Front Section - May 12-25, 2015

Commercial Real Estate: Why the Brooklyn market will remain strong
From boom to bust to recovery, the New York City real estate market has remained strong, and the Brooklyn market has proved especially healthy. While ...

De Blasio reveals selection of 11 technologies from Rise: NYC; To be Deployed at Sandy-impacted small businesses
Mayor Bill de Blasio revealed the selection of 11 organizations to deploy their innovative technologies and climate change solutions to at-risk and vulnerable small businesses. ...

Gervis of Meridian Capital arranges $325 million in acquisition financing; For RXR Realty's Leasehold Office Property Purchase
Meridian Capital Group, one of America's most active debt brokers, negotiated $325 million in acquisition financing for the purchase of the leasehold interest in an ...

WAC closes $450,000 loan for NY hair salon
Worth Avenue Capital, LLC (WAC) arranged financing for a hair salon that is based in New York State for $450,000. The loan proceeds were used ...

Broome County IDA launches new brand
The Broome County Industrial Development Agency launched its organizational re-brand at its 2nd Annual Community Breakfast held at Traditions at the Glen Resort & Conference ...

Yankelovich of GFI Realty Services secures $14.25 million sale; 15-21 Crooke Avenue - 54-unit apartment building
GFI Realty Services, Inc. arranged the $14.25 million sale of 15-21 Crooke Ave., a multifamily building in the Prospect Park South section of the borough. GFI ...

Trion adds five residential complexes to its New York real estate management portfolio
Trion Real Estate Management, one of the tri-state area leaders in full-service property management headquartered in Yonkers, is now managing five new residential complexes in ...

Wallace joins Houlihan & O'Malley's commercial sales group
According to Dan Houlihan, president of Houlihan & O'Malley Real Estate Services, licensed real estate professional Jason Wallace, a 30-year foodservice veteran and past chairman ...

Question of the Month: What are the pitfalls and penalties of Real Property Income & Expense-14?
Now that April 15th has passed, most New York City property owners - and their accountants - have turned their attention to the legally required ...

Spiegel and Joachim of Rose Associates lease 2,583 s/f at 286 First Avenue; Hochhauser of Winick repesents tenant - Chipotle Mexican Grill
Rose Associates, the New York-based full-service real estate firm, signed a 15-year lease with Chipotle Mexican Grill for 2,583 s/f at 286 First Ave. The ...

Von Der Ahe, Edelstein, Glasser and Moskowitz of Marcus & Millichap sell 1774 Amsterdam Avenue for $9.95 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 a ...

Executive of the Month: Hakimian of The Hakimian Organization: Unique skill set and personal touch to all projects
The Hakimian Organization, a New York-based leading real estate development firm, was co-founded in 1970 by Ben and Joe Hakimian and has since expanded into ...

The comm'l. classroom: Measuring space in buildings
This column is offered to help educate agents new to commercial and investment brokerage and serve as a review of basics for existing practitioners. We ...

Letter of Intent - Brooklyn's Continued Development Boom
Brooklyn's total new development sponsor sales in the first quarter of 2015 grew 95% from fourth quarter 2014 and the median sales price jumped an ...

RE/MAX launches advertising campaign across New York state
The RE/MAX of New York revealed that it will embark on an aggressive advertising campaign across New York state. The program will include television ...

Eastern Consolidated arranges $236 million sale of 15-property, 1.5m s/f rental portfolio
Eastern Consolidated arranged the sale of "The Kings Portfolio" - spanning Central Brooklyn and Staten Island - for $236 million with principals Peter Rebenwurzel of ...

Royalton Capital acquires 250 Varet Street for $700,000; DTZ to market the property
Royalton Capital LLC, an investment group led by partners Jin Lee and Joshua John, has acquired 250 Varet St. for $700,000. The 2,500 s/f, single-story, ...

HKS Capital Partners closes hospitality and multifamily deals totaling $51.125 million
The New York-based HKS Capital Partners, an advisory firm specializing in debt and equity finance nationwide, celebrated its fourth anniversary with the continued growth of ...

Steinfeld joins DJK Residential
DJK Residential, one of the leading full-service real estate brokerage and relocation firms with offices in Manhattan, New Jersey and Connecticut, revealed the hire of ...

Manhattan "Bridge and Tunnel" real estate undergoes makeover
The ever-changing climate of luxury real estate has mid-sized developers looking for that golden opportunity within neighborhoods that are experiencing an influx of growth. With ...

Keep your head in the clouds
Dream big and remain intellectually curious throughout your real estate career. As professionals, we have a duty to work hard for our clients and in ...

Quarterly Market Report: Executive interview with Shimon Shkury, president of Ariel Property Advisors
NYREJ recently sat down with Shimon Shkury, president of Ariel Property Advisors, a New York City investment property sales firm, who shared some of the ...

BMNAR is batting 2 for 2 for the community
By Eliezer Rodriguez, Esq. When Kathy Zamechansky was sworn in as the 57th president to lead The Bronx-Manhattan North Association of Realtors (BMNAR), she pledged to ...

Meet the BMNAR Member
Gary Jacobs is the fourth generation owner of F&F Supply, a 73 year old building supply company located in Hunts Point. Since joining F&F Supply ...

Phillips and Wymer of the Largo Group of Companies finance $33 million
Jack Phillips, principal and Brett Wymer, account executive of the Largo Group of Companies secured a total of $33 million in financing for six manufactured ...

Foley, Marx and Messina of Savills Studley secure 82,092 s/f for Securitas
In a major Northern New Jersey office move, Securitas Security Services USA, Inc., a global knowledge leader in security, has executed an 82,092 s/f office ...

TAYLOR awarded construction contract for Fresenius Vascular Care
TAYLOR, one of the leading regional general contractors out of Penfield, N.Y., has been awarded the contract for construction of the new Fresenius Vascular Care, ...

Tulfra and Hampshire Companies acquire former Glaxo SmithKline building
Tulfra Real Estate has added 65 Industrial St. South, the former Glaxo SmithKline building, to its growing portfolio. The Rochelle Park, NJ-based industrial real estate ...

Appraisal Foundation approves Texas A&M University for credit
The appraiser qualifications board of The Appraisal Foundation revealed that graduates who hold a Bachelor of Science from Texas A&M University's Agricultural Economics with Finance ...

Bar-Or, Williams and Neuman of Meridian finance $13.6 million
Meridian Capital Group, one of America's most active debt brokers, arranged $13.6 million in bridge and construction financing for two hotel properties located on behalf ...

Arbor funds $185 million in multifamily deals
Arbor Commercial Mortgage, LLC, a national, direct commercial real estate lender, revealed the funding of 19 loans totaling $185 million across TX, MN, VA and ...

Provenance Hotels and NBP purchase Seattle's Roosevelt Hotel
Provenance Hotels, owner and operator of award-winning independent lifestyle hotels, has partnered with NBP Capital, a privately held investment real estate fund, to purchase the ...

14th Annual NYS Commercial Real Estate Conference - June 8-10
By John Lavelle On behalf of Conference chairman Brian DiNardo, the planning committee and the Board of Governors, we invite you to join us at the ...

Mandell and Silverstein of Cushman & Wakefield secure 12,602 s/f lease for Compass at RFR's 90 Fifth Avenue
According to RFR Realty LLC, technology-driven real estate platform Compass has signed a new lease at 90 Fifth Avenue to grow its space there by ...

DTZ Manhattan Office Market Report for April Highlights
The following are highlights from DTZ Manhattan Office Market Report for April: Market Stabilizes in April * After starting the year off slow with negative 2.3 million ...

Blumenthal joins HAP Investments as a financial analyst
HAP Investments LLC, a New York based international real estate investment and development company, has revealed that Doni Blumenthal has been appointed a financial analyst ...

Avison Young's New York City-based Capital Markets Group serving as exclusive sales agent for 239 East 77th Street in Manhattan
According to Avison Young, one of the the world's fastest-growing commercial real estate services firm, its New York City-based Capital Markets Group has been retained ...

Thor Equities welcomes Brioni Flagship to 680 Madison Avenue
Thor Equities, a global leader in urban real estate development, leasing and management, has leased 7,000 s/f of retail space at 680 Madison Ave. to ...

The Business Council of Westchester's optimistic about the county's future
Westchester County has many great assets and challenging obstacles for economic development, yet leaders from real estate, government and business remain optimistic about its future ...

CPC celebrates grand opening of $19.1 million Highridge Gardens; CPC provides $10.5 million construction loan / NYSERDA awards $148,000 for development
State and local officials, Rehabilitation Support Services Inc. (RSS), local developer Ken Kearney, and The Community Preservation Corp. (CPC) gathered to celebrate the grand opening ...

Edelkopf of EPIC Commercial Realty sells 3341 Westminster Road for $6.2 million
EPIC Commercial Realty arranged the sale of 3341 Westminster Rd., between Caton and Church Aves., in Prospect Park South. The four-story, walk-up building houses 32 ...

Founder's Message: THE STRANGEST SECRET
Many years ago when I was working hard but drifting with no guidance I was fortunate to be introduced to Earl Nightingale's "The Strangest Secret." ...

06-04-2015 - Urban Land Institute to hold "The CBRE Information Revolution: Will Transparency Lead the Way?"
The Urban Land Institute New York will hold "The CBRE Information Revolution: Will Transparency Lead the Way?" on June 4th. Registration will run from ...

05-29-2015 - BMAR to hold Legislative Breakfast
The Bronx-Manhattan North Association of Realtors (BMAR) will hold a City Council Legislative Breakfast on May 29th at Pelham Day Diner. The breakfast begins at ...