Category : Featured

American Realty Capital Properties announced that Glenn J. Rufrano will become its new Chief Executive Officer effective April 1. The former Cushman & Wakefield CEO will succeed David Kay, who left the REIT at the end of last year along with Chairman Nicholas Schorsch amid an accounting scandal. William Stanley...

Emmes Asset Management, together with one of its U.S. pension fund clients, acquired a vacant four-story industrial loft building at 47-16 Austell Place in the Factory District of Long Island City, Queens for approximately $13.5 million. Emmes is implementing a multi-million dollar capital improvement program, repositioning the former storage and distribution center into a multi-tenanted commercial complex with ground floor retail and local artisanal uses.

Eileen Spinola, the long-serving senior vice president at REBNY, has announced her retiral. Spinola is stepping down after 21 years at the Real Estate Board, much of it working alongside her husband Steven Spinola, who announced his own retirement late last year. veteran apartment Joe Barbaccia has been named to replace Spinola and he will start at REBNY on February 17.

Acadia Realty Trust has purchased the commercial slice of the Wellington, a mixed-use building on the Upper East Side for $51 million, city records indicate. O’Conor Capital sold the White Plains, NY-based Acadia the property in three subdivisions; the retail, priced at $15 million; the garage, at $22 million and; $14 million for the office space.