This Week's NY Deal Sheet
Rob Speyer, at 46, will take over one of NYC’s most valuable portfolios with assets that include Rockefeller Center and the Chrysler Building as the sole CEO of Tishman Speyer. For the past seven years, he’s held the title jointly with his father, Jerry, who’ll stay on as chairman.
Rob’s been in the family business since 1995. He became REBNY’s youngest chair in 2012. The move comes as the company is on a roll, announcing last month its first foray into Brooklyn with the $270M buy of the Macy’s store at 422 Fulton St, which will be partially converted into high-end office space.
MORE EXECS
Lisa Kiell, Kenneth Siegel and Derek Trulson have been promoted to vice chairman at JLL. Lisa’s responsible for planning and implementing transaction strategies for a wide range of clients in NYC and globally, with a focus on technology, law firm and financial services clients. Prior to joining JLL, Lisa worked in real estate development/leasing for LCOR in Jersey City and as an auditor for PricewaterhouseCoopers. Kenneth is a senior leader of JLL’s tenant representation practice in NYC. He manages relationships with national and global occupier clients, and leads tenant rep assignments for clients in the NY metro area. Before joining JLL, Kenneth worked in the real estate finance group at Cowen & Co., at Solow Building Co. and was a CPA at Price Waterhouse. Derek oversees New York-based and national client transaction management, business development, and identification of local and national strategic growth opportunities. Derek began his career as a developer and construction project manager, managing the complete building process from space planning to permit/design review to construction and tenant move-in.
Janet Woods has joined Stan Johnson Co as Northeast regional director. Most recently, Janet served as executive managing director for DTZ, where she led the national and local nonprofit practice group and served as head of strategy for the New York City office.
Thomas DeFazio has joined Winick Realty Group’s NJ office. He’ll focus on landlord and tenant rep throughout the state. For 26 years, Thomas worked in equity sales, trading and operations for major financial institutions including Merrill Lynch, Bank of NY and Cantor Fitzgerald.
TOP SALES
Yeshiva University sold six buildings in the Bronx to Com Affiliation. 1300 Morris Park Ave sold for $99.5M. A five-building portfolio of 1225 Morris Park Ave, 1910 Seminol Ave, 1865 Eastchester Rd, 1301 Morris Park Ave and 2035 Eastchester Rd fetched $97.6M.
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31 East 31st St sold for $82.4M. BRE FSC Multifamily Borrower LLC was the buyer, and 31 E 31 LLC was the seller.
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312 East 30th St sold for $51M. BRE FSC Multifamily Borrower LLC was the buyer, and 312 E 30 LLC was the seller.
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45 West 27th St sold for $43.1M. The buyer was 167 Front Properties LLC, and the seller was 45 West 27th Street Holder LLC.
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445 and 451 East 83rd St sold for $39.2M. BRE FSC Mulifamily Borrower LLC was the buyer, and 445-451 E 83 LLC was the seller.
[Top sales data courtesy of Reonomy]
LEASES
Ackman-Ziff Real Estate Group signed a 10-year, 19k SF lease at 711 Third Ave. The tenant didn’t use a broker, and Howard Tenenbaum and Gary Rosen repped the landlord, SL Green, in-house.
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Steven B. Jacobs Group signed a seven-year, 14k SF lease at 381 Park Ave South. ATCO’s John Lord repped both the tenant and the landlord.
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Choxi (formerly NoMoreRack.com) signed a 10,400 SF lease at 381 Park Ave South. Titan Living NYC’s Kimberly Krueger repped the tenant. ATCO’s John Lord repped the landlord in-house.
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Izzy Rodriguez, an exotic car refurbisher, signed a 9k SF lease at 2302 Neptune Ave in Brooklyn. Kalmon Dolgin Affiliates’ Robert Klein repped the tenant and the owner, Jeff Cohn.
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NeueHouse signed a 10-year, 8,700 SF lease at 373 Park Ave South. Wkylight Leasing’s Elie Reiss repped the tenant. ATCO’s John Lord repped the landlord.
Livanos Restaurant Group signed a 20-year, 7k SF lease at 625 West 57th St. Lee & Associates’ Peter Braus and Brad Schwarz repped both sides, and The Durst Organization’s Tom Bow and Ashlea Aaron also repped the landlord in-house.
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Cumming Construction Management signed a 6k SF lease at 275 Madison Ave. JLL’s Kirill Azovtsev and Jim Wenk repped the tenant. JLL’s Mitchell Konsker and RFR’s AJ Camhi repped the landlord, RFR.
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A new restaurant called Kingsley signed a 10-year, 2,400 SF lease at 190 Avenue B. ABS Partners’ Dean Valentino and Mark Tergesen repped both the tenant and the landlord. Asking rent was $125/SF on the ground floor.
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Yura on Madison signed a 10-year, 1,600 SF lease at 1350 Madison Ave. ABC Realty’s Seth Weinstein repped the tenant. ABS Partners’ Dean Valentino, Mark Tergesen and Keith Lipstein repped the landlord.
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Olma Caviar Bar signed a 1,200 SF lease at 420 Amsterdam Ave. Eastern Consolidated’s Ravi Idnani repped the tenant. Eastern’s James Famularo repped the landlord, Amsterdam Partners.
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Udon Noodle Bar signed an eight-year, 1,200 SF lease at 342 East 6th S. in the East Village. ABS Partners’ Dean Valentino and Mark Tergesen repped the landlord, Matel Realty. SKH Realty’s Tracy Hanna and Karma McDermott repped the tenant. Asking rent was $135/SF on the ground floor.
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Moynat signed a 2,200 SF lease at 935 Madison Ave. RKF’s Ariel Schuster, Jackie Totolo and Brandon Elias, along with Isaacs and Co’s Joel Isaacs and Joshua Lewin repped the landlord, JZS Madison. Cushman & Wakefield’s James Downey and Eric LeGoff repped the tenant.
FINANCING
Northwestern Mutual Life Insurance closed on a $507M loan to SJP TS LLC for 640 Eighth Ave.
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JP Morgan Chase closed on a $168M loan to One East River Place Realty Company II LLC for 525 East 72nd St.
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Citigroup Global Markets Realty closed on a $130M loan to Charles Cohen’s International Plaza Associates for 750 Lexington Ave.
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Bank Leumi USA closed on a $85.7M loan to 34-46 West 33 Street LLC for 38 West 33rd St.
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JP Morgan Chase closed on a $71M loan to 180 Madison Prisa II LLC for 180 Madison Ave.
[Financing data courtesy of Reonomy]
