Real Estate Weekly back issues from December 2006:
The New School honored John L. Tishman, chairman and CEO of Tishman Realty & Construction Co., Inc. and vice chair of the Board of Trustees of The New School, at its 2006 LaGuardia Award Dinner on Wednesday, November 15, at the Mandarin Oriental New York.
Dec 06, 2006 ... [ILLUSTRATION OMITTED] Caption: The New School honored John L. Tishman, chairman and CEO of Tishman Realty & Construction Co., Inc. and vice chair of the Board of Trustees of The New School, at its 2006 LaGuardia Award Dinner on Wednesday, November 15, at the Mandarin Oriental ...
C&W in talks with suitors.
Dec 06, 2006; ... Real estate giant, Cushman & Wakefield, has been in talks with Italian investment trust, IFIL, over a possible buy-out from parent company, Mitsubishi Estate Co. On Tuesday, the firm issued a statement confirming talks had taken place with the holding company owned by Italy's ...
Mills' $485m Xanadu write-off.
Dec 06, 2006; ... The Mills Corporation will have to write off more than it originally expected in its recapitalization of Meadowlands Xanadu, a multibillion sports and entertainment themed shopping center whose finances the company was forced to recapitalize after the project's construction costs ballooned ...
Silverstein reflects on year that changed course of WTC.
Dec 06, 2006; ... In-so-much as a memorial can preserve an event in the consciousness of all who look at it, the World Trade Center site had become a perverse monument of remembrance by the start of the year. It was the great open wound that wouldn't heal, whose imperviousness to all the ...
Reckson says no to Carl Icahn.
Dec 06, 2006; ... Reckson Associates shareholders are expected to accept a controversial $4 billion bid for the firm from SL Green at a special meeting being held in New York today (Wednesday) after the firm's board of directors rejected a rival offer from investor Carl Icahn's American Real Estate ...
SL Green ramps up portfolio with series of midtown deals.
Dec 06, 2006; ... As it continues to fend off a rival bid for the Reckson portfolio from renegade investor, Carl Ichan, SL Green has been busy ramping up its own stock in the city, announcing investments in several midtown propertiers. The REIT also raised its quarterly dividend by 16.7%--its ...
Hilton leases Met Tower floors for new timeshare sales center.
Dec 06, 2006 ... In what is considered the "kickoff" to a major repositioning of one of Manhattan's iconic mixed-use buildings--the 78-story Metropolitan Tower, an ultra-sleek black glass office and condominium residence at 142 West 57th Street--owner L&L Holding Company, LLC has announced that Hilton ...
Hakimian flies below radar to sell coveted Mad corner.
Dec 06, 2006; ... The 62,000 s/f office tower on the coveted corner of Madison Avenue and 49th Street has quietly traded hands in an off-market deal arranged by Ivan Hakimian, of Itzhaki Properties. The sixteen-story office building at 424 Madison was sold for $31 million, or approximately $500 psf, with ...
Cushman & Wakefield.(WHO'S NEWS)
Dec 06, 2006 ... Cushman & Wakefield announced the promotions of Eric Lewis and Mark Capasso in their Valuation Services' Hospitality and Gaming Group. Lewis, previously a senior director, has been promoted to managing director. Lewis spent the past 14 years of his career with Cushman & ...
The Empire State Building.(WHO'S NEWS)(appointment of Lawrence F.P. Mannion as new director )(Brief article)
Dec 06, 2006 ... The Empire State Building announced the hiring of deputy chief, Lawrence F.P. Mannion, as their new director of security. In his new capacity, Mannion will direct the planning, implementation, and management of physical security in support of the core business at the Empire State Building ....
Coldwell Banker Hunt Kennedy.(WHO'S NEWS)(appointment of Andrew Lampach as website manager)(Brief article)
Dec 06, 2006 ... Coldwell Banker Hunt Kennedy (CBHK) announced that Andrew Lampach has joined the company as website manager. Lampach brings five years of Internet and IT experience to his new position. In his new role, Lampach will serve as liaison between CBHK and the 13 web sites it uses for listings ....
Studley.(WHO'S NEWS)(appointments)(Brief article)
Dec 06, 2006 ... Studley has hired Craig Engelhardt and Adam Petrillo, managing directors, to run the group's Supply Chain Practice. Both Engelhardt and Petrillo joined Studley after working with Stockholm-based Establish, AB. Engelhardt has been a supply chain/ logistics management consultant ...
Reed Smith LLP.(WHO'S NEWS)
Dec 06, 2006 ... Reed Smith LLP announced the addition of three partners. James Tandler, Patrick de Carbuccia and Michael Pollack will be resident in the firm's New York office. Tandler, joins its Tax Group; Carbuccia joins its Corporate & Securities Group; and Pollack joins the firm's Real Estate ...
Union Square Partnership.(appointments)(Brief article)
Dec 06, 2006 ... The Union Square Partnership (USP) Board of Directors announced the appointment of Jennifer E. Falk, currently first deputy press secretary for Mayor Michael R. Bloomberg and spokeswoman for Deputy Mayor of Economic Development and Rebuilding Daniel L. Doctoroff, as executive director. In ...
The Corcoran Group.(WHO'S NEWS)
Dec 06, 2006 ... The Corcoran Group announced the appointment of Louis DiCriscio as senior vice president and chief financial officer. DiCriscio will be responsible for leading the company's finance, accounting and strategic planning. DiCriscio is the former vice president and CFO for Daiichi ...
CB Richard Ellis.(WHO'S NEWS)(appointment of David Zelinski as senior associate)(Brief article)
Dec 06, 2006 ... The Long Island office of CB Richard Ellis has promoted David Zelinski to senior associate. The announcement follows Zelinski recently being named "CBRE's 2005 "Top Long Is land Associate of the Year." Since joining CBRE in 2002, Zelinski has represented both tenants and ...
Castle Oil Corporation.(WHO'S NEWS)
Dec 06, 2006 ... Mark Valenti has joined Castle Oil Corporation as an account executive. Valenti's prior experience in the fuel oil industry includes sales ...
Studley announced the promotion of Stephen Goldstein to vice chairman, U.S. Operations.(WHO'S NEWS)(promotion of Stephen Goldstein )(Brief article)
Dec 06, 2006 ... Studley announced the promotion of Stephen Goldstein to vice chairman, U.S. Operations. In this position, he will oversee Studley's domestic operation, as well as work with senior management on the firm's strategic growth. A 34-year Studley veteran, Goldstein most recently held ...
Eastern Consolidared represented both the buyer and the seller in the sale of a two-story 3,810s/f mixed-use building which occupies an entire block front in the West Village for $5m dollars.(Sales)(Eastern Consolidated Properties Inc)(Brief article)
Dec 06, 2006 ... Eastern Consolidated represented both the buyer and the seller in the sale of a two-story 3,810s/f mixed-use building which occupies an entire block front in the West Village for $5M dollars. Brian Ezratty, vice chairman, and Ronda Rogovin, senior director, represented the seller. ...
Mitchell Friedman, vice president of Investment Sales at Pliskin Realty & Development was the sole broker in the $2,475,000 sale of a 9,500s/f strip shopping center in Babylon, New York.(Sales)
Dec 06, 2006 ... Mitchell Friedman, vice president of Investment Sales at Pliskin Realty & Development was the sole broker in the $2,475,000 sale of a 9,500s/f strip shopping ...
Eric S. Goldschmidt, and Laurence London of Goldschmidt & Associates Associates announced the following exclusives.(Agents)(Brief article)
Dec 06, 2006 ... Eric S. Goldschmidt, and Laurence London of Goldschmidt & Associates announced the following exclusives: * 2 Madison Avenue, Larchmont--32,000s/f 2 level elevator building across from the Larchmont train station. Zoned for ...
GVA Williams New Jersey announced that it has been named the exclusive leasing agent for 1705 Route 46 in Roxbury, New Jersey.(Agents)
Dec 06, 2006 ... GVA Williams New Jersey announced that it has been named the exclusive leasing agent for 1705 Route 46 in Roxbury, New Jersey. GVA Williams assistant vice president Lori Zuck will be responsible for this leasing assignment. 1705 Route 46 is a ...
Besen Associates' Ron Cohen and Jackie Himmelstein have been awarded the exclusive contract to market the property at 41-43 East 7th Street, between 2nd and 3rd Avenues.(Agents)
Dec 06, 2006 ... Besen Associates' Ron Cohen and Jackie Himmelstein have been awarded the exclusive contract to market the property at 41-43 East 7th Street, between 2nd ...
Financial architect Fefferman makes impossible possible.(PROFILE OF THE WEEK: Arthur Fefferman, president, AFC Realty Capital)
Dec 06, 2006 ... With over 30 years of experience in the financing industry, Arthur Fefferman, president of AFC Realty Capital, has developed a strong reputation as a leader and innovator in the New York City marketplace. From modest beginnings on Wall Street to the formation of his own ...
Repositioned 485 Lex attracts three more top-flight tenants.
Dec 06, 2006 ... SL Green Realty Corp. announced that it has signed new leases with Nortel Networks, Imperial Capital, LLC and Sheresky, Aronson and Mayefsky LLP respectively at Grand Central Square's 485 Lexington Avenue. The new leases total 54,656 s/f. Covering three full floors, these ...
Shop talk reaches warp speed.
Dec 06, 2006; ... Choosing a career in real estate is choosing a fast-pace lifestyle, where it's not always what you know, but who you know. Making those connections hasn't always been easy ... until now. The RE Speed Network group specializes in organizing effective speed networking functions ...
Business Center sold for $28m.(Bristol Industrial Associates LLC)(Brief article)
Dec 06, 2006 ... Jeffrey Dunne, Patrick Bisceglia and Jeffrey Oram of CB Richard Ellis' New York Tri-State Investment Team recently collaborated with William Bronson of CBRE's Hartford office to represent Bristol Industrial Associates LLC, an entity controlled by the Praedium Group, LLC, in the sale of the ...
Marketing leader leases 42,000 s/f in Princeton expansion.
Dec 06, 2006 ... GHP Office Realty, the owner, developer and manager of 29 Thanet Circle in Princeton, New Jersey is reporting the completion of a significant long term new lease with Church & Dwight. The tenant, which has its corporate headquarters next door on Harrison Street, committed to all ...
SL Green seeing Starz at 521 Fifth Avenue.(Starz Media LLC)(contracts)(SL Green Realty Corp)(Brief article)
Dec 06, 2006 ... SL Green Realty Corp. announced that Starz Media LLC, the programming production and distribution company which includes the Film Roman, Anchor Bay Entertainment, and Manga Entertainment brands signed a new seven-year lease for its New York headquarters covering 12,394 s/f at 521 Fifth ...
Gridlock Sam stalls at historic Cable Building.
Dec 06, 2006 ... Sam Schwartz Engineering PLLC (SSC) has renewed its lease at 611 Broadway in the Cable Building. SSC, a multi-disciplinary traffic and transportation engineering and planning firm headquartered in New York City, has called Suite 415 of The Cable Building home for the past decade. ...
Law firm adds 20,000 s/f as midtown practice continues to grow.
Dec 06, 2006 ... Olshan Grundman Frome Rosenzweig & Wolosky LLP announced a nearly 30% expansion of its midtown office and the addition of eight new attorneys to its corporate, litigation and real estate practices. The firm announced that it has added 20,000 s/f of contiguous space at its Park ...
Rare species on the block.(two-story property to be sold)(Brief article)
Dec 06, 2006 ... A rare species in New York City's office market--a 20,000 s/f, free-standing building on a high-traffic thoroughfare in a busy neighborhood--is on the selling block, according to Sholom & Zuckerbrot chairman Sanford Zuckerbrot. The fully renovated two-story property, in move-in ...
Randy Levine, president of the New York Yankees presented YM/WREA members and guests with the new vision for Yankee Stadium at the organization's November luncheon.
Dec 06, 2006 ... [ILLUSTRATION OMITTED] Caption: Randy Levine, president of the New York Yankees presented YM/WREA members and guests with the new vision for Yankee Stadium at the organization's November luncheon. Jerry L. Cohen, partner of Yankee Global Enterprises, introduced Levine who ...
Besen team has food for thought.(Besen and Associates Inc.)(Brief article)
Dec 06, 2006 ... Besen & Associates' Ron Cohen and Jackie Himmelstein have been awarded the exclusive to market the property at 41-43 East 7th Street, between 2nd and 3rd Avenues in Greenwich Village on the same block as the fabled McSourley's Ale House, and just up the street from Cooper Square. ...
Woodbury LI office building fits insurance giant's logistical needs.
Dec 06, 2006 ... The Long Island office of CB Richard Ellis arranged a 25,356 s/f lease for Nationwide Mutual Insurance Company at 45 Crossways Park Drive in Woodbury, NY. Recognized as one of the largest insurance and financial services company in the world, Nationwide will house its claims ...
Green's 12,000 s/f deal at One Mad.(Situsreal NY Inc)(Brief article)
Dec 06, 2006 ... SL Green Realty Corp. has completed a new 10-year lease agreement at One Madison Avenue with Situsreal NY, Inc, a consulting firm specializing in due diligence in connection with real estate acquisitions and financing. The new lease for part of the fifth floor covers 12,064 s/f. ...
Newmark Knight Frank report predicts another good year.
Dec 06, 2006 ... Continued economic growth, coupled with a moderate amount of new inventory, bodes well for the health of a number of major office markets in the U.S. during 2007, according to a recent report released by the research unit of global real estate services provider Newmark Knight Frank. ...
The National Realty Club lunch meeting held recently at The Williams Club featured Michael Berman, vice president leasing of Equity Office Properties who discussed the acquisition, rebranding and repositioning of major Manhattan office structures, including the Verizon and Bertelsmann Buildings.
Dec 06, 2006 ... [ILLUSTRATION OMITTED] Caption: The National Realty Club lunch meeting held recently at The Williams Club featured Michael Berman, vice president leasing of Equity Office Properties who discussed the acquisition, rebranding and repositioning of major ...
Bank taps C&W to manage portfolio.
Dec 06, 2006 ... Wachovia Bank N.A. has retained Cushman & Wakefield, Inc. to manage its Atlantic Regional portfolio, announced Don Cook, managing director. The portfolio includes 30 office and data center locations totaling 3.2 million square feet throughout the New York/New Jersey/Connecticut tri-state ...
Building & Land Technology buys 60,000 s/f CT corporate center.(mergers and acquisitions)(Brief article)
Dec 06, 2006 ... Building and Land Technology announced its newest acquisition, the former corporate headquarters of Vectron, Inc. located at 166 Glover Avenue in Norwalk. Vectron, Inc. was represented by Coldwell Banker NRT in the transaction. The building contains approximately ...
Minneapolis-based Thrivent Financial for Lutherans announced the leasing of 980 s/f at 800 Veteran's Memorial Hwy, Hauppauge, NY.(New York)(contracts)(Brief article)
Dec 06, 2006 ... Minneapolis-based Thrivent Financial for Lutherans announced the leasing of 980 s/f at 800 Veteran's Memorial Hwy, Hauppauge, NY. The deal was negotiated by Philip Wachtler, principal of Wachtler Knopf Equities LLC, the leasing and managing agent for the complex. The Woodlands ...
Branded Concept Development (BCD) announced that Lenny's has signed a 12-year lease for 1,600 s/f plus an outdoor garden, at 613 9th Avenue in Manhattan.(New York)
Dec 06, 2006 ... Branded Concept Development (BCD) announced that Lenny's has signed a 12-year lease for 1,600 s/f plus an outdoor garden, at 613 9th Avenue in Manhattan. Lenny's currently has seven ...
Winoker Realty Company represented Circle Visual, Inc. in its seven-year lease of the 16th floor at the Bricken Arcade Building, 225 West 37th Street.(New York)
Dec 06, 2006 ... Winoker Realty Company represented Circle Visual, Inc. in its seven-year lease of the 16th floor at the Bricken ...
The Goldstein Group.(New Jersey)
Dec 06, 2006 ... The Goldstein Group announced the following leases: * Hackensack--Continental Plaza, 411 Hackensack Avenue at Route 4. MSNW Continental Associates is the landlord of this landmark office complex in Bergen County. T.G.I. Fridays is also located at the site. * ...
Cushman & Wakefield.(Connecticut)
Dec 06, 2006 ... Cushman & Wakefield announced the following leases all at NordenPark, the 630,000 square foot office complex located in Norwalk, Conn.: * Tauck World Discovery, a current NordenPark tenant, leased an additional 11,000 s/f on the second floor, bringing its total occupancy to ...
RKF takes Baby steps.(LEASES)
Dec 06, 2006 ... Robert K. Futterman & Associates, LLC represented Baby Cottons in its lease of 750 s/f at 1236 Madison Avenue, on Manhattan's Upper East Side. RKF director Marc Finkel represented Baby Cottons. Robert Kunikoff of Garrick Aug represented the ownership, Saint David's School. ...
Brooklyn's tight apartment market keeps investment strong.(Brief article)
Dec 06, 2006 ... Employment gains and limited for-sale housing affordability are driving tenant demand for apartments in Brooklyn, but vacancy rates are climbing slightly as developers bring new units online, according to a report by Marcus & Millichap Real Estate Investment Brokerage Company. ...
Studley tells a tale of two cities.(Brief article)
Dec 06, 2006 ... In a stunning turnaround, Downtown Manhattan was New York City's news-making submarket at the end of the third quarter 2006. The market experienced a drop in availability rate to 10.6% from the 14% rate that was reported just one year ago. "For the short term, there are few ...
Brookfield unveils senior staff line-up following Trizec buy.(Brookfield Properties Corp. appoints Joshua J. Sirefman, Ryk Stryland, Sabrina Kanner, Larry Graham, Paul H. Layne, Anthony J. Manos, Paul L. Schulman and Stefan Dembinski )
Dec 06, 2006 ... Brookfield Properties Corporatihas on announced seven senior management appointments in the area of development and in the company's various regions. Joshua J. Sirefman has been named senior vice president, U.S. Development, effective January 2007. Sirefman is ...
C&W LaPage announces Canadian expansion.(Cushman & Wakefield LePage opens new office)(Brief article)
Dec 06, 2006 ... Cushman & Wakefield LePage announced the opening of a new office in London, Ontario. Three of London's top commercial real estate agents have joined the firm, and will work out of the new location in One London Place. Joining the firm are experienced London agents ...
M&T Bank NYC divisoni holds 9th Annual Golf Outing.
Dec 06, 2006 ... The Commercial Real Estate Department of M&T Bank's New York City Division once again proved good links foster food relationships. At its ninth annual golf outing, the CRE Department, headed by senior vice president Sam Giarrusso, hosted more than 150 guests to brunch, a challenging day on ...
CoreNet goes all out to engage industry's top young guns.(CoreNet Global )
Dec 06, 2006 ... With the goal of recruitment, engagement and retention, the CoreNet Global board of directors has sanctioned a strategic initiative to involve young real estate industry professionals in the premier association for corporate real estate and workplace professionals. Indicative of ...
New AREW directors.
Dec 06, 2006 ... The Association of Real Estate Women (AREW) announced its new board of directors for 2006/ 2007. Led by president Anne Teshima, a vice president of Classic Realty LLC, an affiliate of RFR Holding, LLC, the board looks forward to continued growth for AREW and professional ...
C&W's Moscow office inks biggest lease in Russian history.
Dec 06, 2006 ... Cushman & Wakefield Stiles & Riabokoblyko (C&W/S&R), the Moscow office of global real estate consultancy Cushman & Wakefield, has represented Forum Properties, the leading Russian developer, in the leasing of office space in the Hermitage Plaza complex in central Moscow to VimpelCom, ...
RKF is developer's lifestyle choice.
Dec 06, 2006 ... RKF Retail Property Advisors, a division of Robert K. Futterman & Associates that focuses on advising owners of lifestyle retail and mixed-use projects, has been retained as the retail leasing consultant for Nashua Landing in Nashua, New Hampshire on behalf of the project's developers, New ...
Around town: events seminars meetings talks.(Calendar)
Dec 06, 2006 ... B'nai B'Rith Dec.6: Carl Weisbrod, President, Real Estate Division for Trinity Church, will speak at the B'nai B'rith Real Estate Unit to be held at noon at the Cornell Club, 6 East 44th Street, Ivy Room. His topic is "The Downtown Market and The World Trade Center." Call Ms ....
Richard Ravitch to be honored at NYHC awards luncheon.
Dec 06, 2006 ... The New York Housing Conference (NYHC), together with National Housing Conference (NHC), will host more than 1,300 of the nation's most influential figures in banking and real estate, at the organizations' 33rd Annual Awards Luncheon, "It Began in New York: 75 Years of Housing" on Tuesday, ...
Ritter is new IOREBA president.
Dec 06, 2006 ... The Industrial and Office Real Estate Brokers Association (IOREBA) of the New York and Metropolitan Area has announced its 2006-2007 officers. John G.J. Ritter of Sholom & Zuckerbrot Realty, LLC will serve as IOREBA's president. Hal B. Messer of NAI James E. Hanson will serve ...
Sale of the Year award goes to CBRE.(CB Richard Ellis )(Brief article)
Dec 06, 2006 ... CB Richard Ellis received the National Association of Industrial and Office Properties' (NAIOP) "Sale of the Year" Award for Fairfield County at the association's New York City/ Westchester/Fairfield County Chapter's Annual Awards Gala held on November 16th at the Winged Foot Golf Club in ...
Stark Business improves with Third Eye.(Stark Business Solutions, Third Eye Technologies)(Brief article)
Dec 06, 2006 ... Stark Business Solutions and Third Eye Technologies announced an exclusive arrangement in which Third Eye Technologies will provide Stark Business Solutions (SBS) members unlimited IT support for a low monthly fee. Members in both the White Plains and Mount Kisco locations can take ...
First e-home sale closes in Pennsylvania.(TECHNOLOGY)
Dec 06, 2006 ... HomeSale Settlement Services, in collaboration with Simplifile, the Lancaster County Recorder of Deeds and the National Notary Association (NNA), announced the first completely electronic home sale closing in Pennsylvania, revolutionizing the way residential and commercial real estate ...
On the Web.
Dec 06, 2006 ... <Pre> ON THE WEB: Academy for Continuing Education: www.RealEstateAcademy.com Adams & Company Real Estate:www.adamsre.com Alpine Commercial Capital: www.alpinecommercial.com www.alpinecc.com Amerada Hess Corp.: ...
CBRE earns top honors at NAIOP annual awards gala.(CB Richard Ellis)(National Association of Industrial and Office Properties)(Brief article)
Dec 06, 2006 ... CB Richard Ellis (CBRE) took home top honors in the New York/Westchester/Fairfield County Region at this year's National Association of Industrial and Office Properties' (NAIOP) Awards Gala, held on November 16th at the acclaimed Wing Foot Golf Club in Mamaroneck, NY. CBRE ...
Physical therapist grows network of practices.
Dec 06, 2006 ... Moore, a regional leader in physical therapy and sports training, has signed a 9,600 s/f t lease at 37 Danbury Road in Wilton, CT, adding to Moore's regional network in lower Fairfield County. George Walker of Albert B. Ashforth, Inc. represented the Moore exclusively in the ...
Ten Bank Street renewal.(contracts)(Brief article)
Dec 06, 2006 ... Evolution Markets Inc., a cutting edge environmental markets firm, has signed an early renewal and expansion of its lease at Ten Bank Street in White Plains through 2013, according to Jeffrey H. Newman, executive vice president of W&M Properties, the marketing and managing agent for the ...