Front Section - April 8-21, 2014

Mission Capital arranges $95 million construction loan for condo development; Cohen, Hirt, Buchwald and Matheny secure 80% loan-to-cost financing
Mission Capital Advisors (www.missioncap.com), one of the leading national real estate capital markets solutions firms, debt & equity finance group has arranged $95 million in ...

Schneiderman, Bhattacharjee and Kornspun of NAI Friedland lease 80,000 s/f to Sunrise Cooperative
According to NAI Friedland, a full service commercial real estate firm serving metropolitan New York, Long Island and Connecticut for 45 years, brokers Ross Schneiderman, ...

Founders Message: Successful Marketing
We have all heard of Henry Ford and maybe a few of our readers even met him. Born in 1863 and died in 1947, he ...

Fishman and Butwin of RKF Arranges $15 million sale of 63 Spring Street in SoHo on behalf of Silvershore Properties
RKF has arranged the sale of a 5,000 s/f building located at 63 Spring St. in the borough's SoHo district for $15 million, or $3,000 ...

Greystone markets 79 Horatio in the Greenwich Village district
Greystone, a New York-based real estate development and financial group, is now marketing a conversion of what was a 10-unit apartment building into a six-floor, ...

GFI Realty Services, Inc. named exclusive sales agent for The Mall at 148th Street in Melrose Section in Bronx
GFI Realty Services, Inc., one of the leading New York-based commercial real estate services firms, has been named exclusive sales agent for The Mall at ...

Besen Special Assets residential desk trades $15 million UPB NPL Portfolio
Daniel Kole, managing director of the Residential (1-4 Family) Whole Loan Desk at Besen Special Assets, arranged the closing of a non-performing loan portfolio secured ...

Shragaei and Landau of GFI Realty Services, Inc. arrange $5.2 million sale of two apartment buildings in East New York Section of Brooklyn
GFI Realty Services, Inc., one of the leading, New York-based commercial real estate services firms, arranged the package sale of 869 and 913 Thomas S. ...

Landau of GFI Realty brokers $2.3 million trade of vacant East Williamsburg apartment building
GFI Realty Services, Inc. one of the leading, New York-based commercial real estate services firms, arranged the sale of 629 Grand St., a vacant four-story ...

06-10-2014 - The Brooklyn Hospital Foundation to honor Cushman & Wakefield's Mosler and TBHC director of Neonatology Dr. Patrick Leblanc at 2014 Founders Ball
Bruce Mosler, chairman of Global Brokerage at Cushman & Wakefield, will be honored as the 2014 Founders Medalist at The Brooklyn Hospital Foundation's Founders Ball ...

Sabzevari and Filler of Meridian Capital Group arrange $5.7 million in financing for mixed-use, office and multifamily properties
Meridian Capital Group, LLC, one of the leading national commercial real estate finance and advisory firms, arranged $5.7 million in first mortgage financing for mixed-use, ...

Michaels of the Carlton Group closes $42 million construction loan and joint venture equity investment for Flatiron condominium development
Carlton Group chairman Howard Michaels has arranged the closing of a $42 million construction loan and joint venture equity investment for a new condominium project ...

HKS Capital Partners negotiates multiple deals totaling $29.838 million
HKS Capital Partners LLC, one of the leading commercial real estate finance and advisory firms, has negotiated the following deals totaling $29.838 million: * A $10.4 ...

Lee & Associates' Steinberg and Schultz market 25,000 s/f store at 863 Broadway in Bushwick
The New York office of Lee & Associates NYC LLC, a privately-held national commercial real estate firm, is marketing a sizeable former furniture store at ...

Hess of TerraCRG sells two multifamily properties totaling 36 units for $4.48 million
According to TerraCRG, one of Brooklyn's leading commercial real estate brokerage firms, Adam Hess, partner and senior vice president of TerraCRG has closed on the ...

G. Dolgin and Gourianov of Kalmon Dolgin Affiliates arranges 67,400 s/f lease for Cadogan Tate NY Fine Art Storage
Kalmon Dolgin Affiliates, Inc. (KDA) has arranged a 67,362 s/f lease for Cadogan Tate New York, a London-based fine arts storage company, at 301 Norman ...

Lala of Marcus & Millichap arranges the sale of 17-unit apartment building for $1.418 million
Marcus & Millichap Real Estate Investment Services, one of the nation's largest real estate investment services firms, has arranged the sale of 1661 Topping Ave., ...

Boukhalfa from Marcus & Millichap arranges the sale of East Williamsburg mixed-use building for $1.7 million
Marcus & Millichap Real Estate Investment Services, the nation's largest real estate investment services firm, has announced the sale of 251 Bushwick Avenue, a 6,350 ...

A primer on minor subdivisions in Nassau County
The Nassau County Charter defines a minor subdivision as "any proposed subdivision resulting in fewer than five lots." In most cases, a two to four ...

de Blasio appoints Sandy recovery and rebuilding leadership team
Mayor Bill de Blasio, with senator Charles Schumer, the architect of the Sandy relief bill, appointed a new senior leadership team to oversee and execute ...

Industry mourns loss of Grossman - the garage "art king"
Semone Grossman passed away March 24th. Grossman earned renown throughout the parking and real estate industries as the garage "art king". A self-made Holocaust survivor, ...

Shragaei and Katz of GFI arrange sale of 88-15 168th St. for $27.8 million; Reps seller, Executive Arms Realty and buyer, Zara Realty
GFI Realty Services, Inc., one of the leading, New York-based commercial real estate services firms, arranged the sale of 88-15 168th St., a 191-unit apartment ...

Pliskin Realty contracted to manage 33 new properties totaling 278,300 s/f
Pliskin Realty & Development, one of the prominent New York-Metropolitan area retail real estate brokerage, property management and investment firms, has landed a contract with ...

KDA arranges 45,000 s/f lease for All City Metal
Kalmon Dolgin Affiliates has arranged a 45,000 s/f, long-term lease for All City Metal, Inc., a sheet metal fabrication company, at 54-35 46th St. in ...

Eastern Union closes March with multiple deals
Eastern Union capped off the month of March with $250 million closed in just three business days. Eastern also saw $461 million in new deals ...

Levine and Savariego of Meridian Capital arrange $200 million in financing; On behalf of a venture led by Sutton's Wharton Properties
Meridian Capital Group, LLC, one of the leading national commercial real estate finance and advisory firms, arranged $200 million in acquisition financing for the mixed-use ...

Jinishian and Hecht of Colliers arrange Amazon's Shopbob lease expansion
With the Manhattan tech boom well underway, Colliers International has arranged additional expansion space with Shopbop at 230 West 41st St. The Amazon division now ...

Corbin of Besen & Associates sells corner development site for $7.8 million
Besen & Associates arranged the sale of 311 Tenth Ave., also known as 500 West 28th St., located on the southwest corner of Tenth Ave. ...

Condren, Triglia, Danut and Sigourney of CPEX reps tenant in 800 s/f lease
The New York CPEX retail leasing team completed a lease transaction at 636 Classon Ave. Located between Dean and Bergen Sts. in Crown Heights, the ...

ECBA relocates office to 600 Fifth Avenue
Emery Celli Brinckerhoff & Abady, LLC (ECBA), a Manhattan-based litigation firm, is relocating to Rockefeller Center and expanding its office space by 4,000 s/f. The ...

Isak of Falco & Isak Realty completes sale for $2.685 million; 12-unit apartment building in Astoria
Rubin Isak, CEO/co-founder of Falco & Isak Realty Services, an investment sales firm, has just exclusively sold 25-16 18th St. in Astoria, in an all ...

The Carlton Group finances $215 million at 470 Vanderbilt Avenue
The Carlton Group arranged the closing of a $215 million transaction for the 650,000 s/f office building located at 470 Vanderbilt Ave. 470 Vanderbilt Ave. is ...

Muss signs two tenants at Forest Hill Tower
Muss Development LLC has signed two new tenants at Forest Hills Tower, the developer's 375,000 s/f, class A office tower in Forest Hills. Signature Bank ...

Letter of Intent - Apartment Sector Surge
The residential sector has exploded across the country, with close to 170,000 class A units coming to market in major metros in 2013, and an ...

05-06-2014 - TerraCRG to host third annual Brooklyn Real Estate Summit at the Brooklyn Academy of Music
TerraCRG, one of Brooklyn's leading commercial real estate brokerage firms, revealed confirmed speakers for the third annual TerraCRG Brooklyn Real Estate Summit. The Brooklyn real ...

Farchi and Tabibnia of Azad Property secure lease for FedEx; 10-year term for 5,733 s/f of retail space
According to Azad Property Group, next month Federal Express will start their work on the last retail unit of 20 Pine Condominiums. "We saved the ...

Johnson of Fountain Realty Group represents Indus Architect in 2,240 s/f lease at 80 Broad Street; Property owned by Savanna
Savanna, a New York-based real estate private equity firm, arranged the following new lease at 80 Broad St. Indus Architect has signed a new lease ...

The commercial classroom: Ten ways to build your business
This column is offered to help educate agents new to commercial and investment brokerage and serve as a review of basics for existing practitioners. Canvasing ...

What type of agent are you?
Running a commercial real estate brokerage, I've had dozens of agents come and go over the years, each one different from the next, with their ...

NYREJ to air NYREJ radio show April 15th; With host Kaplan and co-host Wilson
New York Real Estate Journal will be airing a new radio show called NYREJ radio. The show will be podcast weekly on UR Business Network, ...

The Azarian Group completes renovations at the Hyde Park Mall; 130,000 s/f community shopping center on Route 9
The Azarian Group, LLC, a privately-owned, full service property management/development organization has completed the renovation and expansion of the Hyde Park Mall, located at 3999 ...

Top producer Orrigo joins Douglas Elliman's Eklund-Gomes team; To help expand and grow new development business
According to Douglas Elliman Real Estate, top producer Clayton Orrigo has joined the company's number one ranked Eklund-Gomes team. Known for his rapid rise within ...

Capstone Realty Advisors expands into retail with launch of retail division; Donath and Demetrious to augment formation of the new department
Manhattan commercial real estate firm Capstone Realty Advisors has revealed the launch of a retail division. The addition of specialists Ina Donath and Helen Demetrious, who ...

Glanzrock of Glanzrock Realty Services introduces Building Art Curatorial Program; Designed to connect artists with commercial spaces to lease artwork
Cindy Glanzrock, president and owner of Glanzrock Realty Services, has unveiled the launch of the Building Art Curatorial Program (BACP), a comprehensive program designed to ...

Shkury of Ariel property advisors establishes scholarship program; for students attending the Open University of Israel
According to Shimon Shkury, president of Ariel Property Advisors, his company has created a scholarship program that will enable students attending the Open University of ...

Keller Williams NYC welcomes Corcoran agents Wilkinson and LeFevre to sales team; Contributing to companies' expansion
Keller Williams NYC (KWNYC) has added Janet Wilkinson and Susan LeFevre to the sales team. The two agents, who work as a team, join after ...

Former CBRE executive Dugan joins Cushman & Wakefield
According to Cushman & Wakefield, Patrick Dugan, formerly of CBRE, has joined the firm as a director of brokerage, New York City offices. Dugan, who ...

The Treeline Companies promotes Schor to COO
The Treeline Companies, a value-add asset developer, owner and investor throughout the New York metropolitan region, has promoted Howard Schor to chief operating officer. The ...

Schneidman joins Herald Square Properties as partner
According to Gerard Nocera and Michael Reid, founding partners of Herald Square Properties, Jon Schneidman has joined the firm as a partner. In his new ...

CBIZ corporate recovery services hires Varsalone to expand services in New England
CBIZ, Inc. has hired Jeffrey Varsalone as a managing director in the CBIZ Corporate Recovery Services practice, providing distressed company, creditor and investor transactional and ...

LERA promotes Kwan, Han and Hopple; Snyder joins the firm
According to Leslie E. Robertson Associates (LERA), Wing-Pin Kwan, P.E., Ph.D. has been named a partner of the firm and Sangho Han, PE (US/Korea), LEED ...

HAP appoints Oztap sales and marketing manager
HAP Investments LLC, a New York-based international real estate investment and development company, has appointed Julide Oztap as sales and marketing manager. In her new ...

Marcus & Millichap appoints Leonard regional director of NMHG
Marcus & Millichap Real Estate Investment Services, one of the nation's largest real estate investment services firms, has appointed Christopher Leonard to the position of ...

Eastern Consolidated adds Papanastasiou as an associate director
Eastern Consolidated, one of the leading investment sales brokerages, has added Evan Papanastasiou as an associate director. He specializes in the sales and acquisition of ...

The 90th Anniversary Annual Banquet
By Eliezer Rodriguez On October 6th, 1924, the real estate board of the Bronx met at the YMCA to have their first annual board meeting. Dominic ...

Meet the BMAR Member - Joseph Mawad
Joseph Mawad is the president and sole shareholder of Tekniverse, Inc., a full service Information Technology firm. Tekniverse specializes in real estate owner and property ...

13th Annual New York State Commercial Real Estate Conference June 2 - 4
By John Lavelle As I write this letter, we are attending the two day NYSCAR Hudson Valley Chapter annual education/marketing event on April 2-3. The custom, ...

Brown Harris Stevens releases 2014 first quarter Manhattan residential market report; Average and median Manhattan apartment sales prices up
According to the 2014 first quarter Manhattan residential market report released by Brown Harris Stevens, the average Manhattan apartment sale price of $1,715,741 was up ...

Eastern Consolidated exclusively markets 260 Flatbush Avenue in Park Slope for $8 million
Eastern Consolidated, a leading investment sales brokerage firm, has been retained as the exclusive agent to market for sale 260 Flatbush Avenue, also known as ...

Cosentino of TerraCRG to market Bed-Stuy corner property with retail space for $1.8 million
According to TerraCRG, one of Brooklyn's leading commercial real estate brokerage and advisory firms, Matthew Cosentino, VP of investment sales has been retained as the ...

Eastern Consolidated markets 665-667 Lenox Avenue for $3.8 million
Eastern Consolidated, a leading investment sales brokerage firm, has been retained as the exclusive agent to market for sale a six-story, mixed-use residential and commercial ...

04-17-2014 - Community Preservation Corporation's Hudson Valley Main Street Summit heads to the village of Ossining
On April 17, the next Hudson Valley Main Street Summit, "Downtown Redevelopment Strategies," will come to the Village of Ossining. Presented in partnership with the ...

New real estate agent tool YifteePro launches nationally
There's a new, instant way for real estate agents to thank clients - with the launch of YifteePro nationally. YifteePro is an innovative gifting website ...

RE/MAX answers the question: What Can I Afford? Exclusive Global Search Feature Covers 80 Countries
RE/MAX of New York, Inc., reports that for every homebuyer who's asked the question: "What can I afford?" RE/MAX has the answer in a new ...

Centerline Capital Group refinances four multifamily properties in Ohio totaling $10.05 million
Centerline Capital Group, a provider of real estate financial and asset management services for conventional and affordable multifamily housing, and a subsidiary of Centerline Holding ...

Helmsley Spear reps ladlord, Gallen Technology Solutions, Inc. in 5,521 s/f lease for Zazoom, LLC at 55 Broadway
Jonathan Dean, senior vice president and director of commercial leasing at Helmsley Spear revealed the following new lease at 55 Broadway. Zazoom, LLC, an internet based ...

Kaufman Organization's Spitalnick brokers two leases totaling 13,396 s/f
Managing director Arthur Spitalnick of the Kaufman Organization, which specializes in leasing and managing premier office space in New York City, recently brokered two deals ...

Kuchal joins RKF NYC office as corporate marketing manager
RKF has added Shilpi Kuchhal to the firm's national marketing team as corporate marketing manager. Her primary focus is management of the firm's day-to-day corporate ...

Stroock & Stroock & Lavan represents Minskoff's 51 Astor Place in leases with Mail Online and Claren Road Asset Management
Stroock & Stroock & Lavan LLP has been serving as legal counsel to developer Edward Minskoff and his partner, Rockwood Capital, in the leasing of ...