Category : Featured

Cooking up a kitchen deal
Deals & DealmakersFeatured

Cooking up a kitchen deal

REW Staff
by REW Staff793
Eastern Consolidated has been retained as the exclusive agent to market for sale 410-414 West 47th Street, two contiguous mixed-use buildings in Hell’s Kitchen. The flexibility of the current leases in place grants a potential purchaser the option to pursue multiple strategies for re-development for the two-building parcel. Adelaide Polsinelli and Lipa Lieberman, senior directors with Eastern Consolidated, are exclusively representing the seller. “There is enormous potential for an investor looking to optimize on the incredible residential demand for new Manhattan living space in a great culturally rich neighborhood,” said Polsinelli
Deals & DealmakersFeatured

Family sells $53M Bronx portfolio

REW Staff
by REW Staff1222
Amit Doshi and Lynda Blumberg of Besen & Associates brokered the $53 million sale of a four-building portfolio of multi-family buildings in the Bronx. The deal, eight years in the making, closed in a matter of two days. Years of preparation contributed to a smooth, overhight closing, according to Blumberg. “Even when I was away on vacation, I was working on this deal,” she said. The sellers were the children of the original developer of the buildings, according to the brokers. “The two brothers both really liked my buyer,” Blumberg said. “He owns properties all over and they related to him.”
Deals & DealmakersFeatured

JLL lands two assignments

REW Staff
by REW Staff1353
Jones Lang LaSalle has been tapped to lease two major office buildings in Midtown Manhattan. RXR Realty LLC and Walton Street Capital LLC selected JLL to lease 237 Park Avenue, the Class A office building formerly known as Park Avenue Atrium. TIAA-CREF selected JLL as the exclusive agent and property manager for 475 Fifth Avenue, a 280,000 s/f, Class A office building overlooking Bryant Park. The JLL team handling the leasing assignment at 237 Park Avenue includes Paul N. Glickman, Mitchell Konsker and Mitti Liebersohn, and Cynthia Wasserberger.
Deals & DealmakersFeatured

Simon Baron buys Long Island City site for $54 million

REW Staff
by REW Staff1034
Simon Baron Development, SBD, announced it has signed a contract to purchase a Long Island City site that will be turned into a 44-story, 400-unit residential rental building. A formal closing is expected in April so no price was officially disclosed yet, although sources say it is around $54 million. SBD President Matthew Baron is acquiring the 400,000 sq. ft. site near Queens Boulevard from Simon Dushinsky’s Rabsky Group, which had started to develop the site with several vacant buildings at 29-26 Northern Boulevard, since purchasing the lot for $35 million last fall.
Global media giant snags Penn space
Deals & DealmakersFeatured

Global media giant snags Penn space

REW Staff
by REW Staff820
Global media giant Publicis Groupe has signed a 114,000 s/f lease at Vornado’s One Penn Plaza. Ken Ruderman and Brad Wolk from Studley arranged the turn-key deal, which was initially crafted as a sublease between their client, Direct Brands, Inc. and the global media conglomerate.
Deals & DealmakersFeatured

Big, bold and messy; Things Melissa Burch loves about real estate

Sarah Trefethen
by Sarah Trefethen2604
Melissa Román Burch, the EVP in charge of residential and commercial development at Forest City Ratner, has no problem with big, complicated, decades-long development projects. “I love the messiness of it,” she said. “I love the need to be nimble, and the need to be sure that you have a lot of options because it’s important to keep a lot of balls in the air.”
Simon scoops up UES rental
Deals & DealmakersFeatured

Simon scoops up UES rental

REW
by REW1060
A coveted pre-war rental building on the Upper East Side has been sold for $105 million. Simon Baron Development bought the 65-unit Rosario Candela-designed building at 12 East 88th Street, which it plans to convert to luxury condos. “I think the neighborhood is just one of those pre-eminent classic neighborhoods...
Brokers WeeklyFeatured

Actress starts her second act

Holly Dutton
by Holly Dutton
Christine DeLisle By Holly Dutton Citi Habitats agent Christine DeLisle is trading Hollywood for New York City real estate. DeLisle, a rookie agent who started … Continued