Cushman & Wakefield announced it has promoted Mark Wanic to Americas Head of Occupier Services.

MARK WANIC

In this newly created position, Wanic will manage the goals, objectives and financial performance of the Occupier Services group in the Americas, reporting directly to John Santora, president and CEO of Corporate Occupier & Investor Services (CIS).
Cushman… Read more...

The industry’s Realty Advisory Board told rallying service workers this week it won’t negotiate a new contract through the press.

As hundreds of office cleaners and other commercial building workers marched through the streets of Midtown in a rally organized by 32BJ SEIU, Howard Rothschild, president of the RAB, issued a statement noting: “We’ve said from the start, we want to reach a labor agreement that is fair to both sides and reflects the reality of today’s economy.
The union has already authorized a strike if a deal isn’t reached within two weeks.
“The workers who keep office buildings clean and running well should be able to make ends meet in our city,” said Mike Fishman, president of 32BJ. Read more...

Newmark Knight Frank’s New York office has been selected to head up leasing and management responsibilities for a 19-property portfolio owned by The Rosen Group Inc. beginning next year.

The portfolio includes more than two million square feet of Manhattan office space, including the landmark 902 Broadway. Read more...

When AREA Property Partners sold the Lafayette Boynton complex in the Bronx for $51.5 million last month, it was a textbook Jim Simmons play.

The veteran real estate executive has been at the helm of AREA’s North American Domestic Emerging Markets team for the past eight years and has been credited with directing a trend in institutional investment towards underserved and neglected urban areas. Read more...

By Alyssa D. Sandman

Belkin, Burden, Wenig & Goldman LLP                                                    

When an owner makes a Major Capital Improvement (MCI) to a building subject to the rent stabilization or rent… Read more...