Front Section - August 12-25, 2014

Law: EPA proposes to amend AAI Rule for real estate due diligence
The Environmental Protection Agency published a notice in the June 17, 2014 Federal Register proposing to amend the All Appropriate Inquiries Rule (the AAI Rule) ...

de Blasio reveals partnership to invest $350 million in affordable housing; With stringer, Community Preservation Corp. and Citi
Mayor Bill de Blasio and comptroller Scott Stringer revealed a partnership to establish a $350 million fund to support affordable housing throughout N.Y.C., marking a ...

Rosewood Realty Group completes two sales totaling $22.675 million; Includes $9.675 million sale by Jungreis and Guttman
Rosewood Realty Group arranged the following sales totaling $22.675 million in the Washington Heights section of the borough: * The $13 million sale of 3900 ...

Bokman joins JLL as a managing director
JLL has hired Amanda Bokman as a managing director. She will be responsible for new business development and tenant representation services in the New York ...

CBC Alliance names Cho director of capital markets
According to Coldwell Banker Commercial (CBC) Alliance, a national real estate services firm dedicated to serving small businesses, private investors, and small/mid-cap corporate users of ...

Shaban and Doshi of Besen secure sale of two buildings for $12.613 million
Besen & Associates arranged the sale of a pair of buildings at 110 West 111th St. and 247 West 113th St., all located in the ...

Feder of Meridian Capital arranges $6 million in permanent financing
Meridian Capital Group, LLC, one of the leading national commercial real estate finance and advisory firms, negotiated a $6 million loan to refinance a multifamily ...

Amoruso, Ciotta and Tesoriero of Oxford & Simpson broker $2 million sale
Oxford & Simpson Realty Services, Inc., one of the leading Long Island Commercial Real Estate services firms, arranged a property sale at 569 Broad Hollow ...

Grossman of Friedland Realty completes $2.725 million industrial sale; Co-brokered with F. Rao and M. Rao of NYCRG
According to Friedland Realty Advisors, formerly NAI Friedland, a full-service commercial real estate firm, vice president Andrew Grossman, in conjunction with Frank and Michael Rao, ...

Pershin and Shragaei of GFI sell 275A Malcolm X Blvd. for $1.07 million
GFI Realty Services, Inc., one of the leading, New York-based commercial real estate services firm, arranged the sale of 275A Malcolm X Blvd., a four-story ...

YIDA assists in preservation of historic Alder Manor
The 35,000 s/f Alder Manor on North Broadway will be preserved and used as an expanded location for weddings and other events under an incentive ...

Property listings: Big data vs. the right data
These days there is no shortage of articles discussing "big data" or "data analytics" as the exponential growth of available information on demographics and consumer ...

Executive of the Month: Taitz, managing partner at Roe Taroff Taitz and Portman: Builds foundation on real estate and succession planning; Helping one generation develop a responsible plan for succession to the next generation
Dynasties and empires are second only to glass and chrome when it comes to describing the New York real estate scene. It's a point that ...

9 online marketing tips to drive website traffic
Part 1 of 3 Whether you are a real estate company trying to raise awareness or a developer and/or broker promoting a residential property to ...

Trion selected managing agent for 758 Kelly Street and 2833 Decatur Avenue
Trion Real Estate Management, one of the tri-state area leaders in full-service property management, has been named the new managing agent for two mixed-use buildings ...

NYCREW hosts TriState CREW Interchapter Dinner at Vermilion Restaurant in New York City
Hosted by the New York Chapter of Commercial Real Estate Women's Network (NYCREW), the four New York City area chapters of CREW gathered to welcome ...

Developing a career the recent focus at NYCREW breakfast
Attendees at the most recent Leading Ladies in Real Estate Breakfast series event sponsored by the New York chapter of Commercial Real Estate Women's Network ...

Meet the NYCREW Member: Sheri Best
NYCREW welcomes its newest member, Sheri Best, principal of Pier Head Associates. Best specializes in construction and brings to NYCREW nearly 30 years of Commercial ...

Letter of Intent - Office market continues to heat up
Sales of investment grade properties in N.Y.C. for the trailing 12 months totaled $34 billion across all commercial asset classes. This amount represents an increase ...

Thor and Taconic sign Samsung to 55,000 s/f at 837 Washington Street
Samsung Electronics North America has signed a long-term lease for the entirety of 837 Washington St. in New York City's Meatpacking District, company executives from ...

The comm'l. classroom: Today's listing presentation
This column is offered to help educate agents new to commercial and investment brokerage and serve as a review of basics for existing practitioners. Listing ...

SJP Props. signs 29,000 s/f to Answers Corp. at 11 Times Square; Heryet and Bellwood of Cassidy Turley rep tenant
According to SJP Properties, one of the New York Metropolitan Area's most active and respected development companies, the St. Louis-based Answers Corp. has signed an ...

Green of Evergreen discusses insurers cracking down on buildings with violations
Owners of thousands of pre-war rental buildings in N.Y.C. with many Housing Preservation and Development (HPD) violations are seeing a sharp spike in insurance premiums ...

The Jewish Children's Museum honors Shkury at 8th annual golf celebration
The Jewish Children's Museum honored Shimon Shkury, president of Ariel Property Advisors, at its 8th Annual Golf & Tennis Celebration held at the Cold Spring ...

New York SmartCEO to celebrate 2014 Brava! Awards Winners September 23
New York SmartCEO and Title Sponsor WeiserMazars LLP revealed the 2014 Brava! Award winners. The Brava! Awards celebrate the distinguished achievements of 40 of Greater ...

NAI Friedland rebrands as Friedland Realty Advisors; Introduces new president Cchanzer
With new leadership and a comprehensive strategy for expansion across metropolitan New York and the tri-state area, Friedland Realty Advisors, formerly NAI Friedland - a ...

NYRS holds Annual Summer Party at The Terrace Club in Manhattan on July 15
New York Residential Specialist (NYRS) agents and sponsors gathered at the The Terrace Club on July 15 to celebrate its Annual Summer Party. More than ...

Wolk joins Rosenberg & Estis, P.C. as a member of transaction group
According to Rosenberg & Estis, P.C., Lawrence Wolk, an attorney experienced in commercial real estate mortgage financing and public/private transactions, has joined the firm as ...

Alcott HR appoints Stacha as regional director of sales
Alcott HR, one of the nation's leading Professional Employer Organizations (PEOs) providing a total Human Resources (HR) solution, has appointed Elaine Stacha as regional director ...

Zetlin & De Chiara LLP names Rowland partner
According to Zetlin & De Chiara LLP, James Rowland has been named a partner of the firm. "We are delighted to recognize James for his dedication ...

Piquet Realty adds Benmen as new real estate agent
Piquet Realty, one of the leading luxury real estate firms known for its deep ties to the high-end Brazilian investor community, has added David Benmen ...

The words of a leader: Guarino of Friedman-Roth
By Eliezer Rodriguez On September 2012, Richard Guarino, Friedman-Roth Realty Services LLC, was sworn in as the 56th president of the Bronx Manhattan North Association of ...

Meet the BMAR Member: Christine Monahan
Christine Monahan serves as Sr. account executive of Original Energy a full service Energy Company since 2010. In this capacity Monahan currently oversees over 180 ...

NYSCAR to present "Financial Analysis" September 23
By John Lavelle Financial Analysis and Lease Terms Negotiations On September 23, NYSCAR, in cooperation with the Greater Capital Chapter of NYSCAR, CIREB, and Upstate CCIM, will ...

Ariel Property Advisors' Manhattan 2014 Mid-Year Sales Report
Investment property sales in Manhattan showed a 59 % increase in dollar volume, despite experiencing only a moderate increase in transactions and properties traded in ...

Ariel Property Advisors' Queens 2014 Mid-Year Sales Report
Robust multifamily and development site activity in Queens led to a 42 % increase in investment property sales transactions in the borough in the first ...

Bestreich and Sproviero of Marcus & Millichap arranges the sale of a 31-unit apartment building
Marcus & Millichap, a leading commercial real estate investment services firm with offices throughout the United States and Canada, today announced the sale of 536 ...

Delavale of Breslin secures lease with the Law office of Brian Fishkin, Dianna Lemieux, P.C., and Jody Pugach, P.C. at 500 Old Country Road, Garden City
Breslin Realty arranged the recent lease transaction with the Law office of Brian Fishkin, Dianna Lemieux, P.C., and Jody Pugach, P.C. at 500 Old Country ...

Albanese organization taps Sabre Real Estate Group as retail leasing agent for Wyandanch Village
The Albanese Organization, the master developer of Wyandanch Village, a 40-acre, $500 million sustainable, mixed income, transit-oriented community in Suffolk County, has selected Garden City-based ...

Delavale of Breslin secures lease with EJ Sterling LLC at 500 Old Country Road, Garden City
Breslin Realty arranged the lease transaction with EJ Sterling LLC at 500 Old Country Road. Robert Delavale of the Breslin Organization arranged and negotiated the ...

Ariel Property Advisors' Bronx 2014 Mid-Year Sales Report
Boosted by a trio of multifamily portfolio trades, investment property sales in the Bronx increased 32% and the dollar volume of those deals jumped 92% ...

Ariel Property Advisors' Northern Manhattan 2014 Mid-Year Sales Report
Upper Manhattan investment property prices reached new heights in the first half of 2014, surpassing previous records seen during the peak in 2007, according to ...

NYC multifamily building sales rise 18% in 2Q 2014 compared to 2Q 2013
New York City multifamily building sales increased 18% in the second quarter of 2014 compared to the second quarter of 2013, and the dollar volume ...

Ariel Property Advisors' Brooklyn 2014 Mid-Year Sales Report
In the first half of 2014, total investment property sales in Brooklyn rose 38% from the first half of 2013 to 884, nearly twice the ...

Today's CREW Leaders Support Tomorrow's Professionals
The four New York area chapters of Commercial Real Estate Women's Network welcomed summer and helped support the industry's future as the New York chapter ...

GATES Capital facilitates $21.173 million in financing
GATES Capital Corporation has closed $21.173 million in financing for Leake and Watts Services, Inc. The financing incorporated tax-exempt and taxable bonds issued through the ...

Ariel sells commercial leasehold in the South Bronx for $18.4 million; Sozio, Hirschfield, Gold and Shkury rep seller and procure buyer
Ariel Property Advisors (www.arielpa.com) has arranged the sale of the leasehold at 840 Westchester Ave., a newly constructed commercial building in the Morrisania section of ...

SL Green Realty Corp. secures 21,802 s/f for Infor at 635-641 Avenue of the Americas
According to SL Green Realty Corp. (SLG), Infor, one of the world's largest business software companies, has leased the penthouse duplex covering 21,802 s/f at ...

Sozio, Tortorici, Deutch and Berkowitz of Ariel Property Advisors sells 255 West 134th Street for $790,000
A 15-foot-wide townhouse at 255 West 134th Street in Central Harlem sold for $790,000. Exclusive agents Victor Sozio, Michael Tortorici, Jesse Deutch, and Josh Berkowitz ...

Ariel Property Advisors arranges sale of three properties totaling $6.85 million
Ariel Property Advisors (www.arielpa.com) arranged the sale of the following three properties totaling $6.85 million: * A 75-ft.-wide development site at 531 West 159th St. in ...

Founders Message: Will Rogers
Will Rogers was one of the world's most popular celebrities in the 1920s and 1930s and known as "The Ambassador of Good Will" and "The ...