Front Section - July 15-28, 2014

Marcus & Millichap completes $10.25m sale of 19 West 8th Street; arranged by Von Der Ahe, Koicim, Lloyd, Lefkovits and Tayar
Marcus & Millichap, one of the leading commercial real estate investment services firms with offices throughout the United States and Canada, arranged the sale of ...

Goldflam of Highcap Group secures $2.7 million sale to 2923 8th Avenue LLC
Josh Goldflam, managing principal of investment sales firm Highcap Group (www. highcapgroup.com), has arranged the sale of the property located at 2923 Eighth Ave. in ...

Founders Message: Best Buy
How to invest and get a quick return (or not). So what does someone do nowadays if they discover that they have some extra money? ...

Pyramid Investors JV arranges $6.65 million sale of former Pyramid Reception Center
Pyramid Investors JV LLC, a joint venture between Manhattan-based Bluestone Group and Bronx developers Altmark Group arranged the $6.65 million purchase of the property known ...

Investment Sales: Is N.Y.C. multifamily still a good buy?
With all the hype and drastic run up in prices, now is perhaps better than ever to find value under the right circumstances. The suggestion ...

de Blasio honors projects at 32nd Annual Awards for Excellence in Design
Mayor Bill de Blasio and Design Commission president Signe Nielsen unveiled public works projects across the five boroughs honored at the 32nd Annual Awards for ...

Meridian Capital Group negotiates $38.31 million in financing; Birnbaum arranges $13.8 million for 267-unit coop
Meridian Capital Group, LLC, one of the leading national commercial real estate finance and advisory firms, arranged the following transactions totaling $38.31 million: * A ...

Bren of Goldschmidt & Associates brokers six leases totaling 18,930 s/f
According to Eric Goldschmidt, senior partner of Goldschmidt & Associates, salesperson Adam Bren negotiated the following six Westchester County leases totaling 18,930 s/f: * 5,000 ...

Jungreis and Scheer of Rosewood close portfolio sale for $12.65 million
Rosewood Realty Group arranged a seven-building portfolio sale for $12.65 million. The buildings include 442-446 Decatur St. in Bedford Stuyvesant and 255-261 and 263-265 Linden ...

Buslik and Godnick of Adams & Co. broker 3,500 s/f for June Media
Adams & Co. Real Estate, LLC brokered 3,500 s/f for June Media Inc. at 276 Fifth Ave. Jeff Buslik, managing director, and Seth Godnick of ...

MacAneney joins Kaufman Dolowich & Voluck as partner
According to Kaufman Dolowich &Voluck LLP (KDV), one of the leading national law firms, J. Robert MacAneney has joined the firm as a partner. MacAneney ...

The value in sticking to a purpose-driven mission
The real estate technology sector has remained red hot and companies are rapidly entering the space with the goal of improving the lives of real ...

Big Brothers Big Sisters sells Murray Hill HQ for $6.75 million; Nazarian of Norman Bobrow reps buyer, Remnant Church
Big Brothers Big Sisters of N.Y.C., a mentoring-focused nonprofit, has sold its 10,364 s/f headquarters at 221-223 East 30th St. to Remnant Presbyterian Church for ...

LRC Properties adds Milovic as associate managing director
Mark Milovic has joined LRC Properties, LLC as associate managing director. Milovic is joining the company's asset management team and will also be assisting ...

Limits on lender's "Sole Discretion"
While loan agreements notoriously grant broad discretion to lenders, there are limits under N.Y. law including the covenant of good faith and fair dealing implied ...

The commercial classroom: Interviewing a tenant or buyer
This column is offered to help educate agents new to commercial and investment brokerage and serve as a review of basics for existing practitioners. This ...

NYCREW to collect school supplies for homeless students during annual Summer Breakfast Series
Members and attendees at the New York Chapter of Commercial Real Estate Women's Network (NYCREW)'s annual Leading Ladies in Real Estate Summer Breakfast Series will ...

NYCREW's spotlight: "Commercial Lending 2.0 and Beyond"
The all-important issue of financing was the focus of the New York Chapter of Commercial Real Estate Women's Network's (NYCREW) last industry spotlight of the ...

Meet the NYCREW Member - Chu
NYCREW welcomes new member Lesley Chu. Chu is an investment analyst and architect. She brings to NYCREW 9 years of commercial real estate experience specializing ...

Letter of Intent - Changing the Skyline
Residential developers are scrambling for a piece of the action, looking to stake their claim to what is seemingly a "crazy" market, since when questioned, ...

O'Connor of DEPM receives Partner in Caring Award at The Bridge's Annual Gala
Jim O'Connor, president of Douglas Elliman Property Management (DEPM) was honored on June 5th at The Bridge's 60th Anniversary gala at the landmark Pierre Hotel. ...

The Torch Foundation's 24th Annual Monte Carlo Night; EVENT honored Sherry and Lifrieri
On March 8th, the Torch Foundation held their 24th Annual Monte Carlo Event at the Grand Hyatt, honoring Dennis Sherry, regional director of management services, ...

Gruzen of IBI Group ▪ Gruzen Samton receives The Jersey City Living Legend Award
Jordan Gruzen, FAIA, received the Jersey City Living Legend Award for carrying on the architectural legacy of the Jersey City firm of Kelly & Gruzen, ...

Cohen joins NYC Housing Partnership as VP - director of real estate development
Daniel Cohen has joined the NYC Housing Partnership as vice president - director of real estate development. Cohen was founder and member of Burlingham Capital ...

Caspi of Caspi Development recognized as Rising Star by Business Council of Westchester
Joshua Caspi, principal of Caspi Development, was honored by the Business Council of Westchester with a "Rising Star - Westchester's Forty Under Forty" award June ...

RGH hires Lloyd and Brooks to supervise sales at Holiday Inn
RGH Hospitality, the hotel management subsidiary of Roedel Cos., recently named Melody Lloyd as general manager and Loretta Brooks as director of sales at the ...

Zere of Zere Real Estate on air on Steve Levy's Radio Show on LI News Radio
Long Island NY David Zere, executive vice president of Zere Real Estate Services was recently on the air on Steve Levy's Radio Show with regards ...

Picoli and Farrell join Avison Young in New York City
According to Avison Young, one of the world's fastest-growing commercial real estate services firms, valuation experts William Picoli and John Farrell have joined the firm ...

Antebi and Landau of GFI sell 8-unit apartment building for $3.95 million
GFI Realty Services, Inc., one of the leading N.Y.-based commercial real estate services firms, arranged the sale of 205 St. James Place, a four-story walk-up ...

Ginsburg Development breaks ground on $65 million Harbor Square development in Ossining
Harbor Sq., a $65 million mixed-use development by Ginsburg Development Cos. (GDC), broke ground - marking the realization of a project that is a critical ...

McDonald joins TerraCRG as multifamily/mixed-use associate
According to TerraCRG, one of Brooklyn's leading commercial real estate brokerage and advisory firms, Robert McDonald has joined the team as an associate. McDonald joined ...

Barish, Hartman, Pliskin and Wierzbicki of Pliskin Realty & Development broker 20-year lease for Foodtown
New Hyde Park, NY Pliskin Realty & Development, a prominent N.Y.-Metropolitan area retail real estate brokerage, property management and investment firm, brokered a 20-year lease ...

Blumberg and Doshi of Besen secure $3.4 million sale
In one of the highest multiples paid for a walk-up apartment building, Lynda Blumberg and Amit Doshi of Besen & Associates arranged the sale of ...

Hirschfield, Gold, Shkury and Sozio of Ariel Property complete $2.95 million sale
Ariel Property Advisors arranged the sale of The Centre Main Building, Cornell Pace Inc.'s mixed-use commercial building at 81 Centre Ave. on the corner of ...

Skanska USA's Flemming honored as "Community Quarterback" at United Way of N.Y.C. Gridiron Gala
Skanska USA building president Bill Flemming, who also sits on the board for the United Way of New York City, was honored as a "Community ...

79th Annual Golf Outing: We triumph with Trump
By Eliezer Rodriguez 124 golfers, 14 tennis players and 60 additional dinner guests took part in the 79th Annual Golf and Tennis Outing hosted by ...

Meet the BMAR Member - Schur
William Schur is the chief executive officer of Schur Management Company, Ltd., a full service property management firm specializing in the operation of multifamily and ...

13th Annual NYS Commercial Real Estate Conference: A success
By John Lavelle I hope everyone is enjoying the summer. Annual Conference The 13th Annual NYS Commercial Real Estate Conference (June2-4) was a huge success! ...

Voda Bauer Real Estate signs exclusive agreement with Westville Restaurant Group
Voda Bauer Real Estate, a revolutionary full-service residential and commercial firm focused on properties in Manhattan and Brooklyn, has signed an exclusive agreement with Westville ...

Time Equities Inc. launches sales to public at downtown's 50 West
Time Equities Inc. (TEI), a leading full-service real estate firm announced today that it has opened sales of its latest new construction, residential condominium development, ...

Highlights from Cassidy Turley's Second Quarter Manhattan Office Market Report
According to Cassidy Turley's Second Quarter Manhattan Office Market Report, New York City's economy continues to grow, rising to 4.5 million in May 2014, up ...

Voda Bauer Real Estate hires Ignatieva as director of investment sales
Voda Bauer Real Estate, a revolutionary full-service residential and commercial firm, today announced it has hired Gina Ignatieva as director of investment sales. Since launching ...

Kazanijian of Meridian Capital Group arranges $3.3 million in permanent financing
Meridian Capital Group, LLC negotiated a $3.3 million loan to refinance a mixed-use property on behalf of Solaris Properties LLC. The two-year loan, provided by ...

NYU Schack Institute of Real Estate registration currently open for 13 summer intensive courses
As part of the New York University School of Continuing and Professional Studies' (NYU-SCPS) summer semester, the NYU Schack Institute of Real Estate has announced ...

07-16-2014 - NYCREW to focus building a career in development
Creating a career in development will be the focus of the next Leading Ladies in Real Estate: Breakfast Series event by the New York Chapter ...

Ideal Properties Group releases Brownstone Brooklyn and Beyond Second Quarter 2014 Residential Market Report
Residential sales prices increased 27.5% in Brownstone Brooklyn and North Brooklyn in the second quarter of 2014 over the same period last year, and rose ...

Falco & Isak Realty Services exclusively retained by ownership to sell 51-17 108th Street
Corona, NY. Falco & Isak Realty Services, has been exclusively retained by ownership to sell 51-17 108th Street, aka 5115-5117 108th Street & 10801-10809 52nd ...

Hammer and Bollag of Meridian Capital arrange $10.5 million in permanent financing for 139 Essex Street
Meridian Capital Group, LLC negotiated $10.5 million to refinance a mixed-use property located on Essex St. in the borough's Lower East Side neighborhood. The seven-year ...

Burrows of WSP holds Q&A at screening of Time Scanners at CUNY Graduate Center
WSP's Steve Burrows answers questions about his discoveries and revelations in the PBS series "Time Scanners," at an advance screening of the premiere episode held ...

CBRE Group, Inc. selected as exclusive leasing agent for 920 Broadway
CBRE Group, Inc. has been appointed exclusive leasing agent for 920 Broadway in Manhattan by the property's owner, KLM Equities. KLM recently purchased the 100,000 ...

REBNY study concludes landmark districts create barriers to housing production throughout the five boroughs
An analysis of housing creation throughout New York City over a 10-year period has concluded that of all the new housing created citywide, less than ...

Average and median Manhattan apartment sales prices hold steady according to Brown Harris Stevens 2014 second quarter Manhattan residential market report
According to the 2014 second quarter Manhattan residential market report released by Brown Harris Stevens, the average Manhattan apartment sale price of $1,700,426 was essentially ...

Lee & Associates NYC's Levitan markets 50 Withers Street in Williamsburg
Lee & Associates NYC LLC managing principal Peter Levitan holds the exclusive agency for a 2,800 s/f retail space at 50 Withers Street, located on ...

Cohen, DiBella, Marks, Matheos and Hernandez of TerraCRG sell Fort Greene multifamily building for $1.26 million
TerraCRG, Brooklyn's leading commercial real estate brokerage firm, announced that they have closed on the sale of the multifamily building at 220 Cumberland Street in ...

TerraCRG retained as exclusive agent for net-lease of 80 Hudson Avenue in Brooklyn
TerraCRG, Brooklyn's leading commercial real estate brokerage firm, have been retained as the exclusive agent for the net-lease of 80 Hudson Avenue in the Vinegar ...

Cohen Brothers names Colliers International exclusive leasing agent for 622 3rd Avenue
Colliers International has been selected by Cohen Brothers Realty Corporation as the exclusive leasing agent for 622 Third Avenue, a one million s/f office building ...

Zillow and Douglas Elliman Real Estate Company launch strategic marketing partnership
Zillow, Inc. and Douglas Elliman Real Estate, one of the largest real estate brokerages in the nation and New York City's largest residential brokerage, have ...

Rosengarten of Leslie J. Garfield & Co. completes sale of 546 East 87th Street for $6.45 million
Leslie J. Garfield & Co., Inc. arranged the sale of 546 East 87th Street, a renovated four-story single-family townhouse located on the South side of ...

Curry of Farrell Fritz receives SNAP's Fred Meyer's Community Partners Award
Farrell Fritz congratulates partner, Peter Curry, who received SNAP's Fred Meyer's Community Partners Award at a luncheon on Friday, June 27, 2014 at Antun's in ...

Goldschmidt of Goldschmidt & Associates brokers sale of 28-40 Westchester Avenue in White Plains for $1.525 million
Eric Goldschmidt, senior partner at Scarsdale-New York based Goldschmidt & Associates brokered the sale of 28-40 Westchester Avenue. The 6,000 s/f retail strip center strategically located ...

Highcap lists two new exclusives in Harlem and Bushwick
Jeff Weiss, an investment sales associate with Highcap Group, has revealed two new exclusives, one located in Harlem and the other, located in the ...

Ariel Property Advisors’ Multifamily Month in Review: New York City for May
New York City multifamily building sales rose 15 percent and the dollar volume of those trades jumped 33 percent in May 2014 compared to May ...