Corp.)(Brief Article)
Sep 01, 2004 ... Madison HGCD announced that it has completed five new deals on behalf of ESPRIT at malls in New York and New Jersey. These deals are just the latest that Madison HGCD has completed as part of the apparel and accessory' retailer's re-launch in the United States. The first was in Manhattan ...
A law firm for all seasons: Pryor Cashman does it all.(Profile of the week: Pryor Cashman Sherman & Flynn LLP)
Sep 01, 2004 ... The Praedium Group, a real estate investor focusing on underperforming and undervalued assets throughout North America with more than $4 billion in total investments to date, embarked on a strategy in the mid-1990's to acquire multi-family properties in New York City. To implement that ...
Trammell Crow optimistic with mid-year market update.
Sep 01, 2004 ... According to Trammell Crow Company's "Mid-year 2004 New York City MarketScope," the Manhattan commercial real estate market is rebounding, evidenced by prices for prime properties continuing to climb for the third consecutive quarter. Leading the way, financial services ...
Local mortgage lender funds St. Croix resort.(William and Punch Partners LLP)
Sep 01, 2004 ... Thanks to a $3.9 million loan from Kennedy Funding, a direct private lender based in Hackensack, N.J., prime beachfront property totaling almost 600 acres on the lush western shore of St. Croix in the Virgin Islands, is headed for luxury resort development. William and Punch Partners, LLP ...
Correction.(Correction Notice)
Sep 01, 2004 ... Luiza Gabelica was incorrectly identified in the NYARM school ...
Russo receives approval for 316,000 s/f industrial park.(New Jersey)
Sep 01, 2004 ... Russo Development, LLC announced it has received all necessary approvals to commence construction of a new flex/industrial park in Mahwah, N.J. Brookline Corporate Center will span a total of 315,790 s/f within two class A industrial buildings at 1600 and 1700 MacArthur Boulevard. Russo ...
Secaucus exclusive won by CBRE.(New Jersey)(CB Richard Ellis gets leasing assignment)(Brief Article)
Sep 01, 2004 ... CB Richard Ellis announced that it has been awarded the exclusive leasing assignment for 755 Secaucus Road in Secaucus, N.J. The CBRE industrial team of William R. Waxman and Gary Capetta, first vice presidents, Matthew Corpuel, vice president, Nicholas J. Nitti, senior ...
Denholtz to build 21,000 s/f medical building.(New Jersey)(Brief Article)
Sep 01, 2004 ... Denholtz Associates announced that the company has received final approval to proceed with plans for the development of Lyndhurst Medical Building, a two-story, 21,300 s/f medical facility on Wall Street West in Lyndhurst, N.J. Denholtz is also the owner/manager of 1099 Wall Street West, a ...
Gerber/Somma scores 11-building sale deal.(New Jersey)(Brief Article)
Sep 01, 2004 ... The investment property specialist firm of Gerber/Somma Associates has scored a major brokerage triumph by locking-up the sale of an 11-building package, consisting of 10 residential apartment properties comprising more than 250 units and a 23,000 s/f mixed-use retail/office commercial ...
Chemical firm comes to NJ.(New Jersey)(Brief Article)
Sep 01, 2004 ... Kenneth Flynn, senior vice president of Trammell Crow Company, recently represented long-time client General Chemical Partners in its 14,125 s/f lease at Eagle Rock IV, 120 Eagle Rock Ave. in East Hanover, N.J. The tenant utilizes this space for general office purposes. General ...
CPC inks loan deal for home renovation.(New Jersey)(Community Preservation, Chadwick Realty Partners in master loan agreement)
Sep 01, 2004 ... The Community Preservation Corporation has recently signed a master loan agreement with Chadwick Realty Partners, LLC, a private New Jersey development company. With this agreement, CPC established a $4.25 million revolving line of credit for the company to use for the purchase, ...
National Sports Museum to break ground in May.(Construction & Design)
Sep 01, 2004; ... Gaining city and state approval for $52 million in Liberty Bonds on August 19, the National Sports Museum is on track to begin construction in May 2005 for a planned July 2006 opening. Dubbed the "Smithsonian of Sports" because of the breadth of different sports it will feature--many ...
Maria Gonzalez, vice president of Nortronics, a security integrator that designs and installs security systems for public and private facilities throughout the New York metro area, was honored as a "Woman of Valor" by The Capuchin Food Pantries.(Construction & Design)(Brief Article)
Sep 01, 2004 ... Maria Gonzalez (right), vice president of Nortronics, a security integrator that designs and installs security systems for public and private facilities throughout the New York metro area, was honored as a "Woman of Valor" by The Capuchin Food Pantries. Father Francis Gasparik, executive ...
235,000 sf Bronx retail mall opens.(Construction & Design)(square feet)
Sep 01, 2004 ... The ribbon was cut on River Plaza, the largest retail development to open in the Bronx in more than a decade. Developed on the former site of a vacant warehouse and other abandoned industrial buildings, the 235,000 s/f retail center, anchored by a 35,000 s/f Marshall's and a ...
Meier-designed building is topped off on schedule.(Construction & Design)
Sep 01, 2004 ... The superstructure of 165 Charles St., a luxury condominium tower designed "inside and out" by Richard Meier, developer Izak Senbahar and Alexico Management Group, was topped off last week in a lunchtime ceremony. This milestone, achieved on time and on budget, will allow the ...
NYC area ferry service gets $9.5m grant.(Construction & Design)(New York City)
Sep 01, 2004 ... New York City area comecretary of Transportation Norman Y. Mineta announced last week. The grant was awarded to the New York City Department of Transportation for its East River Landings Project. "The President has made rebuilding New York's transit systems a priority and today ...
Topping off celebration overlooking the Hudson River from the 12th floor of 165 Charles St., a new residential luxury tower designed by Richard Meier and developed by Izak Senbahar and Simon Elias of Alexico Management Group.(Construction & Design)(Brief Article)
Sep 01, 2004 ... Topping off celebration overlooking the Hudson River from the 12th floor of 165 Charles St., a new residential luxury tower designed by Richard Meier and developed by Izak Senbahar and Simon Elias of Alexico Management Group. Celebrants included (l. to r.): Kevin Lee, of Richard Meier & ...
New Jersey waterways to be protected by new law.(Construction & Design)
Sep 01, 2004 ... Landmark legislation that will protect New Jersey's Highlands region--the source of water for more than 4 million residents--from over-development was signed into law this month by Gov. James E. McGreevey. The measure (S-1/A-2635) was sponsored by assemblymen John McKeon, Louis ...
HRH steps up to challenge.(Construction & Design)(Brief Article)
Sep 01, 2004 ... Demand for housing in New York has risen so high that in popular neighborhoods like Chelsea builders like HRH Construction LLC are being asked to create new apartment buildings on long-overlooked sites. "Everyone thinks the opposite, but in my opinion, the little projects are ...
$10m park opens in Trenton.(Construction & Design)(Brief Article)
Sep 01, 2004 ... A ribbon-cutting ceremony was held recently to mark the completion of a new riverfront park along the Delaware River in Trenton, N.J. The $10 million project was designed by Vollmer Associates LLP and constructed by New Jersey Department of Transportation for Mercer County Parks ...
Jarmel Kizel design NJ office.(Construction & Design)(Archie Schwartz)(Brief Article)
Sep 01, 2004 ... Jarmel Kizel Architects & Engineers, Inc. recently served Archie Schwartz, an industrial real estate brokerage firm, in its space design at 354 Eisenhower Parkway in Livingston, N.J. Archie Schwartz was located in East Orange for more than 50 years and has just relocated to this ...
Abandoned Bronx buildings become affordable housing.(Construction & Design)
Sep 01, 2004 ... Borough President Carrion, South Bronx Overall Economic Development Corporation and other Bronx elected officials hosted a celebration in honor of the rehabilitation of two formerly abandoned buildings in the Morrisania section of the Bronx: 870 Longwood Ave. and 958 Prospect Ave. ...
New dorm building completed at SUNY New Paltz.(Construction & Design)(State University of New York)
Sep 01, 2004 ... Completion of the newest residence hall at SUNY New Paltz was celebrated last month in a ceremony in front of the new Lenape Hall. Students have already begun moving into this 238-bed dormitory. The Dormitory Authority provided financing services and supervised construction of ...
Dorm Authority Women's seminar.(Construction & Design)(Brief Article)
Sep 01, 2004 ... The New York Dormitory Authority is hosting its 19th Annual Minority and Women Owned Business Enterprises Conference in Albany on October 29-31. The weekend conference is titled "Networking: ...
Sailing into sight: MAST Construction grows tri-state presence.(Profile in construction & design: MAST Construction Services, Inc.)
Sep 01, 2004 ... Much like the mast of a ship, which bends but does not break even in the strongest of winds, running a successful company these days requires both strength and, more importantly, flexibility. This analogy holds especially true for one leading tri-state construction management and ...
Savvy developers' best-kept secret: cost segregation.(Inside Construction)
Sep 01, 2004; ... The nature of when and how cost segregation is being leveraged by developers is changing. More developers are incorporating cost segregation techniques into their construction contracts in order to introduce it as early in the construction process as possible. Cost segregation ...
Staples to be built: on Coney Island.(SAM Coney Island LLC)(Brief Article)
Sep 01, 2004 ... New York City: Economic Development Corporation (EDC) president Andrew M. Alper recently announced the sale of a 25,900 s/f City-owned lot in the Coney Island Creek urban renewal area in Brooklyn to SAM Coney Island LLC. The developer plans to combine the property with two ...
REBNY reports climbing condo prices in all markets.(Residential)(Real Estate Board of New York)
Sep 01, 2004 ... According to a second quarter report from the Real Estate Board of New York, prices continue to rise in the Manhattan condominium market. In virtually every neighborhood and apartment type sales prices increased. Apartments in Northern Manhattan grew significantly compared to last year. ...
Sex and the single guy: brokers see increase in younger luxury buyers.(Residential)(Brief Article)
Sep 01, 2004 ... In a new trend, young single men and women have been gobbling up available penthouse spaces in downtown Manhattan in recent months. "These are primarily guys who work in finance and have done quite well recently, and they are looking for posh apartments with terrific views and ...
Prudential acquires new Brooklyn office.(Residential)(Marilyn A. Donahue Real Estate)(Brief Article)
Sep 01, 2004 ... Prudential Douglas Elliman has announced the acquisition of the residential real estate firm Marilyn A. Donahue Real Estate in Brooklyn, N.Y. Dottie Herman, CEO of Prudential Douglas Elliman, will oversee the operations. With this announcement, Prudential Douglas Elliman will ...
Aussie development planned in midtown.(Residential)(The Bobker Group)(Brief Article)
Sep 01, 2004 ... Leon Charney, a well-known real estate owner/operator, has sold his property in midtown Manhattan to The Bobker Group, a privately-owned development company from Sydney, Australia. The 12-story 93,000 s/f building, located between 11 E. 36th St. and 10 E. 37th St, will be ...
Chelsea renaissance.(Residential)
Sep 01, 2004 ... The inventory for residential properties in Chelsea is experiencing a slight rebound from the extreme lows of early 2004, as reported in the Inventory Tracking Study issued by Halstead Property LLC. While the inventory, of condominiums, co-ops and townhouses for sale in Chelsea has been on ...
Design takes the lead in the residential market.(Residential)
Sep 01, 2004; ... An outgrowth of today's highly competitive residential marketplace is the unprecedented emphasis developers and residents place on the quality of a design. Manhattan residents are design savvy and they expect quality in every aspect of their home, from the look of the building's lobby ...
New order provides appealing alternative.(Residential)(Braddock Purcell)
Sep 01, 2004; ... When Kathy Braddock and I decided to create braddock + purcell, we entertained the thought that we were "either really smart or really stupid." Well, after a year of operations under our belt, we know we're moving in the right direction. After a combined 50 years in the ...
Luxury market renaissance attracts European guests.(Residential)
Sep 01, 2004; ... The warm breezes of summer have brought with them a new breed of residential real estate buyers who have been absent from the New York City market for a number of years--the foreign buyer. Specifically, the European buyer. Europe, which for the better part of the last 50 years ...
On Long Island waterfront: Sterling Glen creates a village.(Residential)
Sep 01, 2004; ... After years of planning, Sterling Glen, a Manhattan-based developer and operator of senior living residences in the metropolitan region, launched construction of its new independent senior living residence in the village of Roslyn on Long Island's North Shore, announced Michael Daly, ...
Real estate's newest conversion: commercial brokers.
Sep 01, 2004; ... Where does the future lie for the commercial real estate broker? In residential real estate. Unless you are one of the handful of brokers at the handful of firms that control the handful of key clients, the multimillion mega-deal will remain an elusive dream. The reality is that ...