News: Brokerage

REBNY to present Most Ingenious Deals of the Year on April 27

The Real Estate Board of New York's Most Ingenious Deals of the Year, will be presented on April 27 at the annual cocktail party of the Sales Brokers Committee at the 101 Club. The 2009 submissions are from 24 real estate dealmakers and their 15 transactions. The winners will be judged by industry leaders in the categories of Sales, Leases and Finance. "The Most Ingenious Deal of the Year awards are some of REBNY's most prestigious accolades and honor brokers for their hard work and deal making skills," said Steven Spinola, REBNY president. "Given the conditions of the market over the last few years, these deals are a true testament to ingenuity and industry know-how. I applaud each of the nominees." The sales submissions are: * "Rubik's Cube Or Real Estate Deal: The sale of 127-133 East 79th St. and Related Transactions." Brokers: Ira Schuman and Daniel Horowitz, Studley, Inc. * "The $100 million sale of a majority interest of the fee and senior leaseholds at 515 Madison Ave." Brokers: Woody Heller & Will Silverman, Studley. * "How to prevent a fire sale on a portfolio of firehouses - the sale of 240 West 30th St., 12 Dean St. and 84 West Third St." Brokers: Edward Midgley and Timothy Sheehan, CB Richard Ellis, Inc. * "NYC Realty Corp. Portfolio." Broker: John Ciraulo, Massey Knakal Realty Services. * "The sale of 26 West 47th St." Broker: Robert Knakal, Massey Knakal Realty Services. The lease submissions are: * "Nasdaq Market site - A Sign Seen Round the World." Broker: Jonathan Serko, Cushman & Wakefield, Inc. * "CV Starr & Co., Inc, expansion & consolidation of offices." Broker: John Picco, Cushman & Wakefield, Inc. * "School Of Hard Knocks: DeVry Inc.'s 62,000 s/f lease at 180 Madison Ave." Brokers: Simon Wasserberger & Glenn Isaacson, CB Richard Ellis, Inc. * "ImClone's $180 million, 100,000 s/f anchor lease @ East River Science Park." Brokers: John S. Isaacs & Timothy Dempsey, CB Richard Ellis, Inc. * "LaGuardia Community College." Broker: Barry Rosner, Newmark Knight Frank. * "Closing the gap downtown - finding the perfect fit at 60 Thomas/40 Worth St." Brokers: Eric Deutsch & Ken Meyerson, CB Richard Ellis, Inc. * "Building a landmark educational facility at 25 Broadway: Claremont Preparatory School." Broker: Howard Kesseler Jr., Newmark Knight Frank. * "Unfreezing the market: Orrick relocates to Blackrock" (joint submission.) Brokers: Barry Gosin & Moshe Sukenik, Newmark Knight Frank Broker: Frank Doyle, Jones Lang LaSalle. The Finance Submissions are: * "24 West 57th St." Brokers: Simon Ziff & Russell Schildkraut, The Ackman-Ziff Real Estate Group LLC. * "Sale and lease back financing of a condo interest in the New York Times Building." Broker: Michael Rotchford, Cushman & Wakefield, Inc. The Henry Hart Rice Award, which memorializes Henry Hart Rice, a Most Ingenious Deal of the Year Award winner and five-time Robert T. Lawrence Award recipient, will be presented to the first-place winner. The Robert T. Lawrence Award is the second place award and the Edward S. Gordon Award is the third place award. One honor will be presented to each of the three disciplines - sales, leasing and finance. The honors are presented to the dealmakers that demonstrate the most ingenuity, creativity and professional skill. Judges will first select the best submission from each discipline, and then choose which should be awarded the first, second and third place prizes. Sponsors to date for the Most Ingenious Commercial Deal of the Year Awards are: The Durst Organization, Massey Knakal Realty Services, Donald Zucker Company, Vornado Realty Trust, Glenwood Management, The Related Companies, SL Green Realty Corp. and The New York Times. For reservations to attend the awards cocktail party, please contact Desiree Jones at [email protected].
MORE FROM Brokerage

REALM, DelShah Capital and A.M. Properties acquire 377,000 s/f CitySpire office condominium

Manhattan, NY REALM, in partnership with DelShah Capital and A.M. Properties, acquired  CitySpire, a 377,000 s/f office condominium comprising 24 floors within the 70-story tower at 156 W 56th St. in Midtown. Adjacent to Central Park with transit access and amenities, CitySpire is a Class A office asset located in one of the city’s most sought-after office corridors.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
The anticipated effect of Basel III and ISO 20022 implementation on commercial real estate - by Michael Zysman

The anticipated effect of Basel III and ISO 20022 implementation on commercial real estate - by Michael Zysman

July 1, 2025 is the deadline for US banks to begin to adopt Basel III banking standards and July 14, 2025 is the deadline for U.S. banks to adopt ISO 20022 messaging standards. Both will have a significant effect on the banking and commercial real estate (CRE) finance sectors.
Tri-state capital  migrates nationally amid  regulation pressure - by Reese Weaver

Tri-state capital migrates nationally amid regulation pressure - by Reese Weaver

New York tri-state multifamily investors are increasingly reallocating capital to less-regulated markets across the U.S. as rent control and legislative risk erode returns at home. With over 60% of New York City’s rental housing stock classified as rent-stabilized, the traditional value-add model — buying under-performing buildings,

A fresh start - by Shallini Mehra and Amit Doshi

A fresh start - by Shallini Mehra and Amit Doshi

For the past several years, the New York City multifamily housing market has been defined by disruption. The combined impact of the HSTPA rent laws and a sharply higher interest rate environment has fundamentally reduced
The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

There was a time when an offering memorandum (OM) was pretty bare bones, some photos, a few bullet points on income, and a rent roll thrown in at the back. That used to get the job done. Not anymore. In 2025, buyers are sharper, faster, and more selective. They’re looking