Category : Featured

By Sarah Trefethen Student pranksters are getting into real estate. 41 Cooper Square is NOT for lease, college officials say. New York news outlets on … Continued

Rosemary Scanlon has been named divisional dean of the NYU Schack Institute of Real Estate, a division of the NYU School of Continuing and Professional Studies (NYU-SCPS). Scanlon, who has served as interim divisional dean since October 2011, will also remain a clinical associate professor of economics. “In the six months in which she has served as interim divisional dean, and in the years she has been on the NYU Schack faculty, Rosemary has contributed greatly to the School and to the Institute,” said Dennis Di Lorenzo, vice dean and co-interim dean of NYU-SCPS. “We are fortunate to have an accomplished leader of Rosemary’s stature establishing priorities and setting the future direction of the NYU Schack Institute."

By Al Barbarino When Michael T. Cohen looks at his floor of brokers, he sees a group of clients. While increasing revenues and gaining new business are as important to the president of the New York Tri-State Region at Colliers International as they are to the next executive, it’s the retention of his “clients” that matters most.

By Al Barbarino A New York State appeals court ruled this week that real estate developer Laurence Gluck lawfully destabilized Tribeca’s Independence Plaza North in 2004. The ruling ends a years-long legal battle with tenants who claimed the developer should not have been able to deregulate the 1,328-unit Tribeca building because management continued to receive tax breaks after withdrawing from the city’s Mitchel-Lama affordable housing program. “My clients were obviously gratified by the well-reasoned decision of the appellate court, but at the same time they were somewhat troubled by the tremendous cost incurred to reach a result,” said Magda Cruz, an attorney with the law firm Belkin, Burden, Wenig & Golman. “Eight years of litigation costs a lot of time and money.”

  ABRAHAM HIDARY Manhattan-based commercial real estate owner Hidrock Realty is planning a new hotel a block from the World Trade Center site.   Hidrock, … Continued

A series of game-changers, including super-sized incentives, are helping boost the economic development of the Garden State, members of IOREBA heard last week. Pictured L-R: … Continued

By Al Barbarino While Tom McConnell specializes in some intricate financial dealings as head of Cushman and Wakefield’s Hotel Transaction Group, he never loses sight of his old school roots in the hotel business. In the late 1970’s, following a stint as a bartender after graduating from Brown University, he worked a desk clerk job at the Hotel Viking in his hometown of Newport, Rhode Island. They were “simpler times,” the executive managing director recalled, but it wasn’t easy either. He worked roughly 70 hours a week during peak season, doing everything from checking visitors in to folding sheets before settling into an operations role.

By Sarah Trefethen Some buildings seem to name themselves. When the Whitney Museum leased the top two floors of 300 Park Avenue South, the owners at Rockrose Development Corp didn’t know it was the beginning of a trend, Craig Deitelzweig, head of the Rockrose office division, noted at a broker-party-meets-art-opening last week.

Marriot Courtyard, 92nd Street By Al Barbarino Cushman & Wakefield Sonnenblick Goldman is brokering the sale of two New York City Marriott hotels. The first … Continued

By Sarah Trefethen Timour Shafran Timour Shafran recently brokered a deal on an apartment building in University Heights that he’s sure will prove a profitable … Continued