New York City - August 26-8, 2014

Cotsalas of NorthMarq Capital places $3.315 million finance for 14,644 s/f retail property
Charles Cotsalas, senior director of NorthMarq Capital's New York metro based office arranged the $3.315 million refinance for 14,644 s/f worth of retail property located ...

Consolo and Aquino of Douglas Elliman's Retail Group arrange 40,000 s/f lease to Mitchell's NY
Long Island City, NY The preeminent leasing team of Faith Hope Consolo, chairman, and Joseph Aquino, executive vice president of Douglas Elliman's Retail Group has ...

DiBella of Pliskin Realty & Development brokers 4,000 s/f to Ashley Furniture HomeStore at 436 Rockaway Avenue, Brooklyn
Michael DiBella, a sales associate with Pliskin Realty & Development, a retail real estate brokerage, property management and investment firm, served as the exclusive broker ...

Professional Profile: Calvert, 2014
Name: Greg Calvert Title: Senior Managing Director Company: Hunt Mortgage Group Location: New York, N.Y. Birthplace: New York City Education: Cornell University: BS Economics. New York University: MS Real ...

Professional Profile: Terzi, 2014
Name: Joseph Terzi Title: Associate Company: TerraCRG Location: Brooklyn, N.Y. Birthplace: Brooklyn, N.Y. Education: Baruch College First job outside of real estate: Prior to joining TerraCRG, I worked for ...

Big boxes find the boroughs
Hooray for the big boxes, which are expanding all over our city, not just in Manhattan! Nordstrom Rack is coming to Queens and Staten Island, while ...

Friedel of Newmark Grubb Knight Frank to lead leasing of Lam Group's 100,000 s/f retail development which will include new hotel under the Virgin brand
Adding to NoMad's rising popularity as a destination neighborhood for tourists and New Yorkers alike, Lam Group is looking for cutting-edge retailers and a dynamic ...

Cohn and Klinger of SCG Retail arranges 1,680 s/f lease to Fillmore & 5th at 398 Broome Street
SCG Retail, a division of The Shopping Center Group, completed the signing of a 1,680 s/f lease for Fillmore & 5th at 398 Broome St. ...

Fishbein of Winick Realty Group represents Pair Wine and Cheese in 1,500 s/f lease
Pair Wine and Cheese, a retail café focused on the precise pairings of wines and cheeses, has signed a lease for its first location at ...

New Street Realty Advrs. arranges 1,825 s/f lease to Amarcord Restaurant
According to New Street Realty Advisors, LLC, an Italian trattoria, Amarcord Restaurant, has leased 1,825 s/f of ground floor space at The Riverbank West, a ...

Lower Manhattan's retail market stands ahead of the rest of Manhattan according to Cushman & Wakefield
A Cushman & Wakefield comparison of the vibrancy of retail real estate in ten Manhattan neighborhoods shows that Lower Manhattan stands head and shoulders above ...

HK Organization purchases 275 Park Avenue for $68 million
In partnership with Brickman, a real estate private equity firm, HK Organization in affiliation with Jo-Ann Obergfell, has purchased 275 Park Avenue located in Clinton ...

SL Green Realty Corp. signs four leases totaling 48,482 s/f at 110 East 42nd Street
SL Green Realty Corp. signed four leases totaling 48,482 s/f at 110 East 42nd St. These leases increase occupancy at the 18-story, 206,853 s/f office ...

Arkin, Burke, Smith, Klein and Blanchard of Cushman & Wakefield represent Jamestown in 72,577 s/f in two leases
Jamestown has completed two new leases at the Falchi Building, located at 31-00 47th Ave. in Long Island City. The NYC Taxi & Limousine Commission and ...

TerraCRG sells mixed-use site at 608-614 Franklin Ave. for $17.5 million to Crow Hill Development
TerraCRG has closed on the sale of the mixed use development site at 608-614 Franklin Ave. in Crown Heights. Ofer Cohen, Melissa DiBella, Dan Marks, ...

Bestreich, Sproviero and Reynolds of Marcus & Millichap complete two sales totaling $6.95 million
Marcus & Millichap, a leading commercial real estate investment services firm with offices throughout the United States and Canada, completed the sale of 75 MacDonough ...

Jamestown renews and expands lease to Varonis Systems, Inc. for a total of 46,068 s/f at 1250 Broadway
According to Jamestown, Varonis Systems, Inc. has renewed its existing 15,356 s/f lease on the 31st floor at 1250 Broadway. In addition, the start-up signed ...

Proposed changes to Code Section 752 regulations and guarantees
The Department of the Treasury has issued proposed regulations that would modify the determination of recourse vs. nonrecourse liabilities under §752. The biggest change would ...

Meridian is able to work with numerous lenders to get high finance for smaller size deals
Meridian is fortunate to serve both institutional and individual clients. In the institutional space, there is a robust set of financing options, ranging from long-term ...

A potentially overlooked 1031 option: The hotel industry
As someone people come to for help with exchanges, boy is it getting difficult to find solutions that investors are happy with. After years of ...

A lawyer discusses co-op and condo closings in New York with out-of-towners
The New York real estate market is unique and everyone seems to want to own an apartment here nowadays, especially non-New Yorkers. It is not ...

Bourdelaise named Northeast director of research at Transwestern
Transwestern names Chase Bourdelaise the director of research for the Northeast region, marking the first time the firm has had a single head of research ...

Steinberg joins Urban Compass as president and Senequier joins as vice president of strategic development
According to Urban Compass, Leonard Steinberg, formerly of Douglas Elliman, has joined the company as president. Hervé Senequier, who worked closely with Steinberg at Elliman, ...

The Kalikow Group names Shulman acquisitions associate
Jack Shulman has been named acquisitions associate with The Kalikow Group, a multi-faceted real estate organization focusing on joint venture equity financing, multifamily property management, ...

Savanna hires Trovato as project cost accountant
Savanna has hired Joe Trovato as project cost accountant. Trovato will be responsible for the development of cash flow projections, project budget reports, and the ...

The Corcoran Group names Godwin senior managing director
The Corcoran Group has appointed Leigh Godwin to the position of senior managing director at the firm's flagship office located at 660 Madison Ave. Leigh ...

Real estate and technology: Is your firm a learning organization?
Today's real estate technology firms are finding ways to make the lives of real estate professionals easier. The real estate technology sector has developed new ...

Executive of the Month: Weber founded Hightower in 2013 - Brings efficiency, transparency and analytics to commercial leasing
In 2007, after five years working as a successful software developer at Microsoft and Zillow, then 26 year-old Brandon Weber decided to ditch technology and ...

Smadbeck, Oster, Shapiro, Kimyagarov, Brumback and Knackal of Massey Knakal brokers three building sales totaling $17.45 million
Massey Knakal completed the following three sales totaling $17.45 million: * The 105 Riverside Drive House, a townhouse at 105 Riverside Dr. in Manhattan's Upper West ...

The Moinian Group secures $539 million construction loan for 1.16 million s/f tower
The Moinian Group has secured a $539 million loan with the New York State Housing Finance Agency, with credit enhancement from Bank of China and ...

TD Bank's Commercial Real Estate closes 200+ transactions totaling $3.9 billion in 2013
TD Bank's Commercial Real Estate (CRE) group closed more than 200 transactions totaling $3.9 billion in commitments in 2013, signaling an improvement in real estate ...

M&T Realty Capital Corp. closes $34 million loan for the refinance of a 256-unit building
M&T Realty Capital Corp., a commercial mortgage banking subsidiary of M&T Bank focused on capital markets financing and Fannie Mae and Freddie Mac multifamily programs, ...

Eastern Union Funding posts over $1.5 billion in sales volume for the first half of the year - double that of 2013
Eastern Union Funding, one of the largest national private mortgage brokerage companies, has posted over $1.5 billion in sales volume for the first half of ...

Bar-Or and Levine of Meridian Capital Group, LLC negotiate $20.5 million financing
Meridian Capital Group, LLC, a leading national commercial real estate finance and advisory firm, negotiated a $20.5 million bridge loan for the Montague Center office ...

GCP Capital Group LLC arranges multiple mortgages totaling $162.267m
GCP Capital Group LLC, one of the nation's most active companies specializing in investment real estate finance, has arranged financing in the amount of $162.267 ...

Nova and Zakh of The Cornerstone Group of NY arrange $5.1 million in financings for four properties
The Cornerstone Group of NY (CSG-NY) has excelled in providing aggressive and constructive financing options for developers, building owners and clients who are in the ...

DeRosa and DesRochers of NorthMarq Capital $13 million bridge financing for 550 West 29th Street
Joseph DeRosa, vice president and Ernest DesRochers, senior vice president/managing director of NorthMarq Capital's New York City office arranged bridge financing in the amount of ...

Goldstein and Howe of National Cooperative Bank arranges $64 million in new loans
According to Edward Howe III, managing director of National Cooperative Bank (NCB), a leading lender to cooperative housing throughout the Tri-State area, the bank originated ...

Meridian Capital arranges $38.485 million in financings
Meridian Capital Group, LLC, a leading national commercial real estate finance and advisory firm, completed the following transactions totaling $38.485 million: * A new mortgage of ...