Real Estate Weekly back issues from October 2004:
U.S. Supreme Court to hear eminent domain case.
Oct 06, 2004; ... The U.S. Supreme Court added an eminent domain case to their 2005 docket last week. Its decision could have far reaching affects for future developments in New York City. In January, the Court will hear a Connecticut case of Kelo v. City of New London and decide whether the ...
Robert Knakal, Chairman of Massey Knakal Realty Services, was the keynote speaker at the September luncheon meeting of the Greater New York Chapter of the Institute of Real Estate Management.
Oct 06, 2004; ... [ILLUSTRATION OMITTED] Caption: Robert Knakal, Chairman of Massey Knakal Realty Services, was the keynote speaker at the September luncheon meeting of the Greater New York Chapter of the Institute of Real Estate Management. Knakal's talk was entitled "The Status of the Building ...
Met signs 185,000 s/f deals at 200 Park.(contract )
Oct 06, 2004 ... Following two recent blockbuster transactions with law firm, Greenberg Traurig, and Dreyfus, two prominent international law firms, Hunton & Williams and Gibson, Dunn & Crutcher, have signed two significant deals totaling 185,000 s/f for office space at The MetLife Building 200 Park ...
CBRE selected to lease 7WTC.(CB Richard Ellis, 7 World Trade Center)
Oct 06, 2004; ... CB Richard Ellis added another trophy property to its client roaster last week, when Silverstein Properties named CBRE's Steven Siegel and Howard Fiddle as exclusive leasing agents for 7 World Trade Center. The 1.7 million s/f office property, scheduled for completion in 2006, ...
Bank building demolition set.(Deutsche Bank AG, plans)
Oct 06, 2004; ... Standing like a black tombstone over the WTC site, the former Deutsche Bank building at 130 Liberty Street will soon be a memory. Scheduled to begin dismantlement before the end of the year, the building, which was damaged on 9/ 11, will be cleared to make way for the fifth ...
Mitch Rudin is named new president at CBRE.(Mitchell E. Rudin, CB Richard Ellis Inc.)
Oct 06, 2004 ... CB Richard Ellis announced that Mitchell E. Rudin has been appointed President of the firm's New York Tri-State Region. Mr. Rudin will assume day-to-day responsibility for the company's operations in New York City, northern and central New Jersey, Long Island, Westchester and ...
Houlihan-Parnes/iCap Realty Advisors.(Kevin E. Neuner )(Brief Article)
Oct 06, 2004 ... Houlihan-Parnes/iCap Realty Advisors announced that Kevin E. Neuner has joined the firm as chief operating officer. Neuner has 16 years of experience in real estate development, finance and ...
Sullivan & Worcester, LLP.(John G. Balboni appointed)(Brief Article)
Oct 06, 2004 ... Sullivan & Worcester, LLP announced that John G. Balboni has joined the firm as partner in its real estate and corporate group. Balboni specializes ...
The Building Owners and Managers Association of New York.(Angela Cappiello appointed)(Brief Article)
Oct 06, 2004 ... The Building Owners and Managers Association of New York announced that Angela Cappiello has been appointed as director of membership development and special events. Cappiello has 15 years of ...
CB Richard Ellis.(Susan Kurland appointed)(Brief Article)
Oct 06, 2004 ... CB Richard Ellis announced that Susan Kurland has joined the firm as executive vice president of its tri-state retail services group. Prior to joining CB Richard Ellis, Kurland ...
Century 21 Laffey.(Harriet Emers appointed)(Brief Article)
Oct 06, 2004 ... Century 21 Laffey announced that Harriet Emers has joined the firm as director of marketing. In her new position, Emers will be responsible for public relations and the creation of support materials and advertising for all Laffey divisions. Emers has more than 20 years of ...
Weichert Commercial Brokerage.(Glenn Fritts appointed)(Brief Article)
Oct 06, 2004 ... Weichert Commercial Brokerage announced that Glenn Fritts has joined the firm as senior vice president in its Bethlehem, Penn. office. In his new position, Fritts will be responsible for the sale and leasing of retail and industrial properties in the Lehigh Valley region. ...
Tim Getz.(appointment at Weichert Commercial Brokerage Inc. )(Brief Article)
Oct 06, 2004 ... Weichert Commercial Brokerage announced that Tim Getz has joined the firm as sales associate in its Bethlehem, Penn. office. In his new position, Getz will be ...
Tribeca Associates.(Peter Sotoloff appointed)(Brief Article)
Oct 06, 2004 ... Tribeca Associates announced that Peter Sotoloff has been appointed as principal. In his new position, Sotoloff will be responsible for overall business growth, acquisition financing and creative deal structuring. Prior to joining Tribeca Associates, Sotoloff worked at Morgan ...
Ivy Realty.(David G. Archibald appointed)(Brief Article)
Oct 06, 2004 ... Ivy Realty announced that David G. Archibald has been appointed as senior vice president of investments. In his new position, Archibald will be responsible for co-managing acquisitions, dispositions and financing for the firm. Prior to ...
AMC Delancey Group, Inc.(Rene H. Schiegg appointed)(Brief Article)
Oct 06, 2004 ... AMC Delancey Group, Inc. announced that Rene H. Schiegg has been appointed as general manager of the Radisson Hotel in Jacksonville, Fla. Schiegg has more than 38 years of experience in the hotel ...
Union State Bank.(Rori Sagal appointed)(Brief Article)
Oct 06, 2004 ... Union State Bank announced that Rori Sagal has been appointed as assistant vice president and branch manager for the 11 E. 22 nd St. office in New York City. Sagal has more than 20 years of experience in banking. Prior to joining ...
Metro Fuel Oil Corp.(Who's news: management personnel)(Jerry Ragano appointed)(Brief Article)
Oct 06, 2004 ... Metro Fuel Oil Corp. announced that Jerry Ragano has joined the firm as director of sales. In his new position, Ragano will be responsible for overseeing sales activities throughout the New York metro area. Ragano has more than 20 years of experience ...
Jones Lang LaSalle.(Who's news: management personnel)(Nat Rockett appointed)(Brief Article)
Oct 06, 2004 ... Jones Lang LaSalle announced that Nat Rockett has been appointed as senior vice president in the capital markets group. In his new position, Rockett will be responsible for the firm's investment and finance capabilities in the New York ...
HK Group.(Ralph Michel appointed)(Brief Article)
Oct 06, 2004 ... The HK Group announced that Ralph Michel has joined the firm as vice president in its Stamford, Conn. Office. Michel has more than 20 years of experience in real estate. Prior to joining the HK Group, he served as vice ...
David Simon joins Weichert office as EVP.(executive vice president, Weichert Commercial Brokerage Inc.)
Oct 06, 2004 ... John G. Udell, president, announced that David Simon has joined Weichert Commercial Brokerage as executive vice president and managing director. In this newly created position, Mr. Simon will oversee the office, industrial, land and investment divisions and be responsible for ...
CB Richard Ellis.(contract)(Brief Article)
Oct 06, 2004 ... CB Richard Ellis has been appointed as the exclusive leasing and sales agent for 45 Executive Drive, a 67,000 s/f office building in ...
Massey Knakal Realty Services.(contract)(Brief Article)
Oct 06, 2004 ... Massey Knakal Realty Services has been appointed as the exclusive sales agent for the following properties: * 27 Smith St., a 9,620 s/f office building in Brooklyn, N.Y. Brian Leafy will handle this assignment on behalf of Massey Knakal; * 42-72 80th St., an 84,000 ...
GFI Realty Services.(Sales)(Brief Article)
Oct 06, 2004 ... GFI Realty Services, Inc. announced the following transactions: * The sale of 1515 Macombs Road, a seven-story apartment building in the Bronx, for $6.07 million. Aaron Jungreis and Matthew Sparks, of GFI Realty, negotiated this transaction; * The sale of 1967-1971 ...
Broker Jodi Roberts proves girls just want to succeed.(Profile of the week: Jodi Roberts, CB Richards Ellis)
Oct 06, 2004; ... CB Richard Ellis associate broker Jodi Roberts has shown that knowledge is power in the real estate industry. A veteran of the financial world with a degree in mathematics from Boston University, Roberts has gained a reputation for her business acumen and is a favorite among ...
Bank branching out with 35,000 s/f expansion.(Rabobank International shifting expanding its business)(Brief Article)
Oct 06, 2004 ... Rabobank International, one of the largest banks in The Netherlands and one of the only AAA-rated banks in the world, has acquired the entire 37th floor at 245 Park Ave. from CIBC World Markets, which is consolidating its operations at its new U.S. Headquarters at 300 Madison Avenue. ...
Doctors group heading downtown.(NYSHRO/MedReview Inc. planning to relocate itself)(Brief Article)
Oct 06, 2004 ... NYSHRO/MedReview, Inc., one of the first physicians' peer review organizations in the United States, has committed for 10 years to a 34,614-square-foot sublease at 199 Water Street. The prominent healthcare company will occupy the entire floor at the property known as One Seaport Plaza. ...
Financiers counting on Park Avenue.
Oct 06, 2004 ... Dexia Credit Local, one of Europe's largest banking groups, is expanding its New York presence. The Brussels-based financial institution has leased an additional 10,000 square feet at 445 Park Avenue, bringing its total footage in the midtown Manhattan office tower to three full ...
Cohen deal is closed.(Cohen and Company Inc.)(Brief Article)
Oct 06, 2004 ... Cohen and Company Inc. Real Estate announced the closing of a K-Mart, Bi-Lo anchored community shopping center located in the burgeoning area of Cartersville, Georgia. CCIRE acted as the sole broker in this transaction for the second time, Vera Thomas, Senior Managing ...
Newmark lands exlusive on 400,000 s/f NJ tower.(Washington Park Fidelco, LLC)
Oct 06, 2004 ... Washington Park Fidelco, LLC named Newmark as the exclusive leasing agent for One Washington Park, a 17-story, 400,000 square-foot renovation and redevelopment project that is leading a series of investments to transform Newark's northern Broad Street into a vibrant destination with ...
FQM on board at 17 Battery Place.(First Quality Maintenance)(Brief Article)
Oct 06, 2004 ... First Quality Maintenance, a New York City-based cleaning and maintenance services company, has been awarded an exclusive contract to provide cleaning and maintenance services at 17 Battery Place South by The Moinian Group, which owns the building. Built in 1902, 17 Battery ...
Former Arista Records home a hit with investment firm.(Brief Article)
Oct 06, 2004 ... Cushman & Wakefield announced that Lyster Watson & Co., a growing New York-based investment advisor specializing in alternative investments, signed a lease to relocate its headquarters to 888 Seventh Ave. from 230 Park Ave. The company signed a 20,000-square-foot lease for the ...
M&M inks $14m storage center sale.(Marcus & Millichap Real Estate Investment Brokerage Company)(Brief Article)
Oct 06, 2004 ... Marcus & Millichap Real Estate Investment Brokerage Company, the nation's largest real estate investment brokerage firm, recently announced the sale of an 82,000-square foot Storage Deluxe property in the Bronx, N.Y. The state-of-the-art facility commanded a sales price of ...
CRESA's new vp.(CRESA Partners L.L.C., vice president)(Brief Article)
Oct 06, 2004 ... Multinational real estate advisory firm CRESA Partners has appointed Nancy Weinstein to the post of vice president. A 20-year veteran of New York's commercial real estate industry, Ms. Weinstein will provide site selection services, contract and lease negotiations and financial analysis to ...
$210m in sales at Wall Street's first luxury condo.
Oct 06, 2004 ... DOWNTOWN by Philippe Starck, the first luxury condominium on Wall Street, has set an astounding sales pace, surpassing $210 million in sales in its first four weeks on the market. "The unprecedented rate of sales for this extraordinary building is both remarkable and a clear ...
Halstead acquires Heron.(Heron Residential, Halstead Property, LLC)(Brief Article)
Oct 06, 2004 ... Halstead Property, LLC has acquired ownership of Heron Residential, it was announced by Terra Holdings, parent company for Halstead. In this acquisition, Halstead Property, LLC will increase its residential brokerage staff by 20 real estate agents. This new Halstead ...
Classic move at 1450 Broadway.(Classic Security)(Brief Article)
Oct 06, 2004 ... Classic Security, a New York City-based full-service security provider, and First Quality Maintenance (FQM), a New York City-based cleaning services company, both part of the Alliance Building Services family, have been awarded exclusive service contracts to provide security and cleaning ...
Sidney J. Bernstein dies at 100.(Obituary)
Oct 06, 2004 ... On August 30, 2004 the real estate industry lost one its senior and most respected member, Sidney J. Bernstein. He celebrated his 100th birthday this April 13. Elegant. Mannered. A philosophical bon vivant. A man whose goals reached for something permanent beyond strictly ...
Partners head to Hartsdale.(new york)(Brief Article)
Oct 06, 2004 ... Tribeca Associates, a New York-based commercial real estate ownership, asset management and investment company, together with Vintage Group, LLC, a New York-based residential investment and management company, has purchased 140 East Hartsdale Avenue, an 80-unit rental apartment building in ...
William Newman makes $25m college donation.
Oct 06, 2004 ... Dr. Kathleen Waldron, the new president of Baruch College, announced that alumnus William Newman, Chairman of New Plan Excel Realty Trust, and Anita Newman, his wife, have made a $25 million gift to the College. The gift is one of the largest in the history of private gifts to ...
Homebridge Mortgage Bankers recently hosted a downtown reception for brokers at The Torch Club.(Illustration)
Oct 06, 2004 ... [ILLUSTRATION OMITTED] Caption: Homebridge Mortgage Bankers recently hosted a downtown reception for brokers at The Torch Club. The reception included brokers from Brown Harris Stevens and ...
Brand plays on at ULI.(Urban Land Institute)
Oct 06, 2004; ... The secret to creating a successful brand name is the level of service you offer your customers, insisted the panelists at the Urban Land Institute's September 29 meeting. Giving marketing tips to real estate firms at the meeting were George Lancaster, vice president of ...
Freedom Tower contract near.(Brief Article)
Oct 06, 2004; ... With bidding currently underway, a contract for the construction of the Freedom Tower's foundation is expected to be to be awarded by Silverstein Properties in late October. The contract, which includes the continued excavation of the construction site as well as the fabrication ...
REBNY to host major investment conference.(Real Estate Board of New York)(Brief Article)
Oct 06, 2004 ... The Real Estate Board of New York will be hosting a major investment conference on Tuesday morning, October 26 entitled "Buyers Market or Sellers Paradise." Topics will include a discussion on the large differences between the optimists and pessimists; those market conditions ...
Congress extends $8b Liberty Bonds program.
Oct 06, 2004; ... Liberty Bonds, which have provided cheaper financing for both big and small developments for the past three years, aren't going anywhere for a while--that is, except towards more development. Issued by the US government to encourage economic recovery after the city was rocked by ...
NYU launches $2.5b campaign.(New York University)(Brief Article)
Oct 06, 2004 ... New York University last week began a seven-year $2.5 billion fundraising campaign and a major, intensive faculty hiring initiative in the arts and sciences. The campaign, which is the largest in the University's history and has already raised some $1.1 billion during its 3-year ...
Zoning changes to include new 'natural' protections.(Brief Article)
Oct 06, 2004 ... The Department of City Planning has unveiled new, stronger protections for natural features including steep slopes, ponds and wooded areas in Staten Island and the Bronx, officially beginning the public review of the proposed zoning changes. The proposed text amendments affect ...
$27b to keep NYC rolling.(Metropolitan Transit Authority)(New York City)
Oct 06, 2004; ... The Metropolitan Transit Authority passed a $27 billion budget last week with hopes that the federal and state government will help fund part of the financial plan that will maintain and make improvements to the system. "We are unveiling a $25 billion program for the '05/'09 ...
Trans-Hudson rail plan's $10m boost.
Oct 06, 2004 ... The Port Authority Board of Commissioners has made a significant financial commitment toward a major regional transportation project that will provide for future growth in trans-Hudson rail travel. The Board approved $10 million to advance plans that will reduce rush-hour ...
AIA backs Hudson Yards proposal.(American Institute of Architects)
Oct 06, 2004 ... The AIA New York Chapter, the founding Chapter of the American Institute of Architects, representing 3,500 architects, professional affiliates, and public members, has reviewed and and announced its support for the proposed zoning text and the plans for development of Hudson Yards. ...
Croton water plant to be built on Bronx park land.(Croton Water Supply System)
Oct 06, 2004 ... The City Council approved a Memorandum of Understanding last week with the State that allows the city to move forward with the construction of a water filtration plant for the Croton Water Supply System under the Mosholu Golf Course in Van Cortlandt Park. As part of the agreement, more ...
University all set to break ground on 200,000 s/f research building.
Oct 06, 2004 ... Albert Einstein College of Medicine of Yeshiva University will break ground on October 13 for a 201,000 square foot research building at the corner of Morris Park Avenue and Eastchester Road in the Bronx. The new $200-million facility, to be built on property leased from the New ...
Work begins on performance venue.(Jamaica Performing Arts Center)
Oct 06, 2004 ... Construction work has begun on the new Jamaica Performing Arts Center, a 400-seat performance venue in Queens designed by New York City architectural firm Wank Adams Slavin Associates LLP The new center will be located in the 146-year-old First Reformed Church of Jamaica at ...
Housing project gets green light.(Carteret Planning Board)(Brief Article)
Oct 06, 2004 ... The Carteret Planning Board recently granted preliminary site plan approval for 386 units of housing and 43,000 square feet of commercial development, as part of Kaplan Companies' aggressive plan to renew the Chrome neighborhood, at Lower Roosevelt Avenue in the borough. In ...
Cesar Pelli to design $150m CT science center.(Connecticut. Center for Science & Exploration Board of Trustees)(Brief Article)
Oct 06, 2004 ... The Connecticut Center for Science & Exploration Board of Trustees selected world renown Connecticut architect Cesar Pelli to design a state-of-the-art science center in Hartford. The Center also announced that the project is now within $26 million of its overall fundraising ...
Der Scutt selected.(Der Scutt Architect)(Brief Article)
Oct 06, 2004 ... Der Scutt Architect has been engaged by Symrise, Inc., the world's fourth largest fragrance and flavor company, to reprogram and redesign their Teterboro, New Jersey world headquarters. The project also includes consolidation of other divisions which will be relocated from ...
Expansion projects win financial aid from City.(New York City Industrial Development Agency)
Oct 06, 2004 ... New York City Industrial Development Agency recently approved financing assistance for two not-for profit organizations, including a foster care service provider in the Bronx and an independent K-12 school in Manhattan. The IDA Board also agreed to provide assistance to two ...
Luxury downtown living.
Oct 06, 2004 ... Downtown Stamford embarks on a new era in sophisticated residential living with the debut of Highgrove, an ultra luxury condominium. Combining exceptional lifestyle amenities with the world-class architecture of internationally renowned architect Robert A.M. Stern, Highgrove is ...
Prevailing wage law in public and private sectors.(Inside Construction & Design)
Oct 06, 2004; ... For those involved in real estate development in New York, the lines often blur between "private" and "public" projects. Is public funding alone, in whole or in part, enough to legally change the private character of a project? There are serious ramifications of not being fully ...
Calendar.(concrete industry confernces)(Calendar)
Oct 06, 2004 ... CIB October 14--The Concrete Industry Board of New York will be featuring Mssrs. Joseph Siano, Senior Vice President and Program Executive for MTA Capital Construction Company, Mr. Majid Hedayati, Vice President, Deputy Manager ESA Project, PB/STV Joint Venture Companies, Peter ...
Successful property maintenance from head to toe.
Oct 06, 2004; ... One of the most important jobs of a property manager is implementing and overseeing effective maintenance and improvement programs. Since coming on board with Helmsley-Spear, Inc. three months ago, this has been one of my goals. One particular example is a plan for a 700 unit ...
More advanced training for multi-family building operators is now available.(Association for Energy Affordability, Inc.)
Oct 06, 2004 ... The Association for Energy Affordability, Inc. (AEA) is pleased to announce that the first of two new standardized Training Programs designed for multi-family building managers, supers and maintenance personnel will begin on September 27th at the Energy Management Training Center in the ...
Incubator buildings the latest trend for start-ups.(Brief Article)
Oct 06, 2004; ... We've read about trophy buildings and specialty buildings, but only recently has anyone written about the success of "incubator buildings" in today's market. "Incubator buildings" are buildings that house small companies, often start-up firms, that lease, on average, under 2,000 square ...
How to temper fear and loathing of your security measures.
Oct 06, 2004; ... Managing the safety and security of buildings and facilities has never been more necessary than it is today. Yet the very people that are being protected often perceive that protection as being overdone, exaggerated, silly, an intrusion on civil liberties and unwelcome. ...
Trammel Crow Co. appoints new VP.(Brief Article)
Oct 06, 2004 ... Trammell Crow Company has announced the appointment of Cindy J. Feury, RPA, CPM, as vice president of property management. In this capacity, Ms. Feury will be responsible for all property and asset management activities covering Trammell Crow Company's northern and central New ...