Front Section - October 28-10, 2014

CBRE arranges $36 million sale of 100 Brook Hill Drive to Diamond Properties; Procures seller: Robert Martin Company and MAG Real Estate Advisors
According to CBRE Group, Inc., Jeffrey Dunne, Kevin Welsh, Brian Schulz and Frank Maresca, of CBRE Institutional Properties combined with Michael Hines, Brian Fiumara and ...

Paneth, Matyas and Katz of GFI Realty complete $24 million sale of 206-unit, five-building portfolio
GFI Realty Services, Inc., one of the leading New York-based commercial real estate services firms, arranged the sale of a portfolio of five adjacent multifamily ...

Mavashev and Aronov of Alpha Realty broker $1.75 million sale of 17-unit apt. building
Alpha Realty (www.AlphaRealtyNY.com) arranged the sale of 11-27 Nameoke St. in the Far Rockaway section of the borough for $1.75 million. Lev Mavashev and Jacob ...

Investment Sales: Finding value in a heated market
Pricing metrics have continued to rise sharply throughout 2014. Even as cap rates continue to compress, in some cases at least 150 basis points, the ...

City opens .nyc availability to all N.Y.C. residents and businesses; 10,000 already claimed own personalized .nyc address
The de Blasio administration unveiled the public availability of the city's top-level domain, .nyc, for all businesses, organizations, and individuals with a physical address in ...

Jungreis of Rosewood closes $18.35 million sale of 183-187 Avenue C; Reps seller, Darwin Management and procures buyer
Rosewood Realty Group sold a six-story mixed-use building at 183-187 Ave. C in Alphabet City for $18.35 million. The 24,534 s/f building was built in 1910 ...

Jungreis of Rosewood Realty secures sale of 1539 Park Place for $5.125 million
Rosewood Realty Group arranged the sale of 1539 Park Place in Crown Heights (between Buffalo and Rochester Avenues) for $5.125 million. The four-story, walk-up apartment building ...

Kraut of Avison Young awarded CRE designation
According to Avison Young, one of the world's fastest-growing commercial real estate services firms, principal Greg Kraut was awarded the CRE accreditation by the Counselors ...

Question of the Month: What are the 7 agencies (aside from DOB) that are affecting your approvals?
Construction in New York City is on the rise both literally and figuratively. Applications and permit submissions are at levels not seen in years and ...

Chang and Ferrara of Highcap Group sell three building package for $7.2 million
Charles Chang, associate broker, of Manhattan-based investment sales firm, Highcap Group, exclusively represented the seller of a three building package located on 184th St. in ...

Hammer of Meridian arranges $10.7 million in permanent financing
Meridian Capital Group, LLC, one of the leading national commercial real estate finance and advisory firms, negotiated $10.7 million for the refinance of a three-property ...

HELP USA and VVA launch Annual Toy Drive
VVA Project Managers & Consultants has launched their Annual Toy Drive to benefit HELP USA. VVA is raising funds and asking for toy donations for ...

IDA of the Month: Consider Greater Binghamton for expansion or relocation in the coming months
If you are planning an expansion or relocation in the coming months, I invite you to consider Greater Binghamton. We have the sixth largest economy in ...

Edelkopf and Zeitchik of EPIC Commercial Realty secure $2.1 million sale; 8-unit apartment building - 238 Stockholm Street, Brooklyn
EPIC Commercial Realty, formerly Itzhaki Properties, arranged the sale of an 8-unit apartment building in the neighborhood of Bushwick. The building, located at 238 Stockholm ...

HLC Equity acquires 146 Fenimore St., Brooklyn
HLC Equity, a national real estate investment holding group and property manager, arranged the purchase of 146 Fenimore St. in the Prospect Lefferts Gardens neighborhood. ...

Delavale of Breslin handles 4,000 s/f lease to Kidville
Breslin Realty revealed the recent grand opening of Kidville at Willow Wood Shoppes, located on Wantagh Ave. Kidville occupies 4,000 s/f in space formerly occupied by ...

Merritt Engineering completes Phase IV of the Town School; Multi-phase roofing and façade restoration project
Merritt Engineering completed phase four of the multi-phase roofing and façade restoration project at the Town School, 540 East 76th St. In 2011, water infiltration ...

The Durst Organization secures $1.5 billion investment in Astoria
The Durst Organization will invest $1.5 billion in a residential and retail development on the Halletts Peninsular in Astoria Queens. The development will build 2,404 ...

Executive of the Month: Martin, CEO of REMCO: Ready to meet clients' changing needs while continuing tradition of handcrafted restoration; Building upon customer loyalty while enhancing services / increasing client satisfaction
A forward-thinking business professional with proven experience in both strategic management and financial leadership, Kenneth Martin was intrigued last year when he heard about the ...

Part 1 of 2: Enforcing Remedies: Expedited Adjudication In New York Supreme Court's Commercial Division Now Available To Consenting Parties
Part 1 of 2 Although parties to a real estate deal seek a "win-win" at closing, when defaults occur, and litigation ensues, court delays can be ...

Thru the Lens: B'nai B'rith International - "Issues Facing World Jewry Today"
Daniel Mariaschin, executive vice president, B'nai B'rith International, discussed "Issues Facing World Jewry Today" at the B'nai B'rith Real Estate monthly luncheon meeting, October 7, ...

Thru the Lens: Asian American Bar Association holds "Empowering Progress and Unity"
The Asian American Bar Association of New York recently held their 5th Annual Fall Conference on Saturday, September 20 entitled: "Empowering Progress and Unity" at ...

Thru the Lens: Zere and West address the crowd
Marie Zere, president and CEO of Zere Real Estate Services and Allen West former U.S. congressman for Florida's 22nd Congressional District addressed a huge turnout ...

Thru the Lens: EMCOR's "Protect Yourself. Get Screened Today." campaign
EMCOR/Penguin's employees, along with tenants of the Alexandria Center for Life Science, Gilda's Club NYC volunteers and members, and more, donned EMCOR Pink Hard Hats ...

Remember when: July 22, 1998
BFC Partners, Toren's developer, celebrate with the property's sales team at the building's grand opening party....

Everyone seems to be a broker these days
So who isn't a broker these days? In the past a developer was a developer, an investor an investor and an acquisition guy was just ...

HKS Capital closes $28.105 million in Bronx/Queens loans
HKS Capital Partners LLC, one of the leading commercial real estate finance and advisory firms, that specializes in origination, transaction analysis and loan placements has ...

Condren, Triglia and Danut of CPEX lease 900 s/f to Vendome Macaron at One Brooklyn Bridge
The CPEX New York retail leasing team completed a lease agreement at One Brooklyn Bridge with Vendome Macaron, a popular vendor at the Brooklyn food ...

Friedland Realty Advisors sells 10,000 s/f Mt. Kisco Building to Mount Kisco Sports for $1.7 million
According to Friedland Realty Advisors, formerly NAI Friedland, a full-service commercial real estate firm with a 45-year pedigree, brokers Ross Schneiderman and Atanu Bhattacharjee, with ...

Sternhell and Vanderpool of Cignature broker $24.5 million sale; Portfolio sold to Adam Mermelstein/Tree Top Development
Cignature Realty Associates closed a six-building portfolio sale for $24.5 million that features 147 apartments and four stores. The buyer was Adam Mermelstein/Tree Top Development and ...

The Carlton Group hires Tessier as managing director
Carlton chairman Howard Michaels has hired David Tessier, a successful hospitality and gaming industry veteran, principal and advisor, to co-head Carlton's hospitality group as managing ...

Huge Digital Agency expands 80,000 s/f at Two Trees Management's 45 Main Street
According to Two Trees Management Company, Huge, a leading global digital design, technology, and strategy firm, has signed a new lease expansion at the company's ...

Becker joins REMCO as senior operations manager
According to leading architectural surface restoration and maintenance company REMCO, Brian Becker has joined the Long Island City-based company as senior operations manager. In this ...

Houlihan and Hendey of Houlihan-Parnes lease 3,200 s/f to Bach2Rock at 130 Mamaroneck Avenue
Jerry Houlihan and Richard Hendey of Houlihan-Parnes Realtors, LLC represented Bach2Rock (B2R), a music education school, in the leasing of a 3,200 s/f facility at ...

Zimmar of Heritage Realty leases 6,500 s/f at Westchester Park Center
Heritage Realty Services LLC revealed the signing of two new lease agreements at Westchester Park Center totaling 6,500 s/f. ACS Consulting has signed a 3,000 ...

Colliers leases 15,638 s/f for Regus Business Centers
Colliers International arranged a long-term, 15,638 s/f office lease for Regus Business Centers at Westchester's Ridge Hill's 73 Market St., also known as 1 Ridge ...

JCS Capital and Granoff R.E. purchase Station Plaza; Plans to developement mixed-use / restaurant space
A partnership between JCS Capital LLC, a Stamford-based real estate investment company and Granoff Real Estate LLC, a Greenwich-based real estate investment company, has purchased ...

Real estate executives participate in The "Real Estate Executive Sleep Out" October 9th
Over 100 top New York City real estate executives participated in "Sleep Out" in Times Square Oct. 9th to draw attention to the plight of ...

Park Slope Development surge continues with 63-unit rental building
As Brooklyn booms and blooms, so too does its luxurious new constructions. Touted as the best NYC neighborhood to live in by New York Magazine, ...

Germany-based real estate investment company partnered with local Ashkenazy Acquisition to purchase retail condominium for $170 million
Deka Immobilien GmbH has acquired a retail condominium at 522 Fifth Avenue in a joint venture with New York-based Ashkenazy Acquisition Corporation for $170 million. ...

11-06-2014: 6th Annual NYC Real Estate Expo
NYC Real Estate Expo, which is New York's only full-scale, real estate exposition and conference will hold its 6th annual event. The event will bring ...

11-13-2014: Project Morry to recognize and honor achievements of outstanding honorees at 18th Annual Autumn Elegance Gala
On November 13, 2014, Project Morry, a nationally recognized youth development organization, will host its 18th Annual Autumn Elegance Gala at the stunning Three Sixty° ...

Supervisor Romaine and Brookhaven IDA hosts “The Art of the IDA Deal” CEO/Presidents Breakfast Forum
On October 28, supervisor Ed Romaine and the Brookhaven Industrial Development Agency (IDA) hosted a CEO/Presidents Breakfast at the Ronkonkoma Courtyard by Marriott. The theme ...