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[20 Apr 2015 | No Comment | ]
Co-op City on the hunt for the best candidate to manage more than 15,000 units

By Dan Orlando
Last fall, the revolutionary Co-op City formally began its search for a new property manager after shareholders of the Bronx development voted to relieve Marion Scott Real Estate of its duties.
Accused of inadequately handling its responsibilities, failing to properly insure the properties and negotiating contracts without the consent of the RiverBay Corporation (the corporate entity that manages the complex), Marion Scott left a sizeable slice of work available to the most convincing bidder.
The development is truly a beast. Aside from the more than 15,000 residential units …

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[20 Apr 2015 | No Comment | ]

The prolific Jacky Teplitzky just had a beauty of an idea.
She’s formed an alliance with PRIV, a mobile app that allows busy New Yorkers to schedule beauty and wellness services anytime, anywhere.
Through the partnership, PRIV will offer its services at the team’s upcoming real estate events.
To launch the collaboration, the Jacky Teplitzky team and PRIV, along with Manhattan Skyline Management Corp., recently hosted a broker open house in the penthouse of 205 East 59th Street.
Brokers received a tour of the 2,706 s/fthree-bedroom, 3.5-bath condo, currently listed for $7.999 million, and …

Deals & Dealmakers »

[16 Apr 2015 | No Comment | ]
Demand for tech workers driving office momentum

Tech talent clustering is a growing driver of demand for office space in both large and small markets across the U.S., according to a new CBRE Research report, “Scoring Tech Talent,” which ranks 50 U.S. markets according to their ability to attract and grow tech talent.
While established tech markets like San Francisco, Washington, D.C., and Seattle dominated the top spots on the “Tech Talent Scorecard,” many smaller, up-and-coming markets stood out as top “momentum markets” based on tech talent growth rates.
Oklahoma City and Nashville had tech talent growth …

Deals & Dealmakers »

[16 Apr 2015 | No Comment | ]

Tall Buildings
April 15: The New York Chapter of the Council on Tall Buildings presents a discussion on the Ping An Finance Center. Upon completion in 2016, it will be one of the tallest towers in the world. The event will take place at the Kohn Pedersen Fox Office on 11 West 42nd Street, New York City at 6:30 P.M. For questions, email ypcnewyork@ctbuh.org.
REIT Symposium
Apr: 15: The NYU School of Professional Studies Schack Institute of Real Estate will hold its 20th Annual REIT (Real Estate Investment Trust) Symposium, from 8:15 …

Deals & Dealmakers »

[16 Apr 2015 | No Comment | ]
Ice & Vice corners LES market

Faith Hope Consolo, chairman, Joseph Aquino, Executive Vice President, and Arthur Maglio of Douglas Elliman’s Retail Group have arranged a lease for Ice & Vice at 221 East Broadway.
The new store represents another addition to the team’s exclusive agency on the Lower East Side, which comprises approximately 4,000 s/f of retail space on East Broadway, with stores fronting both East Broadway and Clinton Streets.
The widely acclaimed artisanal confectionery produces and sells ice cream, frozen yogurt, sorbets and sherbets at food markets and events throughout New York, including Brooklyn Night Bazaar …

Deals & Dealmakers »

[16 Apr 2015 | No Comment | ]
Eastern Consolidated stakes out space at 98 Kenmare

Eastern Consolidated has arranged a long-term, 5,000 s/f lease for Spring Street Natural, at 98 Kenmare Street.
The ground-floor and lower level space between Mulberry Street and Cleveland Place offers 55 feet of sidewalk frontage.
Spring Street Natural was founded in 1973 in Soho and quickly became a neighborhood fixture, serving fresh, healthy cuisine at an affordable price. The eatery has a second location at 474 Columbus Avenue.
“Spring Street Natural’s menu of certified organic produce and grains will be a great addition to the neighborhood,” said James Famularo, a Senior Director for …

Deals & Dealmakers »

[16 Apr 2015 | No Comment | ]
Ashkenazy sees plenty of options for Bronx site

Ariel Property Advisors announced the sale of a retail site at 3860 East Tremont Avenue in the Throgs Neck section of the Bronx to the Ashkenazy Acquisition Corporation, a private real estate investment firm that focuses on retail and office assets.
The property sold for $5.1 million. Exclusive agents Jason M. Gold, Victor Sozio, and Scot Hirschfield represented the seller, a private investor, and procured the buyer.
The commercial property, which is located on the northwest corner of East Tremont Avenue and the Cross Bronx Service Road North, …

Deals & Dealmakers »

[16 Apr 2015 | No Comment | ]
Terzi pays $9.5M for former Dallas BBQ restaurant space on UWS

RKF announced that it has arranged the $9.5 million sale of the 9,600 s/f retail condominium situated at the base of the Alcott, a landmark pre-war condominium building at 27 West 72nd Street on the Upper West Side.
RKF oresident, Investment Sales, Jeffrey Fishman and senior director Ross Berkowitz represented both the seller, Stellar 85 LLC, as well as the buyer, Jack Terzi of JTRE Holdings. The transaction officially closed on March 27, 2015.
Located on the north block between Central Park West and Columbus Avenue, the retail asset features 7,200 s/f …

Deals & Dealmakers »

[16 Apr 2015 | No Comment | ]
Bank checks out Downtown Brooklyn space

Chase Bank recently signed a lease at 490 Fulton Street in Downtown Brooklyn for approximately 7,700 s/f.
The space, located at the southwest corner of Bond Street, has 59 ft. of glass frontage on Fulton Street and had an asking rent of $300 psf.
Cory Zelnik and Sean Philipps, of Zelnik & Company, represented Chase. The landlord, Crown Acquisitions, handled negotiations in house. “We were tasked by Chase to study the market and make recommendations for a possible relocation from the branch at 9 Dekalb Avenu,” stated Zelnik.
“After a …

Deals & Dealmakers »

[16 Apr 2015 | No Comment | ]
Ladies Mile retail condo fetches $86M at 85 Fifth Avenue

A retail co-op unit at 85 Fifth Avenue, on the corner of Fifth Avenue and East 16th Street inthe Ladies’ Mile Historic District, was sold for $86 million last week.
Bob Knakal and John Ciraulo of Cushman & Wakefield sold the turnkey space on behalf of RFR Realty to Wharton Properties.
The space contains 12,946 s/f divided almost equally between the grownd and lower level. Presently, 85 Fifth Avenue is home to Anthropologie, the American based women’s clothing retailer. Anthropologie is scheduled to remain in the space until April of 2021. …

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