Front Section - March 24-6, 2015

Berch and von Dwingelo of JLL's Hotels & Hospitality broker $18 million; Sale of Clarion LaGuardia Airport on behalf of GECMC 2007-C1 Ditmars Lodging
On behalf of GECMC 2007-C1 Ditmars Lodging, LLC, JLL's Hotels & Hospitality experts arranged the sale of the Clarion LaGuardia Airport located at 94-00 Ditmars ...

Polsinelli and Danshes of Eastern Consolidated complete Bauhouse Group's $32 million acquisition
The Bauhouse Group, a New York City-based real estate development and investment firm, revealed the $32 million acquisition of an assemblage at 428-432 East 58th ...

Segall and Masi of RKF arrange $18.75 million sale
RKF arranged the $18.75 million sale of a 5,700 s/f mixed-use property located at 497 Broome Street in SoHo. RKF investment sales professionals managing director ...

Construction Law: Free rent in retail store leases
It is fairly standard in most retail leases in New York City for the tenant to have a few months of free rent from the ...

Deputy mayor Glen and Citi to launch WE NYC; Initiative to expand female entrepreneurship in New York City
First lady Chirlane McCray, deputy mayor for Housing and Economic Development Alicia Glen and Citi will reveal WE NYC (Women Entrepreneurs New York City), an ...

RFR Realty establishes office leasing platform with JLL
Real estate investment, leasing, management and development firm RFR Realty revealed that JLL, the commercial real estate services and investment management firm, will serve as ...

Efrati of Entrepreneur Properties sells 43-05 65th Street for $8.4 million; Reps private seller and buyer Horn
Entrepreneur Properties arranged the sale of 43-05 65th St. The property sold for $8.4 million or 14 times the rent. The property is a four-story walk-up ...

Simson and Ciminelli of NGKF rep Wyndham Vacation Ownership in 16,581 s/f lease at 733 Third Avenue; Durst Organization represented in-house by Neil and Aaron
According to The Durst Organization, Wyndham Vacation Ownership has signed an 11-year lease for 16,581 s/f on the second floor of 733 Third Ave. "We are ...

Hakimian, Esh and Fishbein of HPNY secure $30 million sale; Seller: entity controlled by American Real Estate Holdings
The HPNY team has orchestrated the closing of 121-133 Hudson St. for $30 million. Encompassing the whole block front between Beach St. and North Moore ...

MADGI completes renovation of 2,200 s/f lobby at 180 Madison Avenue
The New York City architecture, design, and planning firm of Montroy Andersen DeMarco (MADGI) completed the renovation of a 2,200 s/f historic lobby at 180 ...

Ariel Property Advisors sells retail property and development site for $4.8 million; Wechsler, Tortorici, Agbaba, and Sozio broker $2.85 million
Ariel Property Advisors has arranged the sale of two properties in the borough totaling $4.8 million. A development site with approved plans sold at 14-23 Broadway ...

Renshaw of Stan Johnson Company named one of Top Women to Watch in Real Estate for 2015
Sokol Media has selected Stan Johnson Company senior director and New York lead broker Camille Renshaw as one of its Top Women to Watch in ...

Saroop joins Brown Harris Stevens
Brown Harris Stevens, the exclusive affiliate of Christie's International Real Estate, revealed that Anisa Saroop, a respected and highly effective agent, has joined its flagship ...

Mavashev and Aronov of Alpha Realty arrange $7.6 million sale; 64,000 s/f elevator building at 1314 Seneca Avenue
Alpha Realty arranged the sale of 1314 Seneca Ave. in the Hunts Point section of the borough for $7.6 million. This trade set a new ...

E. W. Howell breaks ground on 105,000 s/f school in Brooklyn
A groundbreaking ceremony was held on March 4 for the PS /IS 338 School. Located at 21 Hinckley Place, the new primary/intermediate school will be ...

Hammer and Ryback of Meridian Capital Group finance $7.3 million; Four-story multifamily property - 40 units
Meridian Capital Group, one of America's most active debt brokers, negotiated a $7.3 million loan for the refinance of a multifamily property. The five-year loan, provided ...

KZA Realty Group brokers four deals totaling 16,350 s/f and $655,815
According to Kathy Zamechansky, president and owner of KZA Realty Group, Inc. (KZA), her firm brokered the following four commercial real estate deals for 16,350 ...

Ross and Hakimian of Highcap sell 137 MacDonough Street for $2.1 million; four-story walk-up with eight three-bedroom apartments
Highcap Group arranged the first sale in over 20 years of 137 MacDonough St. in the Bedford-Stuyvesant section of the borough. Laurence Ross, a managing ...

Nowak and Patel of Marcus & Millichap secure $1.6 million sale
Marcus & Millichap, one of the leading commercial real estate investment services firms with offices throughout the U.S. and Canada, arranged the sale of 489 ...

Bass joins Akerman's Real Estate Practice Group
According to National law firm Akerman LLP, consultant Richard Bass has joined the Real Estate Practice Group as senior planning & development consultant. Bass brings ...

CGI partners with Campus Evolution Villages
Clinton Group, Inc., a stockholder of Campus Crest Communities, Inc., has partnered with Campus Evolution Villages, LLC, one of the leading private owners and operator ...

Condren and Danut of CPEX secure 800 s/f lease at 195 Court Street; Cushman & Wakefield rep tenant - Marine Layer
The CPEX New York Retail Leasing Team completed a lease agreement at 195 Court St. with boutique apparel shop Marine Layer. This is the third ...

Sadaghati, Pershin and Spielman of GFI complete $4.6 million sale; 469 West 153rd Street - five-story walk-up apartment building
GFI Realty Services, Inc. arranged the sale of 469 West 153rd St. aka 1881 Amsterdam Ave., a corner five-story walk-up apartment building located in the ...

Colliers International promotes Nuzzolese and Leiderman
Colliers International LI Inc. unvieled the promotions of Gus Nuzzolese, Esq. to president and Darren Leiderman to chief operating officer of the Long Island operations, ...

Vodafone leases 34,408 s/f at Rudin Management's 560 Lexington Avenue
As its ambitious office lobby and public plaza renovation project nears completion, the Rudin Family has revealed a long-term lease signing at 560 Lexington Ave. Vodafone, ...

Thru the Lens: C.W. Brown Awarded Prestigious Certification from Westchester Green Business Challenge
C.W. Brown, Inc. has long held a commitment to sustainability, as seen in everything at its Armonk headquarters from its non-reflective roof to the compost ...

Thru The Lens: Cushman & Wakefield teams finish first and second in 38th Annual Empire State Building Run-Up Broker's Challenge
Cushman & Wakefield's John Weidner, Jon Fales and Myles Fennon comprised the fastest brokerage team to make it up the stairs of the Empire State ...

Thru The Lens: Fox Residential Celebrates 26 Years
Fox Residential Group founder and president Barbara Fox is joined by her husband, James Freund, and her broker-niece, Alexis Mintz, at a casual luncheon she ...

Thru The Lens: Savills Studley's Learner named one of "15 Women To Watch In 2015"
Savills Studley's chief economist Heidi Learner has been named among the "15 Women To Watch In 2015" by Sokol Media. The award was presented on ...

Executive of the Month: Au of Au Consultants Inc.: New business opportunities in today's commercial financing market; Firm provides "personal commitment" to their clients and increasingly specialized demands
Jason Au, who recently ventured out on his own with his commercial financing firm, Au Consultants Inc., has made his primary goal of providing financing ...

Watch your condo listings and model apartments!
I enjoy using the recent technological innovations in real estate. I have signed up for and use Zillow for its estimates of house values and ...

Savills Studley reveals key 2015 promotions
According to Savills Studley, Jeffrey Peck and Will Silverman have been promoted to executive managing directors, and David DiPietro was promoted to senior managing director. Ralph ...

Troutbrook Company seeking construction financing for two projects
New York City-based Troutbrook Company is presently seeking construction financing for two projects: a 85-room fully-approved adjacent select service hotel to the subject site in ...

Freud Builders to complete renovation and addition at Hampton Inn
Freud Builders and Hilton have revealed the commencement of the addition of a 5,000 s/f pool and social zone area and complete renovation of the ...

Cohen and Drebin of Meridian arrange $30.8 million in permanent financing
Meridian Capital Group, America's more active debt broker, negotiated a $30.8 million loan for the refinance of Columbus Garage, a parking garage with retail and ...

Gaia Real Estate, Menora Mivtachim and Amitim acquire 1,376-unit portfolio
Gaia Real Estate, in conjunction with its partners Menora Mivtachim Insurance and Amitim Senior Pension Funds, revealed the acquisition of a five-property, 1,376-unit portfolio. Menora ...

Advalurem Group provides sponsor equity to assist operating partner BRES
Advalurem Group (AG), a real estate investment management firm focused on middle-market real estate, provided sponsor equity to assist its operating partner, Block Real Estate ...

Adomatis and Jackson of the AI contribute to Solar Valuation Study
Two members of the Appraisal Institute contributed to a landmark study released by the U.S. Department of Energy's Lawrence Berkeley National Laboratory that found that ...

Coldwell Banker Commercial releases Top Markets Report for commerial real estate
The 2014 Coldwell Banker Commercial Market Comparison Report was released, ranking the top commercial real estate markets in the country. The report examined more than ...

Larken Associates acquires 62-unit West End Village
Larken Associates continues to build its Lehigh Valley Apartment Portfolio with the acquisition of West End Village, a 62-unit apartment community at 1306 West Lehigh ...

Tirado of Largo arranges $15 million in financing
Lori Tirado, managing director of the Largo Hospitality Finance Group, arranged permanent financing in the amount of $15 million to refinance the existing debt on ...

Welco Realty leases 15,000 s/f to Cost Plus World at 490 Broad Street
Cost Plus World Market, a division of Bed, Bath & Beyond has secured a new 15,000 s/f space at 490 Broad St. It is their ...

Cahill and Baker of Avison Young secure 10,000 s/f sublease
Avison Young, the world's fastest-growing commercial real estate services firm, completed a 10,000 s/f sublease on behalf of LogicSource, one of the leading sourcing and ...

Pomerantz named Gebroe-Hammer's 2014 Salesperson of the Year
Debbie Pomerantz, Gebroe-Hammer Associates' Bergen/Passaic county multifamily investment market specialist, has been named the firm's 2014 Salesperson of the Year. Pomerantz, who earned this award ...

DesRochers of NorthMarq facilitates $18 million mortgage loan
Ernest DesRochers, senior vice president and co-managing director of NorthMarq Capital's New York metro office arranged an $18 million mortgage loan for the refinance of ...

Allpro Parking acquires Eckl Parking Company of Columbus, Ohio
Allpro Parking, LLC has acquired Eckl Parking Company based in Columbus. Effective February, Eckl Parking, LLC portfolio of services, along with their staff will become ...

True North Management Group leases 10,500 s/f at ESRT's Ten Bank Street; Newman, Zaccagnino and Long of ESRT assist in deal
True North Management Group, a privately held real estate investment management firm, will relocate its headquarters to 10,500 s/f at Ten Bank St., adjacent to ...

Trion adds three complexes to its Westchester County 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 three new residential complexes, bringing ...

Svec of the Largo Hospitality Finance Group secures $16 million in construction-permanent financing
John Svec, managing director of the Largo Hospitality Finance Group, arranged $16 million in construction-permanent financing for an 83-room Hampton Inn & Suites and permanent ...

Piller of Meridian Capital Group arranges $58.5 million in permanent financing
Meridian Capital Group, LLC, a leading national commercial real estate finance and advisory firm, arranged a $58.5 million loan for the refinance of an 11-property ...

Lieberman and Berkes of Meridian Capital Group arranges $15.5 million in permanent financing on behalf of Himmel + Meringoff
Meridian Capital Group, one of the leading national commercial real estate finance and advisory firms, negotiated a $15.5 million mortgage for the refinance of an ...

U.S. office investment hits largest full-year total since 2007 according to CBRE Group, Inc.
Increased demand for office space, the strongest labor market since 1999 and continued strong interest from investors combined to drive the largest full-year office investment ...

Eastern Consolidated retained as the exclusive leasing agent for 80 Lafayette Street
Eastern Consolidated has been retained as the exclusive leasing agent for 80 Lafayette St., a prime Tribeca retail property located between White and Franklin Sts. This ...

Platinum Drive Realty exclusive listing: 2 acres of land at 5 Cornell Street
Platinum Drive Realty is the exclusive listing of a home on over 2 acres of land at 5 Cornell St. An Exceptional Estate with Spectacular ...

Cohen Real Estate listing: Super Walmart Shadow-Anchored Center Westside Village Shopping Center
Cohen Real Estate is offering for sale Westside Village Shopping Center, a very well located Walmart Shadow - anchored neighborhood retail center. Located at 7707, ...

Eastern Consolidated exclusively markets 140 Franklin Street retail space
Eastern Consolidated has been retained as the exclusive leasing agent for a 19,000 s/f divisible retail space at 140 Franklin St. The property is available ...

Kalbridge Associates sells 113-117 Elizabeth Street to A.D. Real Estate for $26 million
Kalbridge Associates, LLC, a joint venture of The Kalikow Group and Waterbridge Capital, has sold three adjoining five-story multi-family buildings located at 113-117 Elizabeth St. ...

Simone Development selected by City of Yonkers as redeveloper of the Boyce Thompson Property; Plan for the $35 million redevelopment project
Simone Development Companies, a full-service real estate investment company specializing in the acquisition and development of office, retail, industrial and residential properties in the New ...

Knight named president of Greater Jamaica Development Corporation
According to the chairman of the board of directors of the Greater Jamaica Development Corp., Hope Knight, the chief operating officer of the Upper Manhattan ...

TIAA-CREF acquires 837 Washington Street
TIAA-CREF, a leading U.S. financial services organization, today announced the acquisition of 837 Washington St., an office property with ground-floor retail in Manhattan's Meatpacking district. The ...

04-24-2015 - Real Estate Institute to host Spring Symposium at SUNY Farmingdale
Real Estate Institute hosts Spring Symposium at SUNY Farmingdale on April 24, 2015 Registration at 8:30 am 9:00 am - 12:30pm Symposium LI's Future: Innovation and Infrastructure Registration:www.reisb.org...