News: Spotlight Content

August

The Clarett Group acquires 180 Madison Ave. for $146m, names CBRE leasing agent; Harmon and Spies of Eastdil Secured rep. seller Yankelovich of GFI completes $24m sale of 63,000 s/f retail center; Bernstein of Bayrock Grp. assists in deal for Loehmann's Seaport Plaza Time Equities breaks ground on 65-story hotel/residential tower; $600m skyscraper project designed by Helmut Jahn, anticipates LEED-Gold BFC Partners to develop Toren, a 38-story, 240-unit green condominium in Brooklyn; designed by Skidmore, Owings & Merrill SL Green's $28.5m bid wins support for equine economic development plan for Aqueduct Racetrack; to create jobs, new economic opportunities Main Street Summit offers ideas for downtown redevelopment; sponsored by CPC, New Rochelle BID and city of New Rochelle Orenson Const. leads 5,000 s/f renovation, 20,000 s/f addition at The Bronx Charter School; Louis Baldino and Michael Depasquale are architects Carlyle Grp. and Crown Acquisitions buy controlling interest in 666 Fifth Ave. retail for $525m from Kushner Cos.; arranged by Carlton GE R.E. provides $62m to Madison 92nd St. Assoc. for Marriott Courtyard UES; Cooper Horowitz and Wall St. Rlty. Cap. are mortgage brokers Nicholas of Kalmon Dolgin arranges $22m sale of 42,000 s/f Brooklyn parcel; Wollman of Quadriad buys North 3rd St. site from Wydra Entp. CIT Group acts as excl. real estate advisor to Victory Memorial Hospital for $44.9m healthcare facility sale in Brooklyn to Sunset LG Realty Jones Lang LaSalle is project manager for $500 Madison Square Garden renovation; working with Skanska, construction manager Yardi Systems earns Digital Innovation Award at Realcomm 2008 conference for best technology in real estate transaction category Audemars Piguet signs for new expanded flagship at 65 East 57th St.; space to consolidate retail and offices handled by Rosenbloom of C&W Bichoupan and Lieberman of Cornerstone Group complete $4.45m sale of 339 East 90th St.; NJB Rlty. buy 23-unit property from Schildbar Props. Rudder of Time Equities brokers $2.4 million 4,865 s/f office condominium sale with Dugan and LaManna of CBRE at 125 Maiden Ln. Palmier of Potomac closes $20 million bridge loan for seven-multifamily community portfolio-1,000 units to be converted into market rate apts. Agha of Largo secures $5.1 million advance funds for 283-unit complex; fixed-rate loan placed for the Dannybrook Apartments Consolo and Aquino of Prudential Douglas Elliman sign Ottomanelli Bros. for restaurant lease at 1325 Fifth Ave. in Manhattan JRS Arch. designs new branches for expanding Bethpage Federal Credit Union; includes recently opened Massapequa branch Palmese, Krivit, Lively, Kean of MK complete separate sales $3.245m total; Shkury, Donovan, Tortorici of MK hired to market Fifth Ave. block 216 Watermark Holdings investor group buys 171,500 s/f Manhattan property located at 216 East 45th St. for $60m from Janco Co. C.W. Brown completes $8 million renovation for Fordham University in White Plains; Lecce Eng. and GC Eng. are mechanical engineers Fifield Piaker Elman Architects completes first phase of $81m lobby renovation at W&H Properties' 1400 Broadway; NKF is agent Greenberg Farrow designs 40-unit North8 Condominiums in Williamsburg neighborhood of Brooklyn; project is developed by Toll Brothers Monte of Rose Hill Grp. arranges $47.75m in permanent financing for 150,000 building in Amherst; placed for A.C.G. Main-Eggert Assoc. Treitel of Meridian finances $53.2m for 850,000 s/f mixed-use complex; in Mt. Vernon includes a 75,000 s/f shopping center, 698 residential units Meltzer/Mandl Architects to design 121,900 s/f Park Columbus project at 101 West 87th St., Manhattan; team includes DeSimone Eng.
MORE FROM Spotlight Content

Check out NYREJ's Developing Westchester Spotlight!

Check out NYREJ's Devloping Westchester Spotlight!

NYREJ’s Developing Westchester Spotlight  is Out Now!
Explore our Developing Westchester Spotlight, featuring exclusive Q&As with leading commercial real estate professionals. Gain insight into the trends, challenges, and opportunities shaping New England’s commercial real estate landscape.  

READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
The strategy of co-op busting in commercial real estate - by Robert Khodadadian

The strategy of co-op busting in commercial real estate - by Robert Khodadadian

In New York City’s competitive real estate market, particularly in prime neighborhoods like Midtown Manhattan, investors are constantly seeking new ways to unlock property value. One such strategy — often overlooked but
Oldies but goodies:  The value of long-term ownership in rent-stabilized assets - by Shallini Mehra

Oldies but goodies: The value of long-term ownership in rent-stabilized assets - by Shallini Mehra

Active investors seeking rent-stabilized properties often gravitate toward buildings that have been held under long-term ownership — and for good reasons. These properties tend to be well-maintained, both physically and operationally, offering a level of stability
How much power does the NYC mayor really have over real estate policy? - by Ron Cohen

How much power does the NYC mayor really have over real estate policy? - by Ron Cohen

The mayor of New York City holds significant influence over real estate policy — but not absolute legislative power. Here’s how it breaks down:

Formal Legislative Role

Limited direct lawmaking power: The NYC Council is the primary
Properly serving a lien law Section 59 Demand - by Bret McCabe

Properly serving a lien law Section 59 Demand - by Bret McCabe

Many attorneys operating within the construction space are familiar with the provisions of New York Lien Law, which allow for the discharge of a Mechanic’s Lien in the event the lienor does not commence an action to enforce following the service of a “Section 59 Demand”.