Real Estate Weekly back issues from June 2005:
Long Island's biggest deal.
Jun 01, 2005; ... The North Shore-Long Island Jewish Health System has signed one of the biggest lease deals in Long Island's history. Pressed for space at its two existing Long Island hospitals--the North Shore University Center in Manhasset and the Long Island Jewish Medical Center in New Hyde ...
MetLife makes $385m investment purchase of 575 Park Ave. tower.(Brief Article)
Jun 01, 2005; ... Using a 1031 tax exchange from the recent high profile sales of its two trophy assets, One Madison Avenue and 200 Park Avenue, MetLife has purchased 575 Fifth Avenue, known as The Center of Fifth, for $385 million. The building was owned by a partnership that included Sterling ...
Bowne leases 200,000 s/f at 55 Water St.(Bowne & Co. Inc.)
Jun 01, 2005 ... In a deal which absorbs a significant portion of the remaining available space at mammoth 55 Water Street, Bowne & Co. Inc., the world's largest financial printer, has leased 203,669 s/f at the 3.8 million-square foot property owned by the Retirement Systems of Alabama. In ...
Construction law attorney, Barry B. LePatner, of LePatner & Associates LLP recently hosted "Real Estate Outlook: Is the Rebound for Real?" an executive seminar attended by more than 200 corporate, real estate and design and construction professionals.
Jun 01, 2005 ... Construction law attorney, Barry B. LePatner, of LePatner & Associates LLP (second from left) recently hosted "Real Estate Outlook: Is the Rebound for Real?" an executive seminar attended by more than 200 corporate, real estate and design and construction professionals. The University Club ...
Vivendi's 300,000 s/f does disappearing act.
Jun 01, 2005; ... Having just subleased 9,260 s/f of space at 800 Third Avenue, media firm, Vivendi, has come close to unloading 300K s/f of space it had occupied in seven different buildings in Manhattan. All that remains is 7,000-s/f of space at 800 Third Avenue; a tidbit compared to the mammoth 190K s/f ...
Clarification.(Correction Notice)
Jun 01, 2005 ... In the May 18, 2005 issue of REW, the Titans of the Industry profile on ...
Westreich's 11th hour bid to buy out 386 Park Ave.(Anthony Westreich)(Monday Properties)
Jun 01, 2005; ... The partnership that owned 386 Park Avenue South never counted on one of its own to buy out the other partners. So when the building was recently put up for sale and two fiercely competitive bidders ratcheted the price up to $71 million, the owners were surprised when Anthony ...
CB Richard Ellis.(Greg Kraut appointed)(Brief Article)
Jun 01, 2005 ... CB Richard Ellis announced that Greg Kraut has joined the firm as first vice president. Kraut has more than 10 years of experience in real estate. Prior to joining CB Richard Ellis, he served as ...
Penson Companies.(Daniel J. Russell appointed)(Brief Article)
Jun 01, 2005 ... The Penson Companies announced that Daniel J. Russell has joined the firm as asset coordinator. In his new position, Russell will be responsible for ...
NAI Global: Andrew Serenyi.(appointment)(Brief Article)
Jun 01, 2005 ... NAI Global announced that Andrew Serenyi has joined the firm as director of corporate communications. In his new position, Serenyi will be responsible for corporate marketing, advertising and member training materials. ...
NAI Global: Jennifer Szwalek.(appointment)(Brief Article)
Jun 01, 2005 ... NAI Global announced that Jennifer Szwalek has been appointed as public relations director. Szwalek has 13 years of experience in public ...
Buttonwood Real Estate, LLC.(Craig Hantgan appointed)(Brief Article)
Jun 01, 2005 ... Buttonwood Real Estate, LLC announced that Craig Hantgan has been appointed as chief operating officer. Hantgan has more than 12 years of experience in real estate development and investment. Prior to joining Buttonwood Real Estate, he served as president of Esquire Properties, ...
Fletcher Thomspon Architecture: P. James Repka.(appointment)(Brief Article)
Jun 01, 2005 ... Fletcher Thomspon Architecture announced that P. James Repka has joined the firm as project architect. Repka has 24 ...
Fletcher Thompson Architecture: Kevin Scott Dunn.(appointment)(Brief Article)
Jun 01, 2005 ... Fletcher Thompson Architecture announced that Kevin Scott Dunn has joined the firm as architectural designer. Prior ...
The Durst Organization.(Eric S. Engelhardt appointed)(Brief Article)
Jun 01, 2005 ... The Durst Organization announced that Eric S. Engelhardt has been appointed as vice president of leasing. Prior to joining the Durst Organization, Engelhardt served as a landlord representative with ...
Fletcher Thompson Architecture: Roberto Guerrero, Jr..(appointment)(Brief Article)
Jun 01, 2005 ... Fletcher Thompson Architecture announced that Roberto Guerrero, Jr. has joined the firm as job captain. Prior to joining Fletcher Thompson, Guerrero ...
Fletcher Thompson Architecture: Ron Seder.(appointment)(Brief Article)
Jun 01, 2005 ... Fletcher Thompson Architecture announced that Ron Seder has joined the firm as job captain. Seder specializes in school ...
Prudential Douglas Elliman.(Elida Jacobsen Justo appointed)(Brief Article)
Jun 01, 2005 ... Prudential Douglas Elliman announced that Elida Jacobsen Justo has been appointed as director of its development marketing group. Justo has 20 years ...
The Community Preservation Corporation.(Patricia A. Woods appointed)(Brief Article)
Jun 01, 2005 ... The Community Preservation Corporation announced that Patricia A. Woods has been appointed as a mortgage officer in its Western region office in Buffalo, N.Y. Woods has 15 years ...
Hoffmann Architects, Inc.: Craig A. Hargrove.(appointed)(Brief Article)
Jun 01, 2005 ... Hoffmann Architects, Inc. announced that Craig A. Hargrove has been appointed as vice president and director of architecture. Hargrove has 17 years of experience in architecture. His list of projects includes the ...
Hoffman Architects, Inc.: Richard P. Kadlubowski.(appointed)(Brief Article)
Jun 01, 2005 ... Hoffman Architects, Inc. announced that Richard P. Kadlubowski has been appointed as vice president and senior architect. Kadlubowski has 20 years of experience in architecture. His list of ...
Cushman & Wakefield.(Peter W. Quinn appointed)(Brief Article)
Jun 01, 2005 ... Cushman & Wakefield announced that Peter W. Quinn has been appointed as senior managing director of industrial business development and operations. In his new position, Quinn will be responsible for business development and recruitment of ...
Studley.(Ann Marie T. Lynch appointed)(Brief Article)
Jun 01, 2005 ... Studley announced that Ann Marie T. Lynch has joined the firm as senior vice president of professional development. Prior to joining Studley, Lynch served as director of IT ...
NAI Global announced that Peter Avalone has been appointed as managing director.(Brief Article)
Jun 01, 2005 ... NAI Global announced that Peter alone has been appointed as managing director of capital markets. Avalone has 20 years of experience in capital markets. Prior to joining NAI Global, he served as chief operating officer of the Carlton ...
Massey Knakal Realty Services.(Landon McGaw appointed)(Brief Article)
Jun 01, 2005 ... Massey Knakal Realty Services announced that Landon McGaw has joined the firm as an associate in its Brooklyn office. Prior to joining ...
Metro Spire.(Ernesto Montalvo appointed)(Brief Article)
Jun 01, 2005 ... Metro Spire announced that Ernesto Montalvo has joined the firm as a residential sales associate. Prior to joining Metro ...
Business Furniture, Inc.(Ann Issackedes appointed)(Brief Article)
Jun 01, 2005 ... Business Furniture, Inc. announced that Ann Issackedes has joined the firm as senior account executive. ...
Besen & Associates.(contract)(Brief Article)
Jun 01, 2005 ... Besen & Associates has been appointed as the exclusive sales agent for the following properties: * 1063 Ward Ave., a four-story walk-up building in the Bronx; ...
Massey Knakal Realty Services.(contract)(Brief Article)
Jun 01, 2005 ... Massey Knakal Realty Services has been appointed as the exclusive sales agent for the following properties: * 173-77 W. 89th St., a four-floor apartment building in New York City. Meyrick E. D. Ferguson will handle this assignment on behalf of Massey Knakal; * ...
Burak Organization.(contract)(Brief Article)
Jun 01, 2005 ... The Burak Organization has been appointed as the exclusive managing agent for ...
RHS Realty Associates.(contract for office building purchase)(Brief Article)
Jun 01, 2005 ... RHS Realty Associates has been appointed for 65 Roosevelt Ave., a two-story, 27,000 s/f office ...
Massey Knakal Realty Services.(Sales)(Brief Article)
Jun 01, 2005 ... Massey Knakal Realty Services announced the following transactions: * The sale of 25-03 Steinway St., a two-story mixed-use building in Queens, for $565,000. Alfonso Holloman and Mark Gjonbalaj, of Massey Knakal, ...
Leslie J. Garfield & Co.(Sales)(Brief Article)
Jun 01, 2005 ... Leslie J. Garfield & Co. announced the sale of 103 E. 37th St., an 11,000 s/f mansion in New York ...
Getting to the art of real estate appraisal.(PROFILE OF THE WEEK: Robert Von Ancken, Executive managing director, Grubb & Ellis)(Biography)
Jun 01, 2005; ... When you meet people like Robert Von Ancken, it's hard to understand how they find enough hours in the day for all the work they do. Von Ancken, who serves as an executive managing director of the metropolitan valuation and consulting practice with Grubb & Ellis, does ...
Done deal: $1.7b sale of MetLife Building officially closed.
Jun 01, 2005 ... Cushman & Wakefield announced the completion of the $1.72 billion sale of the MetLife Building at 200 Park Avenue, which marks the largest single-building sale in New York City history. The transaction officially closed Wednesday, May 4. Tishman Speyer Properties purchased the ...
Fifth Avenue building fetches $46m.(Brief Article)
Jun 01, 2005 ... A 13-story apartment building at 25 Fifth Avenue in Manhattan's Greenwich Village was sold by Massey Knakal Realty Services in an all-cash transaction valued at $46,300,000. The building is located on the northeast corner West 9th Street and Fifth Avenue. It contains ...
Red Cross buys new headquarters on 49th Street.(American Red Cross in Greater New York)
Jun 01, 2005 ... Following the sale last year of its former headquarters at 150 Amsterdam Avenue, The American Red Cross in Greater New York has found a new permanent home. The organization announced it has acquired 514 West 49th Street, Manhattan, a four-story, 100,000 s/f stand alone building, ...
LI store's ultimate sale nets $5m.(Long Island)(Swezey-Glen Cove Holding LLC)(18 School St. LLC)(Brief Article)
Jun 01, 2005 ... Swezey-Glen Cove Holding LLC has completed the sale of its property located on School Street in Glen Cove, NY. The purchase price was $5,000,000.00. Swezey was represented by Barbara Shaheen Alesi, Esq., a partner at the law firm Forchelli, Curto, Schwartz, Mineo, Carlino & ...
Praedium's airport buy.(Praedium Group LLC announced a joint venture acquisition with Orlando-based Tower Realty Partners Inc. to purchase the Orlando Airport Business Center)(Brief Article)
Jun 01, 2005 ... The Praedium Group LLC announced a joint venture acquisition with Orlando-based Tower Realty Partners, Inc. to purchase the Orlando Airport Business Center located at 5800 South Semoran Blvd. in Orlando, FL for $17.25 million ...
Lawyers lease 38,000 s/f space at Grace Building.(Thompson Hine LLP has signed a 38,531 s/f 15-year lease )
Jun 01, 2005 ... In a deal which provides for short- and long-term growth, Cleveland-based law firm Thompson Hine LLP has signed a 38,531 s/f 15-year lease for the entire 39th and part of the 38th floors at 1114 Avenue of the Americas, aka The Grace Building. Studley's David J. Goldstein, ...
10,000 s/f deal at Monday's 230 Park.(Monday Properties has completed a lease with Suite 2525 LLC)(Brief Article)
Jun 01, 2005 ... Monday Properties, a New York-based development, ownership and management company, has completed a lease with Suite 2525 LLC at 230 Park Avenue. The law firm leased approximately 10,500 s/f at the 1.3 million-square-foot building. Suite 2525 LLC was represented by David Falk and ...
Foodies' Bad Boy move.(Ray's Pizza)(Bagel & Bean)(Robert K. Futterman & Associates LLC has completed leases with Ray's Pizza and Bagel & Bean)(Brief Article)
Jun 01, 2005 ... Robert K. Futterman & Associates, LLC specializing in retail leasing and investment sales, has completed leases with Ray's Pizza and Bagel & Bean at 1710 Broadway. The pizzeria took 3,000 s/f and the bagel specialty food retailer signed for 2,191 s/f at the 52,150 s/f building. ...
JUICE swallows 15,000 s/f in Eighth Ave. expansion.(JUICE Pharma Advertising)(Brief Article)
Jun 01, 2005 ... JUICE Pharma Advertising, a healthcare advertising agency, announced today that it has leased 15,000 square feet at 322 8th Avenue to accommodate its rapidly growing business. JUICE Pharma, which has experienced continued growth since its inception in November 2002, will be ...
Three full-floor tenants sign leases at 450 Park Avenue.(Brief Article)
Jun 01, 2005 ... Three new tenants have each taken an entire floor at 450 Park Avenue, according to Andrew Nick, principal and director of asset management for Taconic Investment Partners, the building's co-owner. "These deals are at rental numbers that show increasing strength in the ...
Prime time on Chambers as 11,000 s/f site goes on block.(TriBeCa submarket)(Brief Article)
Jun 01, 2005 ... A rare opportunity to acquire an 11,670 s/f development site, in the heart of Manhattan's burgeoning TriBeCa submarket, is immediately available exclusively through Eastern Consolidated. Two contiguous block-thru parcels at 91-95 Chambers Street (aka 73-77 Reade Street), ...
Rudin family celebrates 100 years in real estate.
Jun 01, 2005 ... The now legendary purchase that marks the Rudin family's entry into New York real estate--the acquisition of a 4-story brownstone at 153 East 54th Street by Louis Rudinsky exactly 100 years ago--was celebrated recently with a "1905-themed" event at the office building that now stands on ...
Mary Lilly of Realty Foundation for over 30 years dies.(OBITUARY)(Obituary)
Jun 01, 2005; ... Mary Lilly, former executive vice president of the Realty Foundation, died May 16. Lilly had been involved with the Foundation for over 30 years, providing financial help to brokers who had fallen on hard times and arranging college scholarships for children of real estate ...
Broad Street Development signs four deals at 61 B'way.
Jun 01, 2005 ... Broad Street Development, an owner and management group led by Raymond Chalme, has signed four new leases totaling more than 13,000 square feet at 61 Broadway in Downtown Manhattan. All of the companies, existing and new tenants, benefited from the swift lease closings and the ...
The National Realty Club lunch meeting held recently at the Williams Club featured Christine Haughney, Real Estate Reporter for Crain's New York Business, who covered this year's major New York City real estate issues and transactions.
Jun 01, 2005 ... The National Realty Club lunch meeting held recently at the Williams Club featured Christine Haughney, Real Estate Reporter for Crain's New York Business, who covered this year's major New ...
Business brisk at 250 W 57th Street.(leases)(Brief Article)
Jun 01, 2005 ... The active pace of leasing at 250 West 57th Street continued in the first quarter of 2005, when 18 leases for a total of close to 38,000 square feet were signed, announces Barry Zeller, executive director of Cushman & Wakefield, the building's management and leasing agent. ...
Modell's expansion.(GVA Williams announced the completion of lease that will bring the first Modell's Sporting Goods stores to the Hartford, Connecticut market.)(Brief Article)
Jun 01, 2005 ... GVA Williams of Connecticut announced the completion of two leases that will bring the first Modell's Sporting Goods stores to the Hartford, Connecticut market. The sporting goods retailer will open a 20,000 s/f store in Newington and a 20,170 s/f Manchester location. ...
C&W's summer job.(Cushman & Wakefield)(Benenson Asset Management Inc.)(Brief Article)
Jun 01, 2005 ... Cushman & Wakefield has been appointed exclusive leasing agent to Park Place at 1600 Summer Street, a 270,000 s/f office complex in Stamford owned by Benenson Asset Management, Inc., of New York City. Benenson developed the six-floor office property, which was originally ...
Time Warner Center a magnet for investment, says ULI.(Urban Land Institute)
Jun 01, 2005 ... The Shops at Columbus Circle in New York City's newest landmark destination, Time Warner Center, report outstanding sales figures for the first year of operations. The complex opened to the public on February 5, 2004 and is truly a success story for the multi-level retail, dining and ...
W&H tenants get food for thought.(W&H Properties)(Brief Article)
Jun 01, 2005 ... As the newest chapter in its history of enlightened tenant relations, W&H Properties has distributed more than 2,600 copies of the 2005 Zagat Map of New York City Restaurant to tenant firms in its four Manhattan office buildings. The handsomely designed fold-out composite map is ...
Honored guests and awards presenters at PWC's Salute to Women of Achievement luncheon, May 11 at the Yale Club.
Jun 01, 2005 ... Honored guests and awards presenters at PWC's Salute to Women of Achievement luncheon, May 11 at the Yale Club: (front l-r) Jean Solomon, executive director of construction, Museum of Modern Art; Greta Davis, national director of supplier diversity, Time Warner; Victoria Sta. Iglesia, ...
Bruno calls for words, not action, on stadium.(Joseph Bruno)(Brief Article)
Jun 01, 2005; ... As pressure mounts on Senate Majority Leader Joseph Bruno and Assembly Speaker Sheldon Silver to approve plans for the West Side stadium, Bruno has called for a fresh meeting to hammer out the pros and cons of the proposal. Bruno said he wants a meeting with Governor George ...
Gargano appoints president to oversee Javits expansion.(Charles A. Gargano)(Michael A. Petralia)
Jun 01, 2005 ... Empire State Development Chairman Charles A. Gargano announced that Michael A. Petralia, currently chief of public and government affairs for the Port Authority of New York and New Jersey, has been named president of the New York Convention Center Development Corp., which will oversee the ...
$800m will realize dreams for new-look downtown.
Jun 01, 2005 ... An $800 million cash injection should complete the transformation of Lower Manhattan to a 24/7 mixed-use community, according to Governor George Pataki and Mayor Michael Bloomberg. The two unveiled a comprehensive allocation plan for the remaining Lower Manhattan Development ...
$220m Bronx parks makeover.(St. James Park)(Brief Article)
Jun 01, 2005 ... The city and Parks & Recreation Department and the Department of Environmental Protection recently broke ground on the renovation of St. James Park. The project is the first of more than 70 Bronx parks reconstruction projects related to the construction of the Croton Water ...
Ratner partners with city to create Brooklyn homes.(Bruce Ratner)
Jun 01, 2005 ... The city and Bruce Ratner have partnered to create more than 2,000 low- and moderate-income rental units in the Atlantic Yards development in Brooklyn. Mayor Michael R. Bloomberg, Rather, Forest City Rather Companies President & CEO, and Association of Community Organizations ...
Madison Equities tops out office, hotel tower on Upper East Side.(Brief Article)
Jun 01, 2005 ... Madison Equities is developing a 15-story, mixed-use property containing a 226 room Courtyard by Marriott hotel on floors 5 through 15, and 40,000 s/f of office space on the first through fourth floors, which recently topped out. The first two floors of the building are already ...
Fox & Fowle unveils green roof.(Fox and Fowle Architects P.C. at Calhoun School )(Brief Article)
Jun 01, 2005 ... Fox & Fowle Architects recently unveiled the 2,500 s/f green roof installation at The Calhoun School on Manhattan's Upper West Side. One of the first of its kind, Calhoun's green roof will provide long term environmental benefits as well as a safe outdoor area for students to ...
LI developers showcase work and raise funds.(Long Island, New York, The Long Island Real Estate Group)(Brief Article)
Jun 01, 2005 ... More than 240 real estate industry executives gathered yesterday to view four of Long Island's newest and largest real estate projects at a fundraiser that benefited two charities in the Nassau-Suffolk region. The fundraiser, "A Developers' Showcase" cocktail party was ...
$65m construction loan closed.(Fremont Investment and Loan to finance 7.13 acres acquisition of JMI Realty and Lennar Corp.)(Brief Article)
Jun 01, 2005 ... Fremont Investment & Loan, a subsidiary of Fremont General Corporation (FMT:NYSE) has closed on a $65 million loan to provide acquisition financing for the takedown of 7.13 acres in Downtown San Diego by a venture of JMI Realty and Lennar Corporation, it was announced today by Sarah ...
Company celebrates 15 years.(Crystal Window and Door Systems Ltd.)(Brief Article)
Jun 01, 2005 ... Crystal Window & Door Systems of Flushing, NY, is celebrating 15 years in business. Started by Thomas Chen and other partners in May 1990 as a modest operation with 10 employees, the company has experienced phenomenal growth. The manufacturer now boasts sales of ...