New York Real Estate Journal

Ivan Hakimian of HPNY

December 26, 2011 - Spotlight Content
What was your most notable project, deal or transaction of 2011? My most notable transaction was representing the purchaser and seller of 1414 6th Ave. for $72 million. The 17- story building, on the corner of 58th St., is in the process of being converted into a hotel. What are your predictions for commercial real estate in 2012? I believe 2012 is going to be a very strong year for commercial real estate, especially Manhattan. There are numerous loans on office and residential buildings that are coming due which will lure plenty of buyers into the market once again. What are your resolutions for 2012? To do double the amount of transactions we did in 2011.