05-09-2013 - The industry's leading luminaries confirmed for the 2013 Brooklyn Real Estate Summit

The 2013 Brooklyn Real Estate Summit hosts TerraCRG, The Brooklyn Chamber of Commerce and aptsandlofts.com announced the latest group of industry-leading speakers confirmed for the full-day conference scheduled for Thursday, May 9th at The Brooklyn Academy of Music (BAM). The must-attend event will include a distinguished group of panelists who serve as leaders in Brooklyn's residential, commercial, retail, development and cultural landscapes. "We're seeing such incredible momentum in planning this year's Summit," said Ofer Cohen, founder and president of TerraCRG, Brooklyn's leading commercial real estate brokerage and advisory firm. "Panel positions are steadily filling up with the most active Brooklyn market players who are eager to engage in high-level conversation about their current transactions and projects, as well as their market predictions for the future of the Brooklyn Real Estate market." "We are proud to have partnered with TerraCRG on what will be the Brooklyn real estate event of the year," said Carlo Scissura, president and CEO of the Brooklyn Chamber of Commerce. "This year's Summit will be bigger and better than ever, and the list of real estate executives who will attend and participate in panel discussions is a reflection of that. I would like to thank Ofer Cohen and his team at TerraCRG for planning what will certainly be a wonderful event, bringing together the best and the brightest of the borough's burgeoning real estate world to discuss a range of topics important to the growth and economic development of Brooklyn." Confirmed speakers thus far include keynote speaker Jed Walentas of Two Trees Management, Kas Sanandaji of The Lightstone Group, David Kramer of Hudson Cos., Inc., David Spreckelsen, of Toll Brothers, Katie Dixon of BAM, Paul Travis of Washington Square Partners, Arik Lifshitz of DSA Property Group, Jeremy Salzberg of Sugar Hill Capital Partners, Daniel Benedict of Benedict Realty Group, Paul Salib of Castellan Real Estate Partners and more. Panels throughout the day will include topics ranging from arts & entertainment districts driving development, strong retail corridors, Brooklyn's hotel development boom, most active multifamily buyers, and residential development in the Borough. This is TerraCRG's second year presenting the Brooklyn Real Estate Summit, which hosted more than 400 attendees last year. This year's Summit will focus on the ever-changing Brooklyn landscape, the rising skyline and correlating rising property values. "The last year was truly a banner year for Brooklyn on every front - from the opening of the Barclay's Center to the dynamic residential market that's continually setting new benchmarks," said David Maundrell, founder and president of aptsandlofts.com, one of NYC's leading privately owned full-service real estate brokerages. "The 2013 Summit will provide an opportunity to celebrate these achievements, while setting the stage for an in-depth discourse on what's to come." The 2013 Brooklyn Real Estate Summit will unite hundreds of active players in the Brooklyn real estate community for a lively dialogue on the transactions and projects influencing the market today, as well as provide networking opportunities with the industry's leading experts as they analyze the prospects and challenges in the Brooklyn real estate market. Speakers will include key players in major new developments in the borough and influential members of the Brooklyn real estate community. For more information about the 2013 Brooklyn Real Estate Summit, and registration details, please visit thebrooklynsummit.com. For details on speaking and sponsorship opportunities please contact Melissa DiBella at TerraCRG ([email protected])S. Stein and Vacker of Meringoff Properties signs 252,000 s/f lease renewal for Vitech Corporation New York, NY In a major lease for Midtown South that coincides with the launch of Meringoff Properties' leasing campaign at 401 Park Ave. South, Vitech Corporation has renewed and extended its global headquarters lease at the 252,000 s/f office building. A worldwide provider of systems engineering and architecture software solutions, Vitech signed a 10-year, 42,200 s/f lease on two floors at the 12-story property, strategically located on Park Ave. South at the southeast corner of East 28th St. "We are thrilled to be able to retain a quality tenant like Vitech at 401 PAS," said Stephen Meringoff, principal, who explained that Vitech renewed its lease with ownership and extended its tenancy on both floors on a direct basis for another decade. According to Meringoff, who with his co-managing partner Leslie Himmel co-hosted an elaborate showcase event at 401 Park Ave. South on March 7th attended by more than three hundred brokers, "Midtown South has firmly established itself as a magnet for high-tech, creative companies, including ad agencies, digital enterprises and design firms-tenants whose preferences are to be situated in a trendy, burgeoning business environment, surrounded by popular dining, hotels and entertainment venues." Asking rents at 401 PAS range between $53-$60 per s/f. Featuring two renovated lobbies and offering wide floors, with exposed steel columns, 401 Park Ave. South could accommodate a requirement of up to 84,400 s/f of contiguous space, ideal for a sole user. Dennis Someck of Lee & Associates represented Vitech in the transaction, while Mark S. Stein, senior vice president and Jason Vacker, vice president acted in-house on behalf of Meringoff Properties, the leasing agent for ownership. Alan Katz, Esq., of Greenfield, Stein & Senior represented the tenant, and Larry Mergentine, Esq. of Rosenberg & Estis acted for the landlord.