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[4 Dec 2014 | No Comment | ]

Madison International Realty, a New York based investment company, announced that it has acquired a 50 percent ownership stake in The Houndsditch Estate in the City of London from TIAA Henderson Real Estate (TH Real Estate) on behalf of its Central London Office Fund, laying the groundwork for a new joint venture partnership between the two firms.
 With a total value of ($315 million, the 326,000 s/f portfolio comprises five properties – Cutlers Court (115-116 Houndsditch), 117-119 Houndsditch, 120 Houndsditch, Cutlers Exchange (123 Houndsditch) and 133 Houndsditch – situated on a …

Retail, Uncategorized »

[3 Dec 2014 | No Comment | ]

Helena Loelius and Trista Ricciardelli at Sitar Realty Company-TCN Worldwide announced that Nordstrom Rack will be arriving in The Crossroads at Eatontown in Eatontown, New Jersey.
The opening is scheduled for Fall of 2015. Nordstrom Rack will occupy 35,500s/f at the center. The deal comes following a major upgrade by center owners, LGR Associates.
Located across from the main entrance of the Monmouth Mall, the Nordstrom Rack store will join tenants such as Macy’s Furniture and Fortunoff Backyard in the 105,735 s/f center.
Loelius and Ricciardelli are LGR Associates’ leasing representatives at the …

Uncategorized »

[14 Nov 2014 | No Comment | ]

The Young Men’s/Women’s Real Estate Association “YM/WREA” held its annual Joanne Wittlin Mentoring Day on Friday, October 24, 2014.  Each year, YMWREA members volunteer to spend a day with students who are majoring in and considering a career in real estate.  This year 18 graduate student mentees from Columbia University, New York University and Baruch College participated alongside 20 YMWREA mentors.  The morning started with breakfast in Vornado Realty Trust’s marketing center at 90 Park Avenue followed by a presentation by Paul Massey, founder and CEO of Massey Knakal, about …

Deals & Dealmakers, Uncategorized »

[11 Nov 2014 | No Comment | ]

Bernard Spitzer, a civil engineer, real estate developer and philanthropist who built millions of square feet of Manhattan buildings, died on Novermber 1.
According to a family spokesperson, Mr. Spitzer succumbed after a long battle with Parkinson’s Disease. He was 90 years of age.
Always grateful for the opportunities he received, he and his wife, Anne, established a family foundation, which endowed a new architecture and urban planning school at City College as well as the Hall of Human Origins at the American Museum of Natural History.
They also funded stem cell research at Columbia University and Public Theater productions of Shakespeare in the Park, among many other philanthropic initiatives.
Education was a priority for his parents, Molly and Morris, …

Uncategorized »

[2 Nov 2014 | No Comment | ]

The Asian Real Estate Professional Association (AREPA) will host a holiday networking event on Tuesday December 9, 2014 from 6:00PM to 8:30PM at Neely’s located at 1125 First Avenue (62nd Street).
There will be no charge for entry to this event. Complimentary hors d’oeuvres will be served. For further information and to RSVP for this event, please go to www.arepainc.org

Uncategorized »

[25 Sep 2014 | No Comment | ]

ISS Symposium
Sept. 23-24: Inside Self-Storage (ISS) will present a two-day Self-Storage Owner/Investor Executive Symposium which will comprise an Owner/Operator Executive Conference on day one and a Developers Conference on day two. Designed to prepare industry professionals for success in the rapidly growing self-storage marketplace, the conferences will be held 8 a.m. to 5 p.m. at the Sheraton Chicago Hotel & Towers in Chicago. Registration for the symposium is now open at www.insideselfstorage.com
WHCC Mixer
September 24th: The Westchester Hispanic Chamber of Commerce will be holding its monthly networking mixer on September 24th …

Uncategorized »

[10 Sep 2014 | No Comment | ]
New hotel for Gowanus

Gowanus is getting another new development added to the list of growing projects – this time it’s a hotel.

Massey Knakal Capital Services just closed a $9,608,000 ground-up construction loan, arranged jointly by Bruce Whipple and
Roger Kapsalis of Massey Knakal for a boutique hotel near the Gowanus Canal.

Uncategorized »

[30 Jul 2014 | No Comment | ]

American architect Steven Holl has won the Japan Art Association’s 2014 Praemium Imperiale International Arts Award.
He joins South African playwright Athol Fugard, whose work helped bring the world’s attention to the outrage of apartheid, and Estonian composer Arvo Pärt.
The award, one of the most prestigious international prizes for painting, sculpture, architecture, music and theatre/film, brings with it $150,000.
Presented annually by the Japan Art Association, it recognizes lifetime achievement in the arts in categories not covered by the Nobel Prize.
Holl, who won the 2012 AIA Gold Medal, the 2010 RIBA Jencks …

Uncategorized »

[17 Jul 2014 | No Comment | ]

Even as more New York office buildings are built and renovated to environmentally sustainable standards, tenants and potential tenants don’t care all that much, according to a survey of New York City real estate executives, including owners, brokers, agents, engineers and accountants and lawyers specializing in the space.
Most property executives (83%) said tenants regard green certification as either “not too important” (33 percent), only “somewhat important” (45 percent) or “not at all important” (five percent), according to the spring 2014 Gotham Commercial Real Estate Monitor survey by accounting firm Marks …

Property Managers, Uncategorized »

[24 Jun 2014 | One Comment | ]

Manhattan District Attorney Cyrus R. Vance, Jr., today announced the guilty plea of ALAN GORELICK, 68, for stealing approximately $2.6 million from at least 30 buildings managed by Saparn Realty throughout New York City, including Harway Terrace, a Mitchell-Lama complex in Brooklyn. GORELICK pleaded guilty in New York State Supreme Court to Grand Larceny in the Second Degree, Criminal Possession of a Forged Instrument in the Second Degree, and Scheme to Defraud in the First Degree. He is expected to be sentenced on September 15, 2014.
“This defendant stole from all …

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