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Articles Archive for 19 December 2012

Deals & Dealmakers, Featured »

[19 Dec 2012 | No Comment | ]
City opens doors on 1M s/f of island space

Governor’s Island is open for business.

Forty buildings in the island’s historic district are being made available for lease for up to 69 years under a Request for Proposals issued last week by the Trust for Governor’s Island, a nonprofit organization in charge of the operations, planning and redevelopment of the island, where it owns 150 acres.

Brokers Weekly »

[19 Dec 2012 | No Comment | ]

AC Lawrence Real Estate announced that it is expanding its residential real estate operations to Manhattan’s West Side, and will be moving some of its agents into an 11,000 s/f office at 729 Seventh Avenue in the Theater District.

This marks significant growth for the full-service residential and commercial brokerage, which was acquired recently by The Bellmarc Group.

The prime 729 Seventh Avenue loft location had been the offices of Manhattan Apartments Inc., a residential brokerage founded in 1984.

Brokers Weekly, Featured »

[19 Dec 2012 | No Comment | ]
Reba never rests on her laurels

At 23 years old, Reba Miller walked into the luxury boutique real estate firm Whitbread-Nolan for her first day.

She was promptly given a seat and told: “you’re on your own.”

Today, over $1 billion worth of sales and almost 30 years later, Ms.Miller, who made her name by almost dominating the market on Madison Avenue, continues to be a go-to name in New York City real estate across continents.

Deals & Dealmakers, Featured »

[19 Dec 2012 | No Comment | ]
Retail powerhouse Firestein is always brewing up deals

David Firestein isn’t stumped by the question of what he’s most proud of – it’s even emblazoned on his license plate.
“It says SBUX 1, which is the New York Stock exchange symbol for Starbucks,” says Firestein with a laugh.
The SCG Retail CEO brokered the deal for the first Starbucks in New York City in the early 90’s — and every one since then.
Early next year, Firestein will mark the 200th retail store opening of Starbucks in Manhattan.
Along with Starbucks, he has brokered deals in Manhattan for national chains Costco, Whole Foods, AMC …

Deals & Dealmakers, Headline »

[19 Dec 2012 | No Comment | ]
Supermarket mogul is checking out his options

Real estate and supermarket mogul John Catsimatidis just wants what’s best for New York City.

And if that means him being mayor, he’ll gladly take it on.

“I started an exploratory committee,” he told guests at the B’nai B’rith luncheon Dec. 12, addressing rumors of a possible run. “We’ll take the pulse of the situation; see if New Yorkers want to see another businessman mayor.”

Deals & Dealmakers »

[19 Dec 2012 | No Comment | ]
Macy’s 197,000 s/f  Broadway footprint

In its third office-space growth spurt in 24 months, the retailer Macy’s has signed a 31,700 s/f lease expansion to occupy the entire tenth floor of 1440 Broadway, Monday Properties announced on Monday.

The transaction also extends Macy’s current lease of 166,000 square feet on floors six through nine and 13, bringing the parade- and fireworks-hosting retailer’s total footprint in the building to over 197,000 square feet.

Construction & Design, Featured »

[19 Dec 2012 | 2 Comments | ]
Ratner ‘knocking up’ Atlantic Yards

If Tuesday’s groundbreaking ceremony for the first residential tower at Atlantic Yards was a long time coming, it was a long time that Bruce Ratner has spent making friends.

Among the event’s long list of speakers was not only Brooklyn Borough President Marty Markowitz and Building and Construction Trades Council of Greater New York President Gary LaBarbera, but activist and former ACORN head Bertha Lewis.

“How did I meet Bertha?” Ratner asked, by way of introduction. “She protested me for two weeks.”

Brokers Weekly, Featured »

[19 Dec 2012 | No Comment | ]
Brokers help Sandy victims find new homes in time for the holidays

Matt Rosenstein and Nick Kurczewski were in love with their neighborhood near the South Street Seaport in Lower Manhattan.

On the night of Oct. 29, a 1,000-mile wide hurricane tried to change that.

“It was unreal,” recalled Kurczewski. “The wind and rain started, it was wet and windy, and then a wall of water rolled in.”

Residents for three years in a ground floor apartment on Front Street, the happy couple “knew everyone” and had built strong ties with the community.

Deals & Dealmakers, Featured »

[19 Dec 2012 | No Comment | ]
TriStar sells for $50M

A portfolio of two of the city’s hottest investments classes — mutli-family and retail — has been sold for $49.925 million.

Dalan Management Partnered with RWN Real Estate Partners and Standard Property Company to purchase the TriStar Portfolio, a package of five mixed-use, walk-up buildings in the West Village, Lower East Side, and NoLIta.

“The combination of great retail presence with an excellent mix of free market and rent stabilized residential tenancies makes the acquisition of these five well located buildings a highly compelling investment opportunity on many levels,ˮ said the investors in a statement.

Brokers Weekly, Featured »

[19 Dec 2012 | No Comment | ]
Dermot Co. breaks ground on new rental tower

The Dermot Company, Inc. and its partner, the AFL-CIO Building Investment Trust (BIT), today announced the acquisition and groundbreaking of 21 West End Avenue, at the southwest corner of West 61st Street and West End Avenue.
The 43-story building will be LEED certified and have 616 rental apartments, with over 30,000 s/f of amenities for its residents, a four-story New York City public school for children pre-kindergarten through 8th grade, and 23,725 s/f of retail space.
“We’re very excited about bringing this special building to the Upper West Side,” said Stephen N. Benjamin, COO of The Dermot Company.
21 West End Avenue is the first building of the five-building Riverside Center Master Development plan approved in December 2010.

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