New York City - July 28-10, 2015

Rosewood Realty Group completes five sales totaling $101.96 million
Rosewood Realty Group has closed five deals totaling $101.96 million. In the first deal, E&M Associates paid $72.3 million for a pair of Astoria rental properties ...

Tolchin, Oelsner, Ledesma, Gold and Baxter of JLL rep two joint ventures in acquisition of Gotham Court for $29.1 million
A partnership of two joint ventures that purchased Gotham Court (152 Ludlow St. and 149-151 Essex St.) on the Lower East Side for $19.1 million ...

Vegh of Westwood Realty arranged two sales totaling $37.3million; Includes a five-building package for $25.8 million
Steven Vegh of Westwood Realty Associates has brokered two sales totaling $37.3 million. In the first deal, a Brooklyn-based investor closed on a five-building package of ...

Real estate in a mobile world: Our world is changing - fast
Our world is changing - fast. Technology is rapidly advancing. Innovation is touching every aspect of our lives. Industries are being reinvented and revolutionized. Barriers ...

Dolgin of KDA brokers $6.2 million industrial building sale in Brooklyn; Co-represented seller with Halliburton of Halstead Properties
Kalmon Dolgin Affiliates, Inc. (KDA) co-represented the seller in the sale of a 60,000 s/f industrial property at 507 Osborn St. for $6.2 million, according ...

Hess and Cohen of TerraCRG handle $37 million sale of two multifamily properties
Adam Hess and Ofer Cohen of TerraCRG have completed the sale of 719-723 8th Ave. and 704 8th Ave. in Park Slope. Hess and Cohen ...

NGKF completes two leases totaling 16,269 s/f at The Factory in Long Island City
According to Atlas Capital Group, two new leases totaling 16,269 s/f have been signed at The Factory. Gwynnie Bee leased a 12,702 s/f pre-built suite ...

Fletcher, Klauer and Savino of Greystone Bassuk closes $254 million construction loan
According to Richard Bassuk, chief executive officer, and Drew Fletcher, executive vice president, of Greystone Bassuk, a $254 million construction-to-perm financing facility with Bank of ...

Schmuckler and Shifer of Meridian Capital Group arrange $40 million for 600-unit multifamily portfolio
Meridian Capital Group has arranged $40 million in financing for a 600-unit multifamily portfolio located in New York and Brooklyn. The 15-year, $40 million self-liquidating balance ...

Kapahi and Simon of HKS secure $109 million loan from Fortress Investment for SLS Hotel at 444 Park Avenue South; Placed for Moinian of Moin Development and Nazarian of SBE
David Moinian of Moin Development and Sam Nazarian of SBE acquired the financing needed to complete their flagship SLS Hotel at 444 Park Ave. South. Ayush ...

Unity Capital arranges financing for two loans totaling $8.188 million in New York City
Unity Capital has arranged the financing for two loans totaling $8.188 million: * $7.638 million for two townhomes on Upper West Side. The purchase money loan ...

GCP Capital Group arranges 13 deals totaling $254.898 million
GCP Capital Group LLC has arranged mortgage financing in the aggregate amount of $254.898 million for the following 13 properties: * $100 million for a portfolio ...

Rose Associates secures $182 million in financing for development of 7 West 21st Street
Rose Associates has closed a $182 million loan funded by the issuance of bonds provided by the New York State Housing Finance Agency for the ...

Hakim, Zabala and Murad of Eastern Consolidated arranges $65 million in financing
According to Eastern Consolidated, Adam Hakim and Sam Zabala, managing directors in its capital advisory division, raised a total of $65 million in debt and ...

CIT receives approval to acquire OneWest Bank
CIT Group Inc., a leading provider of commercial lending and leasing services, has received approval from the Federal Reserve Board, the Office of the Comptroller ...

GCP Capital Group arranges two finance deals totaling $40.7 million
GCP Capital Group LLC has arranged mortgage financing in the aggregate amount of $40.7 million for the following two deals: * $33 million for a portfolio ...

Tirado of Largo secures $20 million for five hotels located across the U.S.
Lori Tirado, managing director of the Largo Hospitality Finance Group, secured $20 million in financing for five hotel properties located across the U.S. The properties ...

Hammer and Karpel of Meridan arrange $52.8 million in acquisition financing
Meridian Capital Group, America's most active debt broker, arranged $52.8 million in acquisition financing for the purchase of the Greenbrook Gardens multifamily property on behalf ...

Raneri and Nalbandian of NorthMarq negotiate $51.844 million refinance
Robert Ranieri, senior vice president/managing director of NorthMarq Capital's Greater Westchester NY/CT-based regional office and Greg Nalbandian, senior vice president/managing director of NorthMarq's New Jersey-based ...

Natale and Battaglia of Walker & Dunlop close $19.5 million Fannie Mae loan
Walker & Dunlop, Inc. closed a $19,521,000 Fannie Mae Fixed Rate loan for True North Capital Partners' acquisition of Wakefield Vista Apartments, a 114-unit property. ...

Douvadjian, Welch and Poole of Colliers arrange $50.7 million financing
The Boston capital markets team of Colliers International closed $50.703 million of financing for commercial properties in Somerville, Carver, Peabody and Woburn from three separate ...

Cornerstone Realty Capital arranges financing for two properties - $3.25 million
Cornerstone Realty Capital arranged $2.45 million in financing on behalf of its client, 3-5 Maple Ave. LLC. The funds will be used to refinance two ...

Sidel and Sheehan of EagleBridge arrange $7.5 million for four buildings
EagleBridge Capital has arranged permanent mortgage financing in the amount of $7.5 million for four buildings located on Vanderbilt Ave. The mortgage financing was arranged ...

Citizens Bank loans $6.1 million to Wildtree Herbs
Citizens Bank closed a $6.1 million loan for Wildtree Herbs Inc., a direct seller of all-natural and organic gourmet culinary blends, infused grape seed oils, ...

Herz of Boston Realty Advisors secures $14.75 million in financing
Boston Realty Advisors (BRA) has arranged senior secured debt financing for the acquisition and repositioning of Casco Crossing, a 96-unit class A apartment community. Debt ...

New York Life Real Estate Investors places $33 million for 146,000 s/f office
New York Life Real Estate Investors placed the financing, on behalf of institutional investors, of 51 Sleeper St., a 146,000 s/f office property. The building ...

Holding period requirements in a 1031 exchange: Not just a matter of time. Intent is key.
Property must be "held" for investment or business use (a "qualified purpose") in a 1031 tax-deferred exchange. This requirement applies to property being sold ...

Schwartz and Herzog of JLL secure $21 million in financing
On behalf of ASH NYC LLC, JLL's Capital Markets experts have secured $21 million in construction financing for 336 Himrod St., a mixed-used, "80/20" development ...

Zegen of MRC negotiates $37 million for three Queens properties
Madison Realty Capital (MRC) has provided $37 million of financing collateralized by three properties located in the neighborhoods of Jamaica and Flushing. The borrower needed ...

Eastern Consolidated chosen to market 507 West 24th Street
Eastern Consolidated has been named the exclusive agent to market 507 West 24th St., a newly constructed, one-story commercial property situated directly beneath The High ...

CBRE leads CoStar's 2015 midyear Manhattan office leasing list; Posts 22 of the top 50 deals
CBRE Group, Inc. turned in the top performance on the 2015 Midyear List of Top Office Leases, responsible for 22 of the top 50 transactions, ...

Kaufman Organization completes 9,500 s/f lease at 100-104 Fifth Avenue
Clarion Partners, a leading real estate investment adviser and owner of 100-104 Fifth Ave. on behalf of one of its commingled funds, has completed a ...

Savills Studley releases 2015 Q2 National Report
Savills Studley, the leading global commercial real estate services firm specializing in tenant representation, today released its National and Regional editions of the Savills Studley ...

The Real Estate Lenders Association and Chandan Economics present Spring 2015 Survey of Commercial Real Estate Lender Sentiment
The Real Estate Lenders Association (RELA) unvield the findings of its Spring 2015 Survey of Commercial Real Estate Lender Sentiment. The survey features analysis by ...

Ariel Property Advisors' Multifamily Month in Review: May Multifamily Figures Post Third Straight Month of Year-Over-Year Gains
Highlighting the market's strength heading into the summer months, New York City multifamily figures experienced year-over-year gains in dollar volume, transaction volume and building volume ...

Kratsman and Gorospe join Corgan's New York City office
According to Corgan, Florencia Kratsman and Morgan Gorospe have joined the New York City office. Kratsman has joined as vice president, contributing 20 years of ...

Famularo and Idnani of Eastern Consolidated arranges 5,500 s/f lease for All My Children Day Care & Nursery School
Eastern Consolidated has arranged a 15-year, 5,500 s/f retail lease for All My Children Day Care & Nursery School at 101 West 85th St. on ...

Boutross, Kaplan and Podolsky of Winick Realty market retail space at 66 Ainslie Street
According to Winick Realty Group a newly-constructed corner retail space in East Williamsburg is available. Diana Boutross, Jordan Kaplan and Maxwell Podolsky are exclusively marketing ...

Thor Equities acquires 37-39 Green Street
Thor Equities continues to expand its SoHo portfolio with the acquisition of the retail portion of 37-39 Greene St. Located in one of the most sought ...

Dolgin and Unger of Kalmon Dolgin Affiliates arrange 50,000 s/f lease
Kalmon Dolgin Affiliates, Inc. (KDA) has arranged a 50,000 s/f lease for Koppers Specialty Chocolate Company at Liberty View Plaza at 850 3rd Ave. in ...

Condominium conversions keep the Manhattan development market strong
The development market in Manhattan has been as active as any asset class in recent years, even with the continued rise in land prices. Year ...

Using Internal Revenue Code (IRC) section 453 for deferring capital gains tax
Do you own highly appreciated real estate? Did you know that you can sell your property or your business and defer the capital gains taxes without ...

Professional Profile: Benjamin Blumenthal 2015
Name: Benjamin Blumenthal Title: Managing Director Company: Norman Bobrow & Co, Inc. Location: New York, NY Birthplace: Queens, NY Education: Yeshiva University First job outside of real ...

Professional Profile: Elliot Bogod 2015
Name: Elliot Bogod Title: President Company: Broadway Realty Location: 150 Broadway, New York City Birthplace: St. Petersburg, Russia Education: Bachelor degree in Business Administration and Marketing First ...

Professional Profile: Carmel Caramagna 2015
Name: Carmel Caramagna Title: SVP, Director - Commercial Title Insurance Division Company: Westcor Land Title Insurance Company Location: 488 Madison Ave., Suite 1100, New York, NY 10022 Birthplace: Paterson, ...

Professional Profile: William Gati 2015
Name: William Gati Title: Architect Company: Architecture Studio Location: Queens, NY Birthplace: Rio de Janeiro, Brazil Education: B.S., B. Arch., M Arch. First job outside ...

JDS and Property Markets Group hold Stella Tower's Actors Fund event
JDS Development Group and Property Markets Group, the development team behind residential condominium conversion building Stella Tower, held an event at the building in conjunction ...

Goldman Copeland Associates promotes McBride, Mitchell and Colombini as principals and Kemp and Galarza as associates
Goldman Copeland Associates, PC (GOCO), one of the most innovative mechanical and electrical (MEP) engineering design and consulting firms in the greater New York area, ...

Question of the Month: What is the effect of bankruptcy code on commercial leases when a tenant files for bankruptcy? (Part 1)
In Ancient Rome, the Law of the Twelve Tables provided a debtor with thirty days to pay the debts. After that the creditors could fasten ...

Executive of the Month: Schwartz, real estate department chair of Herrick, Feinstein; Leads a group of 53 attorneys and planners
As chair of the real estate department at the law firm Herrick, Feinstein LLP, Belinda Schwartz leads a group of 53 attorneys and urban planners, ...

Kaplan, Pruger and Gallina of NGKF complete two CVS leases totaling 33,950 s/f
Newmark Grubb Knight Frank (NGKF) has represented retail pharmacy CVS Pharmacy (CVS) in leasing of two locations totaling 33,950 s/f. In the first deal, CVS will ...

Schmerzler and Mendelson of Cushman & Wakefield and Berkey of L&L lease 20,344 s/f to Anthropologie
Cushman & Wakefield has negotiated a 15-year, 20,344 s/f, two-level lease with Anthropologie on behalf of L&L Holding Co., owner of 195 Broadway. The 1 ...

Kunikoff and Kave of Lee NYC handle 12,000 s/f lease for Howl at the Moon
Robert Kunikoff, executive managing director/principal, and Richard Kave, managing director of Lee & Associates NYC LLC (Lee NY) along with Victor Menkin, president of Menkin ...

Ezra, Schuster and Berkowitz of RKF arrange 5,218 s/f lease to Adidas at SL Green's 115 Spring Street
According to SL Green Realty Corp., Adidas has signed a 10-year lease at 115 Spring St. The two-level 5,218 s/f space will be the new ...

Piazza of Charles Piazza Real Estate and Piazza of DJK lease 2,300 s/f; landlord represented by Aizer of Aizer Realty Group
Charles Piazza of Charles Piazza Real Estate and Eric Piazza of DJK Commercial Realty represented the tenant, Sottocasa Pizzeria, in a 10-year, 2,300 s/f lease ...

Famularo, Geoghegan and Idnani of Eastern Consolidated lease 1,400 s/f
Eastern Consolidated has arranged a 15-year, 1,400 s/f lease for the Eatery, a popular Hell's Kitchen restaurant that is relocating to 788 Ninth Ave. after ...

Klinger and Brandes of SCG lease 1,000 s/f to Papyrus
SCG Retail has signed a 1,000 s/f lease for Papyrus at 149 Reade St. between Hudson and Greenwich St. in TriBeCa. The leased was signed ...

Retail leases: Creating the letter of intent
An important document prior to the lease, the letter of intent should cover: * Zoning Exceptions: A sporting goods store may want to ...

Klein of EVO negotiates 10,000 s/f lease for Poliform USA at 112 Madison Avenue
Elliot Klein of EVO Real Estate Group, a member of NAI Global, has negotiated a lease for Poliform USA, a home furnishings brand, for a ...

Yunis of CBRE Retail arranges 7,000 s/f lease to Breitling at 575 Madison Avenue
CBRE Group, Inc. has represented Steinberg & Pokoik, owner of 575 Madison Ave., in the 12-year, 7,000 s/f, three-level flagship retail lease with Swiss watchmaker ...

Fishbein, Kaplan and Diamond of Winick secure 550 s/f lease for Stolle
Eastern European café chain Stolle signed a lease for its first area location, securing 550 s/f of ground-floor retail space with 40 ft. of all-glass ...

Strauss and Talmadge of RKF lease 4,200 s/f to Joe and the Juice
RKF has arranged a 4,200 s/f lease with Danish juice bar Joe and the Juice at 67 Spring St. in SoHo. This will be the ...

HGI sells 5,046 s/f Harlem retail property for $16.5 million; C&W reps seller and Moshe Group reps buyer
According to Harbor Group International, LLC (HGI), an affiliate of its company has sold a 5,046 s/f retail property located at 246-248 West 125th St. ...

Cornerstone Group of NY arranges $6.42 million in financing for three New York properties
The Cornerstone Group of NY has arranged the financing of three properties totaling $6.42 million: • 405 Park Place, Brooklyn, NY - three-family - Prospects Heights: ...