Front Section - September 9-22, 2014

Be a thought-leader - it works
Thought leadership is quintessential public relations. It is a discipline almost everyone in real estate marketing engages in on a micro or macro level. Thought ...

City sees progress on Sandy recovery with Build it Back program; 535 Construction starts and 543 reimbursement checks
According to mayor Bill de Blasio, the city has approved the start of construction for 535 homes and sent 543 reimbursement checks through the Build ...

Meridian Capital Group negotiates $32.2 million in financing; Includes $7.5 million mortgage by Shelby and Sabesan
Meridian Capital Group, LLC, one of the leading national commercial real estate finance and advisory firms, arranged the following transactions totaling $32.2 million: * A new ...

Silvershore Properties sells 101 Delancey St. for $17.3 million
Silvershore Properties, one of the most active mid-market investors in Manhattan and Brooklyn, sold 101 Delancey St., a six-story, mixed-use site on the Lower East ...

The Chart Group signs 6,973 s/f lease at ATCO's 555 Fifth Avenue
The Chart Group, a Manhattan-based financial services company, will relocate from the Rockefeller Center submarket to ATCO Properties & Management's 555 Fifth Avenue, a 20-story, ...

Letter of Intent - Downtown Retail Boom
Downtown retail is the new "must-have," with titans of real estate scrambling for a piece of the action. One major driving force behind retail acquisition ...

Edelkopf of EPIC secures $1 million sale of 1158 Fulton Street
EPIC Commercial Realty, a full-service commercial investment brokerage firm, arranged the sale of 1158 Fulton St., a mixed-use building in Bedford-Stuyvesant. The property was sold ...

Butler Burgher Group acquires Leitner Group in New York City
According to Butler Burgher Group (BBG), Leitner Group Inc. is now part of BBG and serves as its New York City office. The partnership cements ...

Tropp, Berman and Spinelli of Ariel secure $5 million sale of three properties
Ariel Property Advisors arranged the sale of three properties totaling $5 million in the borough's Bushwick area. "These three sales combined with another portfolio we just ...

Guttman and Jungreis of Rosewood close $17 million sale of 346 East 29th Street
Rosewood Realty Group arranged the sale of a fully gut-renovated 65-unit apartment building in Ditmas Park for $17 million dollars. The seven-story building, at 346 East ...

CPEX hires two associates: DiNuzzo and Schroeter
CPEX Real Estate Services is pleased to announce the hiring of two new Associates for its Operations Team. Alex DiNuzzo will assist CPEX with his ...

Garcia and Doshi of Besen & Assocs. sell 64 West 165th Street for $2.51 million; five-story building comprised of 30 apartments and two stores
Besen & Associates arranged the sale of 64 West 165th St., in the Highbridge section of the borough. Built in 1925, this 50-ft.-wide, corner five-story ...

Zarrella and Brennan of Marcus & Millichap arrange the sale of a 6-unit apartment building in Brooklyn for $1.16 million
Marcus & Millichap, one of the leading commercial real estate investment services firms with offices throughout the U.S. and Canada, arranged the sale of 313 ...

The commercial classroom: Back to School
This column is offered to help educate agents new to commercial and investment brokerage and serve as a review of basics for existing practitioners. I ...

Kahn joins United Realty as CFO and treasurer
United Realty, one of the leading sponsors of alternative investment real estate programs that includes United Realty Trust (URT), has hired Steven Kahn as chief ...

Executive of the Month: Berko, president of Berko & Associates: Bringing an investment-banking approach to commercial real estate; growing firm includes city's top mortgage bankers, investment sales professionals and advisors
As an Israeli youngster visiting relatives in the United States, (Yossi) Berko knew he would be a real New Yorker someday. Today, the 42-year-old founder ...

Plan for success: Business growth strategies
Building and growing a successful real estate business takes time, careful planning, and execution. Sometimes it even requires a little luck! But, whether you are ...

NYCREW supports St. Francis Food Pantries & Shelters
Leaders, members and friends of the New York Chapter of Commercial Real Estate Women's Network (NYCREW) once again came out in force to support the ...

NYCREW presents "Success Under Stress" on September 17
NYCREW presents "Success Under Stress" on September 17 from 6:00 - 8:00 p.m. at the Rockefeller Group Business Centers, 45 Rockefeller Plaza. You've studied hard, worked ...

Meet the NYCREW Member: Marianne Mathieu
NYCREW welcomes new member Marianne Mathieu of Fidelity National Title Group. Mathieu brings to NYCREW 15 years of commercial real estate experience specializing in title ...

Ross of Largo finances $55 million for 740,000 s/f retail/office portfolio
Western Michigan Kevin Ross, account executive for The Largo Group of Companies, in collaboration with SW Consulting, arranged a $55 million permanent first mortgage to ...

Gorjian of Namdar Realty Grp. acquires 200,000 s/f shopping center in Ohio
Private investment firm, Namdar Realty Group's recent acquisition consists of a 200,000 s/f shopping center. Namdar's, Joel Gorjian led the firm with the acquisition. The ...

Frantzman of Levin Mgmt. secures lease with Staples totaling 14,000 s/f
Office supply retailer Staples has leased 14,000 s/f at North Village Shopping Center, according to Levin Management, exclusive leasing and managing agent for the 132,000 ...

LRC Properties in JV with Highbrook purchases Colonial Plaza for $25.25 million
LRC Properties, LLC, in a joint venture with Highbrook Capital Management, has purchased Colonial Plaza. The multi-tenant commercial property, which is also known as the ...

Cohen of NorthMarq closes $16.9 million const. loan for the Cookie Factory
Gary Cohen, senior vice president/senior director of NorthMarq Capital's N.J.-based regional office closed a $16.9 million 30-month construction loan for the Cookie Factory, a 104-unit ...

ECHO Realty purchases 140,000 s/f Paradise Plaza Shopping Center
ECHO Realty has purchased Paradise Plaza Shopping Center, a 140,000 s/f Publix, CVS, and Petco-anchored center located at the intersection of US Rte. 41, Bay/Bee ...

Conklin of Savills reps Leanza & Agrapidis in 4,000 s/f lease renewal
Leanza & Agrapidis P.C. has renewed its lease and expanded its presence at Heights Plaza, located at 777 Terrace Ave. The law firm will occupy ...

Crampsie of NAI Summit reps lender in sale of 75,000 s/f office building
John Crampsie, principal NAI Summit, represented the lender in the sale of 95 Highland, a 75,000 s/f office building off Rte. 512. Prior to the ...

Bascom Group acquires 38-unit apartment community for $4.15 million
The Bascom Group, LLC has acquired 5th Street Apartments, a 38-unit community located at 701 East 5th St. for $4.15 million or $109,211 per unit. ...

Auction.com appoints Heppberger executive VP and chief legal officer
Auction.com, LLC, one of the nation's leading online real estate marketplaces, unveiled the appointment of Mindy Heppberger as executive vice president and chief legal officer. ...

Carroll Org. adds 1,800 apartment units with off market portfolio purchase
Carroll Organization, one of the country's leading privately-held real estate companies focused on multifamily investment, management, and development, acquired 1,837 apartment units with the purchase ...

Mc Gowan Builders completes first PNC Bank branches in South Florida
Mc Gowan Builders Inc. completed the first PNC Bank branches in South Florida, located at 16250 Indian Trace in Weston, and 2561 University Dr. in ...

HFF closes sale of 300-room Franklin Marriott Cool Springs
HFF closed the sale of the Franklin Marriott Cool Springs, a 300-room full service hotel. Located in the Cool Springs office district at 700 Cool ...

Amorin elected 2015 Appraisal Institute VP
Jim Amorin, MAI, SRA, AI-GRS, of Austin, Texas, was elected 2015 vice president of the nation's largest professional association of real estate appraisers by its ...

The Aspen Cos. purchases $3 million 50-unit HUD building
The Aspen Companies arranged the $3 million acquisition of a 50-unit HUD supported apartment building in the downtown Newark. The three-story rental building created in a ...

The Hampshire Cos. inks three leases totaling 44,118 s/f at CENTRA
The Hampshire Companies, a full-service, private real estate investment firm, arranged three lease transactions totaling 44,118 s/f at CENTRA, its LEED Platinum certified office building ...

Kleinberg joins CBRE's NYC outer boroughs office as first VP
Joshua Kleinberg, a seasoned real estate industry professional with 20 years of experience, has joined CBRE's NYC outer boroughs office as first vice president. An ...

Donnelly Mechanical Corp. names DiPrisco CFO
According to Donnelly Mechanical Corp. (Donnelly Mechanical), Joseph DiPrisco has joined the firm as chief financial officer. In this capacity, he will lead the accounting ...

Houlihan Lawrence's Scarsdale office adds Lee and Xu as licensed salespersons
According to Houlihan Lawrence, one of the leading real estate firms serving New York City's northern suburbs, Yulri "Julie" Lee and Tianying Xu have joined ...

Lee NYC hires Tuttman as executive managing director/principal
Peter Tuttman has joined Lee & Associates NYC LLC (Lee NYC) as executive managing director/principal. He brings over 30 years of experience in tenant and ...

Parsons Brinckerhoff names Metzger supervising network engineer of N.Y.C. office
William Metzger has been named a supervising network engineer in the New York City office of Parsons Brinckerhoff, a global infrastructure strategic consulting, engineering, and ...

Guardian adds Engel as senior director of real estate investments
The Guardian Life Insurance Company of America (Guardian), one of the nation's largest mutual life insurers and a leading provider of employee benefits, announced today ...

Nall joins Syska Hennessy Group's New York office
According to Syska Hennessy Group, Inc., a global consulting, engineering and commissioning firm, prominent industry thought leader Daniel Nall, P.E., FAIA, ASHRAE Fellow, LEED Fellow, ...

Greystone launches seniors housing investment sales and advisory group - Greystone R.E. Advisors
Greystone, one of the leading national providers of multifamily and healthcare mortgage loans, announced today it has launched a seniors housing real estate sales and ...

DJK Residential welcomes Montee as sales agent
DJK Residential, a leading full-service real estate brokerage and relocation firm with offices in Manhattan and New Jersey, revealed the hire of its newest sales ...

Bahadir joins The Piquet Realty team in New York
Piquet Realty, a real estate firm with connections to the Brazilian investment community, has hired Emir Bahadir as a licensed real estate associate in New ...

The Wizard of The Bronx: Dr. Elias Karmon
By Eliezer Rodriguez Recently, I was invited to give a motivational presentation to encourage realtors and real estate professionals to join The Bronx-Manhattan North Association of ...

Meet the BMAR Member: David Simone
David Simone joined Massey Knakal Realty Services as one of the first agents in its newly formed Bronx division in 2003. Since joining Massey Knakal, Simone ...

It's not too late to register: "Financial Analysis" Sept. 23
By John Lavelle Board Meeting The NYSCAR board of governors will hold their annual meeting on September 28 at Turning Stone Resort & Casino, Verona, N.Y. The ...

Greenblatt, Salvatico, Riney and Azarbarzin of Marcus & Millichap arrange $900,000 sale of 829 Willoughby Avenue, Brooklyn
Marcus & Millichap, one of the leading commercial real estate investment service firms with offices throughout the United States and Canada, arranged the sale of ...

NYCREW discusses how to make marketing work
The New York chapter of Commercial Real Estate Women's Network (NYCREW) launched its summer Leading Ladies in Real Estate: Breakfast Series with a focus on ...

Prime Manhattan Residential sells $10.75 million West Village townhouse
A classic Greek revival townhouse located at 54 Charles Street in the borough's West Village has gone into contract for $10.75 million, just two weeks ...

Perkoski and Jungreis of Rosewood Realty Group close $8.4 million Brooklyn multifamily sale
Rosewood Realty Group arranged the $8.4 million sale of 816-818 Dean Street in Prospect Heights. The newly constructed, 14,670 s/f four-story apartment building features 14 apartments ...

Meridian Capital Group negotiates $49.3 million in financing for multifamily properties
Meridian Capital Group, LLC, one of the leading national commercial real estate finance and advisory firms, facilitated the following transactions totaling $49.3 million: * A new ...

Hammer of Meridian Capital Group closes 20 loans for $62.7 million in acquisition and permanent financing for multifamily and mixed-use properties located in New York, Brooklyn, Bronx, NY and NJ
Meridian Capital Group, LLC, one of the leading national commercial real estate finance and advisory firms, arranged financing for 20 loans totaling $62.7 million for ...

Eastern Consolidated arranges $20 million sale of midtown development site
Eastern Consolidated has arranged the sale of a Midtown as-of-right development site 4-6 West 37th Street for $20 million or $427 per buildable s/f. David ...

Colliers International arranges 34,000 s/f long-term lease renewal at 469 Seventh Avenue
Colliers International has arranged a long-term renewal at 469 Seventh Ave., with the Metropolitan Transit Authority continuing to lease the entire 11th and 14th floors, ...

Bracha New York reveals Edgecombe Parc Condominium is 80% in contract
According to sales and marketing team Bracha New York, Edgecombe Parc Condominium is 80% in contract in less than ten months on the market and ...

Gaia Real Estate purchases 144 condo units at The Corinthian in Manhattan for $147 million
Gaia Real Estate has purchased 144 condominium units at The Corinthian, a 57-story, premier residential building located in the Murray Hill neighborhood at 330 East ...

TerraCRG sells Park Slope corner development site for $7.4 million
TerraCRG, one of Brooklyn's leading commercial real estate brokerage firms, closed on the sale of the development site located at 550-554 Fourth Ave. in Park ...

TerraCRG retained as the exclusive agent for sale of the waterfront development site at 2433 Knapp Street
TerraCRG, one of Brooklyn's leading commercial real estate brokerage firms, have been retained as the exclusive agent for the sale of the waterfront development site ...

Sternhell and Vanderpool of Cignature close $11.25 million sale; represents seller, 2261-2273 ACP Residences and buyer, Treetop Development
Cignature Realty Associates brokered the sale of a three building Harlem portfolio and vacant lot on Adam Clayton Powell Blvd., located in the borough's Central ...

Shragaei, Paneth and Babo of GFI sell Crown Heights walk-up for $2.8 million
GFI Realty Services, Inc. (www.gficap.com) arranged the sale of 1365-69 St. Johns Place, two, four-story walk-up apartment buildings consisting of 16 units located in the ...

History Repeats Itself
Someone recently told me how much it costs the government (local or national) to house a convict. The cost amazed me - especially since it ...