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[23 Jan 2015 | No Comment | ]
Top brokers, developers reveal secrets of success

REBNY held its first Secrets of Top Brokers and Industry Leaders seminar of the year Tuesday night, titled “Busting Out All Over – New York City Developers Speak.”
The seminar featured guest speakers Yoav Miller of Artimus Developers, Scott Walsh of Forest City Ratner Companies, Daria Salusbury of Related Companies, Kathleen Gargan-Scott of Rockrose Development Corporation, and was moderated by Jonathan Miller of Miller Samuel Real Estate Appraisers & Consultants.
REBNY members filled the Mendik Education Center to hear the panel discuss a variety of topics, ranging from the state of housing …

Brokers Weekly »

[22 Jan 2015 | No Comment | ]

Brown Harris Stevens, the exclusive affiliate of Christie’s International Real Estate, announced that Wendy Richardson has joined their Park Avenue flagship office.
Richardson brings with her nearly 12 years of selling experience and understanding of what it takes to sell and acquire a home in a competitive and complicated market.
She has achieved many industry awards, most recently in 2014, when she was recognized by Corcoran Group Real Estate as a Gold Council member, which is an elite status reserved for the Firm’s top 40 agents.
Richardson is also constantly ranked in the …

Construction & Design »

[22 Jan 2015 | No Comment | ]
Pierson Advisory Group officially launches

 The Pierson Advisory Group (www.piersonadvisorygroup.com), founded by former Parsons Brinckerhoff President and CEO George J. Pierson, has launched effective today. The focus of the firm is to advise and assist senior executives in removing obstacles to success.
Pierson spent a career leading and advising organizations through difficult challenges. With a background in engineering, operations, law, business, and leadership, Pierson not only sees and focuses on the “big picture” but has the knowledge and experience needed to dive deep into the details of issues, which is often where their solutions lie.
As President …

Deals & Dealmakers, Featured »

[22 Jan 2015 | No Comment | ]
Feil fills 841 Broadway with signing of new lease with digital company

The Union Square technology corridor has been extended once again with the announcement that digital advertising and media management software developer Centro Inc. has leased two full floors at 841 Broadway, owned and managed by The Feil Organization.
Terms of the lease transaction were not disclosed.
Centro will occupy 26,235 s/f on the sixth and seventh floors of the 108,000 s/f building, said Robert Fisher, director of commercial leasing for The Feil Organization.
“This lease brings the building back to full occupancy and demonstrates the continued strength of the Midtown South market,” Fisher …

Deals & Dealmakers »

[22 Jan 2015 | No Comment | ]

Kushner Companies and partner Extell Development Company, have closed on two phases of financing in conjunction with their purchase of Long Branch, New Jersey’s Pier Village.
Kushner and Extell acquired Pier Village for $180 million in a transaction that closed in two phases over the last quarter of 2014.
The first phase involved financing provided by Capital One, which provided bridge financing in November 2014.
Then, in mid-December, the bank also originated and closed a $97 million long-term fixed rate financing from Fannie Mae to take out the acquisition loan that …

Deals & Dealmakers »

[22 Jan 2015 | No Comment | ]

Lend Lease announced the appointment of Melissa Burch as Executive General Manager, New York, for the Americas Development business.
Burch will lead and grow development business in the New York market, pursue and identify development opportunities and large-scale urban regeneration projects throughout the greater metropolitan area, as well as support our development efforts nationally.
Prior to joining Lend Lease, Burch served as Executive Vice President for Forest City Ratner Companies where she had overall responsibility for commercial and residential development.
In this role, she oversaw the development of the Atlantic Yards project, a …

Deals & Dealmakers, Featured »

[22 Jan 2015 | No Comment | ]
Savanna buys Highline retail, seeks marquee tenant

Savanna, a New York-based real estate private equity and asset management firm, has acquired 461 West 14th Street, a newly built, 24,682s/fcorner retail property in the Meatpacking District.
The sellers were Brandon Miller and Michael Miller of Real Estate Equities Corp. and Alfieri Development.
Avison Young’s New York City-based Capital Markets group spearheaded the transaction. Principals Neil Helman, Vincent Carrega, Jon Epstein and Charles Kingsley represented the seller, a single purpose entity controlled by Real Estate Equities Corp.
461 West 14th Street is located on a corner at the intersection of the Meatpacking …

Deals & Dealmakers »

[22 Jan 2015 | No Comment | ]

Registration is now open for the Real Estate Weekly 4th Annual Women’s Forum, which will take place at the Wyndham New Yorker Hotel on Wednesday February 25.
The conference is being organized by GreenPearl Events.
This year’s theme is “Women Helping Women” and panels will shed fresh perspectives on key real estate issues, such as: construction, development, sustainability, capital raising and information technology.
Expert panelists from a variety of different industry disciplines will convene to discuss: Social Responsibilities: Shaping Our Future Cities, The “New” New York: The Future of Our Changing Neighborhoods, Eat, …

Deals & Dealmakers, Featured »

[22 Jan 2015 | No Comment | ]
Giordano rising to occasion as firm celebrates 100th year

By Lindsay Church
Who knew that renovations on a childhood home would have such a profound impact on the profession a person chooses?
Just ask Christian Giordano, the president of Mancini•Duffy, a New York-based architecture and interiors firm.
As a ten-year-old boy, Giordano watched his mother, determined to renovate the family’s Center Hall Colonial into a modern house with local resources that only understood traditional design.
After observing the various contractors struggle and fail to meet his mother’s visions, Christian became interested in the architectural profession, and hoped to one day …

Deals & Dealmakers »

[22 Jan 2015 | No Comment | ]

By Stuart Eisenberg,
real estate practice leader
and partner, BDO USA
Thanks to 2014 giving way to stronger market fundamentals, including better availability of equity and financing, the industry is expected to continue to flourish and sustain recent growth.
With a bright outlook forecasted for the commercial real estate industry as a whole, what are those specific REIT trends worth paying attention to in 2015? The following are five to put on your 2015 REIT radar.
1. Sovereign Funds and CMBS Loans Feel Ongoing Impact From Declining Oil Prices: While consumers are cheering for cheaper …

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