Helping hands set to applaud Silverstein
Larry Silverstein, president and CEO of Silverstein Properties, will be the honoree at The Realty Foundation of New York’s 59th annual luncheon on April 18.
Category : Featured
Keepsake client takes brokers on buy binge
Some client relationships take years of development before they bear fruit. Just ask Christopher Halliburton and Brandon Himmel of D.H.S. Development Corp. and The Corcoran Group. Tuck-it-Away Mini Storage and its owner, Nicholas Sprayregen, made headlines when Sprayregen fought an eminent domain battle for years to keep his 80,000 s/f flagship property at 3261 Broadway in Upper Manhattan from transferring to the ownership of Columbia University.
City Connections makes retail move
City Connections Realty, a commercial and residential real estate agency led by David Schlamm, has hired Steve Asch as its director of leasing. His responsibilities will include managing and growing the retail leasing division by mentoring retail brokers currently at the firm and recruiting others, as well as consulting for both tenants and landlords. Asch comes to CCR with over 35 years of retail leasing experience starting at Garrick-Aug after which he co-founded New Spectrum, a retail brokerage powerhouse, in the 1980s.
ABS Partners announces merger with PBS Real Estate
John Brod and his team from PBS Real Estate has joined ABS Partners Real Estate, ABS announced today. The announcement comes just days after PBS co-founder Laura Pomerantz announced she has left to start her own firm.
Apartment recovery taking root as spring sales skyrocket
Following a flurry of sales at the tail end of 2012, entry and mid-level price range apartment contract activity is on fire.
Developers to mayoral candidates: Don’t turn city into Twilight Zone
When Democratic mayoral candidate and City Council Speaker Christine Quinn gave her ‘State of the City’ speech in February, she took painstaking time to outline four specific initiatives she would implement to keep housing affordable in New York City, particularly in Manhattan. Immediately afterward, her rival, Public Advocate Bill di Blasio, held his own press conference on the steps of City Hall, describing her affordable housing plan as “a gift” to developers. Going beyond the political war of words, there are other varying viewpoints that will most likely find their way into the public debate as the mayoral race heats up.
Pomerantz launches own firm
Veteran broker Laura Pomerantz, formerly a principal and founding partner of PBS Real Estate, has struck out on her own. Laura Pomerantz Real Estate officially launched Monday. The new company’s founder started seriously considering the move in the fourth quarter OF last year, and made the final decision in January.
Garden City retail units sell for $66.2 million
Metropolitan Realty Associates and its longtime joint-venture equity partner, Angelo, Gordon & Co. have announced the $66.25 million sale of the retail condominiums at 711 Stewart Ave. in Garden City to N.J.-based Hampshire Companies.
MSG to city: We ain’t goin’ nowhere
Madison Square Garden may be in the final phase of a $980 million interior renovation, but that hasn’t stopped the Municipal Arts Society and the Regional Plan Association from suggesting that the “World’s Most Famous Arena” be relocated from the space it has held since 1968. The Garden move, MAS says, will allow Penn Station, which sits underneath, to be overhauled and returned to its former glory as an above ground terminal. But a spokesperson for Madison Square Garden told Real Estate Weekly that a move is not something seen on the immediate horizon.
ESB stakeholders cling to ‘heirlooms’
The initial public offering for the Empire State Building could be in jeopardy if a Supreme Court judge presiding over the case decides in favor of stakeholders who are against forming a REIT. Malkin Holdings LLC — which manages the portfolio — has said it will buy out investors at $100 for every $10,000 they paid for a stake in the world famous office building if they don’t vote in favor of REIT formation. Now Justice O. Peter Sherwood has to decide whether that is even legal.