Home » Archive

Articles in the Deals & Dealmakers Category

Deals & Dealmakers »

[31 Oct 2014 | No Comment | ]

SL Green Realty Corp. announced that Matthew J. DiLiberto has been named the Company’s Chief Financial Officer (CFO), effective Jan. 1, 2015, when the employment agreement of the current CFO, James Mead, expires. Mr. Mead will be leaving to pursue other professional interests.
Mr. DiLiberto, age 40, has been with SL Green since 2004. Prior to this promotion, he has been the Company’s Chief Accounting Officer and Treasurer, overseeing its finance, accounting and corporate capital markets functions. Before joining the Company, he served for four years as a Controller and Director …

Deals & Dealmakers, Headline »

[31 Oct 2014 | No Comment | ]
Happy Halloween! New York leads country in zombie foreclosures

Just in time for Halloween, Greater New York recorded the most Zombie foreclosures of any metro area nationwide.
According to data firm RealtyTrac, 13,366 homes in metro New York were vacated at the time of foreclosure, becoming so-called Zombie properties. This represents 12 percent of all properties in foreclosure. New York was followed by Miami (9,869), Tampa (7,509), Chicago (7,326), Philadelphia (5,405) and Orlando (3,732).
RealtyTrac’s Q3 2014 Zombie Foreclosure Report found there were 117,298 owner-vacated foreclosures nationwide in third quarter of 2014 (18 percent of total properties in foreclosure), down 17 …

Deals & Dealmakers, Featured »

[30 Oct 2014 | One Comment | ]
First-time buyers zeroing in on Brooklyn market

By Konrad Putzier
When veteran broker Bob Knakal recently remarked that most investment properties are now being bought by first-time buyers from outside the city, he had Manhattan in mind. But increasingly, this trend is also noticeable in Brooklyn.
One of the latest newcomers into the borough is of the Pittsburgh-based real estate investment and property management firm, HLC Equity.
The firm recently bought 146 Fenimore Street, a 17-unit rental apartment building in Prospect Lefferts Gardens, for $3.4 million and is in talks to acquire several other Brooklyn properties.
The purchase marks HLC’s first …

Deals & Dealmakers »

[30 Oct 2014 | No Comment | ]
Classic Villard mansion clicks with new e-tailer

High-end menswear e-tailer Trunk Club will open its first store at The Villard Mansion on Madison Avenue on November 1.
CBRE Group, Inc. announced that it represented the New York Palace Hotel, operated by Northwood Hospitality, in the 26,190 s/f retail lease for the New York flagship store of Trunk Club, an online store bought by Nordstrom earlier this year.
CBRE Retail’s Michael Kadosh, first vice president, and Robert Bonicoro, represented Northwood Hospitality in the transaction, which will see Trunk Club move into the Villard Mansion’s entire ground-through-6th floor space. Matthew Seigel, …

Deals & Dealmakers, Photo Gallery »

[29 Oct 2014 | No Comment | ]

A launch party for the new Vicky Ward real estate book, The Liar’s Ball, held at the home of magazine editor Tina Brown, drew several prominent real estate executives. The book chronicles the history of the GM Building and its suitors, including Harry Macklowe and Donald Trump. Real Estate Weekly is giving away free copies of the book with new subscriptions to the industry’s oldest commercial real estate title.
Photos by Patrick McMullan

Brokers Weekly, Deals & Dealmakers, Featured »

[29 Oct 2014 | No Comment | ]
Urban Compass doubles new Fifth Ave. headquarters space

Upstart real estate firm Urban Compass its expanding its new Fifth Avenue headquarters space to 50,000 s/f.

Owner RFR Realty announced that the technology-driven real estate platform signed a new lease at 90 Fifth Avenue, effectively doubling its space in the building.

Deals & Dealmakers »

[29 Oct 2014 | No Comment | ]

JLL has completed five transactions, totaling 37,165 s/f, at 3 Columbus Circle, 1775 Broadway, on behalf of building ownership.
Versace USA Inc. signed for 21,342 s/f,  The Benvolio Group LLC took 5,789 s/f, Schireson Associates Inc. leased 3,886 s/fg , Lagoda Investment Management LP signed for 3,097 s/f and MFC Industrial Ltd. took 3,057 s/f at the the Class A, 747,416 s/f commercial office building.
The building owners were represented in all five transactions by Paul Glickman, Frank Doyle, Mitti Liebersohn, Alexander Chudnoff, Jonathan Fanuzzi, Diana Biasotti, and Benjamin Bass, all with …

Deals & Dealmakers, Finance & Accounting »

[29 Oct 2014 | No Comment | ]

Lee & Associates has formed a new acquisition division through a partnership venture with Cogswell Real Estate.
Lee — with its affiliate Sierra Real Estate — and Cogswell Realty have formed Cogswell Lee Development Group to jointly pursue acquisition opportunities in the New York City Metropolitan area.
The original relationship between the two firms began in 2012 when Sierra and Cogswell integrated their property management operations to create a broad real estate operating platform.
Soon thereafter, the partnership rolled out a project/construction management venture, Sierra Development Associates, which provided project/construction oversight services for …

Deals & Dealmakers »

[29 Oct 2014 | No Comment | ]

The Insurance Information Institute has renewed its office lease at 110 William Street.
Savanna and KBS Strategic Opportunity REIT, joint owners of the 928,157 s/f property, announced the 7,900 s/f lease signing.
“The downtown area has continued to gain momentum as tenants in a diverse mix of industries have found a home in Lower Manhattan,” said Brian Reiver, director of leasing at Savanna. “We are equally excited that a long standing tenant in the building has recommitted to both 110 William and Lower Manhattan.”
Savanna and KBS are implementing a capital improvement plan at …

Deals & Dealmakers »

[29 Oct 2014 | No Comment | ]

The John Simon Guggenheim Memorial Foundation, which has sublet the entire 33rd floor of 90 Park Avenue for 50 years, has signed a direct lease for that space, announced Arnold Gamberg, executive vice president of EVO Real Estate Group, who represented the tenant.
The new lease, which encompasses 13,878 s/f, will take effect in April of 2015.
United States Senator Simon Guggenheim and his wife established the foundation in 1925 as a memorial to a son who died in 1922.
“It’s a privilege to represent such a prestigious organization,” said Gamberg. “And I’m …

Related Posts Plugin for WordPress, Blogger...