Moinian in talks on Hudson deal
[10:43 am, April 23, 2014 | No Comment | ]

The Moinian Group is in advanced talks with an unnamed company to lease 600,000 s/f at its planned office tower 3 Hudson Boulevard.
Avison Young’s tri-state president Arthur Mirante, who oversees the building’s leasing, told Real Estate Weekly that he has exchanged proposals and counter-proposals with a prospective tenant and hopes to have the lease signed by June.
Mirante declined to name the tenant, but there are currently only a handful of companies in the market for office space of that size.

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Construction & Design »

[8:24 am, April 24, 2014 | No Comment | ]

The Community Preservation Corporation (CPC), a provider of capital for affordable housing in underserved housing markets, announced that the New York State Common Retirement Fund (CRF) has committed $200 million in new funding to invest in affordable housing and community revitalization projects across New York State.
The new allocation will finance approximately 3,500 units of housing over the next three years, and will serve to revitalize downtown areas, stabilize neighborhoods, and provide affordable housing throughout New York State.
The program is a critical tool for stabilizing neighborhoods and revitalizing communities in towns …

Deals & Dealmakers »

[8:05 am, April 24, 2014 | No Comment | ]

JLL’s New York Capital Markets team has hired Aaron Appel and Max Herzog as managing directors.
In addition, Keith Kurland joins as an executive vice president while Jon Schwartz and Michael Diaz join as vice presidents.
The newly added real estate investment banking experts will work under the direction of executive managing director Peter Nicoletti for clients seeking financing opportunities between $25-150 million as well as larger transactions in excess of $250 million.
All five new hires come to JLL from Meridian Capital Group Appel and Herzog served as managing directors and were …

Retail »

[7:54 am, April 24, 2014 | No Comment | ]

Faith Hope Consolo, chairman, and Joseph Aquino, executive vice president of Douglas Elliman’s Retail Group has arranged a first New York flagship for luxury apparel and accessories brand Peter Millar at 536 Madison Avenue.
A member of the Richemont Group of brands, which includes Cartier, Van Cleef & Arpels, Vacheron Constantin, Chloé and Baume et Mercier, Peter Millar is known for its “uniquely proper clothing and broad color palette,” producing everything from casual and formal wear to signature cashmere sweaters, polo shirts and outerwear.
Currently, Peter Millar has dedicated brand stores in …

Retail »

[7:47 am, April 24, 2014 | No Comment | ]

SoulCycle has signed a 5,000 s/f lease to open a new studio at TF Cornerstone’s 2 Gold Street.
This will be the indoor cycling studio’s 10th location in New York City and its first in the Financial District.
SoulCycle – known for its 45-minute, full body, indoor cycling workout, set to inspiring music and led by motivational instructors – will open at 2 Gold Street in the fall of 2014.
“SoulCycle is a growing fitness phenomenon and will be a great addition to FiDi where we are seeing high demand for lifestyle amenities,” …

Retail »

[7:46 am, April 24, 2014 | No Comment | ]

Cushman & Wakefield announced that Little West 12th Street Realty, L.P. has appointed the real estate firm as retail agent for the chic and trendy 32 Gansevoort Street in the Meatpacking District.
The turn-key retail space at 32 Gansevoort consists of 1,915 s/f on the ground and 1,485 s/f on the lower level. It has exposed brick detailing and a skylight atrium.
Alisa Amsterdam and the Cushman & Wakefield team of Gene Spiegelman, Michael O’Neill and Jason Greenstone, will serve as retail agent for the building.
“The retail at 32 Gansevoort offers an …

Deals & Dealmakers »

[7:31 am, April 24, 2014 | No Comment | ]

TerraCRG closed on five multifamily transactions with an aggregated value of $16,050,000:
• 459 Bay Ridge Avenue in Bay Ridge, Brooklyn, sold for $4,300,000, which equates to $330 psf. The vacant 20-unit property was marketed and placed into contract in 30 days by Adam J. Hess, Sam Shalumov and Chris Pechlivanides.
• 401 12th Street in Park Slope, a six-family building, sold for $4,000,000, a new record for the highest sale price ever for a six family building in Brooklyn. The price equates to $800 psf, a 4.75 percent CAP rate, 17 …

Construction & Design »

[2:33 am, April 24, 2014 | No Comment | ]

Robert Barone, R.A., one of the real estate development industry’s most experienced construction risk management executives, has been promoted to President of IVI International, Inc.
Barone will be focused on the growth of the firm and the expansion of its consulting services to mitigate the inherent risks associated with real estate development and construction.
He has over 30 years’ experience in assessing and managing real estate development and construction delivery risk on behalf of institutional mortgagees, equity investors and owners.
He joined IVI in 1984 and has served as senior vice president of …

Construction & Design, Retail »

[1:28 am, April 24, 2014 | No Comment | ]

citizenM New York, the first citizenM hotel in the U.S. — the M stands for “Mobility” — has opened near Times Square, just off the corner of Broadway and 50th Street.
Headquartered in Amsterdam, citizenM has offbeat sensibility and emphasis on affordable luxury, technology, and style. The development team for citizenM New York included citizenM Hotel and Brack Capital Real Estate.
The design for the 80,000 s/f, 21-story, 230-room hotel was a collaboration between Amsterdam-based design architect Concrete and New York City-based executive architect, Montroy Andersen DeMarco (MADGI).
According to MADGI principal Richard …

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