Real Estate Weekly back issues from April 2007:
Robert F. Kennedy Jr., vice chair of Riverkeeper, and Fred Harris, senior vice president of AvalonBay Communities, at a party for the new 71,000 s/f Whole Foods Market located in the Avalon Chrystie Place apartment building on the Lowest East Side of Manhattan.
Apr 04, 2007 ... Robert F. Kennedy Jr., vice chair of Riverkeeper, (right) and Fred Harris, senior vice president of AvalonBay Communities, (left) at a party for the new 71,000 s/f Whole Foods Market located in the Avalon Chrystie Place ...
L&L planning offices at $500m Toy Center.
Apr 04, 2007; ... Joseph Chetrit has sold off one his International Toy Center buildings at 200 Fifth Avenue for $500 million to L&L Holding Company. Chetrit plans to auction off the second building at 1107 Broadway at a later date, according to a company spokesman. The sale comes following months of ...
ESDC pays $230m for the Farley Post Office.
Apr 04, 2007 ... The Empire State Development Corporation announced that it has acquired the James A. Farley Post Office Building from the United States Postal Service. The post office, a Beaux-Arts style building listed on the national historic register, will now become the gateway to the new Moynihan ...
Tenant victory could spell trouble for developers.
Apr 04, 2007; ... A recent ruling in New York City housing court could provide market rate tenants with the power to resist developers who would evict them to make way for condominiums. The decision came as the result of a lawsuit launched by a collection of tenants at the Sheffield, a rental ...
Sanders disinterest raises questions over Downtown Rail Link's future.
Apr 04, 2007; ... Just two weeks away from the April 12 groundbreaking for the opening phase of construction on the Second Avenue Subway line, Metropolitan Transportation honcho Elliot 'Lee' Sander reiterated how he ranks the city's major transit projects in order of importance. "Right now, we're focused on ...
The Real Estate Board of New York hosted Blackstone Group deal maker David Roth at its March Sales Brokers Committee luncheon.
Apr 04, 2007 ... The Real Estate Board of New York hosted Blackstone Group deal maker David Roth (left) at its March Sales Brokers Committee luncheon. Roth spoke on the recent Equity Office Property Trust purchase in February, the ...
Bassuk family sells residential portfolio for $118m.
Apr 04, 2007 ... Reflecting the growing demand among investors for rental apartment buildings in New York's outer boroughs, Massey Knakal Realty Services, acting on an exclusive basis, has sold the Bassuk Portfolio, 14 apartment buildings in both Brooklyn and Queens, for $118 million. "This ...
Chrysler gig a chance to shine.(Todd Stracci)(Chrysler Building)(Brief article)
Apr 04, 2007; ... GVA Williams' 2006 associate of the year, Todd Stracci, still spends much of his time diligently making cold calls and working marathon hours. But in addition to the normal rigors that go along with breaking into commercial brokerage--or perhaps because of the way he has excelled at ...
Ripco leasing prize retail space.
Apr 04, 2007 ... One of 34th Street's most desirable retail locations--an impressive 40,000 s/f block of space directly across from the Empire State Building--is coming to the market. Presently occupied by Banana Republic, the three-level store, which boasts 67 feet of frontage along the north ...
The Kislak Company, Inc.(WHO'S NEWS)
Apr 04, 2007 ... The Kislak Company, Inc. recently recognized Scott Davidovic, sales associate, with its 2006 Rookie of the Year award ....
Trammell Crow Company.(appointment of Michael Joyce )(Brief article)
Apr 04, 2007 ... Trammell Crow Company announced that Michael Joyce had been promoted senior director of the New York office. He was previously senior vice president specializing in debt and equity placement. Prior to joining Trammell Crow he was ...
Prestige Title.(WHO'S NEWS)
Apr 04, 2007 ... Prestige Title announced that RJ Zaldivia has been hired as assistant vice president of sales, responsible for sales and business development. His background ...
The Institute of Real Estate Management.(WHO'S NEWS)
Apr 04, 2007 ... The Institute of Real Estate Management (IREM[R]), an affiliate of the National Association of Realtors, has named Scott Parker its director of marketing. Parker served most recently as marketing manager for the Joint Commission on Accreditation of ...
Itzhaki Properties.(appointment of Shay Zach )(Brief article)
Apr 04, 2007 ... Itzhaki Properties announced that Shay Zach serves as senior associate. Before joining, Zach served as a real estate specialist at The LeBlanc Organization in Brooklyn where he created partnerships to source, research, assess and acquire properties ...
Margolin, Winer & Evens LLP.(appointment of Thomas Rosenthal)(Brief article)
Apr 04, 2007 ... Margolin, Winer & Evens LLP announced the appointment of Thomas Rosenthal, CPA as partner. Rosenthal previously served as senior manager. Rosenthal serves in the Manufacturing ...
Breslin Realty Development Corp.(WHO'S NEWS)
Apr 04, 2007 ... Breslin Realty Development Corp. announced the addition of Judy Pascucci as manager of acquisitions and development. Pascucci ...
Turett Collaborative Architects.(WHO'S NEWS)
Apr 04, 2007 ... Turett Collaborative Architects announced the promotion of Simeon Seigel to associate at the Tribeca-based firm. Seigel holds a Master of Architecture degree from the Graduate School of Design at Harvard University and ...
City Planning.(appointment of Carol Samol )(Brief article)
Apr 04, 2007 ... City Planning announced that Carol Samol has been appointed as director of their Bronx office. Samol will be responsible for directing urban design and land use policy, guiding housing and economic development and fostering the orderly growth of the borough's neighborhoods, business ...
Cushman & Wakefield.(WHO'S NEWS)
Apr 04, 2007 ... Cushman & Wakefield announced the promotion of Henry J. "Jodie" Dostal to the position of director, Transaction Services, in the firm's Stamford, CT office. Dostal previously held the title of associate director ....
Eastern Consolidated.(promotions)
Apr 04, 2007 ... Eastern Consolidated announced that Alan P. Miller and Roberto F. Ortiz have been promoted to senior directors, and have been named principals of the firm. Since joining Eastern, Miller has worked on a number of significant transactions. Prior to joining, Miller worked with The ...
CBA Commercial, LLC.(appointment of Bryan L. Pollak)(Brief article)
Apr 04, 2007 ... CBA Commercial, LLC has appointed Bryan L. Pollak vice president, national accounts. Pollak will develop strategic alliances with mortgage bankers, depositories and other financial institutions that have a national presence. Before joining, Pollak, was account director, national ...
GE Real Estate.(WHO'S NEWS)
Apr 04, 2007 ... GE Real Estate announced that Debbie Riley has been promoted to managing director, real estate syndications. Riley joined GE in 2001 as Central region director for GE Real Estate's North America Debt organization. She most ...
Jones Lang LaSalle.(WHO'S NEWS)
Apr 04, 2007 ... Jones Lang LaSalle announced it has hired Dennis McConnell and Jodie Matthews as executive vice president and vice president, respectively, for the New Jersey market. McConnell spent the majority of his career as senior director with Cushman & Wakefield, where he was responsible for the ...
Sidley Austin LLP.(WHO'S NEWS)
Apr 04, 2007 ... Sidley Austin LLP announced that Farid Maluf has joined the firm as a real estate partner in its New York office. Maluf advises investment banks, private equity funds, pension fund advisors, and other domestic and foreign financial institutions in ...
Itzhaki Properties announced that the firm is exclusively representing a development site located at 188 Saint George's Crescent in the Bronx, between East 206th Street and Van Cortlandt Avenue East.(Agents)(Brief article)
Apr 04, 2007 ... Itzhaki Properties announced that the firm is exclusively representing a development site located at 188 Saint George's Crescent in the Bronx, between East 206th Street and Van Cortlandt Avenue East. This ...
Marcus & Millichap has announced the sale of a 6-unit shopping plaza located on Linden Boulevard in Brooklyn, NY for $1.675 million.(Sales)
Apr 04, 2007 ... Marcus & Millichap has announced the sale of a 6-unit shopping plaza located on Linden Boulevard in Brooklyn, NY for $1.675 million. The sales price reflects ...
Stanley Mohr has purchased the vacant 21 story apartment building located at 2521 Kingston Pike in Knoxville from the University of Tennessee.(Sales)
Apr 04, 2007 ... Stanley Mohr has purchased the vacant 21 story apartment building located at 2521 Kingston Pike in Knoxville from the University of Tennessee. Bordering on the university campus, the property contains 240 apartments equally divided between one and two bedroom units and a 3 story ...
Madison Park Investors LLC announced the sale of three office buildings in East Orange New Jersey for $10,000,000.(Sales)
Apr 04, 2007 ... Madison Park Investors LLC announced the sale of three office buildings in East Orange New Jersey for $10,000,000. These buildings are ...
Massey Knakal Realty Services.(Sales)
Apr 04, 2007 ... Massey Knakal Realty Services announced the following sales: * A two-story Beaux-Arts limestone building at 949 Park Avenue sold for $6,000,000. The property was delivered vacant and sold for $1,500 per square foot to a Manhattan investor/developer. Broker Tom Gammino ...
Classic moves take Teshima to the top of her profession. (PROFILE OF THE WEEK: Anne Teshima, vice president, Classic Realty & Marketing).(Sales)
Apr 04, 2007 ... Anne Teshima lives a dual--but never dull--life. By day, she is a vice president of Classic Realty and Classic Marketing, where she oversees apartment-to-condominium conversions. Evenings and weekends--and any other time she can borrow--she serves as president of the Association ...
Around town: events seminars meetings talks.(Calendar)
Apr 04, 2007 ... Lecture Apr. 9: The New School will present a lecture by Majora Carter, the MacArthur-winning executive director and founder of Sustainable South Bronx (SSB). Carter will speak on the topic of sustainability and environmental justice at the annual Michael Kalil Lecture on ...
Ivy stakes its claim on Newark with $100m office purchases.(Brief article)
Apr 04, 2007 ... Ivy Equities has staked its claim on Newark's office market by acquiring two prime Class-A properties, spending more than $100 million. The firm purchased 570 Broad Street, a 200,000 s/f, 14-story Class-A office tower located in the North Broad Street business district of ...
Treeline buys trophy property on Wall Street of Long Island.
Apr 04, 2007 ... In a transaction valued at $98.7 million, The Treeline Companies has acquired Franklin Avenue Plaza in partnership with First Point Partners, a New York based real estate investor. The 520,000 s/f four-building commercial complex is located at 1205, 1225, 1305 and 1325 Franklin ...
Taconic partners with ING to buy Bronx apartment complex.
Apr 04, 2007 ... Taconic Investment Partners, in a joint venture with a commingled fund managed by ING Clarion Partners, has purchased the Eastchester Heights apartment complex, a 1,416-unit low-rise, moderate-income development in the Eastchester section of the Bronx, reports Taconic partner Charles ...
Extell buys air rights.
Apr 04, 2007 ... Transferable development rights from 29 West 46th Street in Midtown were sold by Massey Knakal Realty Services in an all-cash transaction valued at $3,450,000. The air rights transfer is part of the ongoing assemblage for the Extell Development's planned Diamond Exchange ...
State of Israel Bonds.(appointments)(Brief article)
Apr 04, 2007 ... State of Israel Bonds has named Melissa Brause, vice president of Brause Realty, and Jordan S. Mandel, a vice president in Equis Corporation's New York office, as co-chairmen of its Real Estate New Leadership Cabinet. The Cabinet, an arm of Israel Bonds' Real ...
Spinnaker continues its march on CT with $30m office building purchase.
Apr 04, 2007 ... CB Richard Ellis announced that its New York Tri-State Region Institutional Group represented Fairhaven Investors Limited Partnership, an affiliate of BPG Properties, Ltd., in the sale of 35 Nutmeg Drive, a 278,655 s/f office/flex building located in Trumbull, Connecticut for $30.25 ...
Fierce interest in Fairfield investments opportunities.
Apr 04, 2007 ... CB Richard Ellis' Westchester/Fairfield Private Client Group has been named exclusive agent for two residential investment opportunities in New Canaan and Norwalk, CT. Al Mirin and Silvia Pogosyan will oversee the marketing. According to Mirin, "The immense amount of interest ...
Wells wins bidding for INVESCO's New Jersey trophy.
Apr 04, 2007 ... Wells Real Estate Funds has acquired Eagle Rock Executive Center IV in East Hanover, N.J., from INVESCO, announced Cushman & Wakefield's Metropolitan Area Capital Markets Group. The 177,820 s/f, Class A office property traded for an undisclosed price. According to ...
Newmark buys pair of New Haven properties.
Apr 04, 2007 ... A pair of properties in Downtown New Haven, Connecticut, namely a six-story 340,000 s/f office building and a 112-unit hotel property, located at One and Three Long Wharf Drive respectively, have just traded for $44.5 million. Eastern Consolidated's Ety Lee, senior director, ...
Rent stabilized portfolio sold by Massey Knakal.
Apr 04, 2007 ... Massey Knakal Realty Services has sold a mixed-use portfolio in the Manhattan Valley/Morningside Heights section of Northern Manhattan in an all-cash transaction valued at $10,000,000. 69 West 107th Street, 967 Columbus Avenue and 971 Columbus Avenue are three walk-up apartment ...
Times closes on 200,000 s/f Goodwin Procter lease.
Apr 04, 2007 ... The New York Times Company and Forest City Ratner Companies confirmed that the national law firm Goodwin Procter LLP has agreed to lease more than 216,000 s/f on seven floors of the Renzo Piano-designed New York Times Building nearing completion at 620 Eighth Avenue. Goodwin ...
Moinian leases 67,000 s/f of Manhattan office portfolio.
Apr 04, 2007 ... The Moinian Group announced 87,624 s/f in new leasing activity throughout the firm's Manhattan commercial portfolio for Massachusetts Mutual Life Insurance, Columbia University, Merchant Cash and Capital, Drift Elements, Inc. and Avenging Angels. "Massachusetts Mutual Life ...
Not-for-profits fill up UFT's two downtown buildings.
Apr 04, 2007 ... Colliers ABR, Inc. announced that two transactions, totaling 32,408 s/f, will bring both 50 and 52 Broadway building to 100% occupancy. Contemporary Guidance Services, Inc. (CGS) leased 22,645 s/f on the 4th floor of 52 Broadway and the YWCA of the City of New York leased 9,763 ...
Actors Fund renews at 729 7th.
Apr 04, 2007 ... CB Richard Ellis announced that it has arranged a 21,600 s/f renewal at 729 Seventh Avenue on behalf of Actors Fund of America. The seven-year transaction renewed the organization's space on the 10th and 11th floors. CBRE's Susan Kahaner, a senior vice president in the firm's ...
Alzheimer's group leases 15,000 s/f.
Apr 04, 2007 ... The Alzheimer's Association, New York City Chapter has moved its operations from the fifth to the fourth floor of 360 Lexington Avenue, it was announced by Lou-Ellen Barkan, president and CEO of the Chapter. Daniel R. Rapaport and David Kaplansky of Newmark Knight Frank ...
Film makers lease DUMBO space.
Apr 04, 2007 ... Two Trees Management Co. announced that Hornet Animations has signed a lease for their second New York office in Brooklyn's artistic DUMBO, at 20 Jay Street. Hornet Animations has worked with Nickelodeon, Paramount Pictures, Def Jam Records, VH1, Nike and EBAY to create visual ...
Deadline looms for REBNY's Retail Deal of the Year.
Apr 04, 2007 ... The Real Estate Board of New York (REBNY) announced that it is accepting submissions from members for its Retail Deal of the Year Awards, which annually recognize the most creative and significant New York City retail deals. Submissions should be sent to the REBNY Retail Committee, 570 ...
Home run at 461 Fifth as store takes 15,000 s/f.
Apr 04, 2007 ... Newmark Knight Frank Retail, the country's premier retail real estate firm, has leased 461 Fifth Avenue, located at the corner of 40th Street, to high-fashion retailer BCBG Max Azria. The internationally renowned designer took 15,000 s/f on three levels. Jeffrey D ....
Shoe shop joins hip Meatpacking crowd.
Apr 04, 2007 ... The leasing team of Faith Hope Consolo, chairman, and Joseph A. Aquino, executive vice president, of Prudential Douglas Elliman's Retail Leasing and Sales Division, exclusively represented upscale European shoe retailer, Iris, in a lease for its first U.S. store. The duo has ...
Hidrock Realty, Inc. announced that Massimo Zanetti Beverage USA Inc. has leased 2,200 s/f for a term of five years at 65 West 36th Street, where Hidrock Realty is the property owner.(New York)
Apr 04, 2007 ... Hidrock Realty, Inc. announced that Massimo Zanetti Beverage USA Inc. has leased 2,200 s/f for a term of five years at 65 West 36th Street, where Hidrock ...
Adams & Co. Real Estate.(New York)
Apr 04, 2007 ... Adams & Co. Real Estate announced the following leases: * A nine-year, 5,348s/f expansion at 11 E. 26th St. for JLA Home, a designer and manufacturer of high-end home fashions. JLA Home now occupies a total of 17,564 square feet in the building, including the entire 12th floor ....
The Kaufman Organization.(New York)
Apr 04, 2007 ... The Kaufman Organization announced the following leases: * A five-year, 3,200 s/f lease of office space in a beautiful spacious penthouse at 1239 Broadway for K-Swiss, Inc.; their first New York City office space. Daniel Lipton and Peter Pacific represented the tenant in the ...
SL Green.(New York)
Apr 04, 2007 ... SL Green announced the following leases: * Veracity Worldwide LLC signed a five year, 2,274s/f lease at 28 West 44th Street, Room 1014. Ira Rovitz of Tishman Real Estate Services was responsible for this lease. * Stemcore USA signed a two year 2,589 s/f lease at 420 ...
Bostick Realty announced that Brill & Associates, P.C. moved from 111 Broadway, to its new location at 111 John Street.(New York)
Apr 04, 2007 ... Bostick Realty announced that Brill & Associates, P.C. moved from 111 Broadway, to its new location at 111 John Street. They moved into a 2,860 s/ f space with the ...
NAI Friedland Realty Inc. recently completed two leasing deals on behalf of Autopart International, a wholly owned subsidiary of Advance Auto Parts Inc. of Roanoke, Virginia.(New York)
Apr 04, 2007 ... NAI Friedland Realty Inc. recently completed two leasing deals on behalf of Autopart International, a wholly owned subsidiary of Advance Auto Parts Inc. of Roanoke, Virginia. Autopart International leased 5,500 ...
Winick Realty Group.(New York)
Apr 04, 2007 ... Winick Realty Group announced the following leases: * Thomas Pink has leased a ground-floor, 4,000 s/f space at 63 Wall Street (on the South-East corner of Hanover). Darrell Rubens, managing director, and Angellina DeRichie represented the landlord, Metro Loft Management. Thomas ...
Buchbinder & Warren.(New York)(Brief article)
Apr 04, 2007 ... Buchbinder & Warren announced the following leases: * B-BQ (Cookery- Lafayette Inc.) signed a 3,850s/f retail space and 3,850 s/f basement space at 21-23 West 8th Street. Asking price was $100 per square foot. Lydia Wong represented both ...
Robert K. Futterman & Associates announced a 3,000 s/f lease to Footlocker at 5819 Bergenline Avenue in West New York, NJ.(New Jersey)
Apr 04, 2007 ... Robert K. Futterman & Associates announced a 3,000 s/f lease to Footlocker at 5819 Bergenline Avenue in West New York, NJ. RKF ...
Grubb & Ellis Company.(New Jersey)
Apr 04, 2007 ... Grubb & Ellis Company announced the following transactions: * The lase of 7,674 s/f at 24 Hanover Road, Florham Park. The lessor was 25 Hanover Road, LLC and the lessee: Defined Healthcare Research, Inc. Bob Lee of Grubb & Ellis Company represented the lessee. * The ...
Four tenants at the Franklin Farms mixed-use complex in Franklin Lakes, N.J., renewed their leases, and one new tenant has come onboard, announced by Kevin Swill, president of Kushner Properties, which manages the property.(New Jersey)
Apr 04, 2007 ... Four tenants at the Franklin Farms mixed-use complex in Franklin Lakes, N.J., renewed their leases, and one new tenant has come onboard, announced by Kevin Swill, president of Kushner Properties, which manages the property. Starbucks Corporation signed a lease for 1,700 s/f, while State ...
Renovation spurs 18,000 s/f in Rockville Centre leases.
Apr 04, 2007 ... A $2 million renovation at a prominent Rockville Centre office building has spurred new lease signings and lease renewals totaling more than 18,000 s/f.. Two new leases totaling more that 11,000 s/f have been signed at 100 Merrick Rd. in the heart of the South Shore Nassau ...
Upscale retailers sought for Fifth Avenue space.
Apr 04, 2007 ... Robert K. Futterman & Associates has been retained as the exclusive retail leasing agent for 3,800 s/f of retail space at 377 Fifth Avenue. RKF director Jonathan Krieger is marketing the property exclusively on behalf of building ownership Shahram Yaghoubzadeh. ...
DLC in growth mode.
Apr 04, 2007 ... DLC Management Corporation, a national owner and operator of shopping centers, announced the expansion of its leasing, property management and construction departments. DLC is actively pursuing experienced leasing representatives, property managers and construction managers for ...
Cushman & Wakefield reps partners in blockbuster French sale.
Apr 04, 2007 ... Cushman & Wakefield has advised Lehman Brothers Real Estate and its French partner the private company Atemi on the largest single-asset deal in Europe, the purchase of the Coeur D6fense office complex in Paris. Earlier this year, Cushman & Wakefield arranged the $1.8 billion ...