Front Section - June 23-6, 2015

De Blasio Administration arranges labor agreements on public projects; To save city $347 million / opening doors for M/WBE businesses
Mayor Bill de Blasio, counsel to mayor and M/WBE director Maya Wiley, contract services director Lisette Camilo, senior advisor to the mayor Bill Goldstein, and ...

Broderick joins DLA Piper's finance practice as partner
According to DLA Piper, David Broderick has joined the firm's finance practice as a partner. Broderick focuses on all aspects of real estate finance and the ...

Hammer of Meridian Capital Group closes 15 loans totaling $43.5 million; 354 units, 63,500 s/f retail and 128,400 s/f warehouse space
Meridian Capital Group, one of America's most active debt brokers, arranged financing for 15 loans totaling $43.5 million for multifamily, mixed-use, cooperative, commercial condominium, shopping ...

Fishman joins Warburg Realty
According to Warburg Realty, Susan Fishman has joined the firm's growing Upper West Side office at 451 Columbus Ave. With a decade of industry experience, ...

Finno of Marcus & Millichap sells 425-429 East 53rd Street for $30.72 million; reps seller Newel LLC - 34,125 s/f Newel Building
Marcus & Millichap (MMI), one of the leading commercial real estate investment services firms with offices throughout the U.S. and Canada, arranged the sale of ...

Falco of Falco Isak Realty handles $3.825 million sale of 86-32 Broadway
John Falco, president of Falco Isak Realty Services, an investment sales firm, exclusively sold 86-32 Broadway in the Elmhurst neighborhood of the borough in an ...

Marathon Energy supports Ronald McDonald House of NY; 20th Annual Niki Sedaris Memorial Walkathon
"As a family owned and operated business, we feel it is our duty to give back to the families in our communities," said Jerry Drenis, ...

The Yard opens fifth location at 246 Fifth Avenue
The Yard continues its rapid growth with two new locations opening in Manhattan. New York City's office suite and coworking space will open its fifth ...

GDC celebrates grand opening of $34.7 million apartment complex; 110,436 s/f Riverside at Harbors-at-Haverstraw
Rockland County and Haverstraw Town and Village officials joined with Ginsburg Development Companies (GDC) to celebrate the grand opening of the 110,436 s/f Riverside at ...

Idnani and Famularo of Eastern Consolidated secure 600 s/f lease
Eastern Consolidated arranged a long-term lease for a wine store in a 600 s/f space at Turnstyle, the underground urban market being developed adjacent to ...

Kim joins Douglas Elliman Development Marketing as chief creative officer for development marketing, Florida and California
Douglas Elliman Development Marketing announces the appointment of Roy Kim as Chief Creative Officer for Development Marketing, Florida and California. In the newly created position, ...

Titan Capital funds $6.25 million for West Village Townhouse
Titan Capital was contacted by a property owner who was looking to refinance a maturing loan on a three-story townhouse located at 53 Jane St. ...

CREW NY celebrates first unified season at members-only luncheon; Merger of the NYCREW and AREW - formed in January
CREW New York, formed in January from the merger of the New York Chapter of Commercial Real Estate Women's Network and the Association of Real ...

Hagerup joins EVO Real Estate Group
Christopher Hagerup has joined EVO Real Estate Group, a member of NAI Global, as a real estate advisor, according to Dana Moskowitz, the firm's president. Hagerup ...

Duffy of Centum Real Estate completes $8.32 million sale of 137 Ludlow St. on behalf of Princeton Holdings
Centum Real Estate Group, a full-service brokerage firm with licenses in New York & New Jersey,completed a sale transaction at 137 Ludlow St. Otis Duffy, ...

Question of the Month: What should building owners and managers know regarding Law 37/08's requirements?
While the 8th Cycle of Local Law 11/98 (FISP) is well underway, building owners and managers in New York City should also be aware of ...

Levy of Adams & Co. secures 3,092 s/f for Accessories House NY; Also reps landlord: Thirty West Thirty Third Associates
Adams & Co. Real Estate, LLC, one of Manhattan's premier full-service real estate firm specializing in property management, brokerage and consulting servicess, brokered a 3,092 ...

Haughton-Owens joins First Nationwide Title
As First Nationwide Title Agency continues to expand, president Steven Napolitano revealed long-time commercial real estate veteran Fern Haughton-Owens, with 40 years of experience, has ...

GHP secures 25,352 s/f headquarters lease with Putnam County Savings Bank at 2651 Strang Boulevard
According to GHP Office Realty, one of the major White Plains-based owner and managers of commercial properties in Westchester County, Putnam County Savings Bank has ...

Executive of the Month: Engel of Langsam Property Services: Proud to advocate on behalf of the multifamily industry; Fortunate to run a firm with a sterling reputation for managing even the most distressed properties
The New York Real Estate Journal recently sat down with Matt Engel, president, Langsam Property Services Corp., for a question and answer session. Q: How and ...

Bed Bugs: Getting out of bed and getting into your business
Bed bug infestations in commercial properties are serious business. Any kind of pest can disrupt business, but bed bugs put commercial property owners at considerable ...

Friedland Realty Advisors closes fours sales totaling $5.22 million; Grossman brokers three sales totaling $4.05 million
Friedland Realty Advisors, formerly NAI Friedland - a full-service commercial real estate firm - arranged the closing of five industrial deals. The following transactions include ...

Beck joins Bleakley Platt as partner
According to Bleakley Platt & Schmidt, LLP, Katrine Beck has joined the firm as a partner in the Litigation Practice Group. Beck focuses her trial ...

Life Time Fitness, Lighthouse Enterprises and Westchester County executive Astorino honored
Members of Westchester County's commercial real estate industry joined together on May 21 to honor Life Time Fitness and Lighthouse Enterprises, LLC at BOMA Westchester's ...

AWH Partners and Building and Land Technology acquires Orlando Resort
AWH Partners, LLC, a privately held real estate investment, development and management firm, in partnership with Building and Land Technology, a privately held, vertically integrated, ...

Gladstone Group reps KSW Allentown LLC in $1.615 million purchase
Gladstone Group represented the purchase of 1836 Catasauqua Rd. (land and building) from Eat Ice Cream, LLC by KSW Allentown LLC, for $1.615 million. The transaction, ...

Culbertson of Cardinal Real Estate joins coaching team at The Massimo Group
John Culbertson, founder of Cardinal Real Estate Partners, has joined the coaching team at The Massimo Group, North America's largest commercial real estate brokerage coaching ...

Duffy of Centum Real Estate brokers $1.15 million sale of 1901 Summit Avenue
Centum Real Estate Group, a full-service brokerage firm licensed in New Jersey & New York, recently completed a sale transaction at 1901 Summit Ave. Otis ...

Goldflam and Weiss of Highcap complete $1.6 million sale in Wheeling, WV
Wheeling, West Virginia Josh Goldflam, managing principal of Manhattan-based investment sales firm Highcap Group along with associate Jeff Weiss, arranged the sale of the property ...

Irongate Management receives 17 Crystal Merit Awards from AAKC
Irongate Management, LLC, one of the leading managers of multifamily properties throughout the U.S., was recognized with 17 prestigious Crystal Merit Awards from the Apartment ...

DJK Residential opens its first Connecticut office in Cheshire
The opening of a new office in Connecticut is the latest expansion into the greater New York metro area for DJK Residential, a leading full-service ...

C&W's senior housing capital markets group expands in California
Cushman & Wakefield revealed the hiring of Michael Kane to the position of senior director based in the firm's Orange County office. Joining Kane will ...

Mark Scott's CMC arranges $12.5 million in construction financing
Mark Scott's Commercial Mortgage Capital (CMC), one of the leaders in arranging permanent, construction and mezzanine loans for commercial real estate, closed $12.5 million in ...

Jungreis and Cohen of Rosewood complete $60 million sale for Abro Management; Philmore East Village sells 86-unit property at 223-237 East 6th Street
Abro Management has purchased a 92,000 s/f East Village rental building known as Hudson East for $60 million. Rosewood Realty Group's Aaron Jungreis and Devin Cohen ...

McKen of Besen sells 350 West 18th Street to Stone Street Properties for $10 million
Shoy McKen of Besen & Associates completed the sale of the property at 350 West 18th St. in an off-market transaction. Located between 8th & ...

Zamir of GFI reps BFC Partners in $2.33 million sale of 410-412 East 115th Street
GFI Realty Services, Inc. arranged the sale of 410-412 East 115th St., a 3,785 s/f development site with 15,546 buildable s/f. This vacant lot sold ...

Long Island Industrial renews 26,500 s/f long-term lease with IMC; Koukou of Lee & Associates reps tenant
According to Long Island Industrial, which owns and operates a mixed portfolio of commercial properties across Long Island, Interamerican Motor Corp. (IMC), a division of ...

07-28-2015 - Consolo of Douglas Elliman to moderate SIG Luncheon
In a combination of two programs designed to help retail real estate professionals advance in their careers, Faith Hope Consolo, chairman of the International Council ...

06-30-2015 - CREW New York to host boat tour with AIA NY
CREW New York is hosting a boat tour, which will be guided by architect members of the American Institute of Architects (AIA) on June 30th. ...

NYCHA selected by the Enterprise Rose Architectural Fellowship to host a community designer on its staff
The New York City Housing Authority (NYCHA) has been selected by the Enterprise Rose Architectural Fellowship to host a community designer on its staff for ...

aptsandlofts.com chosen to market A&E Real Estate Holdings' 245 East 80th Street
According to A&E Real Estate Holdings, in conjunction with leading real estate marketing and brokerage company aptsandlofts.com, 245 East 80th St. - a recently renovated ...

The Commercial Classroom: Independence Day
This column is offered to help educate agents new to commercial and investment brokerage and serve as a review of basics for existing practitioners. Independence ...