Yearly Archives: 2011

New York, NY. - September 6, 2011 - (RealEstateRama) -- International law firm Nixon Peabody LLP has expanded its Tax Credit Finance and Syndication practice in New York City with the arrival of two partners Alan S. Cohen and Mark A. Kreitman, associate Amy Curry, and paralegal George Steiner. Mr. Cohen and Mr. Kreitman most recently led Paul Hastings’ affordable housing tax credit practice.

New York, NY - September 6, 2011 - (RealEstateRama) -- Savanna, a New York-based real estate private equity and asset management firm, today announced the signing of four new office leases totaling 15,500 square feet at 5 Hanover Square, bringing the building’s occupancy to 82 percent. The 25-story, 333,000-square-foot multi-tenant office building in Manhattan’s Financial District is in the final stages of a comprehensive capital improvement plan. Savanna has leased 35,000 square feet of space since acquiring the Property in September 2010.

NEW YORK CITY, N.Y. - September 6, 2011 - (RealEstateRama) -- A $10.2 million construction loan has been funded by Hudson Realty Capital LLC, a New York City-based real estate fund manager. The sponsor will utilize the multi-tranche loan to proceed with site demolition and construction of a 23,306-square-foot mixed-use building in SoHo.

NEW YORK CITY, N.Y. - September 6, 2011 - (RealEstateRama) -- A $10.2 million construction loan has been funded by Hudson Realty Capital LLC, a New York City-based real estate fund manager. The sponsor will utilize the multi-tranche loan to proceed with site demolition and construction of a 23,306-square-foot mixed-use building in SoHo.

New York, NY - September 5, 2011 - (RealEstateRama) -- On July 20, 2011, as part of a historic initiative to transform New York State's model for economic development and job creation, Governor Cuomo announced that up to $1 billion in economic development funding would be made available through a Consolidated Application Process (CFA). Beginning September 2, 2011, the NYS Consolidated Funding Application (CFA) is available to eligible applicants, marking a fundamental shift in how economic development resources are allocated. The CFA will serve as a more efficient and effective tool to streamline and expedite the State's efforts to generate sustainable economic growth and employment opportunities across the state.

PATCHOGUE, NY - September 5, 2011 - (RealEstateRama) -- Suffolk County homeowners and businesses still may be eligible for Individual Assistance (IA) aid from the Federal Emergency Management Agency (FEMA) for damage caused by Tropical Storm Irene, Congressman Tim Bishop announced today. FEMA has already approved Suffolk County for Public Assistance (PA) disaster aid, under which state and local governments can be reimbursed for costs incurred in responding to the storm.

PATCHOGUE, NY - September 5, 2011 - (RealEstateRama) -- Congressman Tim Bishop applauded the decision by FEMA to expand eligibility for Individual Assistance (IA) grants to Suffolk County homeowners and businesses who suffered damage from Tropical Storm Irene. Bishop appealed directly to President Obama for Suffolk to receive IA due to the severe damage to private property in coastal areas.

NEW YORK, NY - August 31, 2011 - (RealEstateRama) -- Jones Lang LaSalle data demonstrates the groundwork has been laid for Lower Manhattan’s next great transformation 10 years past the September 11 tragedy. Having weathered a volatile economy and ongoing cycles of recovery, rebuilding and consolidation, Lower Manhattan is poised to capture demand not witnessed since the beginning of the previous century. According to Jones Lang LaSalle’s report, “Lower Manhattan 10 Years Later,” although the historic district remains the home of Wall Street, local government, professional services, media and technology firms will occupy a greater share of Lower Manhattan office space going forward.

New York, NY - August 30, 2011 - (RealEstateRama) -- Keller Williams NYC (www.kwnyc.com), the Manhattan franchise of leading real estate company Keller Williams Realty Inc., today announced the appointment of Ronnie Cohen as a licensed real estate salesperson

NEW YORK, NY - August 30, 2011 - (RealEstateRama) -- Halstead Property Development Marketing and West 147th Associates LLC, the developers of PS90, today announced a new tuition incentive of $1,000 per unit for buyers who sign new contracts by September 30th.

WESTBURY, N.Y. - August 26, 2011 - (RealEstateRama) -- A private New York City-based company has acquired 1600 Stewart Avenue, a 220,000-square-foot office building. Cushman & Wakefield, Inc.'s Metropolitan Area Capital Markets Group (CMG) represented the undisclosed seller and procured the buyer.

WASHINGTON, DC - August 25, 2011 - (RealEstateRama) -- The U.S. Department of Housing and Urban Development (HUD) is charging RiverBay Corporation, a housing cooperative located in the Bronx, and two of its employees with violating the Fair Housing Act for denying a disabled man’s reasonable accommodation request. HUD brings the charge on behalf of the disabled tenant, claiming that RiverBay refused to allow the tenant to have a medically prescribed emotional support animal and that the cooperative’s security officers harassed the tenant because of the service animal.

NEW YORK, NY - August 25, 2011 - (RealEstateRama) -- Jones Lang LaSalle announced its New York Capital Markets team has closed the sale of 1552 Broadway for the Riese Organization. A joint venture of SL Green and Wharton Acquisitions purchased the 15,000-square-foot retail property for $136,550,000.

NEW YORK CITY, N.Y. - August 25, 2011 - (RealEstateRama) -- Hudson Realty Capital LLC, a Manhattan-based real estate fund manager specializing in the middle market, has funded a $5.65 million DPO loan for a 14,000-square-foot mixed-use loft building in New York City. The sponsor is utilizing the proceeds to refinance and renovate the five-story building located in the heart of the city’s Tribeca neighborhood.

NEW YORK CITY, NY - August 25, 2011 - (RealEstateRama) -- The Empire State Building and Walgreens have completed a transaction to benefit the building’s neighborhood, tenants, and visitors to its world-famous Observatories. Walgreens, the nation’s largest drugstore chain, has just renewed its lease on the ground floor of the building’s corner at Fifth Avenue and 33rd Street, and exchanged 10,000 square feet on the concourse level of the property for 10,000 square feet on the second floor.

NEW YORK CITY, NY - August 25, 2011 - (RealEstateRama) -- Starbucks has taken the last remaining retail space at W&H Properties’ 1350 Broadway, completing the retail repositioning of the property, announces Anthony E. Malkin, president of Malkin Holdings, which supervises W&H Properties.

New York, NY - August 24, 2011 - (RealEstateRama) -- PCCP, LLC announced today it has provided a $23.75 million senior loan to Bala Cynwyd, PA-based Keystone Property Group. The loan facilitated the recapitalization of a five-building Class A office complex totaling just over 228,000 square feet within Sentry Park West in Blue Bell, PA (suburban Philadelphia). Keystone Property Group acquired the property in 2004. Located at 1777 Sentry Parkway West, the asset is situated near two major thoroughfares, the Pennsylvania Turnpike and Interstate 476

NEW YORK CITY, NY - August 22, 2011 - (RealEstateRama) -- Jackobin Consulting Services, Inc., a consultancy firm that provides project management, staffing, and web services for technical companies, has leased 6,500 square feet at 1150 Avenue of the Americas, according to Corey Abdo, executive vice president and principal of Winoker Realty.

NEW YORK CITY, NY - August 22, 2011 - (RealEstateRama) -- The former home of Oceana restaurant at 55 East 54th Street off Madison Avenue has been leased on a long-term basis to a partnership that – after a nearly two-year search – plans to turn the 8,300-square-foot space into a striking new four-level Mediterranean food destination. Sierra Realty Corp.’s Executive Vice President Peter Braus and Managing Director Brad Schwarz represented the landlord, and Gregory Tannor of CBRE represented the tenant

NEW YORK CITY, NY - August 22, 2011 - (RealEstateRama) -- Sierra Realty Corp. has increased its focus on the property management segment of its business of late, and results have been fruitful in both Manhattan and the surrounding boroughs, according to Sierra President James Wacht.

NEW YORK, NY - August 22, 2011 - (RealEstateRama) -- The Children’s Museum of the Arts (CMA) will open its new, expanded space at 103 Charlton Street on Oct. 1, 2011. The 10,000-square-foot former loading dock, located in the Hudson Square neighborhood west of SoHo, will triple the museum’s size and enable it to dramatically expand its arts programming.

New York, NY - August 22, 2011 - (RealEstateRama) -- Keller Williams NYC (www.kwnyc.com), the Manhattan franchise of leading real estate firm Keller Williams Realty Inc., has announced the appointment of Dudi Silberberg, Founder of the DS Group, as a licensed real estate salesperson.

EUGENE, OR - August 19, 2011 - (RealEstateRama) -- Jennie Ng and IDX, Inc. have joined forces to bring new levels of ease and accessibility to the Bronx, New York home search, by enabling a custom IDX solution onto her professional website. As a real estate broker, Ng has long had access to thousands of detailed property listings through the Westchester-Putnam (WPMLS)/Long Islan (MLSLI). Now, her clients can experience and view detailed proerty listings that were once solely reserved for real estate agents and brokers. Ng's IDX-synced website allows potential New York buyers to explore the database on their terms. Ng had made the right decision for her business and her clients by enabling an IDX solution for her website.

New York , NY - August 18, 2011 - (RealEstateRama) -- Rose Associates, Inc. recently signed a 15-year lease with Potbelly at the Metropolis, a property located at 150 East 44th Street in Manhattan. The popular sandwich maker is now open and operating in the 2,462-square-foot space, which was formerly occupied by Benvenuto Café and is adjacent to a Chipotle restaurant.

New York, NY - August 17, 2011 - (RealEstateRama) -- Keller Williams NYC (www.kwnyc.com), the Manhattan franchise of leading real estate firm Keller Williams Realty Inc., has announced the appointment of GieFaan Kim as associate broker for the Bracha Group