Tenant representation firm Cresa has appointed Mark Jaccom, former co-chairman of the Tri-State region at Colliers International, to serve as president and managing principal of New York. He has also been named to Cresa’s Board of Directors.

Alfa Development has just introduced Chelsea Green, the latest addition to the developer’s line of sustainable buildings, due to open in the fall of 2013.
The 14-story, 51-unit condo development at 151 West 21st Street in Chelsea has been designed by the award-winning architects of Stephen B. Jacobs Group.
Chelsea Green integrates modern design and state-of-the-art green technology systems. The amenities package focuses on the concept of wellness through its Wellness Center comprised of a lounge, fitness room, spa with sauna and treatment room, and a rooftop lounge.
Chelsea Green offers one-, two-, …

Investment sales broker Northeast Private Client Group has announced the recent sales of six Connecticut investment properties, all of which resulted from off-market trading of discounted notes.
Edward Jordan, JD, CCIM, the firm’s managing director, represented the sellers and/or the buyers in each deal.
“We are finding that many lenders are turning to discounted note sales after properties have gone into default, rather than to the foreclosure process,” said Jordan.
“The note sale allows the lender to avoid the time and expense of foreclosure and resale of the asset, and allows experienced investors …

Construction employment in New York City reached 102,600 in the first quarter of 2012, which is a three percent decline from the same period a year ago and the lowest level of industry employment since the first quarter of 1999, according to a New York Building Congress analysis of New York State Department of Labor employment statistics.
Employment
The 102,600 construction jobs represent a 20 percent decline from the first quarter of 2008, which was a peak year for City construction activity.
New York City construction employment for all of 2011 …

On Thursday, June 21, Professional Women in Construction (PWC) will honor the project team and this year’s Project in Progress, the CUNY-ASRC (Advanced Science Research Center), at the organization’s annual Awards Reception to be held from 5:30 to 8 pm at The Yale Club in New York City.
Paul Williams, president of the Dormitory Authority of the State of New York (DASNY) will be saluted on behalf of the $705.8 Million megaproject being completed in Harlem.
MWBE goals on this project include 15 percent to MBEs and seven percent to WBEs. 
Richard Kennedy, …

Nearly 200 community and municipal leaders are planning to gather in Albany, NY for the 6th annual New Partners for Community Revitalization (NPCR) Brownfields Summit.
Leaders from the state and federal government, including the federal Environmental Protection Agency (EPA) and the state Environmental Facilities Corporation and Department of Environmental Consevation, will meet with on-the-ground community development leaders participating in New York’s landmark Brownfield Opportunity Area’s (BOA) program.
“As the BOA program matures, more and more New York communities are developing cooperative plans to guide future development,” said NPCR executive director Jody Kass.
“The …

New York – June 6, 2012 – The brightest stars in New York City real estate and finance will rock their poker faces on Wednesday, June 13th to attend the 13th annual Casino Jazz Night at Cipriani 42nd. The event will benefit Big Brothers Big Sisters of New York City (BBBS of NYC), the country’s oldest and largest youth mentoring organization.

The city’s most expensive apartment complex has a new general manager.

CWCapital and Rose Associates announced last week that former US Marine Sean Sullivan will take over from Jim Yasser at Stuyvesant Town and Peter Cooper Village, the complex that cost its former owners $5.4 billion at the height of the property boom.

The change comes as Brookfield Properties finalizes a formal offer to purchase the property in a deal with the 25,000 tenant

By Al Barbarino

The real estate community will hold a fundraiser dubbed Broadway in Bloom on June 20 to say “thank you” to the Broadway Mall Association, an organization that beautifies and maintains the malls that line the center of upper Broadway.
For the last quarter century, the BMA has taken care of the 10.6 acres of medians that stretch from 70th Street to 168th Street, doing work that has been credited with helping transform the neighborhood.
“I’ve lived on the west side for 40 years and I remember what those malls used to look like, with garbage and beer bottles scattered all around,” said committee member Barbara Good. “When I first moved here, my friends from the east side literally wouldn’t come over. Now everyone wants to come.”

Waterman Interests, LLC, a privately-held commercial real estate investment and operating company, announced the sale of 130 Prince Street for $140,500,000 to Invesco.
The company, along with institutional investors advised by J.P. Morgan Asset Management, acquired the property in 2007 for $112 million, and subsequently embarked on an aggressive re-leasing and capital improvement campaign to maximize the building’s full value.
“Since purchasing the asset in 2007, obviously the capital and commercial real estate markets have been through unprecedented volatility,” said Philip Waterman III (Tod), founder and managing member of Waterman Interests.
“To have …