Real Estate Weekly back issues from April 2006:
Debt deals have bankers talking.(Discussion)(Brief article)
Apr 05, 2006 ... At its March monthly lunch meeting, the Real Estate Board of New York Finance Committee, chaired by Marc Haves, of Haves, Pine & Seligman, hosted a panel of top mortgage bankers entitled "Notable 2005 Debt Transactions--the Broker's Perspective." Joining the panel, moderated by ...
Paramount buys, sells midtown office towers.
Apr 05, 2006; ... In two separate but equally sweet deals, the Paramount Group Inc. has bought and sold two class A midtown buildings. Paramount has gone to contract with an affiliate of W.P. Carey & Co., LLC, to buy the 222,000 s/f Candler Tower in the Times Square District. The ...
Turnaround at 132 W 31st St; engineers sublease 50,000 s/f.
Apr 05, 2006; ... Research and engineering company Scientific Application International Corporation subleased 50,000 s/f of space in 132 West 31st Street from former tenant HIP last week. The deal, which is for the entire 6th floor and 8th floor in the building, absorbed the final portion of the ...
Memorial controversy continues.(at World Trade Center )
Apr 05, 2006; ... Equal parts watchdog and mediator, the Committee on Lower Manhattan Redevelopment, convened last week to examine the latest round of controversy over various aspects of the World Trade Center memorial's design, including the safety concerns that have erupted over the memorial's number of ...
Finance Department leases 75,000 s/f.
Apr 05, 2006 ... New York City Department of Finance signed a new lease for 75,601 s/f at 3000-3002 Third Avenue in the Bronx. The building is currently under construction with retail on the ground floor and offices above. NYC Department of Finance chose this location to assist in the ...
Two more firms tuned into Rudin's high-tech 3 2 Sixth.
Apr 05, 2006 ... Tribeca's ultra high-tech office tower at 32 Avenue of the Americas continues to be a magnet for cutting edge media and technology-driven companies. The latest such firms to sign long-term leases at the landmarked property, which is owned by the Rudin family, are Impact Digital, ...
CB Richard Ellis: Stephanie Moore.(appointment)(Brief article)
Apr 05, 2006 ... CB Richard Ellis' Westchester/ Fairfield operation recently hired Stephanie Moore to its roster of sales personnel. She transferred from the Midtown Manhattan office. Moore is a talented tenant and owner's representative, having learned the business from seasoned professionals ...
CB Richard Ellis: Silvia Pogosyan.(appointment)(Brief article)
Apr 05, 2006 ... CB Richard Ellis' Westchester/ Fairfield operation recently hired Silvia Pogosyan to its roster of sales personnel. She transferred from the Midtown Manhattan office. Pogosyan joins CB Richard Ellis' Westchester/Fairfield office as a critical part of the development of the ...
CB Richard Ellis: Susanne Dengenis.(appointment)(Brief article)
Apr 05, 2006 ... CB Richard Ellis' Westchester/ Fairfield operation recently hired Susanne Dengenis to its roster of sales personnel. Dengenis conies to CB Richard Ellis with more than 20 years of experience in real estate as well as related industries. She spent time at firms devoted ...
Grubb & Ellis Company: Christine Rothermel.(WHO'S NEWS)
Apr 05, 2006 ... Grubb & Ellis Company announced that Christine Rothermel has joined the company as a property manager. Formerly of GVA Williams, Rothermel worked ...
RELO Direct[R], Inc.(Patricia Leon appointed)(Brief article)
Apr 05, 2006 ... Patricia Leon, CRP, has been named executive vice president and chief operating officer of RELO Direct[R], Inc., the corporate relocation management subsidiary of Leading Real Estate Companies of the World[TM], formerly known as ...
The Law Firm of Roy M. Sparber, LLC.(WHO'S NEWS)
Apr 05, 2006 ... Roy M. Sparber, most recently a senior partner with Brauner Baron Rosenzweig & Klein, LLP, is pleased to announce the opening of his new law firm in Manhattan, The Law Firm of Roy M. Sparber, LLC. Sparber, a 34-year veteran of tax certiorari, will continue to ...
Grubb & Ellis Company: Eric Hill.(appointment)(Brief article)
Apr 05, 2006 ... Grubb & Ellis Company has announced the addition of Eric Hill to the Grubb & Ellis New Jersey Team. Hill, a veteran of the real estate business, joined the Industrial Services Group as ...
Grubb & Ellis Company: Sean Hill.(WHO'S NEWS)
Apr 05, 2006 ... Grubb & Ellis Company has announced the addition of Sean Hill to the Grubb & Ellis New ...
Grubb & Ellis Company: Dawn Arrabito.(appointment)(Brief article)
Apr 05, 2006 ... Grubb & Ellis Company has announced the addition of Dawn Arrabito to the Grubb & Ellis New Jersey Team. Arrabito joined the Office Services Group in the Fairfield, New Jersey Office. She comes to Grubb & ...
Grubb & Ellis Company: Matthew Tal.(WHO'S NEWS)
Apr 05, 2006 ... Grubb & Ellis Company has announced the addition of Matthew Tal to the Grubb & Ellis New Jersey Team. ...
Grubb & Ellis Company: Kyle Eaton.(appointment)(Brief article)
Apr 05, 2006 ... Grubb & Ellis Company has announced the addition of Kyle Eaton to the Grubb & Ellis New Jersey Team. Eaton is part of the Industrial Services Group in the firm's Edison, New Jersey ...
Grubb & Ellis Company: Mona Holzberg.(appointment)(Brief article)
Apr 05, 2006 ... Grubb & Ellis Company has announced the addition of Mona Holzberg to the Grubb & Ellis New Jersey Team. She joined the Retail Services Group in the ...
Grubb & Ellis Company: Peter Shikar.(WHO'S NEWS)
Apr 05, 2006 ... Grubb & Ellis Company has announced the addition of Peter Shikar to the Grubb & Ellis New Jersey Team. ...
Grubb & Ellis Company: Michael Weiss.(WHO'S NEWS)
Apr 05, 2006 ... Grubb & Ellis Company has announced the addition of Michael Weiss to the Grubb & Ellis New ...
Fremont Investment & Loan's Commercial Real Estate Division.(WHO'S NEWS)
Apr 05, 2006 ... Jodi Gallivan has been promoted to vice president and senior loan originator at the Bethesda office of Fremont Investment & Loan's Commercial Real Estate Division. Prior to joining Fremont, Gallivan held the position of corporate counsel at ProLogis, a real estate investment ...
CBA Commercial, LLC: Scott Rielly.(promotion)(Brief article)
Apr 05, 2006 ... CBA Commercial, LLC, a commercial mortgage finance firm specializing in the purchase and securitization of small balance multifamily, commercial and mixed-use mortgage loans, announced that it has promoted Scott Rielly to executive ...
CBA Commercial, LLC: Stephen Wojnar.(WHO'S NEWS)
Apr 05, 2006 ... CBA Commercial, LLC, a commercial mortgage finance firm specializing in the purchase and securitization of small balance multifamily, commercial and mixed-use mortgage loans, announced that it has hired Stephen Wojnar, CMB, CMT, as vice president, Northeast Region. ...
Denholtz Associates.(WHO'S NEWS)
Apr 05, 2006 ... Denholtz Associates announced the appointment of Stuart Green, chief investment officer, to the National Capital Markets I Forum of the National Association of Industrial and Office Properties (NAIOP). Green has been with Denholtz ...
Kastle Systems.(Kiva Kolstein appointed)(Brief article)
Apr 05, 2006 ... Kastle Systems has appointed Kiva Kolstein as national accounts manager based in Kastle's New York City office. Prior to joining Kastle, Kolstein was with Cushman & Wakefield. Earlier in his career, he was with Confidential Practices Inc., where he was responsible for directing ...
Hidrock Realty Inc.(Agents)
Apr 05, 2006 ... Hidrock Realty Inc. is pleased to announce it has been appointed the exclusive managing and leasing agent of the 10-story office building at 37 E. 28th St. in New York City. Robert Kaplan will represent the landlord ...
Eastern Consolidated.(Eastern Consolidated Properties Inc., contract)(Brief article)
Apr 05, 2006 ... Eastern Consolidated recently arranged the sale of a six-story, 26-unit apartment building with two ground floor retail stores including a restaurant, located at 8-10 Rivington St. in ...
NAI Friedland Realty, Inc.(Sales)
Apr 05, 2006 ... NAI Friedland Realty, Inc. announced two transactions in Westchester County, N.Y. The former Midchester Jewish Center at 236 Grandview Blvd. in Yonkers, N.Y. was sold to an unidentified buyer for $2.2 million. NAI Friedland represented both sides. Robin Herko, worked with the ...
Pliskin Realty & Development.(Sales)
Apr 05, 2006 ... Mitchell Friedman, vice president of Investment Sales at Pliskin Realty & Development, recently closed on the $715,000 sale of a 3,500 s/f office building located at 474 New York Ave. in Huntington, N.Y. The building was formerly occupied by, ...
Smith dares to go where other lenders fear to tread.(PROFILE OF THE WEEK)
Apr 05, 2006; ... Richard Smith, a vice president and the leading loan originator at real estate lender, Fremont Capital, knows his shop isn't going to always win the battle of low interest rates. And observing the market these days, why would it want to? Given the sheer amount of capital ...
Developer has big plans for $29m site near ladies mile.
Apr 05, 2006 ... A development site on West 22nd Street, between Sixth and Seventh Avenues in Chelsea, has just traded for $29 million through Eastern Consolidated. Brian Ezratty, vice chairman of Eastern, exclusively represented the seller, the Laboz family and procured the buyer, the Ascend ...
Sinvin turns dilemma into a deal.
Apr 05, 2006 ... The problematic building at 143 Chambers Street just sold for $2.64 million--one-half to one-third its potential value--after nearly two years on the market. Jeremy Markoe, director of Sinvin Realty Corp., negotiated the sale of the five-story 8,500 s/f building on behalf of the ...
RAB urges members to remain united amidst strike threat.
Apr 05, 2006 ... With the contract covering Local 32BJ employees who work in apartment buildings set to expire at midnight on April 20, the Realty Advisory Board on Labor Relations is urging owners and managing agents to prepare for the possibility of a strike. While there has not been a ...
Co-op & Condo Expo a smash hit.(19th annual Co-op & Condo Expo)
Apr 05, 2006 ... Data for The Cooperator's 19th annual Co-op & Condo Expo Thursday, March 16 at Hilton New York, has surpassed earlier expectations by indicating an increase of 20 percent in attendance and all five seminars, holding 175 seats each, packed to capacity, announces Henry Robbins, executive ...
Insurers expand into 34,000 s/f at SL Green tower.
Apr 05, 2006 ... As REW exclusively reported on March 8, Jones Lang LaSalle has secured a 34,000 s/f lease at 750 Third Avenue that will enable Endurance Reinsurance Corporation of America to complete an expansion with SL Green Realty Corp. Endurance Re signed a 15-year lease at the 827,283 s/f ...
Advance move on Sixth.(Marsh and McLennan Companies Inc.)(Advanced Publications)(Entertainment and Sports Programming Network)(Seyfarth, Shaw, Fairweather and Geraldson)(Durst Organization)(Brief article)
Apr 05, 2006; ... Advanced Publications, which subleased 120,000 s/f of space at 1166 Avenue of the Americas from JP Morgan Chase in October 2005, has signed a lease to expand in the building by another 80,000 s/f. This time the lease will be a direct deal with the landlord, insurance and ...
Raskob on a leasing tear in the Fashion District.
Apr 05, 2006 ... Barbara Raskob, of The Kaufman Organization, which specializes in leasing and managing office space in the Fashion District, has sealed three leases totaling 10,341 s/f at the Nelson Tower, located at 450 Seventh Avenue in just nine days. Asking prices for all transactions were ...
Moinian welcomes first new tenant to Fifth Ave. tower.(Laboratory Institute of Merchandising)
Apr 05, 2006 ... Laboratory Institute of Merchandising (LIM), the College for the Business of Fashion, has announced plans to expand its campus with a fourth location at The Moinian Group's recently acquired 535-545 Fifth Avenue. LIM recently signed a 15-year lease for a 30,160 s/f addition that ...
Fifth Ave. hot spot hits market.(Prudential Douglas Elliman Real Estate signed to sale retail space at Fifth Avenue)
Apr 05, 2006 ... The team of Faith Hope Consolo, chairman, and Joseph A. Aquino, executive vice president, of Prudential Douglas Elliman's Retail Leasing and Sales Division, has been selected to market the retail space at 69 Fifth Avenue. Situated at the northeast corner of Fifth Avenue and East ...
New York favorite opens in Village.(Newmark Knight Frank Retail, H. Brickman & Sons.)(Brief article)
Apr 05, 2006 ... Newmark Knight Frank Retail announced that the 6,500 s/f ground floor retail space at 125 West 3rd Street, between Sixth Avenue and MacDougal Street, was leased to H. Brickman & Sons. This family-owned hardware store, which is located at 55 First Avenue in the East Village, has ...
Full house at Time Equities' 55 Fifth Avenue.
Apr 05, 2006 ... Time Equities Inc. (TEI) recently executed two new leases at 55 Fifth Avenue, bringing the property to 100 percent occupancy. Sakonnet Technology signed a five-year lease for 5,288 s/f on the 13th floor and the Barish Group signed a seven-year lease for 5,580 s/f on the 16th floor. ...
Ford models former home fetches nearly $1,100 psf.
Apr 05, 2006 ... A five-story loft building with two floors formerly occupied by Ford Modeling Agency at 142-144 Greene Street in Manhattan's SoHo neighborhood was sold by Massey Knakal Realty Services in all-cash transaction valued at $27,250,000. The 50' x 100' property is located on the east ...
Treeline's Montague St. property now at 100%.(The New York Public Employees Federation)(Brief article)
Apr 05, 2006 ... The Treeline Companies announced that The New York Public Employees Federation has signed a new long-term lease for 5,600 s/f at Treeline's 205 Montague Street in downtown Brooklyn, bringing the 87,000 s/f office property to 100 percent occupancy. Kraig Silver, senior vice ...
Rubler up and running with new team and new offices.
Apr 05, 2006 ... Prominent New York real estate industry executive Neil L. Rubler announced that the headquarters office has been established for his recently-formed private real estate development firm, Vantage Properties, LLC, at 750 Lexington Avenue. Rubler also announced the appointments of ...
Patriot adds trio of heavy hitters.
Apr 05, 2006 ... Three established leaders in the Philadelphia real estate market have joined Patriot Equities' expanding team of industry veterans. Michael Margolis, formerly with Trammell Crow Company, and Michael McShane, formerly with CB Richard Ellis, have joined the firm as directors of ...
Tides of change at Stamford's 100,000 s/f Harbor Plaza.(appoints William V. Cuddy, Jr and Budd Wiesenberg)
Apr 05, 2006 ... Ownership at one of Stamford, CT's most significant office parks recently made a change in its brokerage representation. Harbor Plaza Associates, owner of Harbor Plaza, appointed CB Richard Ellis' William V. Cuddy, Jr. and Budd Wiesenberg exclusive leasing agent for the six-building ...
42,000 s/f deal completes 100 Hillside leasing.
Apr 05, 2006 ... Comstock Inc., a leading provider of real-time market data solutions to the financial community and a subsidiary of Interactive Data, recently signed a 46,320 s/f lease at 100 Hillside Avenue in White Plains, NY. This transaction completes the leasing of 100 Hillside Avenue. ...
Well-positioned strip attracts $11m buyer.(First Sterling Corp.)(Brief article)
Apr 05, 2006 ... In a transaction that speaks to the on-going desirability of strategically positioned assets in successful markets, 777 Connecticut Avenue. a retail strip center in Norwalk, CT, was recently sold to First Sterling Corporation for $11.4 million or $592.60 per s/f. CB Richard ...
U.S. Renewables Group signed a new five-year lease for 2,190 s/f at Ten Bank Street in White Plains, N.Y.(New York)
Apr 05, 2006 ... U.S. Renewables Group signed a new five-year lease for 2,190 s/f at Ten Bank Street in White Plains, N.Y., said ...
SL Green.(S.L. Green Real Estate Inc., contract)(Brief article)
Apr 05, 2006 ... SL Green has announced the following transactions: * A 5,353 s/f lease at 286 Madison Ave. in New York City. CB Richard Ellis acted as the broker in this transactions; * A 549 s/f lease at 28 W. 44th St. in New York City. Newmark Knight Frank acted as the broker in ...
The Durst Organization announces that 205 East 42nd Street in New York City.(New York)(TWC Media Solutions, Inc.)(Dalberg Consulting New York Corp.)(Brief article)
Apr 05, 2006 ... The Durst Organization announces that 205 East 42nd Street in New York City is now 100% leased. TWC Media Solutions, Inc. leased 17,974 s/f and will occupy the entire 19th floor of the 21-story office building located midblock between 2nd and 3rd Avenues. The term of the lease ...
Adams & Co. Real Estate recently brokered a five-year, 4,000 s/f deal for Mixed-Up Mosaics Corp., an art design company, at 260 W. 35th St. in New York City.(New York)
Apr 05, 2006 ... Adams & Co. Real Estate recently brokered a five-year, 4,000 s/f deal for Mixed-Up Mosaics Corp., an art design company, at 260 W. 35th St. in New York City ....
Advance Realty Group.(New Jersey)
Apr 05, 2006 ... Advance Realty Group announced Herrick, Feinstein LLP, has signed a lease to occupy a portion of the 11th floor at One Gateway Center in Newark. GVA ...
The Goldstein Group.(New Jersey)(Brief article)
Apr 05, 2006 ... The Goldstein Group recently completed four new lease transactions for retailers: * Strauss Discount Auto signed a 12,800 s/f lease on Route 17 in Hasbrouck Heights. Goldstein's Chuck Lanyard and Lew Finkelstein, vice president, represented the tenant and the landlord Cardino ...
TCC brings facility to 100% occupancy.(LEASES)
Apr 05, 2006 ... Trammell Crow Company recently brought 550 Clark Drive, NJ, to 100% occupancy with a series of creative transactions executed by the leasing team of Leo Paytas. senior vice president; Mitch Katz, vice president: and Neal Heinze, senior associate. 550 Clark Drive is located ...
Film firm focusing on Secaucus for new HQ.(LEASES)
Apr 05, 2006 ... CB Richard Ellis (CBRE) announced it has represented both the landlord and tenant in a 12,647 s/f lease on Penhorn Avenue in Secaucus, New Jersey. Tylie Jones & Associates, a commercial film storage company, leased the space from Bhasin Properties for use ...
Survey sheds light on strategies of corporate RE executives.
Apr 05, 2006 ... A new study conducted by Alvarez & Marsal Real Estate Advisory Services, LLC, indicates that corporate real estate (CRE) operations are at a crossroads, with some executives continuing to view CRE as a non-core business, while others are recognizing corporate real estate as a key business ...
JD Carlisle unveils Cieolo's new model residence and sales center to brokers.
Apr 05, 2006; ... New York's top residential brokers crowded onto the 17th floor of Cielo, JD Carlisle's newest luxury condominium on the Upper East Side, to celebrate the grand opening of the model residence and sales center. Brokers had the opportunity to tour three completed condominiums, ...
Around town: events seminars meetings talks.(Calendar)
Apr 05, 2006 ... April 5 to 6--The Greater New York Chapter of the Institute of Real Estate Management (IREM) will conduct a course titled "Human Reseouce Essentials for Real Estate Managers" from 8:30 a.m. to 5:00 p.m. at Renwick Gardens, 332 East 29th Street in NYC. The cost to attend is $560 members; ...
Drug chain swallows up 12,000 s/f sublease space.
Apr 05, 2006 ... GVA Williams of Connecticut represented Eckerd Pharmacy in subleasing a 12,000 s/f Eastchester, New York location to Value Drugs, a regional chain of drug, health and beauty aid stores. Value Drugs will take over the lease of the freestanding location at One Tuckahoe Road until 2023. ...
User-friendly zoning handbook the ultimate guide to NYC.
Apr 05, 2006 ... City Planning Director Amanda M. Burden has announced the release of a new Zoning Handbook. The new edition contains photographs, graphics and concise plain-English explanations of New York City's Zoning Resolution. As the first revision of the handbook in 16 years, ...
IREM reports on key challenges facing the industry.(Institute of Real Estate Management)
Apr 05, 2006 ... The Institute of Real Estate Management (IREM) has published a report on the key challenges facing today's real estate management professionals as well as some practical suggestions and best practices for addressing them. Titled "Transforming Real Estate Management: Four Strategic Issues," ...
Life looks sweeter for Cubs fans.(Bell Environmental Services)(Brief article)
Apr 05, 2006 ... The life of a Chicago Cubs fan is about to get better because the team has made it known that birds are not welcome at Wrigley Field. The Cubs have hired Parsippany, New Jersey based bird control company Bell Environmental Services to install its patented and revolutionary ...
Investors are exploring the world for new opportunities.
Apr 05, 2006 ... According to Jones Lang LaSalle Hotels, U.S. investors are set to invest capital into Asia in the coming years as investment into the hotel sector continues to undergo rapid globalization. U.S.-based investors are expected to continue to dominate the market and explore the world ...
W.P. Carey completes $14m sale-leaseback.(W.P. Carey and Company L.L.C.)(Utex Industries Inc.)(Brief article)
Apr 05, 2006 ... Investment firm W. P. Carey & Co. LL Cannounced that it has acquired and leased back the corporate headquarters and three industrial facilities of Houston, Texas-based UTEX Industries, Inc., a leading designer and manufacturer of sealing products, for approximately $14.7 million. ...