Yearly Archives: 2011

New York, NY - August 17, 2011 - (RealEstateRama) -- Faris Lee Investments, the nation’s largest retail-specialized investment sales and advisory firm, along with Faris Lee Capital, has completed the $18 million recapitalization of a 200,000-square-foot retail center in Normal, IL on behalf of the owner, The Dial Companies, a large Midwest developer. Built in 2007, the center’s anchor tenants include Schnucks Grocery and a 14-screen Starplex Theater. The center is currently 70 percent occupied and has 12 outparcels available for future sale, lease or development

New York, NY - August 16, 2011 - (RealEstateRama) -- Keller Williams NYC (www.kwnyc.com), the Manhattan franchise of leading real estate company Keller Williams Realty Inc., today announced it has grown to 100 agents since active hiring began in April.

NEW YORK, NY - August 16, 2011 - (RealEstateRama) -- This morning, Justice John M. Galasso of the Nassau County Supreme Court issued a sweeping order shutting down one of New York’s largest mortgage scam operations pending trial. The order is the most substantial victory to date in a year-long legal campaign against “loan modification scams” in New York and nationwide.

New York, NY - August 15, 2011 - (RealEstateRama) -- Keller Williams NYC (www.kwnyc.com), the Manhattan franchise of leading real estate firm Keller Williams Realty Inc., has appointed Neil Jordaan as a licensed real estate salesperson.

New York, NY - August 15, 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.

New York, NY - August 12, 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 Yuki Watanabe as a licensed real estate salesperson.

WASHINGTON, D.C. - August 12, 2011 - (RealEstateRama) -- Finance Commissioner David M. Frankel and Small Business Services Commissioner Robert W. Walsh today announced a new program aimed at granting business and residential tenants access to information about refunds that they could be entitled to.

New York, NY - August 11, 2011 - (RealEstateRama) -- Kent M. Swig, President of Swig Equities, LLC, is pleased to announce that Jonathan J. Dean has been appointed Senior Vice President and Director of Commercial Leasing. Mr. Dean brings 25 years of commercial real estate experience in New York City from such top tier firms including Cushman & Wakefield and Jack Resnick & Sons.

New York, NY - August 11, 2011 - (RealEstateRama) -- Kent M. Swig, President of Swig Equities, LLC, is pleased to announce that William Hodel has been appointed Property Manager at Swig Equities. In his new position, Mr. Hodel will direct the overall day-to-day operations of several of the commercial high-rise office buildings in the company’s FiDi (Financial District) portfolio. He will also serve as a liaison for the company in overseeing tenant relations and will coordinate all tenant construction and major building projects.

New York, NY - August 10, 2011 - (RealEstateRama) -- Keller Williams NYC (www.kwnyc.com), the Manhattan franchise of leading real estate firm Keller Williams Realty Inc., today announced the appointment of Olga Alexakos as Senior Vice President and Director of Greek Property Services.

NEW YORK, NY - August 9, 2011 - (RealEstateRama) -- Jones Lang LaSalle has completed a lease renewal and expansion for ABN AMRO Holdings USA LLC with SL Green Realty Corp. at 100 Park Avenue. The bank signed an 11-year lease for a total of 32,259 square feet at the 825,815-square-foot, Class A office building.

New York, NY - August 4, 2011 - (RealEstateRama) -- Cogswell Realty, LLC, a Manhattan-based real estate firm that owns, manages and develops commercial and residential properties in the New York Metropolitan Area, and Halstead Property Development Marketing today announced the launch of sales at 2130 Adam Clayton Powell, a new residential development in Harlem

NEW YORK CITY, N.Y. - August 4, 2011 - (RealEstateRama) -- A consortium led by Hudson Realty Capital LLC, a Manhattan-based real estate fund manager, has won the FDIC Small Investor Program (SIP) RADC structured-sale. The group acquired a $139 million Colorado portfolio of 97 acquisition, development and construction (ADC) loans in partnership with the Federal Deposit Insurance Corporation (FDIC). Hudson is partnering with Soundview Real Estate Partners of Stamford, Conn., and JCR Capital Investment Corp. of Denver, Col., in the joint acquisition.

NEW YORK, NY - August 4, 2011 - (RealEstateRama) -- ADG Langsam and Halstead Property Development Marketing announced today that 27 contacts have gone out in just seven weeks at ONE48, a new residential condominium located at 148 East 24th Street. With 11 contracts fully executed, 20% of the building’s units have been sold in just nine weeks on the market, signaling that the development’s offering plan has been declared effective by The New York State Attorney General’s Office.

New York, NY - August 4, 2011 - (RealEstateRama) -- Keller Williams NYC (www.kwnyc.com), the Manhattan franchise of leading real estate firm Keller Williams Realty Inc., has hired Carolina Tejada as a licensed real estate salesperson.

NEW YORK, N.Y. - August 3, 2011 - (RealEstateRama) -- Hudson Realty Capital LLC, based in New York City, has provided $13.1 million in note acquisition financing ultimately secured by a power retail center located in central Mississippi. “Although several finance companies maintain that they offer note-acquisition financing, Hudson has actually been funding many of these transactions during the last 12 months. Past experience in this area is imperative since these deals are very dynamic and can take numerous unexpected twists and turns,” said Spencer Garfield, managing director. “Hudson has developed a comprehensive program to offer our borrowers the flexibility they need to effectuate their business plan while giving us the security we require.”

NEW YORK, N.Y. - August 3, 2011 - (RealEstateRama) -- Sabey Data Center Properties has acquired a principal condominium interest encompassing 29 floors of the 32-story building at Manhattan's 375 Pearl Street, commonly known as the Verizon Building, for $120 million. Sabey was represented in the transaction by Sean Brady of the East Rutherford, N.J. office of Cushman & Wakefield, Inc., and Jeffrey Heller of the firm's Midtown New York office. Youngwoo & Associates, Sabey’s local partner, was represented by Ron Solarz of Eastern Consolidated. Sellers M&T Bank and Taconic Investment Partners were represented by C.B. Richard Ellis.

New York, NY - August 3, 2011 - (RealEstateRama) -- Paramount Group, Inc., New York’s largest privately held international real estate investment and management firm, has recapitalized a 49 percent interest in its 1633 Broadway office tower. Affiliates of Morgan Stanley and Bank of America have exited the partnership and have been replaced by affiliates of Beacon Capital Partners, LLC and Paramount Group Real Estate Fund IV. SL Green Realty Corp. (NYSE:SLG) acquired a preferred equity interest as well. Paramount Group Real Estate Fund I retains its 51 percent controlling interest in the 2.5 million- square-foot Class A office tower where Paramount Group is headquartered. The prestigious tenant roster includes, Allianz, Time Warner, Deloitte LLP, Morgan Stanley, Dickstein Shapiro and Kasowitz, Benson, Torres & Freedman LLP

August 2, 2011 - (RealEstateRama) -- PREET BHARARA, the United States Attorney for the Southern District of New York, announced that MICAH MEYERS was sentenced today in Manhattan federal court to 60 months in prison for his role in a sub-prime mortgage fraud scheme involving dozens of residential mortgages that totaled more than $10 million. MEYERS previously pled guilty to one count of conspiracy to commit bank and wire fraud on May 27, 2010. His sentence was imposed by United States District Judge DEBORAH A. BATTS

New York, NY - August 2, 2011 - (RealEstateRama) -- Keller Williams NYC (www.kwnyc.com), the Manhattan franchise of leading real estate firm Keller Williams Realty Inc., has appointed Brandee Song as Associate Broker. As the founder of S Group Realty, she specializes in working with Korean investors looking to buy and sell property in New York City.

CHICAGO, IL - July 28, 2011 - (RealEstateRama) -- Jones Lang LaSalle Hotels today reported that the volume of hotel investment transactions that closed in the Americas market in the first six months of 2011 reached $7.4 billion—a robust increase of approximately 180 percent on the same prior-year period. The numbers represent preliminary totals from Jones Lang LaSalle Hotels’ Hotel Investment Highlights Americas report due to be released later this month. The firm’s research tracks hotel asset transactions in excess of $10 million, and excludes note sales, recapitalizations and foreclosures.

NEW YORK, NY - July 27, 2011 - (RealEstateRama) -- Jones Lang LaSalle has completed a new direct lease for building owner Eastgate Realty with Cerberus Capital Management LP at 875 Third Avenue. The private investment firm signed a 10-year lease for 110,000 square feet at the Class A, 720,000-square-foot office building.

NEW YORK, NY - July 27, 2011 - (RealEstateRama) -- Rosen Seymour Shapss Martin & Company LLP signed a 15-year renewal for 44,851 square feet at the Class A, 457,250-square-foot office building.

NEW YORK, NY - July 25, 2011 - (RealEstateRama) -- Halstead Property Development Marketing and West 147th Street Associates LLC, an affiliate of L+M Development Partners, Inc., today announced that 80% of the units are closed or under contract at PS90, a premier residential development in Harlem.

NEW YORK, NY - July 25, 2011 - (RealEstateRama) -- Halstead Property Development Marketing today announced that it has been named the exclusive sales and marketing agent for 109 Gold Street in DUMBO, Brooklyn.