New York City - December 9-22, 2014

Medeiros represents TEI/Hamlin in-house for $30.7 million acquisition
Co-developers Time Equities Inc. (TEI) (www.timeequities.com) and Hamlin Ventures have acquired their second venture together, 34 Prince St., the former convent and school of the ...

Brack Capital closes on 627 Greenwich Street for $106 million
Brack Capital Real Estate (BCRE) has closed on 627 Greenwich St., a 12-story commercial building in the West Village, for $106 million. "It is extremely ...

Gammino, Knakal and Shapiro of Massey Knakal complete $14.525 million sale of two mixed-use buildings
Two mixed-use buildings at 1771 and 1773 First Ave., located between East 91st and East 92nd Sts. on the Upper East Side, were sold in ...

Working together to curb buyer's & seller's remorse
Technology is helping the real estate industry take great strides in ensuring the availability and accuracy of essential real estate data that real estate professionals ...

Khodadadian's Skyline Properties completes $120 million in first year
Last year, commercial broker Robert Khodadadian left Eastern Consolidated to forge his own path in off-market deals with Skyline Properties, a company he founded before ...

Marcus & Millichap arranges $4.8 million sale
Marcus & Millichap has completed the sale of 1917 Ave. O, a 28-unit apartment property, according to John Horowitz, a regional manager at the firm. ...

Singer of Singer & Bassuk arranges $50 million refinancing for the William Kaufman Organization
William Kaufman Org. has closed on a $50 million permanent first mortgage loan for its landmarked Meatpacking District office building at 320 West 13th St., ...

Cotsalas of NorthMarq Capital completes $5 million refinance of 48,458 s/f retail shopping center in Whitestone, Queens
Charles Cotsalas, senior managing director of NorthMarq Capital's Long Island based office arranged the $5 million refinance of Allied Shopping Center, a 42,458 s/f retail ...

Geller and Pagnotta of Meridian negotiate $27.5 million in permanent financing for cooperative community
Kew Gardens Hills, NY Meridian Capital Group, LLC has arranged a $27.5 million mortgage for the refinance of a cooperative community. The 10-year Freddie Mac loan, ...

GCP Capital Group arranges 13 mortgages totaling $186.156 million
GCP Capital Group LLC has arranged 13 mortgages totaling $186.156 million. The deals include the following: * $114 million for a 23-story building containing 351 apartments ...

Jones joins Hunt Mortgage as senior vice president
Jeff Jones has joined Hunt Mortgage Group as senior vice president to help expand its FHA lending platform. Jones will be responsible for originating FHA ...

Investors Bank arranges $21 million for 43,215 s/f multifamily property
As Investors Bank expands its operations within the Northeast and Middle Atlantic regions, the commercial real estate (CRE) lending group is providing commercial mortgage financing ...

SL Green arranges $50 million mezzanine loan
SL Green Realty Corp. arranged a $50 million mezzanine loan to The Moinian Group for the construction of a major residential rental project at 605 ...

MRC provides $66 million for 100,500 s/f retail/office property
According to Josh Zegen, co-founder and managing principal Madison Realty Capital (MRC), his firm has closed on $66 million in financing for a 100,500 s/f ...

Eastern Consolidated's capital advisory division finances $25 million
According to Eastern Consolidated, its capital advisory services division has recently arranged $25 million in financing for commercial real estate properties in the city. Launched earlier ...

Klein and Keller of HFF arrange $85 million for mixed-use NYC portfolio
HFF has arranged $85 million in financing for a mixed-use portfolio encompassing 19,409 s/f of retail and 82 residential rental units in New York's Meatpacking ...

Cohen, Warren, Marks, Matheos, Hernandez and Terzi of TerraCRG broker $6.7 million sale
TerraCRG has closed on the sale of the commercial loft building located at 46 Old Fulton St. in the Dumbo / Fulton Ferry District. Ofer ...

Palmese, Knakal and Gevinski of Massey Knakal broker $9.65 million sale
The Eastern Parkway Multifamily Portfolio, five properties located at 1613, 1617, 1621, 1625, and 1631 Eastern Parkway between Saratoga Ave. and Thomas S. Boyland St. ...

Treetop Development purchases three New York City apartment portfolios
Treetop Development, LLC has acquired three separate apartment portfolios above 139th St. which will add nearly 200 rental homes to its New York City holdings. The ...

Colliers signs 28,500 s/f in leases at 1140 Broadway
In a wave of new activity, Colliers International has signed 28,500 s/f across four leases at 1140 Broadway, a prime, 16-story, 140,000 s/f office building ...

01-15-2015 - REBNY to honor its president, Spinola, at 119th Annual Banquet, amoung others
According to Real Estate Board of New York's (REBNY) chairman Rob Speyer, the organization plans to honor Steven Spinola, REBNY's president of nearly thirty years, ...

Cosentino and Satanovsky of TerraCRG chosen to sell 909 Jefferson Avenue
Matthew Cosentino, VP of investment sales at TerraCRG has been retained as the exclusive agent for the sale of the multifamily building located at 909 ...

TerraCRG chosen as exclusive agent for 1556-1560 Pacific Street, Brooklyn
TerraCRG has been been retained as the exclusive agent for the sale of the development site at 1556-1560 Pacific St. in the Crown Heights neighborhood. ...

Mancini*Duffy survey indicates more than three-quarters of workload takes place without face-to-face
Mancini*Duffy, a leading architectural and interiors firm, has released findings from The Coordinate, its periodic survey on workplace trends. The most recent survey indicates that ...

Towery retiring after 40 years heading Greater Jamaica Development Corp.
F. Carlisle Towery, who devoted the last four decades to rebuilding Jamaica, Queens' central business district into a larger multi-purpose regional sub-center through a model ...

Camhi and Katcher of RFR lease 25,000 s/f to Urban Compass
RFR has completed a new lease at 90 Fifth Ave., which the company recently reintroduced to the market following an extensive repositioning campaign. Technology-driven real ...

Aghravi and Hirsch of Eastern Consolidated's Capital Advisory Division arrange $18 million bridge loan
Eastern Consolidated's Capital Advisory Division has arranged an $18 million short-term bridge loan on behalf of East 47th Street, LLC (City Centre Properties), facilitating the ...

TF Cornerstone's 4610 Center Blvd. is 100% occupied
After five months of leasing, 4610 Center Blvd. -- TF Cornerstone's sixth and final building along Center Blvd. in Long Island City (LIC) -- is ...

Quadlogic Controls offers additional services for property owners and managers
Quadlogic Controls Corp., an industry leader in the manufacturing and reading and billing of sub-meter systems, is now offering additional energy services that will benefit ...

Burk, Tamara, Chew and Sigourney of CPEX complete two sales totaling $2.5 million
CPEX Real Estate Services has completed the sale of two properties in Crown Heights totaling $2.5 million, located at 852 St. Johns Place and 778 ...

Berkowitz, Stern, Horvath and Butwin of RKF secure two leases on behalf of the Kushner Companies
RKF has arranged two leases in the East Village on behalf of the Kushner Companies, and has subsequently been retained to market seven additional spaces ...

SL Green and Moinian Group joint venture sell 180 Maiden Lane for $470 million
SL Green Realty Corp. and joint venture partner, The Moinian Group, agreement to sell 180 Maiden Ln. for $470 million. The buyer is a venture ...

Hess of TerraCRG sells eight-family building in Park Slope for $3.1 million
Adam Hess, partner and senior vice president of TerraCRG, has closed on the sale of 181 12th St. in the Park Slope / Gowanus neighborhood. ...

Polsinelli and Sinsheimer of Eastern Consolidated arranges sale of three-story retail building in East Harlem
Eastern Consolidated has arranged the sale of a three-story retail building in East Harlem at 2202-2210 Third Ave., also known as 181 East 120th St. ...

Smadbeck and Burton of Massey Knakal handle $15.6 million sale of 78 Grand Street
78 Grand St., a mixed-use loft building located between Wooster and Greene Sts. in the SoHo Cast Iron Historic District, was sold in an all-cash ...

JLL completes 57,018 s/f lease for AKF Group at One Liberty Plaza
JLL has completed a new, direct lease for AKF Group LLC at One Liberty Plaza. The engineering firm signed a 15-year lease for 57,018 s/f ...

Baker and Fishbein of Winick selected by TF Cornerstone to market retail space at 7 East 14th Street
According to Winick Realty Group, TF Cornerstone has selected Steven Baker, president, and Aaron Fishbein to exclusively market the Union Square retail availability at 7 ...

Eastern Consolidated chosen to market 4,774 s/f corner retail space at 547 West 20th Street
Eastern Consolidated has been retained as the exclusive leasing agent for a 4,774 s/f corner retail space at 547 West 20th St., also known as ...

DeCheser of Massey Knakal brokers $5 million sale of corporation shares at 47 Clinton Street
The corporation shares of a mixed-use building at 47 Clinton St., located between Stanton and Rivington Sts. on the Lower East Side, were sold in ...

Savanna closes on sale of 80 Broad Street
Savanna, a New York-based real estate private equity and asset management firm, has sold 80 Broad St., a 423,000 s/f office building in the Financial ...

Posniak of Empire State Realty Trust (ESRT) leases 3,265 s/f to Shake Shack at 1333 Broadway
Shake Shack has signed a lease for 3,265 s/f at 1333 Broadway, according to Empire State Realty Trust, Inc. (ESRT), a leading real estate investment ...

CBRE releases its fall 2014 Manhattan Market retail report
CBRE Group, Inc. has issued its fall 2014 Manhattan Market retail report, "Omnichannel Retailing - The Complementary Relationship between Brick-and-mortar Stores and E-commerce." The CBRE ...

Choosing the right NYC property management company
About a year ago, we got a panicked and desperate call from John, the co-op board president of an 87-unit NYC property. We had a ...

Zere Real Estate Services attends AFE Chapter 4 event
SUNY Maritime College cadets joined with: AFE Chapter 4 president, Bob Bender; Marie Zere, Zere Real Estate Services; and her grandsons, Kyle and Tyler Zere, ...

IRC section 1031 in jeopardy! Even if repealed, there is still a solution for tax deferral
Most real estate professionals and nearly all real estate investors know something about the tax deferral and other benefits of the "like-kind" exchange. Section 1031(a) ...

An analysis of a partial disposition election with respect to depreciable property
This article discusses the partial disposition election with respect to depreciable property. These rules allow the remaining depreciable basis of an asset to be written ...

A lawyer discusses combining co-op apartments: An increasingly common and complex occurence
Renovations of individual co-op apartments have become increasingly common and complex, as many people have chosen to stay in their apartments as their families expand, ...

Stocking stuffers for 2015:There are many healthy and robust financing options available
Going into the year-end, many of my clients ask what my predictions are for the near and mid-term future of the real estate financing market. ...

SL Green acquires 9,200 s/f SoHo retail property for $32.25 million: 102 Greene Street
SL Green Realty Corp. has acquired the retail property located at 102 Greene St. for $32.25 million. The transaction marks the continued growth of the ...

Unger of Kalmon Dolgin Affiliates reps landlord, Kimaqu Corp., in 1,000 s/f retail lease; Rothenburg of Olympia reps tenant
According to Neil Dolgin and Kalmon Dolgin, co-presidents of Kalmon Dolgin Affiliates, Inc. (KDA), the firm has arranged a 1,000 s/f retail lease for Cricket ...

Harbor Group International sells three-story, 7,200 s/f retail property at 1420 Broadway, Manhattan for $18 millioin
Harbor Group International, LLC has sold 1420 Broadway, a three-story, 7,200 s/f retail property for $18 million. HGI purchased the property in October of 2012 ...

High times in New York City: Rent numbers keep going up!
The numbers just keep going up and up - the rent numbers, that is! The just-released Fall 2014 Retail Report from the Real Estate Board ...

Sigourney and Balisky of CPEX broker sale
The CPEX retail investment sales team has brokered the sale of a retail condominium at 68 Washington Ave. Situated in a seven-unit mixed-use building between ...

Baker and Fishbein of Winick rep TP Cornerstone in 1,683 s/f lease to Juice Generation at 101 Maiden Lane
Juice Generation, the juice bar with 12 locations in Manhattan and Brooklyn, signed a lease for its first Financial District location at 101 Maiden Ln., ...

Kadosh and Bonicoro of CBRE arrange 26,160 s/f lease
CBRE Group, Inc. has represented the New York Palace Hotel, operated by Northwood Hospitality, in the 26,190 s/f retail lease for the New York flagship ...

Brod, Tergesen and Valentino of ABS Partners arranges 7,900 s/f lease to Park Avenue Liquor Shop
Full-service commercial real estate firm ABS Partners Real Estate, LLC has secured a 15-year, 7,900 s/f lease at 270 Madison Ave. for Park Avenue Liquor ...

Eastern Consolidated's Famularo and Geoghegan handle 1,800 s/f lease
Eastern Consolidated has arranged a long-term lease for Freshbites, a new health-casual restaurant by food service veterans Bobby Gelestathis and Chris Zamfotis, at 56 East ...

NGKF to lead retail leasing at Grand Central Terminal
Newmark Grubb Knight Frank's (NGKF) retail team has been chosen by New York's Metropolitan Transportation Authority (MTA) to lead the leasing of Grand Central Terminal. ...