PDE opens office in long Island City
Prudential Douglas Elliman has become the first major residential firm to open a Long Island City office. Located at 4737 Vernon Boulevard, the new office … Continued
Category : Featured
Top producing Studley broker Greg Taubin says he never takes anything for granted
By Al Barbarino Greg Taubin, 39, has a new title at Studley – executive managing director. It’s exciting for him, but it’s nothing new. His title has changed six times since he joined the firm 18 years ago, he said. His first title – summer intern – is certainly one of the more memorable ones.
Meridian Capital Group arranges $127 loan for Cleveland office tower
By Al Barbarino Harbor Group International received a $127 million loan from J.P. Morgan Chase for a Class A office building located at 200 Public Square in Cleveland, Ohio, according to Meridian Capital Group, the real estate firm that negotiated the deal. The 10-year CMBS loan – handled by Aaron Birnbaum, EVP at Meridian, and Ronnie Levine, the firm’s managing director – was used to refinance the property’s existing CMBS financing, according to a statement from the firm.
Boom time again for rental market as numbers rise
By Al Barbarino Manhattan rents nudged closer to their all-time high last month with the average rent hitting $3,376, according to Citi Habitats. The firm’s monthly rental market report for February 2012 put the average Manhattan apartment rented up 5% from a year ago and a mere $18 dollars off the market peak of $3,394 during Mary 2007.
We’re in this together, say economic leaders
By Al Barbarino Three leading state and city economic leaders convened this week to outline the region’s post-recession strategy – and to defend some of the city government’s initiatives. Speaking at REBNY’s “New York’s Economic Development Leaders” luncheon at the Hilton New York on Thursday, Seth Pinsky, president of the New York City Economic Development Corporation; Kenneth Adams, president and CEO of the Empire State Development Corporation; and Patrick Foye, executive director of the New York and New Jersey port authorities, discussed New York’s economic future with moderator Charles Bagli of the New York Times.
New plan could turn commercial building trash into green treasure
By Al Barbarino Commercial building owners could soon have a green alternative to disposing of their trash the old-fashioned way. Mayor Bloomberg issued a Request for Proposals this week to build a state of the art facility to convert waste to clean energy using only the latest technologies. The facility will be built within 80 miles of New York City and would initially process a maximum of 450 tons of waste per day.
Schools shortage only going to get worse, says economist
City planners need to go back to the black-board and come up with a plan to build more schools to keep pace with luxury condo development. That's the view of at least one economist who says even new schools coming online are classed as overcrowded the day they open. “Not only has stroller traffic increased, but school enrollment has soared and overcrowding has ensued, particularly in neighborhoods where new development is heavily concentrated,” said Barbara Byrne Denham, chief economist at real estate services firm Eastern Consolidated.
Villard Mansion takes a bow on the market
By Liana Grey Last week, Howard Dolch and Robin Abrams of Lansco Corporation began marketing six stories of retail space at Villard Mansion, a 130-year-old structure on Madison Avenue and 50th Street that houses the New York Palace Hotel and the acclaimed restaurant, Gilt. Never before has such a large chunk of retail space been available in the mansion’s north wing, which encompasses 27,265 s/f. Until 2009, the Municipal Arts Society leased much of the north wing from former New York Palace owner Harry Helmsely, using it as office and exhibition space.
Adam Frazier is Rookie of the Year
The Real Estate Board of New York (REBNY) honored Adam Frazier, leasing manager at Boston Properties, with the Most Promising Commercial Salesperson of the Year Award at last week's Members’ Luncheon. Frazier is the 15th award winner to be inducted into REBNY’s “Circle of Winners” group since the creation of the award in 1996. As Most Promising Commercial Salesperson of the Year Award, he receives a one-year seat on the REBNY Board of Governors and lifetime membership of REBNY’s Circle of Winners group, which meets four times a year for a private dinner with top industry leaders.
Town criers
2 Cider Mill Circle in Armonk By Liana Grey Several years ago, Alison Bernstein founded Suburban Jungle Realty, a consulting firm that matches Manhattanites with … Continued