News: Brokerage

Submissions are in for REBNY's Most Ingenious Comm'l. Deal awards

Being considered for this year's most prestigious commercial awards presented by the Real Estate Board of New York (REBNY) are 39 real estate dealmakers and their 21 ingenious transactions. The submissions for the 2007 Ingenious Deal of the Year Awards will be judged by industry leaders, and the winners will be unveiled on April 15, at the annual cocktail party of the Sales Brokers Committee at the 101 Club. "The Most Ingenious Deals of the Year awards are the most coveted and celebrated distinctions REBNY confers on its members. The increasing number of submissions each year shows how the competition has grown in the 64 years we've been presenting these honors," said Steven Spinola, REBNY president." 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. The Lease Submissions are: * Preserving the John D. Rockefeller, Jr. legacy at 630 Fifth Ave. and One Rockefeller Plz. by brokers Edward Goldman and Jonathan Fales of CB Richard Ellis Inc.; * The secret of the available nonavailable floors and the tenant with the 2012 lease expiry by brokers Lewis Miller and Kevin Powderly of CB Richard Ellis, Inc.; * Adding color to grey: The winding road to Grey Group's 370,000 s/f anchor lease at 200 Fifth Ave. by brokers Mary Ann Tighe and Gregory Tosko of CB Richard Ellis, Inc.; * A 650,000 s/f renewal (that actually leased 800,000 s/f) at 450 Lexington Ave. by brokers Stephen Siegel, Lewis Miller, and Peter Turhcin of CB Richard Ellis, Inc.; * Studios in the Sky by brokers Mitchell Arkin and Josh Kuriloff of Cushman & Wakefield, Inc. and David Berkey and David Levinson of L&L Holding Company, LLC; * Google completes search for Manhattan campus by brokers Robert Tunis of GVA Williams and David Falk of Newmark Knight Frank; and * AXA Equitable Life lease restructure with Vornado Realty Trust at 1290 Sixth Ave. by brokers Scott Panzer and Deborah ver der Heyden of Newmark Knight Frank and Steven Rotter of Jack Resnick & Sons, Inc. The sales submissions are: * Securing the next sesquicentennial for the American Numismatic Society: The sale of 140 William St. and relocation to One Hudson Sq. by brokers Edward Midgley and Timothy Sheehan of CB Richard Ellis, Inc.; * Some assembly required: The story of 250 West and its 1031 properties by brokers Darcy Stacom and William Shanahan of CB Richard Ellis, Inc.; * The disposition of 1290 Avenue of the Americas by brokers Stephen Siegel and David Maurer-Hollaender of CB Richard Ellis, Inc.; * Harlem Park development by broker Robert Shapiro of City Center Real Estate, Inc.; * The partial sale and redevelopment of 171-73 MacDougal St. by brokers James Nelson and Robert Knakal of Massey Knakal Realty Services; * European ground leases by brokers James Kuhn and David Noonan of Newmark Knight Frank; * The land swap that led to the New Lincoln Sq. synagogue by brokers Moshe Sukenik and David Noonan of Newmark Knight Frank; and * The sale of the Knickerbocker Village housing complex by brokers Woody Heller, Will Silverman and David Endelman of Studley. The finance submissions are: * 14 Wall St. by brokers Simon Ziff and Russell Schildkraut of The Ackman-Ziff Real Estate Group LLC   * The Columbia Park by broker Jonathan Estreich of Estreich & Company, Inc.; * The Verizon Building-375 Pearl St. by broker Evan Pariser of Holliday Fenoglio Fowler, L.P.; * Financial Sq. by broker Michael Tepedino of Holliday Fenoglio Fowler, L.P.; * 50 Murray St. by brokers Andrew Singer and Kathleen McSharry of The Singer & Bassuk Organization; and * The Financing of 510 Driggs Ave. by brokers Scott Singer and Jeffrey Moroch of The Singer & Bassuk Organization; For reservations to attend the awards cocktail party, please contact Desiree Jones at 212-532-3100 ext. 5226. The Real Estate Board of New York is the city's leading real estate trade association with 12,000 members. REBNY represents major commercial and residential property owners and builders, brokers and managers, banks, financial service companies, utilities, attorneys, architects, contractors and other individuals and institutions professionally interested in the City's real estate.   REBNY is involved in crucial municipal matters including tax policy, city planning and zoning, rental conditions, land use policy, building codes and legislation.  In addition, REBNY publishes reports providing indicators of market prices for both the residential and commercial sectors.
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