Home » Archive

Articles in the Featured Category

Brokers Weekly, Featured »

[18 Dec 2014 | No Comment | ]
The builder who bets on a market that will always leave him the winner

By Konrad Putzier
“Ziel is a pain in the ass, I want you to print that,” said Kevin Maloney, sitting in his windowless office in the Flatiron District.
Then he laughed. For those who don’t know: the developer has a good relationship with his former business partner, Ziel Feldman, who now heads the rival firm, HFZ Development.
Maloney’s relationship with his current partner on a number of projects, Michael Stern of JDS Development, is more troubled.
The two developers reportedly fell out earlier this year — Maloney cryptically speaks of “different philosophies” — and …

Deals & Dealmakers, Featured »

[18 Dec 2014 | One Comment | ]
Multifamily maven eyes expansion into office, industrial markets

Margaret Streicker Porres has made a habit of beating the odds.

As a graduate student at Columbia, she claims to have been the first person to receive Masters degrees in architecture and real estate development simultaneously.

She converted her first property while she was still in school. And she has found considerable success as a female entrepreneur in a field that is about as hospitable to women as the Siberian timber industry.

Construction & Design, Featured, Finance & Accounting »

[18 Dec 2014 | No Comment | ]
Brausers land $62M to build new Fulton Street  apartment tower

HFF has arranged $61.75 million in financing for the development of Exhibit, a luxury residential tower comprised of 120 residential rental units and 6,800 s/f of retail space located at 60 Fulton Street in Lower Manhattan.

HFF worked on behalf of Gerald Brauser and Steven Brauser of The Parkland Group, LLC to secure a 33-year construction-perm loan through Pacific Life Insurance Company.

Deals & Dealmakers, Featured »

[17 Dec 2014 | No Comment | ]
Weisbrod promises new year, new rules of inclusionary housing

Former Trinity executive turned city hall commissioner Carl Weisbrod warned New York developers to brace themselves for new rules come 2015.

“We’ll be announcing very early next year, a mandatory inclusionary housing program,” Weisbrod told guests at B’nai B’rith’s December luncheon.

The program will take the current affordable housing incentives available to developers in mid-density or high density residential districts and upgrade them to concrete guidelines.

Deals & Dealmakers, Featured »

[16 Dec 2014 | No Comment | ]
City rakes in another $5M to host Democratic convention

The de Blasio Administration announced that it has secured an additional $5 million from host committee members in support of New York City’s bid to host the 2016 Democratic National Convention, bringing the City’s fundraising total to $15 million.

Goldman Sachs, 1199SEIU, Condé Nast, Blackstone, Tishman Speyer and Citi are among the organizations that have contributed to the City’s convention bid.

Deals & Dealmakers, Featured »

[16 Dec 2014 | No Comment | ]
Multifamily sales top $1B for second month in a row

New York City multifamily sales in October surpassed $1 billion for the second consecutive month and only the fourth time this year, according to Ariel Property Advisors’ Multifamily Month in Review: New York City for October.

“The New York City multifamily market saw a strong kickoff to the fourth quarter and we’re expecting the year to end on a high note,” said Shimon Shkury, president of Ariel Property Advisors.

Deals & Dealmakers, Featured »

[16 Dec 2014 | No Comment | ]
Massey Knakal joins merger merry-go-round

The merger wave has officially gripped commercial real estate, as Massey Knakal became the fourth New York brokerage to be bought by a larger rival this year.

On Monday, Cushman & Wakefield announced that it signed an agreement to take over Massey Knakal for a reported $100 million.

The deal is part of a veritable merger boom among commercial real estate brokerages. In September, private equity firm TPG Capital signed a deal to acquire Cassidy Turley and merge it with Texas-based brokerage DTZ. Earlier this year London-based Savills acquired the New York firm Studley, forming Savills Studley. Market leader CBRE is currently in talks to acquire retail brokerage RKF.

Deals & Dealmakers, Featured »

[15 Dec 2014 | No Comment | ]
Javeri Capital buys SoHo commercial building

By Konrad Putzier
Javeri Capital has bought the commercial building 10 Greene Street for $14.45 million. The deal is the latest in a flurry of investment sales on SoHo’s southern fringe, as the neighborhood’s retail boom spreads.
Javeri bought the five-story, 12,500 s/f building from an unnamed family owner. Michael Ferrara of Highcap Group represented both parties. The building is vacant or leased month-to-month with the exception of the ground-floor retail space, which is occupied by clothing store The Real McCoy’s.
Southern SoHo has seen increased interest from investors recently, driven by rising …

Deals & Dealmakers, Featured »

[15 Dec 2014 | No Comment | ]
Tal Kerret named president of Silverstein Properties

New York City developer Larry A. Silverstein today announced the appointment of Tal Kerret as President of Silverstein Properties, Inc.
In his role, Mr. Kerret will be responsible for managing and monitoring the company’s portfolio of assets, devising strategies for growth and acting as a liaison with investors.  Mr. Kerret will also oversee some of the day-to-day operations of the company.
In making the announcement, Mr. Silverstein, who serves as Chairman, said: “I am delighted to appoint Tal to the position of President.  Over the past four years, he has proven himself …

Deals & Dealmakers, Featured »

[15 Dec 2014 | No Comment | ]
Rudin keeping everyone on their toes as office ergonomics reign

By Konrad Putzier
For Ellen Rudin, running CBRE’s Long Island and Outer Boroughs offices is a return to her roots.
But working close to her childhood home is just one of the benefits of her current job, which she took up six years ago.
As managing director, she is transforming the firm’s offices into a 21-century workplace. “It is an exciting time, and something we’ve had to embrace,” she said.
Following a company directive, CBRE’s new office in Melville, Long Island, now features more common space and desks that move up and down. Employees …

Related Posts Plugin for WordPress, Blogger...