THE DEAL SHEET
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| Highcap Group's Josh Goldflam sold two Greenpoint, Brooklynproperties: a 12-story, 19-unit high-rise residential building at 200 Franklin St (above) for $12.5M and the four-story, 20-unit walkup apartment building at 93 India St for $3M.***Linuo Power Group purchased the 1M SF, five-building former IBM facility known as the Hudson Valley Technology Campus in East Fishkill for $4.5M. Colliers International's Gerard Hallock andStephen Westerberg, along with Prudential Serls Prime Properties Commercial Group, repped the undisclosed seller. *** Friedman-Roth Realty Services sold the 17-unit, five-story walk-up apartment building at 99 E 7th St for $3.6M. The firm's George Niblock and Eric Lupo brokered the deal. *** Massey Knakal sold a three-story, 2,700 SF mixed-use building at274 Court St, Brooklyn for $1.6M cash. The firm's Ken Freemanexclusively brokered the deal. LEASES Leftfield Pictures of New York signed a 24k SF lease at 460 W 34th St. CBC Hunter Realty's Neil Murray repped the tenant, whileEd Hart repped owner The Kaufman Org. *** New York Cares inked a 18k SF lease at 65 Broadway. Cushman & Wakefield's Carri Lyon repped the tenant, while C&W's Tom Kaufman and Rory Murphy repped owner A.M. Property Holding Corp. *** 386 Park Ave South saw three deals: Global Industries' 11-year, 13k SF lease (tenant rep: CBRE's Matthew Geery and Chris Stack);Dircksen & Talleyrand's 3,000 SF lease; and Compliance Science's 2,000 SF lease (tenant rep: Glenmark Realty's Elsa Gendall). Monday Properties' Jordan Berger repped ownersSavanna and Monday Properties. *** Haver Analytics inked a 16k SF renewal and expansion at One Grand Central Place. Studley's Jeffrey Peck and Gary Kerperrepped the tenant, while Newmark Knight Frank's Billy Cohen, Ryan Kass, and Julie Christiano repped owner W&H Properties. *** Crowe Horwath inked a 7,400 SF lease expansion at 488 Madison Ave. CBRE's Paul Haskin brokered the deal; the owner is The Feil Org. *** |
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| Plural Capital signed a five-year, 3,700 SF lease at 545 Madison Ave. Haber Wharton Property Advisors' Ruth Colp repped the tenant, while CBRE's Sloane Rhulen, Gregg Rothkin, Paul Milunec, and Robert Flippin repped LCOR.FINANCINGNCB FSB originated $45M in new loans, including: a $6.2M first mortgage and $1M line of credit for a 158-unit co-op at 400 E 77th St(arranged by Edward Howe III); a $3.8M first mortgage and $500kline of credit for Fieldston Garden Apartments, a 69-unit co-op at525 W 238th St, Bronx (arranged by Mindy Goldstein); and a $3Mfirst mortgage and $500k line of credit for a 72-unit co-op at 108 Sagamore Rd, Tuckahoe (arranged by Sheldon Gartenstein). *** |
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| CBRE's Keith Braddish, Mark Fisher, and Jason Gaccionearranged a $36.7M first mortgage bridge and construction loan forAngelo, Gordon & Co and Metropolitan Realty Associates' Garden City Square at 711 Stewart Ave, Garden City, Long Island (above). The 36-month, non-recourse loan is funded by Mesa West Capital. Mark and Rayna Karaivanov also arranged a $5.3M fixed-rate first mortgage with a life insurance co to refi 12 E 44th St.***GCP Capital Group arranged over $15M in financing, including:$10M for a 37-unit, five-story elevator apartment building with five stores on West 13th Street and $3.8M for a 64-unit, seven-story apartment building on East 34th Street, Brooklyn (both arranged byPaul Greenbaum); and $1.3M for a three-story mixed-use building with four apartments and two stores on Graham Avenue, Brooklyn(arranged by Matthew Albano). BUSINESS Kenneth Breslin and Jayson Siano launched Sabre Real Estate. Kenneth was previously president of Breslin Realty and Jayson co-director of CBRE's Long Island retail services group. Jayson trained under Kenneth a decade ago until he left for CBRE five years ago. The new firm will provide tenant and landlord rep, as well as a group to assist restaurants, franchisors, and francises with growing their businesses. Joining them at the firm are Jeb Bellsey, Doug Bomzer,Jordan Domroe, Russel Helbling, Beth Lamport, Ed Czarniak,Stu Fagen, Fran Picone, Anthony Russo, and Todd SanGiovanni. *** The Ninigret Group launched subsidiary Ninigret Realty Capital, which seeks to take advantage of the current dislocation in the credit and equity markets by funding secured, short-term bridge debt and equity facilities for CRE acquisitions, refinancing, and/or recapitalizations. Erik Dowling is the managing director of originations and Timothy Callahan the managing director of capital markets. EXECUTIVE MOVES Loews Hotels president & COO Jack Adler will retire from the company early next year. He began his career with Loews in '88 and assumed his current role in 2000. Chairman & CEO Jonathan Tischsays the firm will be seeking a president & CEO, and Korn Ferry International has been retained to identify candidates. Jonathan will remain on board as chairman. *** Patrick Breslin joined Studley as EVP of East Coast retail services, playing a key role in the expansion of the firm's retail biz along the Eastern seaboard. He was previously with Grubb & Ellis and also held a position at CBRE. *** Stephen Pearlman joined Cassidy Turley as senior managing director in the firm's capital markets group, responsible for investment sales, debt placements, structured equity placements, loan restructurings, and property sales. He was previously with Houlihan Lokey and held positions at Trammell Crow Co, JLL (and predecessor Jones Lang Wooton), and Manufacturers Hanover Trust. *** Christopher Rivielle joined Tishman Interiors Corp as first VP, responsible for developing new business, growing Tishman's interiors market, and managing construction projects. He was previously withNewmark Knight Frank and held positions at Structure Tone andTurner Interiors. He's an NYIT grad. *** Aaron Abraham joined Goulston & Storrs as director. He was previously with Tarter Krinsky & Drogin and held a position at Arent Fox. He was also an assistant DA in Queens County. *** Frank Alvarado joined Mace to lead the firm's Northeast initiative for program and project management services in New York, New Jersey, DC, and New England. He was previously with JLL and is a CUNYand Syracuse grad. *** Jason Stevens joined HKS Capital Partners as associate partner to initiate acquisition, refinance, and construction lending projects in the NY metro area. He was previously with MetLife and is a Fordham,Claremont Graduate University, and University of California grad. *** Michiel Schuit joined Cogswell Realty as senior managing director of acquisitions, spearheading the expansion of the firm's CRE holdings. In his 25-year career, he has acquired more than $600M worth of properties for firms like Loeb Partners Realty, Aegon Life, and Drexel Burnham Lambert Realty. *** Rachele Ambrosino joined The Heddings Property Group as VP. She was previously with Cushman & Wakefield and Vanderbilt Appraisal Co. She's a Queens College grad and studied real estate at NYU. *** L&L Holding Co promoted Andrew Weiner to director of leasing. He joined the firm last year and was previously with Cushman & Wakefield. He's a University of Delaware grad. |
