New York, NY According to developer Silverstein Properties, Brian Collins will join the firm as EVP and director of development. “Brian has a long and successful history in the real estate industry and we look forward to working with him in the New Year,” said Larry Silverstein, chairman of Silverstein. “We have several billion dollars of development activity in the pipeline and I’m very excited for the future of our company.”
New York, NY According to Thornton Tomasetti, Daniel Stauthamer has joined the firm as chief human resources officer. He brings 15 years of ...
Queens, NY A partnership between Atlas Capital Group, Partners Group (on behalf of its clients) and Invesco have signed a 25,744 s/f, six-year lease for the relocation and expansion of Canada-based Spin Master Corp.’s New York City headquarters at The Factory, the 1.1 million s/f loft office building in Long Island City. The deal brings Spin Master’s total lease commitment at the Factory to 50,802 s/f. Spin Master will join its games and puzzle division, Cardinal Toys, on the sixth floor of the 10-story building. Newmark Knight Frank’s Brian Waterman, Howard Kesseler, Jordan Gosin and Alex Rosenblum represented the ownership.
Brooklyn, NY According to DJ Johnston, partner and managing director at B6 Real Estate Advisors, his team has closed on the $24.6 million purchase of a nine-building multifamily portfolio in Bedford-Stuyvesant. Alchemy Ventures purchased the portfolio from IWC General Partners. The properties, which total 81 untis and 52,136 s/f, include: 879 DeKalb Ave., 419 Marcus Garvey Blvd., 421 Marcus Garvey Blvd., 654 Putnam Ave., 319 Malcolm X Blvd., 829 Halsey St., 804 Macon St. 808 Macon St., and 814 Macon St.
New York, NY After federal tax reform introduced the Opportunity Zone program in late 2017, a significant portion of the New York City real estate community evolved their investment strategies with an eye toward developing in these areas, according to GFI Realty Services’ most recent research report. The report, entitled The Land of Opportunity Zones, explains the various criteria that must be met by investors seeking to capitalize on the program, while detailing the growth of transaction activity and fund formation related to these areas. With interest in these opportunity zones increasing rapidly, the report notes, it is not surprising that, on a national level, sales of development sites in opportunity zones spiked by 80 percent in the first three quarters of 2018 when compared to the same period last year.
Brooklyn, NY Bond Veterinary leased a 1,805 s/f retail space at 217 Court St. The urgent care animal hospital realized there was a need for better service for pet owners and their animals. Staffed with some of the best veterinarians in the country and veterinary care providers; Bond Veterinary focuses on providing the best care for pets and their owners. They aim to create a team environment that's welcoming and positive for clients and staff alike. The company began operation in 2018 and this will be Bond Veterinary's flagship location. The startup company is modernizing veterinary practices by updating clients with medical notes about treatments and producers through their app. They've also automated the process of scheduling appointments and accessing medical records online.
New York, NY According to Greysteel, a national commercial real estate investment services firm, the firm launched a New York City expansion and opened a Manhattan office with the addition of Miguel Jauregui. He will specialize in arranging sales of private client, middle market, and institutionally owned multifamily, and mixed-use properties and portfolios throughout New York City and boroughs with a specific focus on the Bronx and Upper Manhattan. In addition to his day-to-day responsibilities of deal execution, Jauregui, along other office co-leads and president & CEO, Ari Firoozabadi, will carve the strategic vision of the team’s continued expansion and growth of the territory.
New York, NY Rosenberg & Estis, P.C., a leading New York City real estate law firm, has named Daniel Bernstein as a member to head the firm’s new tax incentive & affordable housing department. Bernstein, formerly of counsel to Rosenberg & Estis, will focus on the tax incentive programs and affordability requirements that are critical to New York City residential and commercial projects.
New York, NY Am Law 100 firm POLSINELLI’s Dan Flanigan, managing partner of the firm’s New York office, (shown right - leaning in), along with Jeff Goldman (shown left of Flanigan) and Pat O’Bryan (shown right of Flanigan), members of POLSINELLI’S Tax and Opportunity Zones...
Manhattan, NY Friedman Roth Realty Services has brokered the sale of two properties on the southeast corner of Broome and Bowery on the Lower East side. The deal closed for $56.625 million for three separate blocks and lots and two separate sellers, with a total buildable of 70,000 s/f from all three sites combined.
