Mentoring has men and women on same page
Mary Ann Tighe, CEO of the New York Tri-State Region at CBRE, started her career at Edward S. Gordon & Company in 1984. Back then, … Continued
Category : Editorial Supplements
Lane celebrates 30 years with food drive
Greg Burke, owner of Lane Office furniture dealership in New York City, celebrated his 30th year at his company by donating 20,000 meals to homeless New Yorkers as a corporate sponsor for the Coalition for the Homeless Grand Central Food Program. Throughout the month of October, employees at Lane Office...
Congress skips out on Sandy aid
A hoped-for $60 billion federal aid bill that included relief funds for New York and New Jersey residents affected by October’s Superstorm Sandy was left on the floor by U.S. House of Representatives Wednesday. A number of leaders of New York’s real estate industry had called on congress to pass the bill. "That Congress has been unwilling or unable to pass the Sandy aid package and provide constituents of the damaged areas with the funds required to rebuild their lives is beyond deplorable" Joe Sitt, CEO of Thor Equities, said in a statement Wednesday.
Sandy’s biz victims at home in Brookfield space
Although the Brookfield space is currently full, offices do become available as groups move back to their own places. Brookfield Office Properties Inc. announced today … Continued
Mesa West arranges distribution deal
Mesa West has provided Hillwood Investment Properties, a Perot company, in partnership with Brookfield Asset Management, with $14 million in first mortgage debt to recapitalize 200 Birch Creek Road. The vacant 597,000 s/f warehouse and distribution center in Bridgeport, NJ, is part of a venture by Hillwood and Brookfield formed...
C&W: Economy to hit turning point in 2013
Next year is expected to be a turning point for the economy and the commercial real estate industry, according to Cushman & Wakefield’s Global Economic Pulse Forecast. While 2013 will get off to a slow start, the stage has been set for a significant turn-up in market sentiment by year...
$69M Stuy town deal a double-edge sword
By Sabina Mollot Stuyvesant Town tenants last week won a $69 million settlement against the owners and former owners of the giant East Side apartment complex for illegally raising rents after collecting tax relief. However, rents for some of the 11,000 residents may still go up under a rent formual...
IDA incentives will keep PepsiCo in New York
PepsiCo Inc. has secured incentives from the Westchester County Industrial Development Agency (IDA) to help finance a $240-million renovation of its headquarters in Purchase and keep the drinks giant in the state. Frank McCullough, a partner with McCullough Goldberger & Staudt, LLP, represented PepsiCo Inc. before the IDA in its application for inducement in connection with the renovation, the largest project to receive assistance from the agency in the last 10 years.
Post-Sandy questions and answers for apartment tenants
By Adam Leitman Bailey and Dov Treiman Adam Leitman Bailey, PC Q: Is there any difference in the law between how regulated and unregulated apartments are handled when the tenant cannot live there because of storm damage? A: Rent regulation makes almost no difference in the legal treatment of storm...
‘Insider’ launches new firm
Christopher Haynes has launched Broadacre Financial Corporation, a boutique commercial real estate advisory firm offering mortgage brokerage, advisory services and restructuring assistance. Haynes is a 20-year veteran of Bank of America/Merrill Lynch and was part of Merrill Lynch’s commercial real estate conduit since its founding in 1994. He ran the...