Home » Archive

Articles Archive for 16 January 2013

Deals & Dealmakers, Featured »

[16 Jan 2013 | No Comment | ]
Capital co’s Carnegie deal

Canyon Capital Partners has consolidated and expanded its space in Carnegie Hall Tower as part of a seven-year lease renewal, according to sources familiar with the transaction.

The Los Angeles-based hedge fund manager will be moving into approximately 8,000 s/f on the 28th floor, relocating from two smaller suites in the building. Asking rent was $97 psf, sources said.

Deals & Dealmakers »

[16 Jan 2013 | No Comment | ]
Toll Brothers buys second NYC site

Toll Brothers continued to expand its footprint in Manhattan with a $56.5 million year-end purchase of a 200,000 s/f site at 76-86 King Street in the Printing District.

The transaction was put together by a team from HPNY led by Ivan Hakimian and Kevin Esh. The current site is a two story garage that runs through from King Street to Charlton Street and has 160,000 s/f of air rights.

The former owners, according to HPNY, sold the property in order to avoid the prospect of paying higher capital gains taxes proposed in various ‘fiscal cliff’ compromises last year.

“It’s extremely difficult to get your hands on a 200,000 s/f developm

Brokers Weekly, Featured »

[16 Jan 2013 | One Comment | ]
One-time hippie keeps his cool at dealmaking table

Like most seasoned commercial real estate attorneys in New York City, Dennis Russo has papered mountains of deals on behalf of clients.

What distinguishes Russo from the pack is his business acumen, sharpened by the many real estate projects he has personally developed, owned and managed.

As with most things he is passionate about, Russo has taken a hands-on approach to real estate over the years, even gutting and renovating buildings himself.

Deals & Dealmakers »

[16 Jan 2013 | No Comment | ]

Rising rents are fueling demand among buyers for large Manhattan apartments, according to first quarter reports.
More families, developers say, are opting to stay in the city, rather than migrate to the suburbs.

“We are seeing huge demand for larger units where families want to stay in NY and locals who live here want to stay,” said Laurie Golub, chief operating officer of HFZ Capital.

“As new schools open, like the Avenue School downtown and some of the NYC public schools that have been approved, where there is demand to stay families are driving prices of larger units up.”

Brokers Weekly »

[16 Jan 2013 | No Comment | ]
Construction starts on 56 Leonard Street

A $350 million construction loan has put the much-hyped 56 Leonard project back on track.

Dune Real Estate Partners LP and the Goldman, Sachs & Co. sponsored Whitehall Street 2005 Fund, in partnership with New York-based real estate development company Alexico Group LLC, announced the closing of the construction loan by a Bank of America-led syndicate to finance the residential condominium tower in Tribeca.

Brokers Weekly, Featured »

[16 Jan 2013 | No Comment | ]
Child of war has learned to make life better

A childhood spent in the shadow of war prepared Bond New York agent Moran Khousravi for the mean streets of Manhattan. But it is her passion for life that has helped her succeed here.

“The scary part of my life was growing up,ˮ said Khousravi, who originally moved to New York from Holon, Israel, to pursue a career as a dancer. “Israel was a scary country to grow up in, especially during my childhood, having to wake up in the middle of night to go to shelters. Things like that prepare you for life.”

Brokers Weekly »

[16 Jan 2013 | One Comment | ]
Blooming neighborhood managing to change while staying the same

Stepping out of the subway at the F/G Carroll Street station in Carroll Gardens, the first sounds you may hear are children playing. It’s a quiet, slow-paced neighborhood, absent the typical Manhattan noise.

Across the street, hipsters sit on benches at tiny outdoor bar Gowanus Yacht Club, sipping draft beer as mothers with strollers and small children in tow leisurely pass by.

Editorial Supplements, Featured »

[16 Jan 2013 | No Comment | ]
One of their own, Tighe steps down

City policy is often more complicated than it seems.

Take bike lanes. New York City’s cycling corridors might not seem like a subject the chairman of the Real Estate Board of New York would spend much time pondering, but to Mary Ann Tighe they’re a fascinating example of how seemingly unrelated elements of city life tie into real estate.

“Many new laws touch upon the real estate life of the city, and we need to explain to people” the implications of their ideas, Tighe said.

Deals & Dealmakers »

[16 Jan 2013 | One Comment | ]

Larry Silverstein, president and CEO of Silverstein Properties, one of the most prominent and widely respected leaders in the New York commercial real estate industry, will be the honoree at The Realty Foundation of New York’s 59th annual luncheon scheduled for Thursday, April 18, 2013.
The fundraising event will be held at noon in the Grand Ballroom of the Waldorf Astoria Hotel.
“I am thrilled the Foundation will be recognizing my good friend Larry this year,” said Jerry L. Cohen, the Foundation’s chairman.
“No stranger to the Foundation and its mandate to help …

Deals & Dealmakers »

[16 Jan 2013 | No Comment | ]

By Holly Dutton
Thor Equities has purchased a Meatpacking District building for $96 million, according to public records.
The building, at 428 West 14th Street, one block from The High Line, was purchased from 430 W14 Realty, LLC.
Constructed in 1900, the 47,300 s/f, five-story property is fully leased to retail and office tenants such as Scoop, clothier Alexander McQueen and bar Hogs & Heifers. The building traded hands a year ago when it was purchased by a Los Angeles-based investor for $65 million from Blackrock Realty Advisors.
A year later, the sales price …

Related Posts Plugin for WordPress, Blogger...