Articles in the Uncategorized Category
Cushman & Wakefield has been appointed by Maiden Lane Development LLC to market a development site at 151-161 Maiden Lane, on the FiDi waterfront.
The site can take 249,242 s/f of development of apartments, offices, retail and, or, hotels or a combination of them all. The site is comprised of two contiguous lots, has no height restrictions and allows a developer the choice of either a single mixed-use tower or two individual developments, according to Helen Hwang of the C&W Capital Markets team.
151-161 Maiden Lane spans an entire block and is bounded by Maiden Lane, South Street, Fletcher Street and Front Street.
It is a neighbor of the South Street Seaport where Howard Hughes Development will begin a major redevelopment in the fall.
Headline-grabbing developers will take the stage at the 2013 Brooklyn Real Estate Summit next week.
Hudson Companies’ David Kramer, David Von Spreckelsen, a boss at Toll Brothers, and Two Trees honcho Jed Walentas will talk during the summit organized by TerraCRG with aptsandlofts.com and the Brooklyn Chamber.
Von Spreckelsen will discuss progress at Toll Brothers’ Brooklyn Bridge Park project, while it is expected that Kramer will use the platform to unveil two major rental projects the company is working on. Walentas is headlining the afternoon keynote event at 3:45.
Carlo A. …
Glenn Rufrano’s tenure as CEO has been good for Cushman & Wakefield, according to the company’s financial statement from the fourth quarter of 2012.
The company reported a revenue of $2.05 billion last year, the second highest revenue in its 95-years.
Earnings before interest, taxes, depreciation and amortization grew by more than 75 percent.
While New York City is still widely regarded as the “Financial Capital of the World,” global uncertainty, job losses and shrinking office footprints from Wall Street have all taken a significant toll on the city’s municipal tax base.
But despite these declines in the securities industry, retail, hospitality and tourism have played a bigger role in the recent recovery, according to new research.
Deals & Dealmakers, Uncategorized »
Jeffrey Dunne and Christopher Leonard of CBRE’s New York Institutional Group collaborated with Gene Pride of CBRE’s Private Capital Group and Mike Stone of CBRE’s Hartford office in representing Westgate HH LLC, an entity controlled by Capmark Financial Group Inc, in the sale of West Gate Town Homes in New Haven, Connecticut for $12,250,000.
The purchaser was Eagle Rock Advisors LLC, which has partnered with the UOB Group in launching UOB Eagle Rock Multifamily Property Fund LP.
West Gate Town Homes is a 135-unit townhome community on the northwest side …
While overall lease deal volume for the city is now on par with previous years, most other indicators at midyear 2012 point to a flat market, according to executives at Jones Lang LaSalle.
“A sharp rebound in leasing activity surprised many in the second quarter as decision makers for some of New York’s largest tenants chose to lock in renewals at current pricing,” said Peter Riguardi, president of Jones Lang LaSalle’s New York office.
“A handful of major transactions, totaling more than 2.7 million square feet, in the spring spurred leasing volume …
By Sarah Trefethen
Twenty-one Brooklyn Heights buildings have joined the roster of structures subject to historic district regulations.
The City Council voted Feb. 1 to uphold the Landmark Preservation Commission’s designation of the Downtown Brooklyn Skyscraper Historic District.
The district encompasses five blocks around the intersection of Court, Fulton and Joralemon Streets and extends from the southern curbline of Montague Street to the northern curbline of Livingston Street. It is adjacent to the Brooklyn Heights historic district.
The designation, first approved by the commission on Sept. 13 last year, had the …
The weather outside was cold, but inside, the atmosphere was heating up festively at CoreNet Global NYC’s annual holiday party. Over 235 commercial real estate executives and service providers gathered at The Top of the Rock on January 5th to celebrate the New Year, network with colleagues and meet new friends.
Corcoran Sunshine Marketing Group held its annual awards celebration last week, recognizing more than $1 billion in closed new development sales in 2011. Company President Kelly Kennedy Mack announced that the race for the coveted Sales Team of the Year award was the narrowest on record, with The Aldyn and The Rushmore ending December in a near tie.
Chris Havens’ Creative Real Estate Group is the new exclusive leasing agent for 32 Court Street, a 125,000 s/f boutique pre-war office building owned by Golden Lioness Corp.
Situated on the corner of Remsen and Court, several million dollars have been invested by the property’s owner in interior and exterior renovations. Havens is helping ownership re-position the property for creative office tenants.
32 Court current tenants include Shorefire Media (Bruce Springstein’s publicist), Gregory White Public Relations and Icarus Films.
Havens was formerly a co-agent with CB Richard Ellis for 16 Court Street, serving …