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Articles Archive for 14 March 2012

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[14 Mar 2012 | No Comment | ]

Winick Realty Group LLC is offering up a rare opportunity to become part of the storied retail landscape of Coney Island.
Associate director Tatiana Jun and associate Elie Dayan are exclusively marketing the retail space at 1047 Surf Avenue, a 2,750 s/f store on the corner of West 12th Street.
“Coney Island draws from all over New York City, with 4.7 million subway riders using the new $300 million train station at Stillwell and Surf Avenues, one short block away from our site,” said Dayan.
The broker believes the ideal retail tenant for …

Deals & Dealmakers »

[14 Mar 2012 | No Comment | ]

The deals may be closed, but the competition to win the year’s most prestigious commercial real estate awards has just begun.
Submissions are in for The Real Estate Board of New York’s (REBNY’s) Most Ingenious Deal of the Year Awards, which will be presented on May 1st at the annual cocktail party of the Sales Brokers Committee at the 101 Club. Thirteen of 2011’s most creative deals — completed by 27 top notch real estate dealmakers — are vying for REBNY’s first, second and …

Deals & Dealmakers »

[14 Mar 2012 | No Comment | ]

Prime Manhattan Realty recently brokered a lease transaction for Peacock Home, a major player in the home furnishing & design industry.
Headquartered in New England, Peacock Home is a kitchen & home furnishing manufacturer, designer as well as an international distributer.

Peacock Home signed a ten-year direct lease for a 5,000 s/f floor with a terrace, 12-foot ceilings and great lighting at 222 East 59th Street, the D&D Annex Building, located in the Heart of the Design District.

Bill McCollum of Prime Manhattan Realty represented the interests of the tenant,
and …

Deals & Dealmakers, Featured »

[14 Mar 2012 | 4 Comments | ]
Joe Moinian: How I survived the slump

By Al Barbarino
Joseph Moinian owns 17 million square feet of property. So you could say that he knows how to lay down a steady foundation.

But when the CEO of the Moinian Group — one of the most active developers in the city during the boom — laid down his plans for 2012 at a luncheon put on by the Association of Real Estate Women this week, he acknowledged that things got a bit shaky for a while.

“The good news for my company is we survived,” he said, pausing for a few laughs from the crowd.

“We found creative ways in maintaining a vast ownership and deep portfolio, leaving it in better financial condition than before.”

Deals & Dealmakers »

[14 Mar 2012 | One Comment | ]

 
Skyline Developers announced that it has closed on a $112 million construction loan from Wells Fargo Bank, National Association for 200 East 79th Street, a Wilf family development.
The 19-story contemporary classic condominium is slated to launch sales this fall.
Designed by Cetra Ruddy, the development will house 45 luxury condominiums, and will offer 6,200 square feet of ground floor retail.
Sales and marketing for the property will be handled exclusively by Stribling Marketing Associates.
“This loan reflects the confidence that Wells Fargo has in this exceptional building,” said Orin Wilf, president of Skyline …

Brokers Weekly »

[14 Mar 2012 | No Comment | ]

The Marketing Directors, Inc. has been named the exclusive marketing and leasing agent for 75 Clinton, a nine-story luxury rental building featuring 74 residences in Brooklyn Heights.
The new assignment follows the Marketing Directors’ successful lease-up of the Arias Park Slope in less than five months and the recent announcement that it will direct the marketing and leasing for Midwood Investment & Development’s newest luxury rental development at 285 Broadway in Williamsburg.
The Marketing Directors officially launched the leasing program at 75 Clinton this week for the property’s new owner, Invesco, and …

Brokers Weekly »

[14 Mar 2012 | No Comment | ]

Keller Williams NYC has launched sales at 323 Park Avenue South.
The newly constructed building, which will feature 16 two-bedroom residences and one full-floor penthouse with floor-to-ceiling windows, was one of the last projects designed by the late Charles Gwathmey of Gwathmey Siegel and Associate Architects LLC.
All residences includes two and a half baths, ceilings up to 10 feet high, wide plank oak wood flooring, a Bosch washer and dryer, full virtual concierge and security system, and optional SmartHome technology.
Kitchens feature natural teak cabinets, Jet Mist granite counter tops, a stainless …

Brokers Weekly, Featured »

[14 Mar 2012 | No Comment | ]
$100,000 bonus on table in Tribeca

Platinum Properties is offering a $100,000 bonus to the broker who sells the penthouse at 200 Chambers Street in Tribeca.
To fuel a deal, the firm, tapped as the exclusive sales team for the building, is offering the incentive in addition to commission.
“We’re shaking things up,” said Khashy Eyn, CEO of Platinum Properties. “$100,000 is a tidy bonus, but this penthouse — with world-class finishes, lavish size, dream location, and striking design – is more than worth it. PH200 is in a league of its own.”

Deals & Dealmakers, Featured »

[14 Mar 2012 | No Comment | ]
Brookfield inks 132,000 s/f Liberty Plaza lease

Brookfield Office Properties Inc. has executed a 132,000 s/f lease at One Liberty Plaza with Investment Technology Group (ITG), an international research broker for global portfolio managers and traders.

The new lease is for a 15-year term and the firm will occupy three floors of One Liberty Plaza.

The building is now 98 percent leased, according to Jerry Larkin, senior vice president at Brookfield.

“We are optimistic about leasing activity in 2012 as firms like ITG capitalize on Downtown’s dynamic changes in retail, transit and open space.”

Deals & Dealmakers, Headline »

[14 Mar 2012 | No Comment | ]
We want you! Real estate firms on hiring spree

Hiring is projected to increase across the board in New York City in the coming quarter, and the commercial real estate industry is no exception.
Firms are vying with each other to bolster their ranks with top talent.
“It’s scary actually thinking about it, but probably 40 percent of my time now is spent recruiting,” said Peter Hennessy, president of Cassidy Turley’s New York Tri-State Region.

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