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Articles Archive for October 2012

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[31 Oct 2012 | One Comment | ]
Trump celebrates launch of international realty firm

The Trump Organization announced recently the launch of Trump International Realty, a brokerage firm specializing in luxury, full-service residential sales and rentals. The company marked the milestone with a party at Trump Tower Oct. 26.

The Trump Organization, a globally recognized name in real estate, is the world’s only global luxury real estate super-brand, and is responsible for many of the world’s most recognized properties.

Brokers Weekly »

[31 Oct 2012 | No Comment | ]

Amid a dynamic fashion show by Cesar Galindo, New York City’s leading residential brokers celebrated a year of successful deals while also raising money for charity at The Real Estate Board of New York’s 24th Annual Residential Deal of the Year Awards and Charity Gala.
The fashion-themed event, which featured a runway show of Galindo’s 2013 collection, was held on Thursday, October 25 at the Metropolitan Pavilion.
Attendees of the event enjoyed an evening of great entertainment, fashion and dancing, all while honoring the most notable residential sales, rental deals and …

Brokers Weekly, Featured »

[31 Oct 2012 | No Comment | ]

You don’t have to be superstitious to believe in ghosts.

Every previously occupied property has a history, and that history can have real effects on how potential buyers or tenants react to a space.

Homes that become the scene of a violent crime can suffer a value loss ranging from 15 to as much as 100 percent of the value of the home, according to Randall Bell, an appraiser who specializes in disasters.

Headline »

[29 Oct 2012 | No Comment | ]
Hurricane Sandy halts construction; buildings prepare for worst

New York City shut down today (Monday) as Hurricane Sandy barreled towards the city.

Winds gusts of 80 mph caused the boom of a crane perched atop Extell Development’s luxury high-rise One57 to collapse this afternoon.

The city used Twitter to tell neighbors of the West 57th Street building to move to lower floors in their building and advised other people to avoid the area.

The Department of Buildings had announced Saturday that all construction in NYC was to be halted until further notice.

Buildings Commissioner Robert LiMandri ordered that “all exterior work at construction sites in New York City” suspended due to the severe weather conditions expected from Hurricane Sandy.

Deals & Dealmakers, Featured »

[25 Oct 2012 | No Comment | ]
Foreign investors turning Manhattan retail corridors into a tale of two different streets

By Al Barbarino

Demand continues to surge in Manhattan’s prime retail corridors, but it may be happening at the expense of those that are less prominent, according to real estate professionals who spoke at the Real Estate Services Alliance (RESA) “Powerhouse Retail Panel” last week (Thursday) at the offices of Eisner Amper.

The strength in retail comes from the 50.9 million annual visitors who visited the city last year (spending $34.5 billion); reenergized development projects; and the allure of its prime corridors, reborn as global demand for New York City real estate booms.

Deals & Dealmakers, Featured »

[25 Oct 2012 | No Comment | ]
Fred F. French and Tommy Bahama ready to enjoy one long weekend in NYC

By Al Barbarino

Executives with Tommy Bahama scoured “dozens” of locations for their international flagship before signing a 12-year lease at the Fred F. French building in early 2011, Rob Goldberg, SVP of marketing and restaurants tells Real Estate Weekly.

The process was equally laborious for the building manager and part-owner of the property, The Feil Organization, whose executives said they screened just as many tenants before signing Tommy Bahama.

The 13,000 s/f retail store, bar and restaurant is set to open at 551 Fifth Ave. – between 45th and 46th Streets – in mid-November, at what the company considers to be one of the city’s “international crossroads.”

Brokers Weekly »

[25 Oct 2012 | One Comment | ]

515 East 72, a luxury condominium on the Upper East Side hosted an event for 100 brokers to announce its partnership with Organic Avenue, the leading provider of organic cold-pressed juices and LOVE* (Live. Organic. Vegan. Experience) cleanses.  Denise Mari, founder and chief creative officer of Organic Avenue, discussed how she grew her business and the role of cleanses in healthy living.

“Organic Avenue aligns with likeminded people who believe in and are committed to healthy living. We’re so excited to partner with a building like 515 East 72 which is …

Brokers Weekly »

[25 Oct 2012 | No Comment | ]

The New York City office of global real estate brand Professionecasa Prestige International recently debuted its new sales and marketing team, and hosted an exclusive preview of Moravia, South of Fifth for local real estate professionals at Cipriani Wall Street.
The New York City office is the newest to the network, which already has a presence in 30 different countries.
An Italian-style residential property, Moravia, South of Fifth is located just steps from Miami’s famed Nikki Beach.  The residence was developed and designed by The Moravia Group, and its in-house design team …

Featured »

[25 Oct 2012 | No Comment | ]
Real estate rocks out for relief

Leaders in real estate took the stage Oct. 24 to help the Jewish Disaster Response Corps at the second annual “Real Estate Rockers in Relief” concert.

The concert, held at The Canal Room at 285 West Broadway, drew more than 100 supporters and raised awareness and funds for The Jewish Disaster Response Corps (JDRC), a faith-based initiative that assists all communities in domestic disaster recovery while exhibiting Jewish values and promoting broad and visible Jewish participation.

Brokers Weekly »

[25 Oct 2012 | No Comment | ]
A peek inside 18 Gramercy Park

Developers Arthur and William Lie Zeckendorf were on hand to help celebrate the opening of 18 Gramercy Park South Oct. 24.

Held in the newly-renovated building at Irving Place and W 20th St, guests toured a full-floor, 4,200 s/f condo.

As previously reported by Real Estate Weekly, full-floor homes are listed between $14 and $18 million while the penthouse, reportedly spoken for by Houston Rockets owner Leslie Alexander and currently in contract, is listed at $42 million.

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