Against the backdrop of a still challenging economy, New Jersey continued to make improvement in the eyes of CEOs over the past year both as a place to do business and expand operations, according to the results of the New Jersey Economic Policy Summit’s 2013 C-Suite Survey of Garden State CEOs.
“CEOs’ confidence in New Jersey as a place to do business continues to improve,” said James W. Hughes, Ph.D., dean of the Edward J. Bloustein School of Planning and Public Policy at Rutgers, The State University of New Jersey, which conducts the survey.
“In addition, 36 percent of CEOs participating in the survey expect to increase capital spending here over the next year, continuing a positive upward trend seen in earlier surveys.”
18 Gramercy Park, a luxury condominium By Zeckendorf Development LLC and designed by Robert. A.M. Stern Architects, hosted a breakfast and preview for Douglas Elliman Brokers and Agents May 15, 2013. Guests were introduced to the property’s newest model apartment, featuring luxurious interiors and gorgeous views of blossoming Gramercy Park.
Originally built in 1927, 18 Gramercy Park is a newly designed modern classic that evokes the luxury and grandeur of some of New York’s finest cooperative landmarks in a historic downtown setting.
The property is comprised of 14 full-floor condominium residences, a duplex …
While enjoying the view of the Empire State Building, more than 70 real estate professionals came out to enjoy hors d’oeuvre and cocktails during REBNY’s Commercial Brokerage Division Finance Committee Cocktail Reception at 230 Fifth Avenue Rooftop Lounge. Attendees socialized and chatted about the current market while enjoying the pleasant spring weather and one of the best rooftop views in the city.
REBNY gives a special thanks to venue sponsor Signature Bank. Also, much gratitude to the other event sponsors CBRE; Estreich & Company, Inc.; The Singer and Bassuk Organization; and …
By Holly Dutton
Maison Kayser is rising in New York.
The French gourmet bakery chain already has a 4,000 s/f retail store on 74th Street and 3rd Avenue, but the brand will be opening three more locations in the Midtown West and Flatiron neighborhoods, said Paul Berkman, co-head of NY retail at Jones Lang LaSalle, who represents Kayser.
“They’re going big,” Berkman told Real Estate Weekly at the ICSC REcon 2013 Conference in Las Vegas Monday afternoon. “They want to bring quality bread to America.”
The bakery and cafe serves a variety of French …
New Jersey – May 22, 2013 — Commercial mortgage brokerage firm Eastern Union Funding announced that it has arranged approximately $68 million in financing for commercial real estate properties in New Jersey.
Select transactions include:
● $18.6 million for the purchase of 10-building multifamily portfolio, comprised of 306 total units, in Jersey City, NJ, on a 3+3+3 year term, at 3.25 percent, and a 30 year amortization. Ira Zlotowitz and Michael Muller of Eastern Union arranged the transaction.
● $11.5 million for the refinance of a 152-bed nursing home in Carneys Point, NJ, on a 5 year …
Esen Edip, President of Titles of New York, along with Guaranteed Rate (formerly known as The Manhattan Mortgage Company), hosted an evening at the elegant The Living Room @ The Maidstone Restaurant in East Hampton. Top real estate brokers gathered to celebrate the recent increased sales activity in the Hamptons market. The evening was full of laughter, light conversation and rejoicing about the record number of closings.
Photos by Richard Lewin
Azure, the new condominium at 333 East 91st Street, hosted a Spring Soiree to celebrate reaching the 75 percent sold milestone. Over 125 brokers, buyers and residents gathered for the event with co-developers, DeMatteis Organizations and Mattone Group, and Douglas Elliman Development Marketing, the exclusive sales and marketing team. Guests filled residence 30AB – a four-bedroom, 4.5-bathroom residence with 10-foot ceilings and panoramic NYC views on the market for $4.795 million – for wine, hors d’oeuvres and music as they toasted to this significant achievement.
Savanna, a New York-based real estate private equity and asset management firm, celebrated the re-launch of 1375 Broadway (a 513,401-square-foot building located between 37th and 38th Street on Broadway) last week on its wrap-around penthouse terrace. Over 200 guests from New York’s commercial real estate community were introduced to the newly renovated property and attended the launch event.
Acquired in late 2010, Savanna’s $26 million capital plan for 31 Penn Plaza includes a fully renovated lobby, modernized destination system elevators, façade rejuvenation and ongoing building common area upgrades.
By Holly Dutton
Like a lot of people in the industry, investment sales specialist David Robinov got his earliest lessons in real estate through playing Monopoly as a kid.
But Robinov’s father, Gil Robinov, a commercial leasing broker, took it to the next level.
“If he landed on one of your properties, he would say ‘I don’t owe you any money, because I actually own the land underneath it, it’s a ground lease,’” said Robinov.
“If you were running low on money, instead of just wiping you out, he would create a joint venture where he’d let you stay in business, but you had to give him all your money. He’d sort of keep you alive like a JV partner, where you were the poor developer and he was the one with all the money, and he was sort of in partnership with you.”
Gil Robinov is executive managing director of an international advisory group at Murray Hill Properties, where he works with global clients and specializes in buying office space and buildings around the United Nations in Midtown East.
