Monthly Archives: March 2012

NEW YORK CITY, NY - March 9, 2012 - (RealEstateRama) -- Perseus Books Group has consolidated its operations in New York City into a single property: 250 West 57th Street, where it has expanded its occupancy from 6,800 square feet to the entire 15th floor of 26,104 square feet, announces Anthony Malkin, president of Malkin Holdings LLC, which supervises W&H Properties.

NEW YORK, NY - March 8, 2012 - (RealEstateRama) -- Despite the currently cautious mood in most global property investment markets, a stronger second half of the year is expected with a potential 20% hike in activity levels forecast, driven by increased confidence and a release of pent-up investor and tenant demand, according to Cushman & Wakefield’s latest research, the International Investment Atlas 2012, released today.

NEW YORK, NY - March 8, 2012 - (RealEstateRama) -- RKF recently completed the $6.6 million sale of the 3,496-square-foot retail condominium at 127 Seventh Ave., located in the Yves, a 14-story residential building located on the southeast corner of 18th Street in Chelsea. The retail condominium, which is fully leased to CORE Group Marketing, consists of 2,064 square feet on the ground floor and 1,432 square feet on the lower level.

NEW YORK, NY - March 8, 2012 - (RealEstateRama) -- El Ad US Holding, Inc. has appointed Baruch Itzhak as Controller, it was announced today by CEO Udi Erez. “Baruch is a highly regarded finance professional with impeccable experience,” Erez stated.

NORWALK, CT - March 8, 2012 - (RealEstateRama) -- Paramount Transportation Systems, a world leader in managing relocations for corporate employees, has signed an early renewal of its lease at Malkin Properties’ MerrittView, according to Jeffrey H. Newman, executive vice president of Malkin Properties, the marketing and managing agent for the building.

New York, NY - March 7, 2012 - (RealEstateRama) -- Sorgente Group announced today the closing of 34 Greene Street’s final three apartments in a $19 million sale. The contract was finalized in just five days and the closing happened shortly thereafter, making it one of the fastest closings since the recession hit. 34 Greene Street is an exclusive collection of six full-floor condominiums, plus one duplex penthouse, housed in a combination of two historic cast-iron buildings on one of SoHo’s most charming blocks. The transaction includes the duplex penthouse and two apartments occupying the entire 4th floor.

Torrance, CA - March 7, 2012 - (RealEstateRama) -- Lee & Associates NYC, representing Sweden’s Kunskapsskolan schools, negotiated a 10-year lease for 15,000 square-feet on the third floor at 38 Delancey Street on the Lower East Side. Innovate Manhattan, a charter middle school, which includes grades 5 through 8, is the company’s first leased school in the U.S.

NEW YORK, NY - March 7, 2012 - (RealEstateRama) -- The Laurel Condominium, located on the Upper East Side, reports brisk activity with over $23 million in sales in February. The building is experiencing tremendous interest, especially on the two and three bedrooms that have garnered prices of over $2,000 per square foot. The rapid February sales are attributed to The Laurel’s elegant design, unique amenity offering and the limited availability of Upper East Side new development properties. With one and four bedrooms sold out, the remaining inventory includes high floor two and three bedrooms with 10 foot ceilings and with expansive city views from floor to ceiling windows priced from $2,900,000.

New York, NY - March 7, 2012 - (RealEstateRama) -- Syracuse NY realtors warmly extend their felicitations to Ms. Judith Mower, this year’s recipient of the Wisdom Keeper award. The awarding ceremony will take place at the Nicholas J. Pirro Convention Center at 800 S State Street on April 4, 2012. The event will commence at 5:00 p.m. and end at 8:00 p.m.

EUGENE, OR - March 6, 2012 - (RealEstateRama) -- Empire Access MLS (EAMLS) listings are displayed with ease and accessibility to all, on the IDX enabled website of Michele Silverman Bedell. IDX, Inc. had provided thousands of agents and brokers around the country with the dynamic IDX Broker software, allowing real estate professionals to create unique and thorough websites and search pages. As a member of the EAMLS, Bedell has long had access to thousands of area property listings. Now, thanks to the innovative IDX solution Bedell hosts, her clients can experience a level of accessibility once reserved only for agents and brokers. Never before has it been easier for Bedell to supply EAMLS listing data instantly and effortlessly to her clients.

New York, NY - March 6, 2012 - (RealEstateRama) -- Whereas real estate condo developers in the past focused on apartments for singles and couples, they are lately rethinking their strategies and changing layouts to create three-, four- and even five-bedroom apartments. According to one recent report, sales of large New York City condos exploded in the past five years, with three-bedroom apartment sales quadrupling and four-bedroom apartments tripling.

NEW YORK, NY - March 6, 2012 - (RealEstateRama) -- Jones Lang LaSalle has been selected by IAC as the exclusive global real estate advisor for the company’s real estate needs worldwide.

New York, NY - March 6, 2012 - (RealEstateRama) -- In a whirlwind of offers and counter-offers, Lee & Associates NYC has closed on a 47-month, 22,000-square-feet sublease in one of New York City’s prime locations at 600 Madison Ave. Located in the heart of the Plaza District, the sublease was negotiated and executed in one week.

NEW YORK, NY - March 6, 2012 - (RealEstateRama) -- Ariel Property Advisors has been retained to sell a vacant, six-parcel development site at 148-46 Hillside Avenue near the vibrant downtown Jamaica regional business district in Queens. The asking price is $5.75 million.

New York, NY - March 6, 2012 - (RealEstateRama) -- Halstead Property Development Marketing today announced that 90% of the units are sold at 88 Morningside, a premier residential development in Harlem. Located on the corner of Morningside Avenue and West 122nd Street, 88 Morningside is a modern 12-story residential building the provides buyers with spectacular views of adjacent Morningside Park, as well as the Manhattan skyline. The six remaining units include one-bedroom, one-bathroom homes, ranging in price from $425,000 - $470,000.

New York, NY - March 6, 2012 - (RealEstateRama) -- Almanac Realty Investors, a leading provider of growth capital to public and private real estate companies, announced that Andrew M. Silberstein has been named partner.

NEW YORK, NY - March 5, 2012 - (RealEstateRama) -- RKF, the leading independent real estate firm in retail leasing, investment sales and consulting services, has announced four promotions for brokers in its New York office.

New York, NY - March 5, 2012 - (RealEstateRama) -- Blesso Properties has named Albert Price president and chief operating officer, according to Matthew Blesso, founder and chief executive officer.

NEW YORK, NY - March 1, 2012 - (RealEstateRama) -- Strong fundamentals backed up strong investment sales in Northern Manhattan during 2011, according to Ariel Property Advisors’ Northern Manhattan Fundamentals Report, an overview of residential and retail markets that gives investors a better understanding of today’s revenue drivers affecting investment property values uptown.

NEW YORK CITY, NY - March 1, 2012 - (RealEstateRama) -- Cushman & Wakefield has been appointed the leasing and managing agent of W&H Properties’ 501 Seventh Avenue, effective today, announces Anthony Malkin, president of Malkin Holdings, which supervises W&H Properties.