BGC Newmark buys Grubb & Ellis
BARRY GOSIN BGC Partners, Inc. , the global financial services firm which acquired Newmark Knight Frank in October 2011, announced that it has agreed to acquire substantially all … Continued
Category : Featured
Game-changing development will bring schools, affordable housing to kids and their teachers
Ron Beit with Newark schoolchildren at the groundbreaking for Teachers Village. Some of the biggest names in politics, finance and real estate broke ground on … Continued
Reuveni closes on $16.4M sale at 15 USW
The best things come to those who wait ... just ask Shlomi Reuveni and his team from Brown Harris Steven SELECT. They just closed on their most expensive deal yet at 15 Union Square West. A combined penthouse and upper unit were sold to an unnamed buyer for a whopping $16,445,025. The new owner plans to combine the units to create an über-home of 5,311 s/f with six bedrooms and a 1,385 s/f wraparound terrace.
Hot northeast market spurs M&M growth
By Al Barbarino Marcus & Millichap Real Estate Investment Services has raised its flag in White Plains, NY. The firm opened shop at 50 Main Street last month, assuming control of a former Sperry Van Ness franchise office. For J.D. Parker, vice president with Marcus & Millichap and regional manager of the new office, the expansion made all the sense in the world. “That location is perfect,” he said. “It will allow us to have a flag in the market that we’ve been working in for over ten years. We had a number of agents coming over from other offices to service that area, so it was a natural progression.”
Famous Dave’s leases former Times Square theater
Andrew A. Pittel & Company, LLC has filled the final space in Forest City Ratners 42nd Street Entertainment Center. Pittelco leased the Grande Dame of Time Square, the 100 year old, 25,000 s/f Beaux-Arts Liberty Box Theater to Famous Dave’s BBQ/Times Square Hospitality Group. It is located at 234 West 42nd Street between 7th and 8th Avenue. This marks the sixth Famous Dave’s opening in New York and the second in New York City.
Emmes Group sells $70M portfolio to Parkoff Org.
By Al Barbarino Emmes Asset Management Group has sold a $70 million trio of assets to a Long Island-based developer. City records show that the privately owned investment company sold properties at 256-260 West 23rd Street, 661 Lexington Avenue (135 East 55th Street) and 177 Dyckman Street to The Parkoff Organization on Jan. 10 for $35, $25 and $10 million, respectively.
Elghanayan joins PDE
Prudential Douglas Elliman announced that Madeline Hult Elghanayan, wife of TF Cornerstone chairman Thomas Elghanayan, has joined the company. Elghanayan is leaving the Corcoran Group to join PDE as senior vice president based at the firm’s East Side flagship office at 575 Madison Avenue. “Madeline has an edge that you don’t see in this business everyday” said Dottie Herman, President and CEO of Prudential Douglas Elliman.
Coben serving up the very best in restaurant, hotel designs
Glen Coben By Al Barbarino When architect Glen Coben looks at a restaurant, he sees a triangle. “The triangle has three sides and the sides … Continued
Hungry for deals, Shafran gets taste for independence
Timour Shafran By Al Barbarino In 1992, Manhattan native Timour Shafran was a hungry, young broker in his early twenties, putting long hours in at … Continued
Tenants fight Stahl plans to demolish their homes
Plans to demolish 190 units of low-income housing on the Upper East Side have a local real estate company pitted against preservation activists. Stahl Real Estate Company and the Friends of the Upper East Side Historic Districts are offering differing estimates of the rental value of the property.