New York City - April 8-21, 2014

Gervis and Hellman of Meridian Capital arrange $142 million mortgage; For purchase of 470 Vanderbilt on behalf of RXR/American Landmark
Meridian Capital Group, LLC (www.meridiancapital.com) has arranged a $142 million mortgage for the purchase of a class A office property located at 470 Vanderbilt Ave. ...

Stillman Brokerage brokers $3.9 million sale of 38-unit Bronx walk-up apartment
Stillman Brokerage has exclusively brokered the sale of 3307 Hull Ave. In a deal that started in October of last year, the property, a 38-unit ...

Mavashev of Besen & Associates reps buyer in $8.52 million sale of Dix McBride Apartments
Besen & Associates has completed the sale of Dix McBride Apartments, a garden/low-rise multifamily complex containing 130 apartments is located at 22-29 Dix Ave. in ...

Every real estate agent is a marketer, are you?
At Agorafy as we continue to develop our platform and expand our user base we focus daily on the features and capabilities our users require ...

Vegh of Westwood Realty arranges $85 million sale of two apartment properties; 120 and 125 Riverside Drive purchased by Thor Equities
Steven Vegh of Westwood Realty Associates represented the buyer and seller in the off-market sale of 120 and 125 Riverside Dr. for $85 million. The ...

TerraCRG completes two sales totaling $6.9 million
TerraCRG has brokered two sales totaling $6.9 million. In the first deal, Matthew Cosentino, VP of investment sales at TerraCRG, closed on the $3.65 million sale ...

Executive of the Month: Spengler, chief lending officer of Investors Bank: Making rapid, significant and positive changes to the bank
Rapid, significant and positive change has occurred at Investors Bank since Richard Spengler, chief lending officer, joined the organization in September 2004. Spengler, charged with ...

BMAR to hold 90th Anniversary Banquet celebration on April 24th
The Bronx-Manhattan North Association of Realtors (BMAR) will hold their 90th Anniversary Banquet celebration on April 24th. The event will be held at Marina del ...

04-11-2014 - Consolo of Douglas Elliman to speak at WNRC
Faith Hope Consolo, chairman of Douglas Elliman's Retail Group will deliver "Retail After Bloomberg," at the next Women's National Republican Club's (WNRC) Showcase Luncheon on ...

Aiese of Massey Knakal Capital Services closes $80 million bridge loan; Secured by Cassa Hotel; Lender was entity controlled by Angelo, Gordon & Co.
Massey Knakal Capital Services has closed on an $80 million bridge loan, which was arranged exclusively by Massey Knakal director Scott Aiese. The loan was ...

Metzger and Hyman of Eastern Union negotiate $22.72 million refinancing of 44-unit mixed-use property on Roosevelt Island
Eastern Union Funding has negotiated a $22.72 million refinancing on a 44-unit mixed-use on Roosevelt Island. The loan was originated by Eastern Union senior managing ...

Bakhchi of Hybrid Capital arranges $8.5 million loan
Hybrid Capital has arranged $8.5 million in permanent financing for two attached four-story residential buildings located at 752-770 60th St. in the Sunset Park neighborhood. ...

Casale of Largo Group arranges $3.5 million in financing for multifamily
Zach Casale, an account executive for the Largo Group of Companies, arranged $3.5 million in financing for a multifamily property located at 34 1/2 St. ...

HKS negotiates six loans totaling $43.575 million
HKS Capital Partners LLC has negotiated the following six deals totaling $43.575 million: * A $20 million second mortgage financing with the existing bank first mortgage ...

Au of Brick Realty Capital places $2.85 million loan
Brick Realty Capital LLC, through an affiliate entity, has funded a $2.85 million second mortgage to a local real estate investor. The collateral, located in ...

New regulations are more complicated but offer benefits
Real estate owners are finally allowed to write off the remaining value of retired structural improvements. This change can significantly reduce taxable income in those ...

GCP Capital Group arranges 12 mortgages totaling $75.755 million
GCP Capital Group LLC has arranged mortgage financing in the amount of $75.755 million for the following 12 deals: * $21 million for eight retail condo ...

Gartenstein retires from NCB after 28 years
After 28 years of service, National Cooperative Bank's (NCB) senior vice president Sheldon Gartenstein has retired from the bank. He celebrated his retirement with ...

04-08-2014 - Blackstone's Gray to keynote NYU Shack REIT Symposium
The REIT Center at the NYU Schack Institute of Real Estate (scps.nyu.edu/schack) has unveiled its morning program, packed with industry heavyweights, for its 19th Annual ...

Halstead Management Company chosen to manage Worldwide Plaza's residential buildings
Halstead Management Company, LLC, one of New York's most trusted residential property management firms, now manages 654 units in Worldwide Plaza's residential buildings located at ...

Integra Realty Resources achieves industry landmark: Surpasses 200 MAI-designated appraisers nationwide
Integra Realty Resources (IRR), the largest independent commercial real estate valuation and consulting firm in North America, has surpassed 200 Members of the Appraisal Institute ...

Steinberg of Lee NYC represents landlord in 1,500 s/f lease
The New York offices of Lee & Associates Commercial Real Estate Services (Lee NYC), a privately-held national commercial real estate firm has closed a lease ...

Goldberg of Goldberg & Connolly moderates NYC Chapter of Construction Financial Management Association event
According to Goldberg & Connolly, managing partner Henry Goldberg moderated a panel discussion hosted by the NYC Chapter of the Construction Financial Management Association (CFMA) ...

Eastern Consolidated chosen to market 156-158 East 33rd Street in Kips Bay
Eastern Consolidated, a leading investment sales brokerage firm, has been retained as the exclusive agent to market for sale 156-158 East 33rd St. Located between ...

Tavivian Sporn Team of Douglas Elliman selected by Assa Properties to lease 15 West 55th Street and 70 West 45th Street
The Tavivian Sporn Team, a top 10 ranking team at Douglas Elliman, has been selected by Assa Properties as the exclusive leasing team for new ...

Salvatico, Riney and Saros of Marcus & Millichap broker $1.1 million sale of 450-452 S. 5th Street
Marcus & Millichap Real Estate Investment Services has completed the sale of 450-452 S. 5th St., a 2,900 s/f mixed-use property, according to John Horowitz, ...

Rogovin and Sinsheimer of Eastern Consolidated represent seller in $3.285 million sale in Harlem
Eastern Consolidated, a leading investment sales brokerage firm, has arranged the sale of two walk-up residential rental properties, 121 and 146 West 120th St. in ...

Savanna arranges 580,000 s/f in leases during 2013 in its New York City portfolio
Savanna, a New York-based real estate private equity and asset management firm, has completed 59 leasing transactions in its New York City portfolio in 2013, ...

Cosentino of TerraCRG retained as exclusive agent for 5,832 s/f, six-unit Bushwick multifamily
TerraCRG's Matthew Cosentino, vice president of investment sales, has been retained as the exclusive agent for the sale of 55 St. Nicholas Ave. in the ...

CBRE issues February 2014 Manhattan Office MarketView Snapshot
January Manhattan leasing totaled 2.83 million s/f, slightly higher than the 2.67 million s/f of activity in December. All three Manhattan markets topped their respective ...

Dovrin rejoins Douglas Elliman Real Estate
According to Douglas Elliman Real Estate, Robert Dvorin is rejoining the company along with his six-member team. Ranked in the top 1% of real estate ...

Modern Spaces' Icon 52 is over 50% leased, Developed by Tsilo Group
The Icon52, Woodside's newest rental project, is over 50% leased in less than three weeks on the market. This is Modern Spaces' first rental project ...

Transwestern secures office leasing assignment for Olympic Tower
Transwestern's New York office has been awarded the exclusive office leasing assignment for Olympic Tower. The class A, Plaza District building owned by Olympic Tower ...

Marcus & Millichap completes three sales totaling $8.18 million
Marcus & Millichap Real Estate Investment Services has brokered three sales totaling $8.18 million, according to John Horowitz, a regional manager of the firm. The first ...

Schechtman and Lieberman of Eastern Consolidated brokers $9.5 million sale
Eastern Consolidated has arranged the sale of 334-336 West 46th St., along Restaurant Row, for $9.5 million. Owner Direct Realty sold the property to a ...

Reicher of CBRE represents tenant in 13,200 s/f lease
Modern Bank has inked a 13,200 s/f lease on the 15th floor at Boston Properties' 250 West 55th St., in a relocation from 667 Madison ...

Guilbet of Inwood Property Group arranges 3,500 s/f retail lease
Roberto Guilbet of Inwood Property Group Inc. has completed the leasing of 264 Sherman Ave. The property consists of 2,100 s/f of retail space with ...

Chang and Nicholas of KDA handle 25,000 s/f lease
According to Kalmon Dolgin and Neil Dolgin, co-presidents of Kalmon Dolgin Affiliates (KDA), the firm has arranged a 25,000 s/f lease for Four Seasons Packaging ...

CCRNY renews its 6,370 s/f space at Masonic Hall
City Connections Realty (CCRNY) has renewed the lease on its current office space at The Masonic Hall at 71 West 23rd St. CCRNY president and ...

JLL's Konsker, Astrachan and Polhemus lease 6,228 s/f
NPD Group, has signed a new lease at 31 Penn Plaza, occupying 6,228 rentable s/f on a portion of the 4th floor for a seven-year ...

Kimyagarov, of Massey Knakal brokers $3.7 million sale of 256-262 West 116th Street
A mixed-use building at 256-262 West 116th St., located between Adam Clayton Powell Jr. and Frederick Douglass Blvds. in the Central Harlem neighborhood, was sold ...

Hollander and Freede of CBRE represent tenant in 40,000 s/f lease renewal and expansion at 3 East 54th Street
CBRE Group, Inc. has arranged a 10-year, 40,000 s/f renewal and expansion of the entire 8th, 10th and 11th floors at 3 East 54th St. ...

Empire State Realty Trust arranges leases in New York City area
Empire State Realty Trust, Inc., a leading real estate investment trust with office and retail properties in Manhattan and the greater New York metropolitan area, ...

Eastern Consolidated retained to sell 100 Greenwich Street
Eastern Consolidated has been retained as the exclusive agent to market for sale an existing 66,530 gross s/f residential and retail property featuring 60 free ...

04-06-2014 - Sheldon Good & Co. to auction condominium at The Ritz-Carlton New York Residences
Sheldon Good & Co., through its luxury real estate division, will auction of a condominium at The Ritz-Carlton New York Residences. This auction marks a ...

Consolo of Douglas Elliman honored at Women of Distinction; Hosted by Harlem Chamber and Harlem arts Alliance
"Woman of Distinction" Faith Hope Consolo, chairman of Douglas Elliman's retail group was congratulated by Lloyd Williams, president of the Greater Harlem Chamber of Commerce, ...

Seherr-Thoss joins Transwestern as principal
Harry Seherr-Thoss has joined Transwestern's N.Y. office as principal - tenant and landlord advisory services. Active in commercial real estate for 30 years, Seherr-Thoss will ...

Triglia of CPEX honored as Top Woman in Business
According to CPEX Real Estate Services, associate Kristina Triglia of the New York retail leasing team has been named a 2014 Top Woman in Business ...

The Marketing Directors named leasing and marketing consultant for 200 East 39th Street by CBSK Ironstate
The Marketing Directors was named leasing and marketing consultant for a new residential development located at 200 East 39th St.'s highly sought-after Murray Hill neighborhood. ...

RockFarmer Capital transforms Astoria residential market with Astoria Lights
RockFarmer Capital LLC, led by principals George Michelis and John Petras, unveiled the record success of Astoria Lights, a residential co-op development in the Astoria ...

Phillips Edison & Company opens New York City and Atlanta, GA offices
Phillips Edison & Company has opened two new offices in New York City and Atlanta, GA. These offices will further expand the company's presence throughout ...

04-23-2014 - Civic Builders to host its 2014 "Making the Grade" Benefit
Civic Builders will host its 2014 "Making the Grade" Benefit on Wednesday, April 23rd at 7 p.m. The event will take place at Harlem Children's ...

Arends returns to Douglas Elliman Real Estate
According to Douglas Elliman Real Estate, top producer Frank Arends is rejoining the company. An award-winning broker since 2005, Arends has consistently been ranked among ...

Cohen, DiBella, Marks, Matheos and Hernandez of TerraCRG retain to sell 43 Lexington Avenue
TerraCRG has been retained as the exclusive agent for the sale of 43 Lexington Ave. in the Clinton Hill neighborhood. Ofer Cohen, Melissa DiBella, Dan ...

Broad Street Development completes 140,000 s/f in leasing at 55 and 61 Broadway
Broad Street Development (BSD), an investor, builder, owner, brokerage and management firm led by Raymond Chalmé and Daniel Blanco, completed 140,000 s/f in lease transactions ...

Warren of Kaufman Org. secures 13,000 s/f sub-lease at 636 Avenue of the Americas to Movable Ink
The Kaufman Org., which specializes in leasing and managing premier office space in New York City, recently brokered a 13,000 s/f sublease at 636 Avenue ...

Hauspurg and Schechtman of Eastern Consolidated arrange $9 million sale
Eastern Consolidated has arranged the $9 million sale of 154 East 23rd St., the former headquarters of the Xavier Society for the Blind, one of ...

Ariel Property Advisors' releases January Multifamily Month in Review
New York City multifamily transactions increased 76% in January 2014 from January 2013, and the dollar volume generated by those trades jumped 107%, according to ...

Professional Profile: Leslie Barnett, 2014
Name: Leslie Barnett Title: Architect Company: LAB Architecture, PLLC Location: New York, N.Y. Birthplace: NYU Hospital Education: B.S. Art & Design, MIT; M. Arch., UC Denver First job outside of ...

Professional Profile: Derrick Do, 2014
Name: Derrick Do Title: Vice President - Commercial Real Estate Company: East West Bank Location: New York, N.Y. Birthplace: Saigon, Vietnam Education: M.B.A., Finance, Loyola University Chicago. Pursuing Chartered Financial ...

Professional Profile: Stephen Santoro, 2014
Name: Stephen Santoro Title: Principal Company: Cresa New York Location: New York, N.Y. Birthplace: Bronxville, N.Y. Education: B.S. in Marketing and Management from Fordham ...

Professional Profile: Patricia Simone, 2014
Name: Patricia Simone Title: Vice President of Leasing and Operations Company: Simone Development Companies Location: Bronx, N.Y. Birthplace: Westchester County, N.Y. Education: Bachelor of arts & sciences in Economics, Emory ...

Kaiser of Cohen Real Estate arranges $20.25 million sale of 9,500 s/f retail condominium; Reps buyer, Berley of Walter & Samuels, and seller, Ackerman of Ackerman and Co.
Cohen Real Estate has arranged the off-market sale of the retail condominium at 2770 Broadway for $20.25 million. The space, which sits at the base ...

Condren, Triglia and Danut of CPEX represent landlord in 2,250 s/f retail lease
The New York CPEX retail leasing team has completed a lease agreement at 365 Knickerbocker Ave. Located in Bushwick between Stockholm and Stanhope Sts., the ...

Ash of Prince Realty Advisors arranges $68 million, 55,565 s/f retail condominium acquisition at 510 Sixth Avenue for Madison International
David Ash, principal and founder of Prince Realty Advisors, has arranged the acquisition of a 49.5%, non-controlling interest in a 55,565 s/f West Village retail ...

Setting up for a "super" comeback
Thank heavens for the Super Bowl! Yes, like everyone else I did not predict the boring blowout that took place in New Jersey, but the tourists ...

Steinberg of Lee NYC leases 1,000 s/f to Suarte
The N.Y. office of Lee & Associates Commercial Real Estate Services (Lee NYC) has closed on a lease transaction on behalf of Suarte Shoes at ...

Berger of Monday Properties leases 10,000 s/f to Urban Space for restaurant
According to Monday Properties and Invesco, Eldon Scott, president of Urban Space, has signed a long-term lease for 10,000 s/f of retail space at 230 ...

TF Cornerstone leases 1,239 s/f to mimi&mo at 4545 Center Blvd.; Store designed by Slade Architecture
A new women and children's boutique, mimi&mo, has signed a long-term, 1,239 s/f lease on the ground floor of TF Cornerstone's 4545 Center Blvd., a ...

EVO Real Estate Group principals buy 12,000 s/f retail condo
Nathan Halegua, Ira Fishman, Joshua Halegua and Dana Moskowitz, the principals of EVO Real Estate Group, have purchased a retail condo of 12,000 s/f consisting ...

Santiago joins Cushman & Wakefield as director
Eva Santiago, a retail strategist and development consultant who most recently served as vice president for retail corporate services at Newmark Grubb Knight Frank, has ...

Consolo, Aquino and Maglio of Douglas Elliman lease space to Food Bank For NYC
The leasing team of Faith Hope Consolo, chairman, and Joseph Aquino, executive VP, along with Arthur Maglio, of Douglas Elliman's retail group has leased a ...

Gedinsky and Rapuano of Winick rep owner of 795 Columbus Avenue in 4,231 s/f lease to Ann Taylor Loft
The retail at Columbus Sq. will soon be home to a new location for women's clothing store Ann Taylor Loft, according to Winick Realty Group ...

Bergman of Muss Development brokers two leases - 17,500 s/f
Muss Development LLC has arranged a 13,500 s/f renewal for CVS Pharmacy and a 4,000 s/f lease for new restaurant "The Boulevard" at the Francis ...

Gevinski and Palmese of Massey Knakal broker $1.05 million sale of Brooklyn retail building
A retail building at 1700 Pitkin Ave., located between Rockaway and Thatford Aves. in the Brownsville neighborhood, was sold in an all-cash transaction valued at ...

Smith of Winick Realty brokers two leases in the Garment Center
Winick Realty Group broker Richard Smith has completed two lease transactions, successfully relocating two long-time tenants in the Garment Center. Twenty-year-old Chinese contemporary sportswear designer Jsong ...

Consolo, Aquino and Maglio of Douglas Elliman awarded exclusive agency for 211 East Broadway
The leasing and sales team of Faith Hope Consolo, chairman, and Joseph Aquino, executive vice president, and Arthur Maglio of Douglas Elliman's retail group has ...

Lee NYC chosen to market 2,200 s/f storefront at 364 Grand Street
The New York office of Lee & Associates NYC LLC (Lee NYC), a privately-held national commercial real estate firm, is marketing a new, 2,200 s/f ...

Pembrook Capital secures $18.577 million bridge loan to acquire 257-unit property
Pembrook Capital Management, LLC has closed on an $18.577 million bridge loan to facilitate the acquisition of Mountain Vista, a 98% occupied, 257-unit multifamily property The ...

Centerline Capital Group provides $2.75 million Fannie Mae loan in Texas
Centerline Capital Group has provided a Fannie Mae DUS loan in the amount of $2.75 million to refinance a multifamily property. St. Antimo Apartments is a ...

Cohen of NorthMarq closes $5.063 million loan for 100-unit multifamily
Gary Cohen, senior vice president/senior director of NorthMarq Capital's N.J.-based regional office closed a $5.063 million loan for the acquisition of Regency Apartments, a 100-unit ...

Knighthead Funding finances $10.7 million first mortgage bridge loan
Knighthead Funding, LLC has financed a $10.7 million first mortgage bridge loan secured by 65 condominium units. The loan proceeds were used to refinance existing ...

GCP Capital Group arranges two mortgages totaling $27.95 million
GCP Capital Group LLC has arranged mortgage financing in the amount of $27.95 million for the following two deals: * $20.6 million for an 18-building apartment ...

Miceli of Largo Group of Cos. places $7.7 million for 160-unit apartment complex
Perry Miceli, principal for the Largo Group of Companies, arranged $7.7 million in financing for the acquisition of a 160-unit apartment complex. Developed in 1991, ...

Cornerstone Realty Capital places $16.5 million financing for two properties
Cornerstone Realty Capital arranged a total of $16.5 million for its client, Nora, LLC. In the first deal, Conerstone placed a $13.6 million loan to refinance ...

Cohen and Beyderman of Meridian Capital refinance $31 million mortgage
Meridian Capital Group, LLC has arranged a $31 million mortgage to refinance the Dwell Cherry Hill Apartments multifamily property on behalf of The Klein Co. The ...

Boyle appointed vice president in Arbor's Bel Air, Maryland office
Arbor Commercial Mortgage, LLC has appointed of Patrick Boyle as vice president. Boyle is responsible for originating multifamily loans nationwide utilizing Arbor's entire product line, ...

Procida and 100 Mile Fund finance Riverwood Chase property for NVR
NVR, Inc. has held the grand opening of the new Mozart town home model at Riverwood Chase, financed by Procida Funding and the 100 Mile ...

Washington Trust provides $3.9 million to Taymil Ivy Manor, LLC
Washington Trust's commercial real estate group provided $3.9 million in financing to Taymil Ivy Manor, LLC, for refinancing and capital improvements to Manchester Green Apartment ...

Sheehan and Sidel of EagleBridge arrange $12.7 million for portfolio
EagleBridge Capital has arranged permanent mortgage financing in the amount of $12.7 million for a multi-state portfolio of retail and office buildings. The portfolio includes ...

Wallace arranges $1.65 million acquisition bridge loan
Wallace Capital, LLC has provided a $1.65 million acquisition bridge loan for a 20-acre site to 2001 Washington Street, LLC. "We are pleased to provide this ...

Marcone of Marcone Capital handles $11.1 million loan for Aegean Capital
Mike Marcone of Marcone Capital, Inc. has arranged $11.1 million financing of a 112,756 s/f NLA office building known as Franklin Oaks Office Park. The ...

Centerline Capital provides a $2.5 million loan to refinance Heirtage Apartments
Centerline Capital Group, a provider of real estate mortgage services for conventional and affordable multifamily housing, has provided a CMBS loan in the amount of ...

Cohen of NorthMarq Capital arranges $3.763 million in refinancing for 77,720 s/f industrial building
Gary Cohen, senior vice president/senior director of NorthMarq Capital's New Jersey office arranged refinancing worth $3.763 million for 2 Dedrick Place. Terms for the 77,720 ...

Klingher, Bell and Washington of Centerline Capital Group facilitates $3.8 million loan for acquisition of Texas multifamily
Centerline Capital Group, a provider of real estate mortgage services for conventional and affordable multifamily housing, has provided a Fannie Mae DUS loan in the ...

Pembrook Capital closes $7.5 million preferred equity financing for San Francisco office property
Pembrook Capital Management, LLC has closed a $7.5 million of preferred equity in a transaction that will help complete the repositioning of a 143,000 s/f ...

Davis of Eastern Consolidated retained to sell 6,486 s/f walk-up building
Eastern Consolidated, a leading investment sales brokerage firm, has been retained as the exclusive agent to market for sale 234 East 7th St., a 6,486 ...

Hill County Barbecue Market Brooklyn and Hill Country Chicken Brooklyn become 1,600th member
According to the Brooklyn Chamber of Commerce, Hill Country Barbecue Market Brooklyn and Hill Country Chicken Brooklyn has become the 1,600th member to join their ...

Greystone puts 79 Horatio on the market
Greystone, a New York-based real estate development and financial group, is now marketing a remarkable conversion of what was a 10-unit apartment building into a ...