This Week's NY Deal Sheet
JLL has tapped Valentin Stobetsky as a managing director to head its NYC-based international desk. Valentin’s relocating from Moscow, where he served as chief commercial officer for JLL’s Russian business and as a member of the firm’s executive board.
Valentin will lead JLL’s international business development for the northeast region. Valentin’s managed accounts for Publicis, BDO Unicon, Alcatel, Alfa Bank, AIG Lincoln, Millhouse Capital and Kaspersky Lab. Before joining JLL, he served as EMEA Real Estate Manager with Intel Corp, and as director of real estate for Russia and the Commonwealth of Independent States for Citigroup.
MORE EXECS
SL Green has brought on Natasha Brown as a VP of leasing for a 10-building portfolio that includes 1 Madison Ave, 11 Madison Ave, 1515 Broadway, 485 Lexington Ave, 750 Third Ave and 521 Fifth Ave. Prior to joining SL Green, Natasha was an SVP at JLL for the past seven years, where she repped tenants and was involved in every aspect of commercial leasing.
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Carl Hum has joined REBNY as SVP for management services and government affairs. He'll be a principal member of REBNY’s senior staff serving as the lead advocate on a broad portfolio of policy issues. Carl joins from Asian Americans Advancing Justice (AAJC) in Washington, DC, where he served as VP of policy and programs.
Peter Fontanetta has joined Cohen Brothers Realty Corp as a VP of leasing. Peter brings almost two decades of brokerage experience to the new role. Previously, he held the same title at Trinity Real Estate, where he had worked since September ‘03. At Cohen Brothers, he’ll be involved in closing office and retail leasing transactions throughout the Class-A Manhattan portfolio.
TOP SALES
APC Amsterdam III LLC sold 206 Amsterdam Ave to Amsterdam Avenue Redevelopment Associates for $275M.
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AG-Metropolitan Riverdale Crossing LLC sold 184 West 237th St and 193 West 237 St in the Bronx to EIB Riverdale Crossing LLC, for a total of $132.9M.
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KA 155 LLC sold 155 East 60th St to Parkview Tower Owner LLC for $85.1M.
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Gracie 151 Development LLC sold 151 East 60th St to Parkview Tower Owner LLC for $58M.
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First York Associates sold 350 East 86th St to ERMW10538DJ LLC for $50M.
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REVX-660 LLC sold 134, 136 and 142 Bowery to 138 Emmut Properties LLC for a total of $46.8M.
Sam Chang closed on the sale of the land under 40-70 Delong St in Flushing, Queens, to Flushing Point Holding LLC, for $19M.
[Top sales data courtesy of Reonomy]
LEASES
Robert Derector Associates signed a 15-year, 33,600 SF expansion lease at 19 West 44th St. Cushman & Wakefield’s Robert Yaffa and Wayne Van Aken repped the tenant. JLL’s Barbara Winter and William Korchak repped the landlord.
Xcel Brands signed a 30k SF sublease at 1333 Broadway. Newmark Grubb Knight Frank’s Robert and David Emden repped the tenant. JLL’s Mitchell Konsker, Alexander Chudnoff, Ben Bass and Dan Turkewitz repped the sublessor, Global Brands Group.
Compass has signed a new lease at 90 Fifth Ave for an additional 25k SF. Compass now has a total of almost 90k SF in the building. Cushman & Wakefield’s Ethan Silverstein repped Compass. RFR’s AJ Camhi repped the landlord in-house.
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Sloane & Co renewed its 12,500 SF lease at 7 Times Square. CBRE’s Frederick Fackelmayer repped the tenant. The ownership, Boston Properties, repped itself.
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Loeffler Randall signed a 7,700 SF lease at 584-588 Broadway. Cushman & Wakefield’s Jordan Weiss and Seamus Joyce repped the tenant. Olmstead Properties’ Steve Marvin repped the landlord in-house.
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Urban Office signed a 7,200 SF lease at 44 East 32nd St. Newmak Grubb Knight Frank’s Paul Davidson and Roy Lapidus repped the landlord, Bassett Properties. NGKF’s Jamie Jacobs and Alex Radmin repped the tenant.
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Friedman-Roth Realty signed a 7,200 SF lease at 44 East 32nd St. Newmark Grubb Knight Frank’s Roy Lapidus and Rutenberg NYC’s Jordan Skurnik repped the tenant. NGKF’s Paul Davidson and Roy Lapidus repped the landlord, Bassett Properties.
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The designer Rachel Zoe signed a 5,200 SF lease at 155 Fifth Ave. Savitt Partners’ Marc Schoen, Brian Neugeboren, Michael Schoen and Sam Saffman repped the tenant. Nick Mok repped the landlord, Eretz Group, in-house.
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J. Rosen and Co renewed its lease at 231 West 39th St. Adams & Co’s James and Jeff Buslik repped both sides in the deal.
TOP FINANCING DEALS
German American Capital Corp closed a $425M loan to 32 Sixth Avenue Co for 32 Sixth Ave.
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CMTG/CN Lender 3 LLC closed a $200M loan to Parkview Tower Owner LLC for 151 East 60th St.
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UBS Real Estate Securities closed a $172M loan to 525 Delaware LLC for 252 Seventh Ave.
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Bank of China’s New York Branch closed a $139.1M loan to 224 Shur LLC for 224 West 57th St.
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Natixis Real Estate Capital closed a $119.2M loan to Deco Towers Associates LLC for 330 West 42nd St.
[Top financing data courtesy of Reonomy]
