Front Section - October 14-27, 2014

Real Estate Coaching: Part 1: Selecting the real estate business model that's right for you
As a new real estate investor or seasoned professional looking to branch out in a new direction, you will have a critical decision to make ...

de Blasio unveils Digital.NYC for the city's tech ecosystem; Comprehensive online platform connects New Yorkers
New York City mayor Bill de Blasio unveiled Digital.NYC, a first-of-its-kind online platform that will serve as a centralized hub for the city's tech ecosystem, ...

Exterior Restoration and Local Law 11 Conference October 28 at NYU Kimmel Center
A first of its kind, industry-wide mega-event, the Exterior Restoration and Local Law 11, Conference on Technical, Financial & Legal Issues will take place from ...

Sklavenitis of Meridian Capital Group negotiates $29 million in financing; Financing provided by Knighthead Funding, LLC
Meridian Capital Group, LLC, one of the leading national commercial real estate finance and advisory firms, negotiated a $29 million acquisition and construction loan for ...

Raff and Mavashev launch Alpha Realty
Two of the industry's investment-sales brokers, Glenn Raff and Lev Mavashev, will merge to launch Alpha Realty, an investment sales brokerage firm that will specialize ...

Rosewood Realty Group closes multiple sales totaling $27.45 million; Includes $8.4 million sale by Perkoski and Jungreis
Rosewood Realty Group closed the following transactions totaling : * 537 Lenox Ave. in Central Harlem sold for $3.5 million. The five-story walk-up apartment building consisting ...

Yankelovich and Gindi of GFI broker $5 million sale
GFI Realty Services, Inc. arranged the sale of 147 Ocean Ave., a four-story, 17,320 s/f multifamily building located in the Prospect Lefferts Garden section of ...

Island Associates leases 1,389 s/f at 490 Wheeler Road, Hauppauge
Island Associates leased 1,389 s/f of office space located at 490 Wheeler Rd. to a law firm for a long-term lease. The firm joins 20 ...

Island Associates leases 2,500 s/f to Tropical Smoothie at 428 Wheeler Road, Hauppauge
Island Associates leased 2500 s/f free standing building at 428 Wheeler Road (Route 111) just south of the LIE to Tropical Smoothie Cafe. The convenient ...

Ustoyev, Edelkopf and Kim of EPIC secure $1.36 million sale of 673 Halsey Street
EPIC Commercial Realty, formerly Itzhaki Properties, arranged the sale of 673 Halsey St. The vacant brick building, currently a three-story walk-up with four box-style apartments, ...

Lupo and Niblock of Friedman-Roth arrange $15 million sale
Friedman-Roth Realty Services LLC arranged the sale of a Manhattan Valley apartment building located at 61 - 63 West 106th St. The six-story elevator building, ...

GATES finances $10.2 million for Sullivan County Community College/Dormitory Corp.
GATES Capital Corp. closed $10.2 million (aggregate) financing for Sullivan County Community College and the Sullivan County Community College Dormitory Corp. The financing incorporated (i) ...

Pliskin of Pliskin Realty & Development brokers two leases totaling 6,500 s/f; Includes 10-year lease with Maimonides Medical Center
Jeffrey Pliskin, President of Pliskin Realty & Development, Inc., of the New York-Metropolitan area's leading retail real estate brokerage and management firms, brokered the following ...

Breslin acquires management account for shopping center
Breslin subsidiary, Garden Realty Management, LLC, has landed another property management assignment for a 100,000 s/f shopping center. The center, anchored by a national supermarket, ...

Melwani of 212 Tax applauds changes to IRS' disclosure program
Anil Melwani, CPA, managing partner at 212 Tax & Accounting Services, commends the United States Internal Revenue Service's (IRS) recent changes to its voluntary offshore ...

Letter of Intent - The New Focus for Office
As worlds collide in New York City and suits brush up against dressed down start-up professionals and technology companies, office owners both here and Brooklyn ...

IFM signs 18,260 s/f with The Durst Organization at 114 West 47th Street
According to The Durst Organization, IFM Investors (US), LLC has a signed a 16-year lease for 18,260 s/f on 26th floor of 114 West 47th ...

Rose Associates hosts NYSERDA event on CHPs
Rose Associates hosted a presentation by the New York State Energy Research and Development Authority (NYSERDA) at The Churchill, a 586-unit condo-op located in Murray ...

Executive of the Month: Schanzer, president and CEO of Friedland Realty Advisors: New leader brings innovation and business acumen to commercial real estate firm; Goal of enhancing Friedland's technical infrastructure and attracting new talent
Friedland Realty Advisors has a new and transformational leader at its helms. Ayall Schanzer has joined the recently rejuvenated commercial real estate firm (formerly NAI ...

Service, experience and relationships drive real estate
Customer service remains a key differentiator in the real estate industry, and often is determinative in generating future business or client references. In today's data ...

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

NYCREW introduces next generation to commercial real estate; Teamed with BALI for half-day of seminars
Leaders and volunteers from the New York Chapter of Commercial Real Estate Women's Network (NYCREW) introduced 60 teenaged women to the opportunities available to them ...

NYCREW presents "The Women Leading New York's Real Estate Families, Take Three" on October 15 at Women's National Republican Club
One of the most popular industry spotlights hosted by the New York Chapter of Commercial Real Estate Women's Network (NYCREW) will make a triumphant return ...

Meet the NYCREW Member: Catherine Marcus
Catherine Marcus of Prudential Real Estate Investors is the newest member of NYCREW. Marcus brings to NYCREW 26 years of commercial real estate experience and is ...

Moving to the cloud just got easier
The race to the cloud in the commercial real estate industry is ever more apparent as more and more companies look to reduce costs, improve ...

The Cement League hires Salgo as executive director
According to The Cement League, Michael Salgo, Esq., has been named as executive director. In this capacity, he will lead the highrise concrete contractors association ...

NYSSA's 2014 Annual Conference & Membership Meeting October 15 - October 16 in Verona
This year's New York Self Storage Association's (NYSSA) Conference marks the associations return to the Turning Stone Resort & Casino in Verona. Join NYSSA for ...

Grandstaff joins First Niagara Bank
First Niagara Financial Group, Inc. through its wholly owned subsidiary, First Niagara Bank, N.A. has hired Gary Grandstaff as vice president and senior relationship manager, ...

Marcus & Millichap promotes Von Der Ahe to SVP investments
Marcus & Millichap named Peter Von Der Ahe a senior vice president investments in the Manhattan office, according to J.D. Parker, first vice president and ...

Greenberg and Wolfson of ERG secure 3,280 s/f retail space
ERG Property Advisors arranged the long-term lease of a retail space at 1215 Jericho Turnpike. The 3,280 s/f retail space sits amongst an array of ...

Ellis of Savills Studley secures 11-year lease for gyro at 115 Broadway
gyro, a prominent global business-to-business advertising agency, is relocating to Lower Manhattan and expanding its office space by double its current size. The firm has signed ...

TEI Art-in-Buildings reveals newest exhibition at 125 Maiden Lane: Breathless Maiden Lane
Time Equities Inc. Art-in-Buildings revealed the newest exhibition in the lobby of 125 Maiden Ln., Grimanesa Amorós: Breathless Maiden Lane. Grimanesa Amorós is a multidisciplinary ...

BMNAR's 13th Annual Trade Show at the Bronx Y
By Eliezer Rodriguez For the past twelve years, The Bronx Manhattan North Association of Realtors (BMNAR) has been hosting a Trade Show as a way of ...

Meet the BMAR Member: Kathy Zamechansky
Kathy Zamechansky, owner and president of KZA Realty Group, Inc., a Bronx-based commercial real estate brokerage and development consulting firm, has over 35 years of ...

12-08-2014 - Tri-State Realtor Convention: December 8-11 - Atlantic City, N.J.
By John Lavelle NYSCAR Meeting NYSCAR held their Annual Meeting at Turning Stone Resort & Casino on September 28. The meeting was very productive and committee and ...

Thor Equities acquires Upper West Side rental for $37.35 million; Brokered by Vegh of Westwood Realty - 840 West End Avenue
Thor Equities closed on another Upper West Side rental property for $37.35 million. This acquisition is Thor's fourth purchase in the UWS in the past ...

Lichtenstein of LichtensteinRE secures $7.7 million sale of three properties
Andrew Lichtenstein, president of LichtensteinRE, has just sold a package of three multifamily properties in the Bronx for $7.7 million all-cash. This portfolio consists of three ...

Question of the Month: What are the ten most influential key factors that affect any design?
Excerpted and adapted from The Architect's Handbook of Professional Practice, 13th edition February 2007 Each project has a different set of requirements, limitations, challenges, and ...

Professional Profile: Lev Mavashev, 2014
Name: Lev Mavashev Title: Co-Founder/Managing Partner Company: Alpha Realty LLC Location: New York, N.Y. Birthplace: Bukhara, Uzbekistan Education: BBA Accounting, Baruch College First job outside of real estate: CPA/Associate, Deloitte First job ...

Professional Profile: Anil Melwani, 2014
Name: Anil Melwani Title: Owner and President Company: 212 Tax & Accounting Services Location: Manhattan, New York City Birthplace: Manhattan, New York City Education: Great Neck North High School ...

Professional Profile: Glenn Raff, 2014
Name: Glenn Raff Title: Managing Partner Company: Alpha Realty LLC Location: 6 East 39th Street New York, N.Y. Suite 701 Birthplace: West Caldwell ...

Professional Profile: Gardner Semet, 2014
Name: Gardner Semet Title: Senior Vice President of Commercial Real Estate Company: BankUnited Location: New York City Birthplace: Newark N.J. Education: MBA Columbia College; NYU Real Estate Institute; Columbia University ...

173 Amity Street launches sales in Cobble Hill, Brooklyn
Stribling Marketing Associates has launched sales at the eight-unit residential building located at 173 Amity Street in historic Cobble Hill. Developed by Lonicera Partners, the ...

JLL Market Report: New York office market posts lowest overall vacancy rate since 3rd Quarter 2008
Despite moderate leasing activity during the third quarter of 2014, New York's office market posted sharp drops in vacancy rates in every submarket and property ...

EPIC sells Ridgewood Apartment building for $1.15 million
EPIC Commercial Realty, formerly Itzhaki Properties, arranged the sale of 559 Seneca Ave. Located on a tree lined block between Bleecker and Menahan Sts., the ...

Hayum of Meridian Capital Group arranges $32 million in permanent financing for two mixed-use properties
Meridian Capital Group, LLC, a leading national commercial real estate finance and advisory firm, negotiated two new mortgages totaling $32 million to refinance two mixed-use ...

Anderman and Blank of Meridian Capital Group secure land loan for 3 Hudson Boulevard
Meridian Capital Group, LLC, a leading national commercial real estate finance and advisory firm, negotiated a land loan for 3 Hudson Boulevard on behalf of ...

Efrati of Entrepreneur Properties reps Mann Realty in $41.5 million sale; Buyer: Thor Equities in partnership with Green Oak Real Estate
Maurice Mann's Mann Realty has sold 150 West 82nd St. in the Upper West Side for $41.5 million. The building is a 10-story , 49,000 ...

Weiss, Sznajderman and Tio of RM Capital broker $11 million construction financing
RM Capital Management LLC (www.rmcapgroup.com) closed an $11 million construction loan for the development of 321-325 Pacific St. in the Boerum Hill neighborhood into four-single ...

Riney, Salvatico, Saros and Fotis of Marcus & Millichap complete $17.5 million sale of 68 Richardson Street
Marcus & Millichap, one of the leading commercial real estate investment services firms with offices throughout the U.S. and Canada, arranged the sale of 68 ...

McCulloch of Houlihan Parnes Realtors arranges sale of 301 Sixth Avenue, Verplanck for $1.3 million
Steve McCulloch of Houlihan Parnes Realtors represented the buyer in the sale of 301 Sixth Ave. This property consists of 5.5 acres with 350 ft. ...