Front Section - December 9-22, 2014

Public Relations: Five steps to improve media coverage
Doing more and bigger deals than anyone, announcing a major deal, or being an expert on development or commercial leasing does not in themselves insure ...

de Blasio Administration reveals overhaul of workforce development: To focus on strengthening New York City's economy
Mayor Bill de Blasio revealed a major shift in workforce development to better train New Yorkers for good-paying jobs and help secure job placements in ...

LERA awarded top prize at CANstruction Award Gala
Leslie E. Robertson Associates (LERA) was awarded the top prize at the 22nd Annual CANstruction NY Awards Gala. The structural engineering firm's "Hungry to the ...

Ariel secures sale of 28-unit residential condo for $25.9 million
Ariel Property Advisors arranged the sale of a five-story, multi-unit residential condominium at 47-53 3rd Ave. in the East Village for $25.9 million. Exclusive agents Victor ...

Levy and Maslin of Adams & Co. broker four deals totaling 5,635 s/f
David Levy and Brett Maslin of Adams & Co. completed the following four deals totaling 5,635 s/f: * A 1,814 s/f renewal for Brosur II Wholesale ...

Furnished Quarters to launch the Q&A Residential Hotel brand
Furnished Quarters, one of the largest providers of temporary furnished apartments in New York and Boston, revealed its new residential hotel concept will be called ...

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 ...

Geller and Pagnotta of Meridian Capital Group refinance $18.4 million
Meridian Capital Group, LLC, one of the leading national commercial real estate finance and advisory firms, negotiated an $18.4 million loan to refinance the residential ...

The Durst Organization leases 43,849 s/f to xAd at One World Trade Center
The Durst Organization has signed xAd, one of the world's most successful, location-focused mobile advertising companies, to a ten-year, 43,849 s/f lease encompassing the entire ...

Heat up your real estate search capabilities
Now that the winter months and cold weather are upon us, there is nothing like warming up your online real estate search capabilities and virtually ...

Letter of Intent - Brooklyn's Office Excitement
Brooklyn has long been a "second choice" for commercial development, as residential developers can achieve north of $65 per s/f and commercial developers can only ...

Green Rock Group, Embrace Hospitality and Palladium Management buy non-performing note
New Jersey-based Green Rock Group has formed a joint venture with Embrace Hospitality and Palladium Management to purchase a non-performing note. According to David Roth, ...

McCarthy Fingar acquires Municipal Law and Land Use Group
McCarthy Fingar LLP, one of the Hudson Valley's most distinguished law firms, revealed the formation of a new Municipal Law and Land Use practice group. ...

Executive of the Month: Pezenik, VP and principal broker at DJK Residential: To stay the best in the industry; Extensive knowledge and skill set cover all aspects of real estate
New York City, NY With more than three decades of experience in the New York real estate industry, Phyllis Pezenik is a recognized force thanks ...

Tips for first time investors in New York real estate
The following are tips for first time investors in New York real estate: 1. Don't only buy on today Buy on the future upside of a ...

Best wishes for a happy, healthy and prosperous New Year!
By John Lavelle I'd like to wish everyone happy holidays and I look forward to a great 2015! Urge Congress to Extend TRIA (Terrorism Risk Insurance Act ...

The commercial classroom: Features and benefits
This column is offered to help educate agents new to commercial and investment brokerage and serve as a review of basics for existing practitioners. Today's ...

SLG names DiLiberto chief financial officer
According to SL Green Realty Corp. (SLG), Matthew DiLiberto has been named the company's chief financial officer, effective Jan. 1, 2015, when the employment agreement ...

Brick Capital Group finances $43.25 million
Brick Capital Group LLC arranged the closings of $43.25 million in private mortgage financing and commercial loan originations. Managing partner of Brick Capital Eric Roth said, ...

Rosewood Realty Group closes $138.05 million in sales; includes $24.15 million portfolio sale by Berger and Jungreis
Aaron Jungreis, founder of Rosewood Realty Group, revealed multifamily and commercial/retail sales totaling over $140 million. Thirteen sales took place in Brooklyn and the Bronx, along ...

Avison Young reps Winthrop-University Hospital in opening of Manhattan's first CyberKnife center
Avison Young, the world's fastest-growing commercial real estate services firm, today announced that Winthrop-University Hospital has opened Manhattan's first CyberKnife center, a state-of-the-art cancer treatment ...

NYCREW helps forge the future of facilities management; Teamed with co-sponsor Pratt Institute
Forging the Future of Facilities Management: The past, present and future of facility and property management came together at a special discussion held by The ...

Meet the NYCREW Member
NYCREW welcomes new member Terry Glanville, a relationship manager in commercial real estate at Capital One. At Capital One, Glanville works with institutional real estate ...

Operation BMNAR's Kids
By Eliezer Rodriguez Before I was officially on The Bronx-Manhattan North Association of Realtors' (BMNAR) payroll, I volunteered to work with Janine Schall, BMNAR's office manager, ...

Meet the BMAR Member
Geri Sciortino is the owner of a successful graphic design studio and print shop, The Bronx Design Group. Since 1991, she has been responsible for ...

Question of the Month: How should building owners and property managers prepare for the 8th cycle of Local Law 11/98?
The 8th cycle of Local Law 11/98, Fa├žade Inspection Safety Program (FISP), is upon us. While the premise of the law seems straightforward, there are several ...

Record 550 enjoy "Real Estate Fight Night"
Some 550 real estate executives representing dozens of "blue chip" firms with names like Witkoff, Tishman, Invesco, Thor Equities, Eastdil Secured, The Trump Organization, Taconic ...

LERA'S Columbia University Medical Center Project wins Annual Award from The Concrete Industry Board
The Concrete Industry Board of New York selected the Columbia University Medical Center, Medical and Graduate Education Building for the top honor of the year, ...

Pollis joins ERG's investment sales division.
New York NY ERG Property Advisors is pleased to reveal the hiring of Andrew Pollis to its investment sales division. Andrew Pollis grew up in the ...

HLC Equity sells Bronxville A&P property at 12-14 Cedar Street
HLC Equity, a national real estate investment holding group and property manager, arranged the sale of 12-14 Cedar St., which currently houses long-time tenant A&P ...

Marcus & Millichap arranges the sale of a 9,625 s/f mixed-use building for $6.4 million
Marcus & Millichap, one of the leading commercial real estate investment services firm with offices throughout the United States and Canada, arranged the sale of ...

Cignature Realty Associates closes two Washington Heights deals totaling $17.2 million
Cignature Realty Associates announced it sold two prime Washington Heights buildings for a total of $17.2 million. The buildings include a six-story corner building at 285 ...

The Sullivan Hotel welcomes McKeighan and Rich
The Sullivan Hotel welcomed two highly-motivated and experienced professionals to its hotel management team. Michael McKeighan is taking over as general manager and alongside Lyn ...

HKS Capital Partners LLC closes multiple deals totaling $50 million
HKS Capital Partners LLC closed the following deals totaling $50 million : * A $24 million acquisition financing of a 10-story mixed-use property comprised of 73 ...

Trevian Capital funds $16.925 million in Bridge Loans
Trevian Capital, a direct lender that provides flexible and reliable short-term bridge loans for commercial real estate opportunities nationwide, funded the following three first-mortgage bridge ...

Gold, Hirschfield and Sozio of Ariel Property advisors secures sale of Mount Vernon office building for $ 1.5 million
Ariel Property Advisors arranged the sale of a seven-story office building. The firm also has been retained as the exclusive agent to market a 84,000 ...

Hirschfield, Sozio, Gold and Shkury of Ariel Property Advisors arranges sale of commercial property in the Bronx for $7.15 million
Ariel Property Advisors arranged the sale of 4250-4280 White Plains Road, a block front commercial property, and 712 East 236th Street, an adjacent two-family house, ...

Nowak and Rosenzweig of Marcus & Millichap sell 320 Van Brunt Street for $1.2 million
Marcus & Millichap arranged the sale of 320 Van Brunt Street, a 3,975 s/f mixed-use property, according to John Horowitz, regional manager of the firm's ...

New York Housing Conference and National Housing Conference Host 41st Annual Awards Program to celebrate leadership, innovation, and diversity in New York State's affordable housing industry
The New York Housing Conference (NYHC), a broad-based coalition that advocates for decent affordable housing for all New Yorkers, and the National Housing Conference (NHC), ...

Hess of TerraCRG brings 4 Park Slope properties to market totaling 49 units
According to TerraCRG, one of Brooklyn's leading commercial real estate brokerage firms, Adam Hess, partner and senior vice president of TerraCRG has been retained as ...

Investors Bank Commercial Real Estate Lending Group finances $38.5 million
Investors Bank Commercial Real Estate (CRE) Lending Group completed the following commercial mortgage transactions in the borough totaling $38.5 million: * $20.5 million, adjustable rate mortgage ...

AKA plans to market select condo residences at AKA Sutton Place pending AG approval
AKA, luxury extended stay residences, today announces the expansion of the brand and its plans to market select residences as condominiums for sale at its ...

Kalmon Dolgin affiliates named exclusive leasing agent for 150,000 s/f, five-story loft building in Sunset Park
Kalmon Dolgin Affiliates, Inc. (KDA) has been named the exclusive leasing agent for a 150,000 s/f, five-story loft building with on-site parking at 3913 2nd ...

Highlights from CityRealty Monthly Market Report
The following are highlights from CityRealty Monthly Market Report, which features month-to-month tracking of apartment sales, resale figures, and returns in addition to high-level data ...

CBRE Group's New Advisory & Transaction Services business enhances offering for occupiers
CBRE Group, Inc. revealed the formation of Occupier Advisory and Transaction Services to significantly enhance the delivery of transaction related services for occupier clients across ...

Kushner Companies and Extell Development acquire Pier Village in New Jersey
Jared Kushner, chief executive officer of Kushner Companies, and Gary Barnett, president and founder of Extell Development Company, announced today that they have acquired Pier ...

SL Green names Hui chief accounting officer, effective January 1, 2015
According to SL Green Realty Corp. Maggie Hui has been named the company's chief accounting officer (CAO), effective January 1, 2015. She will oversee the ...

Bortz, Lanni and Wiener of The Kislak Company, Inc. secure $10.5 million sale of Village Place at Goshen Apts. - Financing provided by Columbia bank
The Kislak Company, Inc., one of the dominant investment real estate sales firm in the tri-state region, arranged the $10.5 million sale of Village Place ...

Zach and Galor of EPIC Commercial arrange $12.2 million sale of 331 East 81st Street
EPIC Commercial Realty, formerly Itzhaki Properties, arranged the sale of 331 East 81st St., a mixed-use building located between 1st and 2nd Aves. on the ...

Social Media: 3 takeaways from CRE//Tech Intersect
Last month I was invited to the CRE//Tech Intersect; a perk of being part of NEREJ Radio. The mission of the event was one of ...

Masson of Schuckman Realty arranges 1,100 s/f lease to Sprint
Nick Masson of Schuckman Realty, Inc. represented the landlord in a 1,100 s/f lease to Sprint at 1051 Flatbush Ave. The tenant was represented by ...

Masson of Schuckman Realty brokers 1,000 s/f lease in Astoria
Nick Masson of Schuckman Realty, Inc. has represented the landlord in a 1,000 s/f lease at 2918 Ditmars Blvd. to Sprint. The property is located ...

NYCREW holds Annual Gala; Larijani of UBS Financial receives Empire Award
Queens of the Empire: A highlight of the Annual Gala held by The New York chapter of Commercial Real Estate Women's Network (NYCREW) was ...