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[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 »

[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 …

Uncategorized »

[19 Jun 2014 | No Comment | ]

Scott Rechler, chairman and chief executive of multi-billion-dollar private real estate company RXR Realty LLC, told members of the Long Island Real Estate Group (LIREG) that Long Island must revitalize its downtowns if it hopes to become a 21st century region with 21st century workers.
 
Rechler, who is also vice chairman of the board of commissioners of the Port Authority of New York and New Jersey, told about 150 people attending a June 18 LIREG networking breakfast at the Old Westbury Golf and Country Club in Old Westbury, that New York …

Deals & Dealmakers, Uncategorized »

[21 May 2014 | No Comment | ]

American Realty Capital Properties announced today that it intends to sell substantially all its multi-tenant shopping center portfolio for $1.975 billion in cash to affiliates of Blackstone Real Estate Partners VII.
ARCP has entered into a letter of intent to sell the portfolio to Blackstone and expects to finalize the sale in the next 30 days.
The company said it will use the proceeds from this sale to fund its recently announced Red Lobster sale-leaseback transaction.
The properties included in this portfolio are the same properties ARCP previously announced would …

Construction & Design, Headline, Uncategorized »

[17 Mar 2014 | No Comment | ]
Cheers! Irish get a new-look arts center

As New York City rolled out the green carpet for the 253rd annual St Patrick’s Day parade, the historic Irish Arts Center in Hell’s Kitchen unveiled plans for a new-look building.

A partnership between New York City and the Irish Government will hep finance the project, which the group said has “important thematic value as Ireland recovers from the global financial crisis and restores its economic sovereignty. ”

Public review of the project at 533 West 51st Street is expected to begin this spring with construction starting early next year.

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