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[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 | No 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.

Brokers Weekly, Photo Gallery, Uncategorized »

[14 Mar 2014 | No Comment | ]

Brown Harris Steves powerhouse Elaine Clayman hosted her annual Client Appreciation Party last week at the  GE Monogram Design Center, 150 East 58 Street (Architects & Designers Building). Clayman is founder and president of the Elaine Clayman Team, one of the top teams in the nation. Elaine and her team ranked 116th for sales volume in the United States.
Photos by Richard Lewin

Uncategorized »

[28 Feb 2014 | No Comment | ]

Adams & Co. Real Estate, LLC, brokered a handful of deals at the contemporary fashion showroom building, located at West 39th Street. James Buslik, principal, and Jeff Buslikrepresented the tenant and landlord:
• A 3,600 S/F renewal and expansion for The NTWRK Agency.The tenant was represented by Maxwelle NY and asking rent was $45 psf.
• A 1,640 s/f renewal for Kabir SM Holdings Inc. Asking rent was $45 psf.
• A 1,354 s/f new lease for Amanda Uprichard LLC. Amanda Uprichard plans to use the space as office and showroom spaces for …

Uncategorized »

[2 Jan 2014 | No Comment | ]
DOB urges owners to prepare for tonight’s blizzard

The National Weather Service is forecasting 6 to 8 inches of snowfall and gusts of wind up to 35 mph for the New York City area from Thursday, January 2 through Friday, January 3, 2014.  In preparation for the inclement weather, the Department is reminding all builders, contractors, and property owners to secure their construction sites and buildings. The Department will be performing random spot-check inspections of construction sites around the City. If sites are not safely secured, the Department will take immediate enforcement action with the issuance of violations and Stop Work Orders if necessary.

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