Katherine Gale, great granddaughter of Daniel Gale Sotheby’s International Realty founder Daniel Gale, has joined the organization’s Cold Spring Harbor, New York sales office. She joins one of the nation’s leading realtors as a licensed salesperson.
“We are so pleased that Katie has chosen to join Daniel Gale Sotheby’s and hope that she will have an enjoyable and rewarding experience,” said Kent Gale, Katherine’s grandfather and the family patriarch, who ran the organization from the 1950s until 1990.
Kent and his wife Jean were early influences and remain as mentors to their …

BOND New York, Manhattan’s largest independently owned residential rentals and sales brokerage, has announced that Brian Dusseau, has returned to BOND after a short stay at the recently defunct Barak Realty where he was an executive vice president and director of rentals.
Dusseau’s responsibilities as senior vice president at BOND will include managing his team of five agents and corporate relocation.Dusseau has ten years of real estate experience and was previously a managing director of two boutique firms.
In addition he has run brokerage teams at several of New York’s top residential …

Newmark Grubb Knight Frank (NGKF) has negotiated a long-term lease renewal and expansion for health and wellness communications agency Havas Worldwide Health.
 
The deal provides the agency with nearly 170,000 s/f of offices at 200 Madison Ave., enough room to bring together the employees who already occupied a portion of that space with another Havas Worldwide Health division that will relocate to the Madison Avenue address.
“With soaring ceilings and abundant natural light, 200 Madison Ave. has provided an excellent environment for the creative talents at Havas Worldwide Health over the past …

In one of the largest real estate transactions in New Jersey state history, of Public Service Enterprise Group Inc. (PSEG) has renewed its 825,000 s/f lease at the 25-story 80 Park Plaza in Newark.
Both the tenant and the landlord, Wells Real Estate Investment Trust II (Wells REIT II), plan to make significant capital and energy efficiency improvements to the building.
Bryn Cinque, an executive managing director of Colliers International New Jersey, and vice chairman Eric Witmondt, represented the tenant in the transaction. John Meisel, of Jones Lang LaSalle, represented the landlord.
“With this single transaction PSEG makes a tremendous statement for the viability of Newark and the state of New Jersey as business-friendly environments and a center of economic activity,” said Robert Martie, executive vice president of the Colliers International New Jersey region. “Transactions of this size and stature are rare, and will help define the future of this city.”

Kushner Companies just jumped back into the New Jersey apartment market.
The company paid $57.5 million for a 338-unit portfolio in Hasbrouck Heights. The deals is Kushner’s first Garden State apartment purchase since the company sold off a $2 billion portfolio in 2007 to AIG for roughly $2 billion, the largest real estate transaction in the history of New Jersey.
“We strongly believe that multi-family properties are a resilient and important asset class and we have been and will continue to grow our portfolio in this sector in markets across the country,” …

A city crane inspector has been acquitted on charges relating to the collapse of a giant crane that killed seven people.
But a court did find Edward Marquette, 51, guilty of a series of other charges that he lied about inspecting cranes at sites around the city.
Manhattan District Attorney Cyrus R. Vance, Jr., announced that, following a bench tiral, Marquette was found guilty of two counts each of Offering a False Instrument for Filing in the First Degree, Falsifying Business Records in the Second Degree, and Official Misconduct.
In …

A small, odd-shaped lot at 97 Crooke Avenue, sitting cheek-to-jowl with the B and Q subway lines, was a longtime eyesore to its Flatbush, Brooklyn, neighbors.

Last week, the Brooklyn Chamber of Commerce saluted the Rev. Dan Ramm Residence, a nine-story affordable and supportive housing building standing on the lot, which has revitalized the block with a $15.3 million investment.

97 Crooke provides 53 units for working individuals and formerly homeless individuals leaving the city’s shelters. On-site services are provided by CAMBA, Inc. for all residents
Developed by CAMBA Housing Ventures, 97 Crooke Avenue is one of 12 new construction projects tol receive the Brooklyn Chamber’s 2012 Building Brooklyn Awards.

By Sarah Trefethen
Robert Khodadadian remembers the rough years of 2008 and 2009, when — still in his 20s — he was running a nine-broker company based in Long Island and every deal was a test of creativity and determination.

“You’d stay until eight, nine o’clock to get people on the phone,” he says. “It wasn’t like it is now; everyone was working. There were no holiday parties, no vacation.”

He sounds almost wistful.

It’s not that Khohdadadian, a 30-year-old Eastern Consolidated associate director with a face-splitting smile and infectious enthusiasm, is anti-fun. He just likes doing deals. And he’s eager to make the most of his new position at Eastern Consolidated and his partnership with industry veteran Adelaide Polsinelli.

By Liana Grey
Earlier this month, Taconic Investment Partners acquired a former tea and coffee warehouse at 71 Laight Street in northern Tribeca. By 2014, the development company plans to build 34 loft-style apartments, some as large as 5,400 s/f, which will be marketed by Sara Kallus of Prudential Douglas Elliman.

71 Laight, which will encompass the existing warehouse as well as a new, modern building designed by architect Morris Adjmi, is one of 13 new luxury condo developments rising in Manhattan’s priciest zip code.

By Sarah Trefethen

New York’s capacity for cutting-edge medicine got a 170,000 s/f boost this week.

A non-profit group founded by a number of local hospitals and universities has signed a 20-year lease at 101 Avenue of the Americas to operate a DNA sequencing lab.

The New York Genome Center will occupy the seven base floors of the Edward Minskoff-owned tower. The building was recently gut renovated when the sole tenant, SEIU 32BJ, the property service workers’ union, moved out.