Front Section - January 27-9, 2015

Networking: Five fun ways to network
Are you excited about landing new business this year? Then you need to get ready, get out of your office, and show up. These hot ...

City finances 17,300 units of affordable housing in 2014; Enough to house nearly 42,000 New Yorkers
Mayor Bill de Blasio revealed that the city financed the creation and preservation of more than 17,300 affordable units during calendar year 2014. With 11,185 ...

Fridman of Barcel Group sells two building package for $13.9 million
Barcel Group arranged the $13.9 million sale of a 2 building package, 220 Osgood Ave.and 51 Coursen Place, totaling 115 apartments. Marcel Fridman, president of ...

Mehra and Doshi of Besen sell 100 Audubon Avenue for $9.725 million; 6-story elevator building- 49 apartments and one store
Besen & Associates arranged the sale of 100 Audubon Ave., located on the northwest corner of West 170th St., located in the Washington Heights section ...

Ferrara and Weiss of Highcap secure $6.1 million sale of 401 East 57th Street; 4,064 s/f mixed-use building with additional 6,000 s/f air rights
Michael Ferrara and Jeff Weiss of Manhattan-based investment sales firm Highcap Group, arranged the sale of 401 East 57th St., which sold for $6.1 million. ...

Lauzon of C&W selected as "Senior Person of the Year 2014" by YMWREA
According to Cushman & Wakefield, Mark Lauzon, a senior director at the firm, has been presented the "Senior Person of the Year 2014" by the ...

RJA completes remodel at 1560 Broadway
Rosen Johnson Architects (RJA), the New York-based full-service architecture firm, has recently completed an addition and remodeling project at 1560 Broadway located in the heart ...

Eastern Consolidated leases 38,000 s/f development site; Chang of McSam Hotel Goup acquires 111-115 East 24th Street
Eastern Consolidated arranged the long-term net lease of 111-115 East 24th St., a 38,000 s/f development site in Midtown South, to hotel connoisseur Sam Chang ...

Leasing continues to go strong for 650,000 s/f LOOP-Hudson Valley
The retail shopping experience is set to get a lot more exciting for consumers in the Town of Newburgh and the mid-Hudson region thanks to ...

Marks of Marcus & Millichap Capital Corp. closes $29.625 million acquisition loan; Class A office building - International Corporate Center
Marcus & Millichap Capital Corp. (MMCC), one of the leading providers of commercial real estate financing and capital markets expertise, has arranged a $29.625 million ...

Rettaliata of Ripco Real Estate leases 13,840 s/f
Tom Rettaliata of Ripco Real Estate leased 13,840 s/f to Darden Concepts in the Cross County Shopping Center. The area, previously used for parking, is ...

Palladium Management purchases 151 Mamaroneck Avenue for $1.35 million - plans multifamily conversion
Palladium Management has closed on the acquisition of 151 Mamaroneck Ave.- a 14,000 s/f retail and showroom property located in the downtown. Acquired in an ...

Thru the Lens: 31st Annual Empire Ball
On December 10, 2014, the New York Real Estate Division of the Diabetes Research Institute held their 31st Annual Empire Ball. Approximately 950 guests were ...

Thru the Lens: Holiday Cheer
Holiday cheer with the Zere's at Empire National Bank....

Thru the Lens: Ariel Property Advisors and the AIPAC Real Estate Division host networking reception
Ariel Property Advisors and the AIPAC Real Estate Division hosted a networking reception for more than 250 guests recently at Club 101. The guest speaker ...

Thru the Lens: Former New York Knick, Larry Johnson, joins Douglas Elliman's top brokers for celebration
On November 30th, Douglas Elliman celebrated the launch of its partnership with the New York Knicks as the exclusive naming sponsor of Madison Square Garden's ...

G. Dolgin and Gourianov of KDA negotiate $14 million sale; Rep sellers: 33-11 Associates and Jacobson Realty Corp.
Kalmon Dolgin Affiliates, Inc. (KDA) arranged the $14 million sale of two interconnecting warehouses totaling 57,400 s/f at 33-33 and 33-55 11th St., on the ...

Schwartz and Kagan join DJK Residential
NEW YORK, NY DJK Residential, a leading full-service real estate brokerage and relocation firm with offices in Manhattan and New Jersey, revealed the addition ...

Scepanovic of Ideal Properties Group honored
Brooklyn, NY According to Ideal Properties Group, one of the leading Brooklyn real estate firms, managing director Aleksandra Scepanovic was selected by the New York ...

Top 2014 court decisions and statutes affecting the real estate industry
Release of Claims "Known or Unknown" Bars Unknown Fraud Claims The First Department, New York's intermediate appeals court, unanimously affirmed a lower court order in ...

Fundrise and CompStak win MIPIM Open Stage
PARIS, France MIPIM revealed the winners of the MIPIM Open Stage, a crowdsourcing operation calling on companies to suggest a conference panel subject related to ...

McDonnell joins Avison Young as principal in Fairfield/Westchester
According to Arthur Mirante, Avison Young principal and Tri-State president, healthcare real estate specialist Sean McDonnell has joined Avison Young in the firm's Fairfield/Westchester office. Effective ...

ERG Property Advisors closes $16 million sale of a NNN Walgreens
ERG Property Advisors arranged the $16 million sale of a triple-net (NNN) leased Walgreens. Walgreens has a 25-year triple-net lease with renewals extending out to ...

Martinez joins Urban Compass as director of sales and business development
Technology-driven real estate brokerage platform Urban Compass revealed it is continuing its national expansion with the hiring of top-producing sales manager Gene Martinez to lead ...

Graf and Sannella of Houlihan-Parnes Realtors complete $6.3 million sale
Ed Graf and Ted Sannella of Houlihan-Parnes Realtors, LLC, have arranged the $6.3 million sale of Med Arts Plaza located at 801 Encino Place, N.E. ...

Cushman & Wakefield arranges sale of $26.8 million assisted living resort
Cushman & Wakefield revealed that as advisor to AEW Capital Management, Cushman & Wakefield's senior housing capital markets group has arranged the $26.8 million sale ...

Duval & Stachenfeld reps Melody Capital in $30 million mezzanine loan
Dominican Republic New York-based law firm Duval & Stachenfeld LLP represented Melody Capital Partners in a transaction for a $30 million mezzanine loan to a ...

Irongate Mgmt. named 'National Management Company of the Year'
Irongate Management, LLC, one of the leading managers of multifamily properties throughout the U.S., was named the 2014 National Management Company of the Year by ...

TEI acquires 379,630 s/f regional shopping center
New York-based Time Equities Inc. (TEI) revealed the acquisition of Monroe Crossing Shopping Center. Acquired from Madison Marquette, the 379,630 s/f center is located at ...

Winick leases three N.J. locations for Pure Barre totaling 4,445 s/f
Pure Barre has signed leases for their first location in three New Jersey markets - Denville, Short Hills and New Providence. Winick Realty Group's Gary Krauss ...

Whitestone REIT acquires two community centered properties for $40.7 million
Whitestone REIT acquired two community centered properties, Williams Trace Plaza and Shops at Williams Trace in Sugar Land, TX. The acquisitions are Whitestone's first in ...

Safina, Chystyakova and Ryan of CPEX handle $825,000 sale; 6-unit, 4,320 s/f rent-stabilized multifamily building
CPEX Real Estate's multifamily investment sales team arranged the sale of 228 53rd St. in Sunset Park. The subject property is a 6-unit, 4,320 s/f ...

Curto of CURCO PROPS. leases 3,800 s/f to Sherwin-Williams
According to CURCO PROPERTIES, Sherwin-Williams (SHW) has signed a 5-year lease for 3,800 s/f at 1900 Central Pk Ave. Founded in 1866, the Sherwin-Williams Company ...

Delta Commercial Real Estate closes $8.7 million sale
Delta Commercial Real Estate arranged the sale of 866 and 868 Lorimer St., also known as 585 and 587 Manhattan Ave., in Greenpoint for $8.7 ...

Avison Young releases 2015 commercial real estate forecast for Canada, U.S. and U.K.
After enjoying better-than-expected GDP growth in the third quarter of 2014 and an unemployment rate in late 2014 that flirted with pre-recession levels, Canada's sound ...

Eastern Consolidated exclusively markets high street retail property in Madison Avenue's shopping district
Eastern Consolidated has been retained as the exclusive agent to market for sale 23 East 67th St., a fully renovated, elevator, retail gem in the ...

Modern Spaces reveals Kushner's KRE Group and Ironstate Development invest in growing residential brokerage firm
According to Modern Spaces, Jonathan Kushner, leading a partnership of the Kushner Real Estate Group (KRE Group) and Ironstate Development, have collectively completed an investment ...

CBRE Group Inc. releases year-end 2014 results for Westchester and Fairfield Counties
CBRE's Westchester and Fairfield County office revealed year-end 2014 results for the office sector for both counties. Fairfield County's availability rate dropped by 45 basis points, ...

TerraCRG exclusive agent for 8-unit multifamily building in Carroll Gardens
TerraCRG, Brooklyn's leading commercial real estate brokerage firm, announced that Adam Hess, partner and senior vice president has been retained as the exclusive agent for ...

Argo Real Estate's Annual Treasurer's Breakfast
Argo Real Estate hosted its Annual Treasurer's Breakfast on September 23rd at the exclusive University Club. A select group of Argo board members were in ...

Argo Management's Argo University for Staff - Front of House seminar
Argo Management hosted its 2nd Annual Argo University for Staff - Front of House seminar on December 9th at the Hotel Beacon on Manhattan's Upper ...

Design expert Hobbs shares top tips for home staging at Keller Williams NYC Lunch And Learn Session
Cathy Hobbs, founder of the Design Recipes home staging company and five-time Emmy award winning television personality, was recently the featured guest speaker at Keller ...

Cruz, O'Hearn, Duval and Scandalios complete $48.3 million sale of The Shoppes at South Hills
HFF closed the $48.3 million sale of The Shoppes at South Hills, a 516,769 s/f grocery-anchored retail power center. HFF marketed the property on behalf of ...

Greystone's 79 Horatio townhouse development in Manhattan's Greenwich Village sells for $21 million
Greystone, a New York-based real estate development and financial group, arranged the sale of 79 Horatio, a six-floor, 25-foot-wide townhouse located between Greenwich and Washington ...

Elmspring and Waterton Associates reveal Partnership
The elmspring accelerator, a seed-stage technology accelerator for real estate and tech startups, is partnering with Waterton Associates LLC to advance and test select products ...

Gorjian of Namdar Realty acquires 200,000 s/f Center Of Sheffield
Joel Gorjian, Namdar Realty Group has acquired Center Of Sheffield, a 200,000 s/f shopping center. The shopping center consists of a multitude of national and ...

Namdar Realty Group acquires free-standing Kroger building in Kentucky
Kentucky Joel Gorjian of Namdar Realty Group leads his group for the acquisition of the free-standing Kroger building. Kroger has three years remaining on their ...

Yankelovich of GFI Realty Services, Inc. secures $13 million sale of iconic Sheepshead Bay Eatery
GFI Realty Services, Inc. arranged the $13 million sale of 1821 Emmons Ave., a property in the Sheepshead Bay section of the borough. The 41,700 ...

Greenberg of ERG Property Advisors completes $3.3 million sale of PNC Bank in Alpharetta, Georgia
ERG Property Advisors arranged the sale of a triple-net (NNN) leased PNC Bank located at 11758 Jones Bridge Rd. PNC Bank has a 15-year NNN lease ...

Metro Property Group is now Houlihan-Parnes Properties
Metro Property Group, LLC has changed its name to Houlihan-Parnes Properties. The address for the company remains the same at 4 West Red Oak Ln. ...

Unger of Kalmon Dolgin Affiliates completes $5 million sale of 39 Ferris Street in Brooklyn
Kalmon Dolgin Affiliates, Inc. (KDA) arranged the $5 million sale of a 6,000 s/f warehouse and 14,000 s/f parking lot at 39 Ferris St. in ...

Eastern Consolidated and Cresa arrange $52.9 million sale of 110-112 Greenwich Street; Sold to Torkian of the BHT Corporation
Eastern Consolidated and Cresa New York have arranged the $52.9 million sale of an existing 66,530 gross s/f residential and retail property at 110-112 Greenwich ...

The Mid-Hudson awarded $82.8 million at the Regional Economic Development Council Awards
The state awarded $82.8 million - the highest amount granted to any of the 10 statewide councils - to 118 projects/initiatives that will preserve and ...

Goldflam and Soleimani of Highcap arrange $1.6 million sale of 6817 Third Avenue, Brooklyn
Josh Goldflam, managing principal of investment sales firm Highcap Group, arranged the sale of the building located at 6817 Third Ave. in the Bay Ridge ...

Bestreich, Rodriguez and Schiffman of Marcus & Millichap broker $3.675 million sale of 435 East 92nd Street
Marcus & Millichap, one of the leading commercial real estate investment services firms with offices throughout the United States and Canada, arranged the sale of ...

Astorino reveals banner year for Industrial Development Agency and Local Development Corporation; 20 projects total more than $560 million in private investment
Westchester County County Executive Robert Astorino revealed that 2014 was a banner year for the Westchester County Industrial Development Agency (IDA) and Local Development Corporation ...

Anzaldua of Metlife joins Common Ground Board
Common Ground, New York City's largest supportive housing developer and manager, announced that Ricardo Anzaldua has joined its Board of Directors. Anzaldua is executive vice ...

Westfried of Meridian arranges $135 million in financing; 50-story Holiday Inn Financial District at 99-103 Washington Street
Meridian Capital Group, LLC (www. www.meridiancapital.com), one of the leading national commercial real estate finance and advisory firms, negotiated a $135 million mortgage for the ...

Yankelovich of GFI Realty Services sells 89-unit elevator building for $25.7 million
GFI Realty Services, Inc. arranged the record-breaking $25.7 million sale of 115 Ocean Ave., an 89-unit multifamily building in the Prospect Lefferts Gardens section of ...

Founder
's Message: New Year's Message: Time FliesIt seems like just the other day that the Journal celebrated its 50th birthday - very big cake with ...

02-12-2015 - Santomassimo of The Massimo Group to talk "Maximizing Brokerage Income in 2015" at REBNY event
Join Rod Santomassimo, founder and president of The Massimo Group, North America's leading commercial real estate coaching and consulting firm and author of the best-selling ...