Front Section - November 25-8, 2014

Commercial Real Estate: The emergence of the Bronx
With the Brooklyn real estate market overheated, and real estate pricing in New York City quickly escalating, investors and developers seeking higher yields are increasingly ...

de Blasio administration launches major manufacturing expansion; $140 million investment from city - Brooklyn Navy Yard
Mayor Bill de Blasio revealed a major investment to transform the Brooklyn Navy Yard's Building 77 into a modern manufacturing facility generating 3,000 good-paying jobs. The ...

Real estate industry mourns loss of Markman of Cushman & Wakefield
Glenn Markman, whose passion, creativity and entrepreneurial spirit transformed his home borough of Brooklyn, many of New York's neighborhoods and the city's real estate industry, ...

Anderman of Meridian arranges $120 million in construction financing; 424 unit development - on behalf of The Lightstone Group
Meridian Capital Group, LLC negotiated $120 million in construction financing for the development of a multifamily property located in the Carroll Gardens neighborhood of the ...

Fabian of Heritage Realty secures 2,550 s/f lease
Amira I Grand Foods Inc. (subsidiary of Amira Nature Foods Ltd), one of the leading global providers of Indian specialty rice, will expand its U.S. ...

Savills Studley leases 9,869 s/f to Heffner Agency
The Heffner Agency, a multigenerational family-owned insurance company, will soon relocate to 40 Wall St., a.k.a. the Trump Building, in a transaction brokered by global ...

Lichtenstein of LichtensteinRE sells 1133 Longfellow Avenue for $840,000
Andrew Lichtenstein, president of LichtensteinRE, has just sold a vacant building located at 1133 Longfellow Ave. for $840,000 all-cash. "It is an eight family architecturally lovely ...

DiBella of Pliskin Realty handles two leases totaling 3,600 s/f
Michael DiBella, a sales associate with Pliskin Realty & Development, a prominent New York-Metropolitan area retail real estate brokerage, property management and investment firm, served ...

MADGI promotes Waghmare to project manager
New York City architecture, design, and planning firm Montroy Andersen DeMarco (MADGI) has promoted Ajay Waghmare, LEED AP to project manager from senior job captain. ...

Property of the Month: Purchase Professional Park: New look and new name for Westchester's premier office park; four modern buildings totaling 220,000 s/f of class a office and medical space
One of Westchester County's premier professional office parks is getting a new look and a new name. Formerly known as the Harrison Executive Park, the ...

tw telecom is now Level 3 Communications
It is an exciting time for tw telecom - now Level 3 Communications. The recent acquisition of our company represents a lot of positive changes, ...

Question of the Month: Buying up for basis: What to do when opportunity knocks?
This time of year, real estate owners are beginning to draft end-of-year statements for their properties and will consider their expected tax liability. For many ...

Avison Young secures 50,965 s/f long-term lease with Tremor Video; Mirante, II, Gottlieb, Cohen and Hines rep ownership
Avison Young, the world's fastest-growing commercial real estate services firm, completed a 50,965 s/f, long-term office lease, with advertising technology company Tremor Video on behalf ...

Janover relocates Manhattan office to 485 Madison Avenue
Janover LLC, certified public accountants and advisors have unveiled the upcoming move of their Manhattan office to 485 Madison Ave. Recent company growth and admission of ...

Just what is "Gross Negligence"?
Management and service contracts and LLC Agreements all have indemnification and waiver-of-liability clauses to protect the parties, depending on custom and the market. The classic ...

TTL: Hudson Gateway Association of Realtors raises $23,000 for Make-A-Wish Hudson Valley
This year, the Hudson Gateway Association of Realtors has raised a total of more than $23,000 for Make-A-Wish Hudson Valley, the Tarrytown-based non-profit organization that ...

TTL: New Heritage Theatre Group's 50th Anniversary Gala
Honorary co-chair of the New Heritage Theatre Group's 50th Anniversary Gala Faith Hope Consolo, chairman, Douglas Elliman's Retail Group was part of a star-studded roster ...

TTL: Ladies of Zere Real Estate Services attend her Majesty's British Consulate-General
The Zere ladies of Zere Real Estate Services were invited to her Majesty's British Consulate-General in New York on behalf of a special celebration and ...

TTL: B'nai B'rith Real Estate monthly luncheon meeting on November 6
Robert Lapidus, president and chief investment officer, L&L Holding Company, addressed the B'nai B'rith Real Estate monthly luncheon meeting, November 6, at the Cornell Club. ...

Remember when: November 23, 2010
New York, NY This year's N.Y.C. Real Estate Expo set an attendance record. Under the guidance of Anthony Kazazis, the expo has grown to be ...

Budgeting with a plan for one goal!
One of the most important aspects of budgeting is to have a plan and a specific Goal. I've outlined a plan below and your 1 ...

Knight Frank Residential and Douglas Elliman form strategic alliance
Two of the biggest names in residential property, Douglas Elliman Real Estate and Knight Frank Residential, have unveiled the launch of a new residential real ...

Silverstein and D'Lando of Angelic Real Estate finance $5.63 million
Angelic Real Estate structured and placed a $5.63 million acquisition and good news first lien financing for 610 Uptown Blvd. in Cedar Hills, a south ...

Anderman and Blank of Meridian arrange $31.5 million in acquisition financing
Meridian Capital Group, LLC, one of the leading national commercial real estate finance and advisory firms, arranged a $31.5 million loan for the purchase of ...

Mancini*Duffy to create interior master plan for 2 million s/f Bell Works
Mancini*Duffy, one of the leading architectural and interiors practices, has been retained by Somerset Development to create a master plan for the interior design of ...

Investors Bank finances two multifamily properties totaling $45.1 million
Investors Bank's CRE lenders completed the following financing transactions for multifamily housing properties totaling $45.1 million: * $30 million, fixed-rate loan to refinance the commercial ...

Hunt Mortgage Group opens a new office in Cleveland, Ohio
Hunt Mortgage Group, a commercial real estate lender, has opened a commercial mortgage financing office in Cleveland. The office will be located at 9826 East ...

Z Realty Group brokers 3,300 s/f lease for 7-eleven
Z Realty Group has placed 7-Eleven, Inc. in River Edge. 7- Eleven filled a 3,300 s/f end-cap space in a strip center that is strategically placed ...

Ellis Partners purchases The Pruneyard from Equity Office Properties
Ellis Partners, together with a capital partner, purchased The Pruneyard, a 27 acre mixed-use landmark asset. The Pruneyard is comprised of 365,000 s/f of office ...

CSG acquires industrial property for $21.1 million
Chambers Street Properties (CSG), a real estate investment trust focused on acquiring, owning and operating net leased industrial and office properties, acquired a 502,000 s/f, ...

Greystone acquires 228-unit apartment portfolio for $18.4 million
Greystone, a real estate investment and development group, acquired two Midtown Raleigh apartment communities, Atlantic Lynn Lake and Atlantic Millbrook, for $18.4 million. Located two and ...

The Bascom Group closes $8.45 million for 112-unit apt. community
The Bascom Group, LLC acquired the 112-unit Skyline View apartment community located at 456 South Ironton St. for $8.45 million. Debt financing was provided by ...

CBCA Miami secures 8,500 s/f of new office space at 801 Brickell
The Miami office of Coldwell Banker Commercial Alliance (CBCA) secured its new 8,500 s/f home at 801 Brickell. "We chose 801 Brickell because we consider the ...

Monmouth Real Estate secures $5.2 million sale
Monmouth Real Estate Investment Corp. acquired a 38,833 s/f industrial building located at 5795 Logistics Pkwy. at a purchase price of $5.2 million. The built ...

HFF hires Mahler as managing director
According to HFF, Phil Mahler has joined the firm as a managing director in its Chicago office. Mahler will be a member of HFF's national ...

Murphy of NorthMarq Capital completes $4.5 million refinance of Flex Whse.
James Murphy, managing director of NorthMarq Capital's Boston based office arranged the $4.5 million refinance of a 50,157 s/f flex industrial warehouse located at 7100 ...

The Kalikow Group to develop 355 acre - The Apartments at Shade Tree
The Kalikow Group, a multi-faceted real estate organization focusing on joint venture equity financing, multifamily property management, and development and construction services, will start construction ...

GFI Mgmt. launches updates to GFI University
GFI Management Services, Inc., one of the leading managers of multifamily properties throughout the U.S., has launched upgrades to GFI University, the company's Online learning ...

Houlihan & O'Malley Real Estate secure two sales totaling $3.8 million; 244 West Street and 280 West Street in Mount Kisco
Houlihan & O'Malley Real Estate Services arranged the sale of 244 West St. and 280 West St. for $3.8 million. Both buildings are residential apartment ...

iPic Entertainment selects Eastern Consolidated as exclusive leasing agent for New York expansion
Eastern Consolidated has been retained as the exclusive agent for iPic Entertainment, a national theater and restaurant brand based in Boca Raton, Florida, for its ...

TerraCRG retained as exclusive agent for residential development site located at 212-214 Spencer Street
TerraCRG, one of Brooklyn's leading commercial real estate brokerage firm, have been retained as the exclusive agent for the sale of the residential development site ...

NYCREW to Fete 2014 with Holiday Gala And Empire Award
On Tuesday, December 9 from 6:30 - 8:30 p.m. honor NYCREW's achievements of 2014, look forward to an amazing 2015, and celebrate the holidays with ...

Renewals continue to dominate Westchester leasing activity in 3rd Quarter of 2014
JLL reported that renewal transactions continued to drive leasing activity in Westchester County, N.Y., in the third quarter of 2014. While the financial services sector ...

Platinum Drive Realty's exclusive listing: 6 bedroom custom home at 17 Harvest Drive in Scarsdale
Platinum Drive Realty revealed the exclusive listing of a newly built, two-story family home at 17 Harvest Dr. The 9,000 s/f luxury residential property sits ...

Euro Properties taps Brown Harris Stevens Development Marketing as exclusive marketing and sales agent for Its Midtown Development
According to International Real Estate Developer Euro Properties, Brown Harris Stevens Development Marketing will serve as the exclusive marketing and sales agent for its new ...

Antebi of GFI brokers $1.95 million sale of 197 St. Marks Avenue
GFI Realty Services, Inc. arranged the sale of 197 St. Marks Avenue, a three-story walk up apartment building located in the Prospect Heights section of ...

12-04-2014: Spinola, Santora and Lane to be honored at Outreach 33rd Annual Luncheon at Cipriani 42nd Street
Outreach, New York's leading nonprofit provider of life-changing drug and alcohol abuse treatment, will honor three prominent business and labor leaders at the organization's 33rd ...

Police Athletic League's Ninth Annual Real Estate & Construction Luncheon
On October 20, the Police Athletic League hosted its Ninth Annual Real Estate & Construction Luncheon, honoring David MacDonald, executive vice president, Lend Lease (US) ...

Savills Studley releases Second Annual "Law Firm Employment And Space Trends" Research Report
In a recently published report, Savills Studley Chief Economist, Heidi Learner examines the latest trends in law firm space use and why headcount at domestic ...

The Carlton Group accesses $40 million investment into Michael Shvo's Downtown Condo Development at 125 Greenwich Street
The Carlton Group accessed one of Asia's richest tycoons to invest $40 million into Michael Shvo's downtown condo project at 125 Greenwich Street. The investment ...

Doshi of Besen & Associates completes $13.55 million sale
Besen & Associates arranged the sale of 28-30 East 38th Street in the Murray Hill section of Manhattan between Madison Avenue and Park Avenue. The ...

Ariel Property Advisors sells Park Slope development site for $1.86 million
Ariel Property Advisors arranged the sale of a development site at 359 7th Street in the Park Slope section of the borough for $1.86 million, ...

Julien, Hinckley and Scandalios of HFF broker $30 million sale; Greystone's Printhouse Lofts sold to Clarion Partners
Greystone, a New York-based real estate development and financial group, unveiled the $30 million sale of Printhouse Lofts, a 36-unit apartment building in Williamsburg to ...

Doshi, Blumberg and Friedman of Besen secure five properties in the Bronx - Four transactions total $16.265 million
Besen & Associates arranged the sale of five buildings in the borough including 2160 Anthony Ave., 2538 Valentine Ave., 3335 Decatur Ave., 2243 Cambreleng Ave. ...

Sozio, Shkury, Tortorici, Berkowitz and Agbaba of Ariel sell Washington Heights portfolio for $10 million
Ariel Property Advisors arranged the sale of a portfolio of three multifamily buildings with 60 units at 432-434 West 163rd St. and 612-618 West 182nd ...

12-10-2014 - Diabetes Research Institute Foundation to hold Empire Ball
The black tie Empire Ball will once again be held at The Grand Hyatt on Wednesday, December 10, 2014. At the Ball, the Real ...

Carlton Exchange to auction oceanfront development site in Costa Rica zoned for residential/condos or hotel
The Carlton Exchange, a division of The Carlton Group - a New York-based international real estate investment banking firm, is auctioning an oceanfront development site ...