Real Estate Weekly back issues from June 2009:
The National Realty Club lunch meeting held recently at The Williams Club featured Shimon Shkury, managing partner, Massey Knakal Realty Services, who discussed current trends in the Northern Manhattan multi-family property sales market.
Jun 03, 2009 ... [ILLUSTRATION OMITTED] Caption: The National Realty Club lunch meeting held recently at The Williams Club featured Shimon Shkury, managing partner, Massey Knakal Realty Services, who discussed ...
Unions' historic pact to jumpstart construction.
Jun 03, 2009 ... In an unprecedented move to help resuscitate New York's ailing economy, the city's construction unions have agreed to cut costs by as much as 21% at a dozen stalled development projects. Under the Economic Recovery Project Labor Agreement (PLA) the cost of private unionized ...
City brokers still finding room to give.
Jun 03, 2009; ... Even in the toughest of markets, real estate brokers are still seeking out ways to give back to the community, and now a new program is encouraging them to donate portions of their commissions to benefit thousands of at-risk youth in New York. Commissions for a Cause (C4C), the ...
Kaled planning to walk the walk for institutional owners.
Jun 03, 2009 ... Kaled Management Corp., owners and managers of nearly 6,500 rental apartments, co-ops and condos throughout New York City and Long Island, announced the formation of a new division to provide third-party asset and property management to institutional owners of stabilized apartment ...
Retailer liked it so much, he bought the building.
Jun 03, 2009; ... A multi-million dollar SoHo deal demonstrated this week that retail may be down, but don't count it out. Spanish retailer Custo Barcelona just bought the 8-story, 12,000 s/f building that houses its flagship store at 145 Spring Street. According to city records, the ...
NYBC backs spending plan.(New York Building Congress Inc.)
Jun 03, 2009 ... New York Building Congress has offered qualified support for the city's revised 10-Year Capital Plan, which it said is significantly improved from the initial plan presented by Mayor Bloomberg in January. That plan had called for a 30 percent reduction in overall capital ...
Hampshire buys Siemens site.(Hampshire Global Partners)(Siemens Shared Services L.L.C.)(CB Richard Ellis Inc.)(Brief article)
Jun 03, 2009 ... Jeffrey Dunne and Kevin Welsh of CB Richard Ellis' New York Institutional Group collaborated with Jeffrey Babikian to represent Siemens Shared Services, LLC, in the sale of a 98,459 s/f four-story office building on 19.43 acres at 186 Wood Avenue in Iselin, New Jersey. The team ...
The Community Preservation Corporation.(WHO'S NEWS)
Jun 03, 2009 ... [ILLUSTRATION OMITTED] Christopher Hooke has joined The Community Preservation Corporation as Director of Freddie Mac and Fannie Mae Sales. Hooke is an acknowledged expert in the field of affordable housing finance. He is an expert at Freddie Mac loan origination ...
Certilman Balin.(WHO'S NEWS)(Certilman Balin Adler and Hyman has appointed Vincent J. Pizzulli, Jr. and Paul B. Sweeney )(Brief article)
Jun 03, 2009 ... Certilman Balin has announced the addition of two new partners. Vincent J. Pizzulli, Jr. has joined the Real Estate Practice Group, and Paul B. Sweeney has joined the Litigation Group. Both will be based in the firm's East Meadow office. [ILLUSTRATION OMITTED] ...
NAI Global.(WHO'S NEWS)(Society of Industrial and Office Realtors' award to David Blanchard)(Brief article)
Jun 03, 2009 ... NAI Global announced that David Blanchard, executive vice president, received the Instructor of the Year Award from SIOR, the Society of Indus trial and Office Realtors. [ILLUSTRATION OMITTED] Blanchard provides leadership throughout the NAI organization while ...
Savitt Partners.(WHO'S NEWS)(appointment of Roberr N. Conover )(Brief article)
Jun 03, 2009 ... Savitt Partners announced that Roberr N. Conover joined the company as chief financial officer. Conover brings more than 20 years of financial leadership experience in the commercial real estate industry to his new position. Prior to joining Savitt Partners, Conover was chief ...
Broadcasters Hall of Fame.(WHO'S NEWS)
Jun 03, 2009 ... The Broadcasters Hall of Fame announced that John Lyons of The Durst Organization has been elected into the Broadcasters Hall of Fame, Class of 2009. Lyons has played an important part in the return to the air of many New York broadcasters after 9/11. His career ...
Massey Knakal Realty Services.(WHO'S NEWS)
Jun 03, 2009 ... Massey Knakal Realty Services this week commended the outstanding accomplishments of five agents with to vice president of sales. Christoffer Brodhead joined Massey Knakal's Manhattan office in 1999 to spearhead the firm's efforts in the Midtown West/ Clinton territory. ...
Massey Knakal Realty Services.(Agents)
Jun 03, 2009 ... Massey Knakal Realty Services announced the following exclusive assignments: * The sale of 37-21 Northern Boulevard located on the northwest corner of 38th Street and Northern Boulevard in Long Island City, Queens. The asking price is $3,500,000. The property, which sits on a ...
NAI.(Agents)(NAI/James E. Hanson Inc.)(Brief article)
Jun 03, 2009 ... NAI James E. Hanson has been appointed exclusive leasing/sales agency of record for a new 24,500 s/f office building addition to the Hackettstown Regional Medical Center (HRMC) at 651 Willow Grove Street in Hackettstown, New Jersey. This is the final ...
Cohen and Company, Inc. Real Estate.(Sales)
Jun 03, 2009 ... Cohen and Company, Inc. Real Estate announced the sale of Loudon Plaza, a 62,700 s/f neighborhood shopping center in Loudon, ...
GFI Realty Services Inc, announced the sale of 462 East 137th Street in the Bronx for $1,225,000.(Sales)
Jun 03, 2009 ... GFI Realty Services Inc, announced the sale of 462 East 137th Street in the Bronx for $1,225,000. The five story walk-up apartment building ...
Massey Knakal.(Sales)(Massey Knakal Realty Services Inc.)(Brief article)
Jun 03, 2009 ... Massey Knakal announced the following sale: * A corner industrial site at 211217 Cook Street in Brooklyn's East Williamsburg neighborhood for $1,150,000. This industrial site is ...
Friedman-Roth Realty Corp. and Robert K. Futterman & Associates, LLC announced that Spanish retailer Custo Barcelona has purchased 145 Spring Street, a 12,000 s/f, eight-story, mixed-use loft building.(Sales)
Jun 03, 2009 ... Friedman-Roth Realty Corp. and Robert K. Futterman & Associates, LLC announced that Spanish retailer Custo Barcelona has purchased 145 Spring Street, a 12,000 s/f, eight-story, mixed-use loft building. The building houses the ...
City Island development opportunity.
Jun 03, 2009 ... Massey Knakal Realty Services has been retained on an exclusive basis to sell 226 Fordham Street located on the Long Island Sound in the Northeast Bronx. The asking price for this property is $8,000,000. This property offers a unique opportunity to develop luxury waterfront ...
Advance move.(Advance Realty Group's contract with CB Richard Ellis Inc.)(Brief article)
Jun 03, 2009 ... Advance Realty announced that it has retained CB Richard Ellis as the exclusive leasing agent for 360 Grove Street, a two-story, 8,375 s/f office building in Bridgewater, N.J. Currently, 60% of 360 Grove Street is leased to Somerset ...
Schlamm is taking it to the next level: David Schlamm, founder & principal, City Connections Realty.(PROFILE OF THE WEEK)
Jun 03, 2009 ... It's been 21 years in the making, but David Schlamm said he's found the perfect recipe for real estate success: take a large dose of determination, a group of experienced brokers, a dash of close relationships with landlords, diversify your business and, viola! "I knew I ...
Around town: events seminars meetings talks.(Calendar)
Jun 03, 2009 ... NAIOP-NJ Program June 8: The New Jersey Chapter of NAIOP, the Commercial Real Estate Development Association, will present a Mixed-Use Forum at a special Chapter Meeting to be held at the Sheraton Lincoln Harbor in Weehawken, New Jersey. Registration starts at 4 p.m., and the ...
Peter S. Buckey of Colliers ABR was the winner of Murray Hill Property's recent Show and Go drawing.
Jun 03, 2009 ... [ILLUSTRATION OMITTED] Caption: Peter S. Buckey of Colliers ABR (second row, fourth from left) was the winner of Murray Hill Property's recent Show and Go drawing. Buckey collected a $5,000 AmEx travel certificate after winning ...
Capstone signs two more tenants at 14 Wall Street.
Jun 03, 2009 ... Joshua Zamir, managing principal, and Daniel Ghadamian, principal, both of Capstone Equities, announced the signing of two new leases at its landmark 14 Wall Street property. Gibson & Behman, P.C. have leased 7,000 s/f of space on the 5th floor and Newman Myers Kreines Gross ...
Medical company keeps growing in GHP space.(Vision Sciences Inc.)(GHP Office Realty)(Brief article)
Jun 03, 2009 ... GHP Office Realty, LLC, an owner and manager of office properties throughout the metro area, has leased 20,500 s/f of office and flex space--the entire first floor--of the 41,000 s/f building, 40 Ramland Road, to Vision Sciences, Inc. The space will serve as Vision Sciences' ...
Rail renewal.
Jun 03, 2009 ... Mack-Cali Realty Corporation announced that Westinghouse Air Brake Technologies Corporation has signed a five-year lease renewal for 28,000 s/f at 4 Warehouse Lane in Elmsford, NY. Westinghouse--which provides ...
Military supplier signs 100,000 s/f lease here.
Jun 03, 2009 ... Hartz Mountain Industries announced that the Breeze-Eastern Corporation, a publicly-traded designer of lifting devices for military and civilian aircraft, has entered into a long term lease agreement to move its corporate offices and manufacturing facility to its 100,000 s/f 35 Melanie ...
Lighting firm's 48,000 s/f renewal.
Jun 03, 2009 ... Colliers Houston & Co. completed a 48,100 s/f industrial lease renewal agreement on behalf of the landlord, Pan Realty, for Amerlux, an architectural lighting for sustainable design company, located at 19-21 Daniel Road East in Fairfield, New Jersey. Colliers Houston's Howard ...
The National Realty Club lunch meeting held recently at The Williams Club featured Frank J. Sullivan, principal, Gallin Glick Sullivan O'Keefe LLC.
Jun 03, 2009; ... [ILLUSTRATION OMITTED] Caption: The National Realty Club lunch meeting held recently at The Williams Club featured Frank J. Sullivan, principal, Gallin Glick Sullivan O'Keefe LLC, who discussed the reasons that the real estate and ...
Scholastic books into 89,625 s/f office/warehouse in New Jersey.
Jun 03, 2009 ... Matrix Development Group announced a lease with Scholastic Book Fairs, the global children's publishing outlet, at Northeast Business Park in Washington Township, N.J. Scholastic will occupy 89,625 s/f of warehouse space and 6,175 s/f of office space at 14 Applegate Drive, a ...
Bergman signs four new deals.
Jun 03, 2009 ... Bergman Real Estate Group announced four new long-term leases at 155 Passaic Avenue in Fairfield, New Jersey. Science Applications International Corporation leased 37,100 s/f in the four-story, 88,000 s/f Class-A building. Steven L. Fleming of Jones Lang La Salle represented ...
Carlyle and Crown strike new deal for 666 Fifth retail.
Jun 03, 2009 ... The ownership of the retail property at 666 Fifth Avenue has struck a deal to recapture the corner portion of the former Brooks Brothers store, while simultaneously satisfying the expansion needs of Abercrombie & Fitch, one of the property's existing tenants. Abercrombie, which ...
Restaurant makes move to Cohen space on Third.(Ristorante DeGrezia )(Prudential Douglas Elliman Real Estate)(Brief article)
Jun 03, 2009 ... Faith Hope Consolo, chairman, and Joseph Aquino, executive vice president of Prudential Douglas Elliman's Retail Leasing, Marketing and Sales Division, have secured a new location for the Ristorante DeGrezia at 805 Third Avenue, with the entrance at 208 East 50th Street. The ...
Hartz set to start work on Ford plant redevelopment.
Jun 03, 2009 ... [ILLUSTRATION OMITTED] Hartz Mountain Industries has made the first of two installments totaling $1.5 million to Edison, and will soon begin the construction of Edison Towne Square, the mixed use redevelopment of the former Ford Plant on Route 1 is slated to include retail, ...
Finance firms move to UJA tower.(RRE Ventures)(Brief article)
Jun 03, 2009 ... Two financial services firms are relocating within New York City to 130 East 59th Street, a 17-story, 220,000 s/f office tower located on the southwest corner of East 59th Street and Lexington Avenue offering well-priced, high-end space. RRE Ventures leased the 8,626 s/f 17th ...
Winoker does double duty for money men.(Winoker Realty Inc.)(Brief article)
Jun 03, 2009 ... Winoker Realty Company has negotiated a two-floor, 13,220 s/f office lease at the Park House at 104 West 40th Street. The transaction's aggregate value exceeds $7 million over the term of the lease. Marc Miller, executive vice president of Winoker Realty, exclusively ...
1333 B'way renewals.
Jun 03, 2009 ... New York Outdoor, Inc., an outdoor advertising service, and accounting firm Louis Sternbach & Co. have signed long-term renewals at W&H Properties' 1333 Broadway, announced Fred C Posniak, senior vice president of W&H Properties. Both firms occupy space on the building's fifth ...
93,376 s/f Virgin lease.
Jun 03, 2009 ... Mack-Cali announced that Virgin Mobile USA L.P. has signed a new five-year lease for 93,376 s/f at 10 Independence Boulevard, Somerset Hills Corporate Center, in Warren, N.J. Virgin Mobile USA L.P is currently a tenant in the building through a sublease. The lease will now ...
Kaufman's monster deal.(Media Blasters)(Brief article)
Jun 03, 2009 ... The Kaufman Organization announced that Media Blasters, Inc., a company that distributes mainstream anime as well as live action, monster movies and adult anime, has signed a three-year lease for 7,500 s/f at 132 West 26th Street. The ...
Euro Cosmetics retailer arrives in Times Square.
Jun 03, 2009 ... Cushman & Wakefield Retail Services announced that Inglot, a European cosmetics retailer, has signed a new retail lease in Times Square for its first U.S. store. Inglot signed a 10-year lease for 675 s/f at 1592 Broadway (AKA 2 Times Square), located on the corner of 48th Street ...
Gourmet market, cafe for prime PAS spot.
Jun 03, 2009 ... In a transaction arranged by Winick Realty Group, the Park Hospitality Group has leased 3,500 s/f of retail space at 315 Park Avenue South at East 24th Street for an upscale gourmet market and cafe. The 12-year lease has a starting rent of $140 per square foot, which brokers say ...
Giscombe welcomes falafel chain to building.(Brief article)
Jun 03, 2009 ... Giscombe Realty Group announced it has signed Maoz Vegetarian, a popular falafel chain restaurant, to a 12-year lease in one of its midtown buildings--at 558 Seventh Avenue on the corner of West 40th Street. The Maoz Vegetarian lease for $814 psf includes a 280 s/f storefront ...
Senor Swanky's opens up.(Newmark Knight Frank Retail )(Brief article)
Jun 03, 2009 ... Newmark Knight Frank Retail announced that it is marketing the former Senor Swanky's restaurant on the corner of Bleecker Street at La Guardia Place. Available for the first time in 25 years, the space is 1,500 s/f on the ground floor with 125 feet of wraparound frontage and ...
Saks joins tenant roster at FCRC's Ridge Hill.
Jun 03, 2009 ... Forest City Ratner Companies announced that Saks Filth Avenue has signed a letter of intent to anchor the company's mixed-use development, Westchester's Ridge Hill, which is currently under construction. The center is located between the New York State Thruway and Sprain Brook ...
Panera taps FirstService Williams for Fairfield County expansion.
Jun 03, 2009 ... FirstService Williams has been retained on an exclusive basis by Panera Bread to help the growing bakery cafe lease as many as a dozen new restaurant locations throughout Fairfield County. The St. Louis-based restaurant chain currently operates five locations within Fairfield ...
CVS expansion continues with Murray Hill lease.
Jun 03, 2009 ... Newmark Knight Frank Retail announced that CVS Pharmacy has taken a portion of the ground floor retail at 222 East 34th Street (aka The Anthem), a luxury residential tower in the heart of Murray Hill. The health and beauty chain will join Club H Fitness at the base of this ...
Lucky break as burger joint opens in Chelsea.(Lucky's Famous Burgers)(Buchbinder and Warren Realty )(Brief article)
Jun 03, 2009 ... Buchbinder and Warren Realty announced that Lucky's Famous Burgers has leased a space at 264 West 23rd Street for 12 years. Asking rent for the 800 s/f of retail and 325 s/f basement space was $10,000 per month. Peter Braus & Brad Schwarz of Sierra Realty resented ...
Denim co. at home in Savitt tower.(Brief article)
Jun 03, 2009 ... In a transaction arranged by Savitt Partners, Headgear Inc. committed to an 8,600 s/f lease at 530 Seventh Avenue. The men's and women's premium and vintage denim showroom boasts such high-profile fashion brands as Blac Label, Tavernitti SO Jeans, Antik Denim, Yanuk, True ...
Rechler Equity Partners, the largest owner and operator of industrial real estate on Long Island, signed more then 261,000 square feet in lease transactions during the first three months of the year.(New York)
Jun 03, 2009 ... Rechler Equity Partners, the largest owner and operator of industrial real estate on Long Island, signed more then 261,000 square feet in lease transactions during the first three months of the year. Harry Stavro of Rechler Equity Partners represented the ownership in all the following ...
Adams & Co. Real Estate, LLC.(New York)(Brief article)
Jun 03, 2009 ... Adams & Co. Real Estate, LLC recently brokered three leases at 10 W. 33rd St. for a total of 5,147s/f: * A five-year, 3,049 s/f, for Tops Handbag, Inc. David Levy of Adams & Co. represented both the landlord and the tenant. Asking rent was $42 per square foot. * A ...
Citywide Properties, Inc.(New York)
Jun 03, 2009 ... Sasha Majerovsky of Citywide Properties, Inc. announced the following transactions: * 4mm Games, LLC., a video games developer, subleased 4,100 s/f of office space at 22 West 21st Street. Asking rent was in the high 40's psf. Sasha Majerovsky represented the ...
CPEX Real Estate leased 7,000 s/f of space at 2220 Flatbush Avenue to Veterinary Emergency and Referral Group (VERG), a veterinarian clinic.(New York)
Jun 03, 2009 ... CPEX Real Estate leased 7,000 s/f of space at 2220 Flatbush Avenue to Veterinary Emergency and Referral Group (VERG), a veterinarian clinic. VERG has other clinics locally in Boerum Hill as well as in Italy. Asking rents were $30 psf. ...
Kalmon Dolgin Affiliates, Inc. has leased a one-story building totaling 8,500 s/fat 180 N. 14th Street, Williamsburg, Brooklyn to Band Spaces NYC, a provider of rehearsal studio space.(New York)
Jun 03, 2009 ... Kalmon Dolgin Affiliates, Inc. has leased a one-story building totaling 8,500 s/fat 180 N. 14th Street, Williamsburg, Brooklyn to Band Spaces NYC, a provider of rehearsal studio ...
Redburn Partners, the securities, has signed a seven-year lease for a new space within 565 Fifth Avenue where the company will expand its occupancy from 2,100 s/f to over 6,000 s/f.(New York)
Jun 03, 2009 ... Redburn Partners, the securities, has signed a seven-year lease for a new space within 565 Fifth Avenue where the company will expand its occupancy from 2,100 s/f to over ...
FirstService Williams represented the landlord, Ivy Realty, on a six-year, 11,300 s/f lease at 4 Woodhollow Road in Parsippany.(New Jersey)
Jun 03, 2009 ... FirstService Williams represented the landlord, Ivy Realty, on a six-year, 11,300 s/f lease at 4 Woodhollow Road in Parsippany. Residential Home Funding Corp., a full service mortgage banker, will occupy the space in July. The new ...
Denholtz Associates announced that United Parcel Services (UPS) signed a 26,000 s/f lease renewal at Bridgewater Business Park in Bridgewater, New Jersey.(New Jersey)
Jun 03, 2009 ... Denholtz Associates announced that United Parcel Services (UPS) signed a 26,000 s/f lease renewal at Bridgewater Business Park ...
Mark Twentyman, of Kingsbridge Realty Advisors, represented Residential Home Funding Corp.(New Jersey)
Jun 03, 2009 ... Mark Twentyman, of Kingsbridge Realty ...
Denholtz Associates announced that United Parcel Services (UPS) signed a 26,000 s/f lease renewal at Bridgewater Business Park in Bridgewater, New Jersey.(New Jersey)
Jun 03, 2009 ... Denholtz Associates announced that United Parcel Services (UPS) signed a 26,000 s/f lease renewal at Bridgewater Business Park ...
Stockholm-based BTS, a world leader in customized business simulation software, has renewed its lease for 6,649 s/f at 300 First Stamford Place for the second time since its tenancy began more than a decade ago, announced Jeffrey H. Newman, executive vice president of W&M Properties, the marketing and management agent for the building.(New Jersey)
Jun 03, 2009 ... Stockholm-based BTS, a world leader in customized business simulation software, has renewed its lease for 6,649 s/f at 300 First Stamford Place for the second time since its tenancy began more than a decade ago, announced Jeffrey H. Newman, executive vice president of ...
Franco Fellah, executive vice president of HK Group, finalized 5 Westport and Norwalk leases.(New Jersey)
Jun 03, 2009 ... Franco Fellah, executive vice president of HK Group, finalized 5 Westport and Norwalk leases. * At 225 Main Street, Westport attorneys Rita Steinberger and Ed Zawacki leased 1,200 s/f of office space. The owner of the property is 225 Main Street, LLC. * At 119 Post ...
CA Consulate deal.(J.R. Militello Realty Inc./CORFAC International )(Brief article)
Jun 03, 2009 ... J.R. Militello Realty Inc./CORFAC International has completed negotiations on a 35,767 s/f long term lease at One HSBC Center for the Consulate General of Canada. After an extensive two year investigation of the Buffalo market, the Canadian Government made the decision to remain ...
On the web.(List)
Jun 03, 2009 ... <Pre> ON THE WEB: A & I Broadway Realty www.BroadwayRealty.com Academy for Continuing Education: www.RealEstateAcademy.com Adams & Company Real Estate:www.adamsre.com Alliance Building Servies: www.alliancebuildingservices.com Alpine Commercial ...
Pindus shares plan aimed to reduce city's fuel use.(PROPERTY MANAGEMENT)(U.S. Energy Corp.)
Jun 03, 2009 ... Jerry Pindus, CEO of U.S. Energy Group, has announced a practical approach for buildings in New York City to reduce fuel use over the next 15 years--in the amount of 2.4 billion gallons. PlanUSE, which has been shared with city officials, is the continuation of public policy discourse over ...
Insurent hits another milestone.(PROPERTY MANAGEMENT)(Insurent Agency Corporation )(Brief article)
Jun 03, 2009 ... Insurent Agency Corporation has recently formed new alliances that increase the total number of residential units accepting Insurent's Lease Guaranty Program to more than 70,000. These units are spread across nearly 700 apartment buildings in NYC. The Lefrak Organization, ...