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[20 Oct 2014 | No Comment | ]
Fotis has the right recipe for sales success

By Dan Orlando
Real Estate was not in Matthew Fotis’s plans when he graduated from Penn State University in 2002.
Though he’s now one of Marcus & Millichap’s top multi-family and mixed use producers, Fotis originally had designs on owning his own eatery when he entered the working world.
“I studied hotel restaurant management at Penn State and the plan was originally to go to culinary school afterwards,” Fotis told Real Estate Weekly. “The plan was to use both of those areas of study to run a restaurant, or to be involved in …

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[16 Oct 2014 | No Comment | ]

The Bluestone Group announced the hiring of Charlie Terrasi to lead ongoing operations and the company’s expanding bridge and structured financing platform.
Most recently a vice president at Dime Savings Bank of Williamsburg, Terrasi will serve as Bluestone Group’s chief operating officer.
Terrasi’s addition to the firm’s executive team is a part of a continued expansion of the Bluestone lending platform.
Terrasi is a distinguished banking and real estate professional with over 12 years of experience in commercial lending, construction financing, commercial and industrial loans, workouts, and the disposition of non performing loans.
Prior …

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[16 Oct 2014 | No Comment | ]

Transwestern completed an 18,911 s/f office lease for PubMatic at 229 West 43rd Street, the former headquarters of The New York Times that’s now known as 229W43.
The New York Tenant Advisory Services team of Lindsay Ornstein, Kyle Williams and Aaron Kaufman represented the global digital media and advertising company in the transaction.
“New York City continues to benefit from a booming tech economy, and 229W43 has become a hub for media and technology companies,” said Ornstein.
“This fact, paired with the creative layout and unique building design attributes, made it an ideal …

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[16 Oct 2014 | No Comment | ]
Peak Performance at 90 Fifth Ave.

RFR Realty LLC announced that Peak Performance has signed a 25,204 s/f lease at 90 Fifth Avenue.
The 90 Fifth Avenue location will be the gym’s flagship and will include office space as well.
“Peak Performance is a welcome addition to 90 Fifth Avenue, and its unique services add an additional amenity for tenants and the neighborhood as a whole,” said Oliver Katcher, who represented RFR in the lease in-house along with colleague AJ Camhi.
Recently renovated, upgraded and reintroduced to the market, 90 Fifth Avenue is a 140,000 s/f office building located …

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[16 Oct 2014 | No Comment | ]

Global Distribution Group of CBS is moving its east coast/NY operations.
The CBS division has signed a 12-year lease for 32,598 s/f comprising the entire 30th floor at Worldwide Plaza, the 1.8 million square foot Class A office building that occupies the entire westerly blockfront of Eighth Avenue, between 49th and 50th Streets.
“We are delighted to welcome an iconic name in television to Worldwide Plaza,” said Peter S. Duncan, president and CEO of George Comfort & Sons, who heads the investment group, WWP Office, LLC.
WWP Office, LLC is a partnership comprised …

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[16 Oct 2014 | No Comment | ]

Two Trees Management Company announced that Huge, a global digital design, technology and strategy firm, has signed a new lease expansion at the company’s New York headquarters, 45 Main Street in DUMBO, for a total of 80,000 s/f.
Huge was founded in 1999 with two people working out of an apartment on Water Street.
Since moving into 45 Main Street in 2006, the company has grown from 2,500s/f to a total of 80,000 s/f in the building. With over 850 employees globally and more than 500 in Brooklyn alone, Huge has expanded …

Deals & Dealmakers »

[16 Oct 2014 | No Comment | ]
ON THE SCENE: Massey Knakal, Angelic Real Estate, TerraCRG

AGENTS
Kalmon Dolgin Affiliates (KDA) has been named the exclusive sales agent for 4605 Surf Avenue, a 13,945 s/f property in the Brooklyn, NY shore side neighborhood of Sea Gate. Nathan Friedman of KDA is the broker handling the exclusive listing. The property is ideal for use as a hotel, rooming house or school. It offers an 80-person dining room, large living room, commercial kitchen, and 14 full bedrooms and bathrooms. A large yard with ocean views, and a full sprinkler system, as well as recent upgrades are among the building’s …

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[16 Oct 2014 | No Comment | ]
Resnick celebrates leasing milestone at 199 Water Street

Jack Resnick & Sons has closed on two new long-term leases totaling 100,000 s/f at 199 Water Street.
These transactions complete Resnick’s two-year campaign to lease-up the entire 432,483 s/f Wells Fargo block of space that was coming available at the end of 2014.
In the first transaction, BGC Partners is converting a sublease of 79,990 s/f to a 15-year direct deal as of January 1, 2015.
The parent of Newmark Grubb Knight Frank, and an affiliated company of Cantor Fitzgerald, occupies the entire 18th and 19th floors of the 35-story building.
Also signing …

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[16 Oct 2014 | No Comment | ]
AREPA hosts developer Ian Bruce Eichner

The Asian Real Estate Professional Association (AREPA) hosted its 2nd  distinguished speaker event on Thursday October 9, 2014 at the Law offices of Herrick, Feinstein LLP.
Mr. Ian Bruce Eichner,   Founder and Chairman of the Continuum Company,  spoke about his upcoming development projects in Flatiron and Harlem.
(AREPA Board of Directors pictured from L to R) Candice Wang – AREPA Secretary; Patrick Yu – AREPA Vice President,The Yu Law Firm, P.C.;  Tony Huang – AREPA President, The Heights Real Estate Company;   Ian Bruce Eichner, Founder and Chairman of the Continuum …

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[15 Oct 2014 | No Comment | ]

Cushman & Wakefield announced today that Laura Pomerantz has joined the firm as vice chairman and head of strategic accounts.
Pomerantz, who most recently served as principal and founding partner of Laura Pomerantz Real Estate,  is expected to be joined by five professionals from her firm, including her longstanding associates Betty Ende and Ilyssa Schwartzberg.
Pomerantz will lead the newly formed Strategic Accounts group and will be responsible for growing relationships at the firm.  
“Over the years, Laura has been a trustworthy and responsible real estate advisor both personally and professionally to …

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