Front Section - April 22-5, 2014

Investment Sales: Upper Manhattan - A smart investment
I love transacting all over New York City. However, when asked, "Where should I invest?" My answer has been and continues to be "Upper Manhattan." ...

de Blasio appointments PeÑa-Mora, Jiha, Camilo And Ehrenberg to administration
Mayor Bill de Blasio named four key appointments to his administration, building on his commitment to a progressive, diverse and effective administration. The mayor appointed ...

Isak of Falco & Isak arranges $1.8 million sale of 30-44 Steinway Street
Rubin Isak, CEO/co-founder of Falco & Isak Realty Services has sold 30-44 Steinway St. in Astoria, in an all-cash transaction valued at $1.8 million. The ...

Portelli of Highcap Group sells 396-398 Broadway for $42 million
Christen Portelli, managing principal, of Manhattan-based investment sales firm Highcap Group, represented both the purchaser and seller in the sale of 396-398 Broadway, which closed ...

Berley of Walter & Samuels, Inc. acquires 300 and 302 East 96th Street
Real estate firm Walter & Samuels, Inc., an investment group headed by its chairman, David Berley, has acquired two properties situated on the corner of ...

MHP arranges two leases totaling 5,699 s/f
MHP Real Estate Services arranged the following leases totaling 5,699 s/f: * Berman & Palitz LLP signed a 7-year lease at 17 Battery Place for 2,750 ...

Jungreis, Kerwin and Guttman of Rosewood secure $40 million sale; Mohegan Crotona Associates sells 11-building portfolio
Rosewood Realty Group arranged the $40 million sale of an 11-building portfolio in the Tremont section of the borough. The combined 348,726 s/f portfolio consists ...

Robinson joins Colliers to lead U.S. business
According to Colliers International, commercial real estate veteran Craig Robinson will take the reins as president of Colliers' U.S. business, a newly created position. Robinson ...

May 20 tax assessment grievance deadline
The law firm Herman Katz Cangemi & Clyne LLP (HKCC) reminds business property owners and multifamily residential developments in Suffolk County and throughout New York ...

Meridian Capital Group negotiates $36.24 million in financing; Bar-Or finances $11.5 million mortgage for 79-unit building
Meridian Capital Group, LLC, one of the leading national commercial real estate finance and advisory firms, arranged the following mortgages totaling $36.24 million: * A new ...

Lichtenstein of LichtensteinRE completes $6 million sale of 56 apartments
Andrew Lichtenstein, president of LichtensteinRE, has sold a five building multifamily garden apartment complex located at 119-143 Maple Ave. and 130-130A West St. for $6 ...

Strengthening fire safety laws for residential high-rise buildings
Without warning tragedy erupted in East Harlem. A residential gas line explosion leveled two buildings on Park Ave. at 116th St., killing eight and injuring ...

Doshi and Mehra of Besen sell 820-830 Riverside Drive for $9.4 million; McCrossen of Donovan LLP reps the seller
Besen & Associates arranged the sale of 820-830 Riverside Dr., a 5-story walk-up residential building with 46 apartments. The property has dimensions of 130' x ...

Katz and Pershin of GFI complete $2.275 million sale
GFI Realty Services, Inc., one of the leading New York-based commercial real estate services firms, arranged the sale of 180 Decatur St., a three-story walk-up ...

Edelkopf of Itzhaki arranges $1.25 million sale
Itzhaki Properties, a full-service commercial investment brokerage firm, arranged the sale of residential building 334 Chauncey St., located between Howard and Saratoga Aves. in the ...

Ariel Property Advisors sells four uptown properties totaling $10.65 million; Sozio, Shkury, Tortorici And Deutch complete $6.9 million sale
Ariel Property Advisors arranged the sale of the following four properties totaling $10.65 million: * A six-story multifamily building at 540-542 West 157th St. between Broadway ...

Sizmek Technologies signs 21,100 s/f lease at Meringoff Properties' 401 Park Avenue South; Stein and Vacker of Meringoff act in-house on behalf of ownership
Sizmek Technologies Inc., one of the world's leading independent ad management and distribution platforms, has signed a 21,100 s/f lease for the entire fifth floor ...

Silvershore Properties purchases 27 East 20th Street for $3.3 million
Silvershore Properties has purchased 27 East 20th St. for $3.3 million. The 5,200 s/f four-story walk-up building, between Park Ave. South and Broadway, features Rohm ...

Cohen of Levin Management negotiates 41,300 s/f lease to Dave & Buster's at Post Road Plaza
Dave & Buster's, the casual dining/entertainment chain, has leased 41,300 s/f at Post Rd. Plaza, according to Levin Management, exclusive leasing and managing agent for ...

Lambert joins Marcus & Millichap Capital Corp.
Marcus & Millichap Capital Corp. (MMCC), one of the leading providers of commercial real estate financing and capital markets expertise, has hired Michael Lambert as ...

Thru the lens: LERA WTC Stair Climb
Leslie E. Robertson Associates (LERA) raced to the top of 4 World Trade Center, in support of the Damon Runyon Cancer Research Foundation as part ...

Thru the lens: "Navigating New York's Hottest New Markets"
More than 500 leading members of the real estate industry gathered for the Real Estate Board of New York's (REBNY) Members' Luncheon to hear a ...

Thru the lens: 37th Annual Empire State Building Run-Up
Congratulations to Bryan McCormick, Damla Yerdelenli and Tyler Hochanadel of Jones Lang LaSalle, the team that won the Broker's Challenge in the 37th Annual Empire ...

Thru the lens: Fox Residential Group celebrates 25th anniversary
At a luncheon soirée at Orsay Restaurant on the Upper East Side, Barbara Fox, president and founder of Fox Residential Group, celebrated the firm's 25th ...

Remember when: April 26, 1993
CVS opened a new CVS Pharmacy store at South County Rd. The space for the 8,400 s/f store was negotiated by CVS Real Estate regional ...

Bakhchi of Hybrid Capital arranges $7.5 million in financing; 100-unit, six-story affordable housing property
Hybrid Capital, a full-service commercial mortgage and advisory firm, arranged $7.5 million in permanent financing for a 100-unit, six-story affordable housing property. The announcement was ...

Milio Realty changes name to Trion Real Estate Management
Milio Realty Corp., a tri-state area leader in full service property management, has been renamed Trion Real Estate Management. The name change is part of ...

Newmark Associates honored with 2013 CoStar Power Broker Award
Newmark Associates, Inc., one of New Jersey's most respected and successful commercial real estate firms, has received from CoStar Group, Inc. the 2013 Power Broker ...

The Bascom Group closes 138-unit apartment community for $13.4 million
The Bascom Group, LLC has acquired Four Winds Apartments, a 138-unit garden style community located at 8121 Broadway Ave. for $13.4 million or $97,101 per ...

Adams of NAI Summit leases 4,800 s/f of warehouse space to Fresh Pet
NAI Summit's, Mike Adams, represented Fresh Pet in the lease transaction of 4,800 s/f of warehouse space at 754 Roble Rd. Adams also represented the ...

Stirling Properties acquires 246-unit class A Ansley Place Apartments
Stirling Communities II, LLC, an entity of investors led by Stirling Properties, completed the acquisition of Ansley Place Apartments. Ansley Place is a 246-unit class ...

Heiss of Largo finances $45.55 million for grocery anchored retail portfolio
Kevin Heiss, managing director of the Largo Group of Companies, arranged $45.55 million in financing for the acquisition of a portfolio of grocery anchored retail ...

Davidovic and Bortz of The Kislak Company complete $18.25 million sale
The Kislak Company, Inc., one of the dominant investment real estate sales firms in the tri-state region, arranged the $18.25 million sale of a 16,000 ...

HallKeen Management acquires Park City Apartments
HallKeen Management, of Norwood, MA, arranged the acquisition of Park City Apartments, a 180-unit community. In cooperation with local partner, the Opa-Locka Community Development Corp. ...

Argo Real Estate and Alpine Development complete $33.55 million sale of The Artisan
According to Argo Real Estate and Alpine Development, The Artisan, a 59-unit luxury residential development located at 1400 Clinton St. and 1440 Grand St., has ...

ARC Hospitality completes acquisition of first six hotels for $101.5 million
American Realty Capital Hospitality Trust, Inc. (ARC Hospitality) has closed on the acquisition of interests in six hotels in March, marking ARC Hospitality's first property ...

NINE at Mary Brickell Village celebrates brokers' achievements
NINE at Mary Brickell Village, a condominium in Brickell Village, hosted 100 guests at Perricone's for an intimate cocktail to recognize the brokers' success. Lynd ...

Levin Management promotes Frantzman to senior leasing representative
Jake Frantzman has been promoted to senior leasing representative at Levin Management, according to Matthew Harding, president of the North Plainfield-based firm. He joined Levin ...

Veolia and Wheelabrator Technologies renew supply agreement
Veolia Energy North America, one of the leading operator and developers of efficient energy solutions, and Wheelabrator Technologies Inc., a renewable waste-to-energy company, have extended ...

Capital Square Realty Advisors acquires CVS
According to Capital Square Realty Advisors, LLC an affiliate of the company has purchased a 14,378 s/f CVS retail facility on the Las Vegas Strip. Located ...

Diamant and Beren of Meridian finance $3.1 million
A new mortgage of $3.1 million was placed by Meridian Capital group on a 41-unit, four-story multifamily building located on Franklin St. The loan features ...

Centerline Capital Group provides $6.26 million loan for CaSienna Apartment Homes
Centerline Capital Group, a provider of real estate mortgage services for affordable and conventional multifamily housing, has provided a $6.26 million Fannie Mae loan to ...

Burton and Nelson of Massey Knakal rep seller in $4.1 million sale
According to Massey Knakal, a townhouse at 45 Horatio St., located between Greenwich and Hudson Sts. in the Greenwich Village Historic District, was sold in ...

Gordon and Simon of Admiral receive CoStar Power Broker Awards
According to Admiral Real Estate Services Corp., Jonathan Gordon and Joan Simon have been individually recognized as a CoStar Power Broker by CoStar Group (CSGP), ...

Solarz re-joins EC as executive managing director
According to Eastern Consolidated (EC), 29-year industry veteran Ron Solarz has rejoined the organization as an executive managing director and principal. One of the most respected ...

Cohen and Beyderman of Meridian Capital negotiate $31 million in financing for Dwell Cherry Hill Apartments
Meridian Capital Group, LLC, one of the leading national commercial real estate finance and advisory firms, arranged a $31 million mortgage to refinance the Dwell ...

Avison Young releases first quarter 2014 Manhattan office market analysis; Manhattan office leasing on pace to exceed record 2013 levels as average asking rents soar
Heading into the second quarter of 2014, Manhattan office leasing is on pace to exceed 2013's record activity, with high demand for class A office ...

Edelkopf and Weingarten of Itzhaki Properties arranges $900,000 sale of development opportunity in Brooklyn
Itzhaki Properties, a full-service commercial investment brokerage firm, arranged the sale of a development opportunity located at 1144 DeKalb Ave., between Bushwick Ave. and Broadway, ...

Savanna leases two full floors at 100 wall street totaling 39,298 s/f
Savanna, a New York-based real estate private equity and asset management firm, has arranged the signing of a new lease at 100 Wall Street for ...

Leary, Safina, Pallas and Condren of CPEX arrange the sale of 351 Franklin Avenue for $7 million
CPEX Real Estate Services arranged the sale of 351 Franklin Ave. in Clinton Hill. The property is a newly constructed residential building that measures 13,358 ...

Stalco completes $24 million renovation of Lincoln Medical Center ED; Project team includes: Perkins Eastman, Hunter Roberts and GACE
Representatives of the New York City Health and Hospitals Corporation (HHC) and Generations+ Northern Manhattan Health Network, political and community leaders, general contractor Stalco Construction, ...

Brown of The Cornerstone Group of NY finances $4.25 million for 24-unit office building
Kevin Brown, managing director of The Cornerstone Group of NY LLC (www.csg-ny.com), marked the start of 2014 by arranging commercial mortgage financing for a 24-unit ...

Fryer of G.S. Wilcox & Co. closes $19.95 million in financing in Rockland County
David Fryer, principal of G.S. Wilcox & Co., has arranged financing totaling $19.95 million. The loan was originated with Redwood Commercial Mortgage Corp. with the borrower ...

04-25-2014 – Center for Real Estate Studies at New York Law School to hold Rooftops Conference
The Center for Real Estate Studies at New York Law School will present “Rooftops Conference NYC 2014 - Exploring How Real Estate Impacts Not-for-Profit Organizations” ...