Real Estate Weekly back issues from January 2007:
The Trump Organization and Cushman & Wakefield held a luncheon attended by more than 160 members of the Manhattan brokerage community to announce leasing opportunities at Trump Tower.
Jan 03, 2007 ... [ILLUSTRATION OMITTED] Caption: The Trump Organization and Cushman & Wakefield held a luncheon attended by more than 160 members of the Manhattan brokerage community to announce leasing opportunities at Trump Tower. The event was held in Trump Tower's newly constructed marketing ...
Leasing market expected to take a breather in 2007.
Jan 03, 2007; ... With only one new office tower set to open in Manhattan in 2007, market experts predict the city will get the chance to take a well-earned breather after the roller-coaster ride that was 2006. "It's going to be a good year. Even though we're running out of space, we'll probably ...
Istithmar buys $340m share of luxurious Mandarin Oriental.
Jan 03, 2007; ... Istithmar Hotels continues to push the envelope for luxury hotel sales in Manhattan. Just months after snatching up the W Union Square Hotel for $235 million, the Dubai-based company is negotiating a deal to buy a $340 million chunk of the Mandarin Oriental on Columbus Circle. ...
Metlife signs 400,000 s/f lease.
Jan 03, 2007; ... MetLife has finally completed its deal for hundreds of thousand of s/f at 1095 Avenue of the Americas, months after it entered into talks to take the space and for rents roughly $10 higher per s/f than what it had originally negotiated to pay. Written reports put the size of the ...
Carl Weisbrod, president, Real Estate Division for Trinity Church, spoke on The Downtown Market and The World Trade Center at the B'nai B'rith Real Estate Unit monthly luncheon meeting at the Cornell Club in New York.
Jan 03, 2007 ... [ILLUSTRATION OMITTED] Caption: Carl Weisbrod, president, Real Estate Division for Trinity Church, spoke on The Downtown Market and The World Trade Center at the B'nai B'rith Real Estate Unit monthly luncheon meeting at the Cornell Club in ...
New owners to invest $52m improving Brooklyn complex.
Jan 03, 2007 ... Making a commitment to affordability extending over a period of at least 33 years, The Arker Companies and The Domain Companies have purchased Spring Creek Gardens, a 582-unit affordable housing complex located in Brooklyn's East New York neighborhood. The new owners will ...
BCD leads restaurants in 2007 Manhattan invasion.
Jan 03, 2007; ... Andrew Moger and his team at Branded Concept Development are gearing up to work their magic for trendy Pan-Asian vegetarian eatery, Zen Palate. The celebrity haunt developed by Buddhist vegetarians to fill the void of quality Asian-based vegetarian food in the early 1990s has ...
Economy's soft landing will balance real estate markets: Grubb & Ellis.
Jan 03, 2007 ... Grubb & Ellis Company has released its 2007 Global Real Estate Forecast, which indicates that the U.S. commercial real estate leasing markets should continue to improve as construction remains in check and the economy grows enough to fuel continued business and global trade expansion. ...
Herrick, Feinstein LLP.(appointments)(Brief article)
Jan 03, 2007 ... Herrick, Feinstein LLP announced the promotion of four real estate attorneys to partner; former counsel Dennis W. Sughrue, former associates Patrick J. Dussol, Laurie A. Grasso and Bradley Turk. Sughrue has experience representing clients in sales and acquisitions, leasehold ...
The Flatiron/23rd Street Partnership: Jennifer A. Brown.(WHO'S NEWS)
Jan 03, 2007 ... The Flatiron/23rd Street Partnership, Business/Improvement District (BID), announced the hiring of Jennifer A. Brown as executive director. Before joining the BID, Brown served as a principal at A2B Consulting, LLC, providing management counseling to public sector and ...
The Flatiron/23rd Street Partnership: Scott Kimmins.(appointment of Scott Kimmins as director )(Brief article)
Jan 03, 2007 ... The Flatiron/23rd Street Partnership, Business Improvement District (BID), announced the appointment of former NYPD officer Scott Kimmins to director of operations As part of his long list of responsibilities, Kimmins will oversee safety and the new sanitation initiatives. ...
Dornoch Holdings LLC.(appointment of Robert Hutchinson as vice president)(Brief article)
Jan 03, 2007 ... Dornoch Holdings LLC has announced the hiring of Robert Hutchinson as vice president. Hutchinson's experience includes the North Jersey Transportation Planning Authority, where he was involved in transportation corridor planning, freight planning and brown fields analysis. ...
ConEdison Solutions.(appointment of Jim Dixon as vice president )(Brief article)
Jan 03, 2007 ... ConEdison Solutions announced the assignment of Jim Dixon as vice president of Energy Services. Dixon will be responsible for developing and delivering energy-based performance contracts and demand-side energy solutions for government, institutional, commercial and industrial clients. ...
The Staubach Company.(appointment of Jon M. Compitello )(Brief article)
Jan 03, 2007 ... The Staubach Company announced the hiring of Jon M. Compitello as associate in its industrial services division. Compitello will be a part of the New Jersey industrial services group, and will concentrate on servicing clients ...
Katz & Associates Corporation.(WHO'S NEWS)
Jan 03, 2007 ... Katz & Associates Corporation announced that Julie Gardner has been promoted to vice president, Southeast Region. Gardner ...
Schonbraun McCann Group (SMG).(WHO'S NEWS)
Jan 03, 2007 ... Richard S. Hauer has joined The Schonbraun McCann Group (SMG) as a partner and will lead its expanded Restructuring & Bankruptcy Services practice. Prior to joining SMG, Hauer was co-founder and principal of Gemini Realty Advisors, LLC. He also has worked extensively with major ...
CRESA Partners.(WHO'S NEWS)
Jan 03, 2007 ... CRESA Partners announced the appointment of Robert D. Rencarge as senior advisor in its Paramus, New Jersey, office. Rencarge previously served in a senior-level position at Colliers Houston & Co. where he specialized in corporate client services Before entering the commercial ...
Jon E. Sabrowksi, senior vice president and Louis N. Zuckerman, vice president at GVA Williams' Stamford, Connecticut office have been awarded the Certified Commercial Investment Member (CCIM) designation by the CCIM Institute.(WHO'S NEWS)
Jan 03, 2007 ... Jon E. Sabrowksi, senior vice president and Louis N. Zuckerman, vice president at GVA Williams' Stamford, Connecticut office have been awarded the Certified Commercial Investment Member (CCIM) designation by the CCIM Institute. The CCIM designation is awarded to commercial real ...
Paragon Group LLC.(appointment of James Coogan as vice president )(Brief article)
Jan 03, 2007 ... James Coogan has joined Paragon Group LLC as vice president of real estate services. Prior to joining Paragon Group, Coogan was a sales associate in the Woodbury office of CB Richard Ellis. Prior to joining CBRE, Coogan served as director of Real Estate Services for USI Real ...
Weichert, Realtors[R].(WHO'S NEWS)
Jan 03, 2007 ... WEICHERT, REALTORS[R] announced that broker/owner John L. Petsco, Jr., e-PRO, CRB, has been accepted as a candidate for the designation of Certified Commercial Investment Member (CCIM) from the CCIM Institute. ...
Sonnenblick Goldman.(Sales)
Jan 03, 2007 ... Sonnenblick Goldman announced the sale of Grand Birmingham Associates, L.P.'s Airport Highway Park to Mill Managment. Located on 34 acres of prime industrial land between Downtown Birmingham and the Birmingham International Airport, the six-warehouse complex a 100% leased industrial ...
Massey Knakal Realty Services.(Sales)
Jan 03, 2007 ... Massey Knakal Realty Services announced the following transactions: * The sale of a two-story industrial building at 31 Beaver Street in Brooklyn's Bushwick neighborhood for $525,000. The property contains approximately 2,500 s/f including a gated open space that can be used for ...
Metro Commercial Real Estate, Inc. has been named exclusive leasing agent by The Waiters Group for the 650,000 s/f retail component of Stafford Park.(Agents)
Jan 03, 2007 ... Metro Commercial Real Estate, Inc. has been named exclusive leasing agent by The Waiters Group for the 650,000 s/f retail component of Stafford Park. The mixed-use redevelopment is to be built on the site ...
Cushman & Wakefield announced its appointment to sell 100 West Putnam Avenue in Greenwich, Conn., a 160,000 s/f Class-A office property owned and fully occupied by UST Inc.(Agents)
Jan 03, 2007 ... Cushman & Wakefield announced its appointment to sell 100 West Putnam Avenue in Greenwich, Conn., a 160,000 s/f Class-A office property owned and fully occupied by UST Inc.. 100 West Putnam Avenue contains four stories of office space over covered parking on 2.74 acres. The property, which ...
Besen Retail announced that it has been selected as the new exclusive agent for 3450-3456 Broadway in Manhattan.(Agents)
Jan 03, 2007 ... Besen Retail announced that it has been selected as the new exclusive agent for ...
Dolgin's $61m purchase marks family's second foray into Philly.(On the Real Estate Scene)(Dolgin Family )
Jan 03, 2007 ... An entity of The Dolgin Family has acquired the 650,000 s/f Spring Mill Corporate Center at 1100 East Hector Street in the Philadelphia suburb of Conshohocken, PA in a $61 million transaction. Formerly the headquarters of the Lee Tire and Rubber Co., the facility underwent a ...
Rosenberg ready to roll up her sleeves for group: Deborah Rosenberg, director of business development, Greenman-Pedersen, Inc.(PROFILE OF THE WEEK)
Jan 03, 2007 ... Deborah Rosenberg understands that "business is all about relationships." The newly-elected president of the New York Chapter of the Society for Marketing Professional Services [SMPS], Rosenberg has built her career in marketing by forging strong relationships, not only with clients, but ...
Mack-Cali Corp. closes on Merrill's Hudson lease.
Jan 03, 2007 ... Mack-Cali Realty Corporation has confirmed the previously reported 236,000 s/f deal with financial giant, Merrill Lynch & Co., Inc. The company has expanded and extended its lease and will now occupy 236,350 s/f of space on a long-term basis at 101 Hudson Street in Jersey City, ...
Hospitality group buys Colony Inn.
Jan 03, 2007 ... The 86-room Colony Inn located on the campus of Yale University here has been acquired by Hospitality 3, hotel development specialists with offices in Washington, Conn. and Manhattan. The company has temporarily closed the 46-year-old facility to permit a comprehensive ...
Gary Green, CEO of Alliance Building Services, and Michael Romano, director of operations & engineering for Williams Real Estate, were honored at the Starlight Starbright Children's Foundation's annual golf outing, held at the Mill River Golf Club.
Jan 03, 2007 ... [ILLUSTRATION OMITTED] Caption: Gary Green, CEO of Alliance Building Services, and Michael Romano, director of operations & engineering for Williams Real Estate, were honored at the Starlight Starbright Children's Foundation's annual golf outing, held at the Mill River Golf ...
Travel mag takes 32,000 s/f space.
Jan 03, 2007 ... Newmark Knight Frank managing director Robert Eisenberg and senior managing director Lee Kosmac represented Northstar Travel Media, LLC in its lease of 32,000 s/f of office space at 100 Lighting Way in Secaucus, N.J. Northstar Travel Media, one of the leading publishers in the ...
Collins Group buys apartment portfolio.
Jan 03, 2007 ... Ari Parnes, managing director of Collins Group LLC, announced the group's acquisition of three Alabama communities from Colonial Properties Trust. The 2,284-unit Colonial Properties Portfolio in Birmingham and Huntsville was a boon of some $155 million. GE Capital provided ...
C&W markets world's most desirable corporate address.
Jan 03, 2007 ... Cushman & Wakefield announced it has been awarded the exclusive office leasing agency for Trump Tower, the 58-story Plaza District gem located at 725 Fifth Ave. Cushman & Wakefield brokerage professionals Paul Glickman and Jared Horowitz, and Diana Biasotti of the firm's ...
JLL to lease 38,000 s/f Lincoln Highway offices.
Jan 03, 2007 ... Jones Lang LaSalle announced that it has been named exclusive leasing agent for 75 Lincoln Highway in Iselin, New Jersey. Jones Lang LaSalle's executive vice president Paul Giannone and vice president Kevin Carton will lead this assignment. 75 Lincoln Highway is a ...
NYCREW celebrates anniversary.
Jan 03, 2007 ... More than 125 members and guests recently celebrated the fifth anniversary of New York Commercial Real Estate Women (NYCREW Network) at the group's Winter Networking Gala at Bryant Park Grill in Manhattan. The evening event recognized the many successes NYCREW and its members ...
GHP inks 42,000 s/f deal in Princeton.
Jan 03, 2007 ... 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 ...
C&W tapped to sell UST building in Greenwich, CT.
Jan 03, 2007 ... Cushman & Wakefield announced its appointment to sell 100 West Putnam Avenue in Greenwich, Conn., a 160,000 s/f Class-A office property owned and fully occupied by UST Inc. UST will relocate from 100 West Putnam Avenue by the third quarter of 2007 to 6 High Ridge Park in ...
Chemical Corp. buys Norwalk condominium.
Jan 03, 2007 ... Charkit Chemical Corporation, a specialty chemical company based in Darien, CT has recently purchased a 21,000 s/f condominium interest in Coachworks Condominium, located at 34 Haviland Street, a mixed use Class A office and residential property located in the historic waterfront section ...
Firm signs early renewal at W&M's Metro Center.
Jan 03, 2007 ... Arredondo & Co. has signed an early renewal for its Westy Storage Center headquarters at Metro Center, announces Jeffrey H. Newman, executive vice president of W&M Properties, the marketing and management agent for the building. Newman and assistant vice president Kathleen A ....
Cosmetics company stays at S. Brunswick facility.
Jan 03, 2007 ... Jones Lang LaSalle announced that Medicia Corporation has renewed its lease at 138 Georges Road, a 102,108 s/f industrial building situated on a 15-acre site in South Brunswick, New Jersey. Jones Lang LaSalle leasing specialist Brian Cass in the firm's Parsippany office and ...
Russo keeps growing in Garden State.(Russo Development)(Brief article)
Jan 03, 2007 ... Russo Development is expanding its market penetration into Morris County New Jersey with the recent acquisition of a 45-acre land parcel in Rockaway, New Jersey. The company, whose portfolio consists of mostly Class A, flex properties in Bergen County, is continuing to expand ...
Goldstein wins exclusive to lease new retail center.
Jan 03, 2007 ... Chuck Lanyard, principal and director of brokerage services at New Jersey's Goldstein Group has announced that the company has been named as the exclusive leasing agent for The Foundry in Trenton, New Jersey, a new entertainment-based retail center. Performa Trenton LLC has ...
Firm takes 34,000 s/f warehouse/office space.
Jan 03, 2007 ... Russo Development, LLC recently completed a 34,253 s/f lease at 115 Moonachie Avenue, a 168,800 s/f warehouse and office facility in Moonachie, New Jersey on behalf of Recall Total Information Management, Inc. Michael J. Pembroke, senior vice president--leasing and marketing, ...
Empire State Building wins Energy Star designation.(Brief article)
Jan 03, 2007 ... Add another enviable distinction to the resume of the world's most famous office building. The Empire State Building is now an "ENERGY STAR Partner." The highly coveted designation means that the iconic office tower is contributing to a healthier environment through the use of ...
Carlton arranges $200m financing for Dallas buy.(Metropolitan Real Estate Investors LLC)(Brief article)
Jan 03, 2007 ... Carlton Advisory Services' chairman Howard L. Michaels announced that Carlton has arranged $200 million of senior financing on behalf of Haim Revah and Metropolitan Real Estate Investors, LLC, for their acquisition of Bank One Center, located in the central business district of Dallas, ...
Sterling enters Chicago market with $113m buy.(Sterling American Property Inc)(Brief article)
Jan 03, 2007 ... A joint venture partnership of Sterling American Property Inc. and Lincoln Property Company announced the acquisition of 200 West Adams in Chicago's West Loop office market for $113.75 million. Sterling American plans on investing an additional $7 million in capital upgrades and ...
Acquisition demonstrates the power of tax incentives.
Jan 03, 2007; ... As we all know, three of the key elements to making a sound real estate investment are location, location, location. The value of a real estate transaction often goes beyond the price of the property which is bought or sold. For many businesses, a particular location is an ...
City on track to attract 50 million tourists by 2015.
Jan 03, 2007 ... Mayor Michael R. Bloomberg announced that an estimated 44 million people from around the country and the world visited New York City in 2006. The total surpasses the 41 million tourists that were estimated to have visited the City in 2005 at this time last year. It also tops the ...
CBRE acquires Hawaiian affiliate.(mergers and acquisitions)(CB Richard Ellis Group Inc)
Jan 03, 2007 ... CB Richard Ellis Group, Inc. has acquired CBRE Hawaii, its longtime affiliate office. CBRE Hawaii is the leading full-service commercial real estate services company in Hawaii. It was responsible for more than 440 lease and sales transactions valued at nearly $450 million in ...
CCR announced that Barbara Paca Enterprises DBA Town & Country Gardens, has leased a retail store 550 s/f with basement approximately 600s/f at 437 East 12th Street.(New York)
Jan 03, 2007 ... CCR announced that Barbara Paca Enterprises DBA Town & Country Gardens, has leased a retail store 550 s/f with basement approximately 600s/f at 437 East ...
Bostick Realty announced the representation of Preferred Media, Inc in its move from 518 West 36th Street to 344 West 38th Street into a 3,500 s/f space with asking price of $25 per s/f.(New York)
Jan 03, 2007 ... Bostick Realty announced the representation of Preferred Media, Inc in its move from 518 West 36th Street to 344 West 38th Street into a 3,500 s/f space ...
SageGroupAssociates announced that GeoCapital, LLC signed a 3-year lease for 3,200 s/f on the 24th floor of 747 Third Avenue.(New York)
Jan 03, 2007 ... SageGroupAssociates announced that GeoCapital, LLC signed a 3-year lease for 3,200 s/f on the 24th floor of 747 Third Avenue. Managing ...
Winoker Realty Company announced the completion of a 2,500 s/f lease at 137 Greene Street.(New York)
Jan 03, 2007 ... Winoker Realty Company announced the completion of a 2,500 s/f lease at 137 Greene Street. Broker, Arnold Shlansky, negotiated ...
NAI Long Island (Roslyn Heights) in conjunction with NAI Olympia Partners (Indianapolis) announced the negotiation for the lease of a 54,120 s/f warehouse facility at Plainfield, Indiana for Associated Global Systems.(New York)
Jan 03, 2007 ... NAI Long Island (Roslyn Heights) in conjunction with NAI Olympia Partners (Indianapolis) announced the negotiation for the lease of a 54,120 s/f warehouse facility at ...
Adams & Co. Real Estate announced the seven-year, 1,559 s/f retail lease at 463 Seventh Ave. for Galina's Center Inc.(New York)
Jan 03, 2007 ... Adams & Co. Real Estate announced the seven-year, 1,559 s/f retail lease at 463 Seventh Ave. for ...
Besen Retail.(Besen and Associates Inc.)(Brief article)
Jan 03, 2007 ... Besen Retail announced the following leases: * A 10 year lease for 1,125 s/f at 647 East 11th Street in Manhattan for a Tuscan/Mexican Restaurant. * A ...
Sinvin Realty announced the leasing of the fifth floor of a five-story TriBeCa loft building at 62 White Street between Broadway and Franklin Place.(New York)
Jan 03, 2007 ... Sinvin Realty announced the leasing of the fifth floor of a five-story TriBeCa loft building at 62 White Street between Broadway and Franklin Place. The 5,000 s/f space is being leased by? What If! The Innovation Company, who is finishing the last ...
Winoker Realty Company announced the completion of a 5,000 s/f lease at 158 West 29th Street.(New York)
Jan 03, 2007 ... Winoker Realty Company announced the completion of a 5,000 sdf lease at 158 West 29th Street. Fleming-Lee Shue, Inc. will occupy the ninth floor of ...
Miller & Partners announced the long-term, 2,750 s/f lease for Brand Connections LLC, to occupy the 20th floor at 561 Seventh Avenue.(New York)
Jan 03, 2007 ... Miller & Partners announced the long-term, 2,750 s/f lease for Brand Connections LLC, to occupy the 20th floor at 561 Seventh Avenue. Marc Miller, ...
Cohen and Company Inc., Real Estate announced that it has completed the new retail space lease at the Plaza 12 Shopping for a new 5-year lease to Asian Food Products for 2,650 s/f located at 835 Roosevelt Avenue in Carteret, New Jersey.(New Jersey)
Jan 03, 2007 ... Cohen and Company Inc., Real Estate announced that it has completed the new retail space lease at the Plaza 12 Shopping for a new 5-year lease to Asian Food ...
Weiss Realty announced that it has arranged a long-term lease with North Fork Bank in Westwood, NJ.(New Jersey)
Jan 03, 2007 ... Weiss Realty announced that it has arranged a long-term lease with North Fork Bank in Westwood, NJ. The bank will lease 2,980 s/f on 1/2 acres on the corner of Broadway and Irvington Street and will include two remote drive thru bank stations. Construction of the ...
Charter Realty & Development Corp.(Connecticut)
Jan 03, 2007 ... Charter Realty & Development Corp. announced the following leases: * Merrimack Village Center in Merrimack, New Hampshire, located at Continental Boulevard & Camp Sargent Road. The 91,692 s/f center has tenants that include Shaw's, Supercuts and Quizno's. Spaces starting at ...
Around town: events seminars meetings talks.(Calendar)
Jan 03, 2007 ... NYREI Course Dec. 27-Jan. 7: New York Real Estate Institute is offering the 45-hour New York Real Estate Broker's course. This class is scheduled to meet during the days from 9:15a.m. to 5:00p.m. at the NYC location, 139 West 35th St. Call (212) 967-7508 or richard@ nyrei.com. ...
The 18th Annual Residential Deal of the Year Awards & Charity Gala.
Jan 03, 2007 ... The 18th Annual Residential Deal of the Year Awards & Charity Gala celebrated, "The City In Rhythm" on October 19th at The Copacabana. This year's award winners were: Julie Pham, Company, Corcoran Group, Most Promising Rookie Salesperson of the Year, Joseph Barbaccia, Joseph Gregory Inc., ...
Boards working down debt help NCB's record numbers.
Jan 03, 2007 ... NCB, the leading provider of financing to New York housing cooperatives, originated more than $94 million in financing during November for 18 New York area properties. The financings included $83.9 million in first mortgages and $8.8 million in lines of credit. "Financing ...