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CORE star Michael Graves jumps to Elliman

August 12, 2013, 10:25 am
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Michael Graves, a top-producing broker at CORE, has joined Douglas Elliman after a four-year stint with Shaun Osher’s Chelsea-based firm, he told The Real Deal exclusively. “I wanted to better serve my clients and customers wherever they are, including the Hamptons, in Miami and abroad,” Graves said in a statement. “Elliman’s size, strategic presence and partnerships nationally and internationally afford me a unique opportunity to do far-reaching business. [The company] has some of the most… [more]

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Spitzer, Stringer split over funds for minority developers

August 13, 2013, 4:25 pm
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Eliot Spitzer and Scott Stringer, the two Democratic candidates for City Comptroller, faced off in a debate today that focused on how to allocate capital to minority real estate developers and business owners. The question of “access to capital” for minorities is a major concern of minority voters in this election, hosts of the event said today, and an audience comprised primarily of minority business owners gathered at Harlem Mist, a cultural center on West… [more]

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Gem developer plots new venture for Midtown hotel corridor

August 15, 2013, 3:55 pm
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Gemini Real Estate Asset Management, the developer of the Gem and Jade hotels Downtown, has filed plans to build a 19-story Fashion District hotel at 36 West 38th Street, according to Department of Buildings records. Gemini, a commercial investor and developer, filed the plans, which call for a 43,342-square-foot property with 114 rooms, at the end of July, the data show. William Obeid, the president of Gemini, was not immediately available for comment. The site,… [more]

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Brause Realty to bring 250-unit rental project to LIC

August 16, 2013, 1:40 pm
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Brause Realty is planning to bring an approximately 270,000-square-foot rental building to a vacant lot in the Court Square area of Long Island City, David Brause, president of the multi-generational family real estate firm, told The Real Deal. The new building, at 44-30 Purves Street, will likely have between 250 and 300 units in total, Brause said. The building is slated to begin construction in 2014 and will likely be completed by 2015. Plans for… [more]

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Brauser Group sells Greenwich Village building ripe for condo conversion

August 20, 2013, 8:55 pm
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The Brauser Group, one of Manhattan’s major garage owners, has sold a 50,000-square-foot parking facility in Greenwich Village, The Real Deal has learned. The property, at 17 East 12th Street between Fifth Avenue and Union Square West, is ripe for residential conversion. Indeed, Brauser recently commissioned architecture firm GreenbergFarrow to analyze the building’s potential as a condominium. The architecture firm proposed a conversion of the eight-story brick building into a 27-unit condo with approximately 5,000… [more]

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Silvershore lists LES mixed-use building at 200% markup

August 21, 2013, 1:57 pm
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Silvershore Properties, a multi-family owner with more than 30 properties in Manhattan and Brooklyn, is in discussions to sell a Lower East Side residential rental building at 101 Delancey Street, The Real Deal has learned. Silvershore is asking $20.5 million for the property, on the corner of Ludlow Street, which it bought for just $7 million last year – an almost 200 percent markup. Peter Von Der Ahe and Joe Koicim of commercial brokerage Marcus… [more]

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John Lam’s purchase of Extell’s Chelsea garage tops $67M

August 21, 2013, 2:40 pm
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Hotelier John Lam has paid Extell Development $67.5 million for a Chelsea parking garage site primed for the development of a 270,000-square-foot hotel tower, according to commercial firm Massey Knakal Realty Services, which brokered the transaction. The garage is home to a longstanding flea market known as the Chelsea Antiques Garage. Extell acquired it for $42.7 million in 2006 and filed plans for a 233,544-square-foot, 29-story hotel at the site, at 112 West 25th Street,… [more]

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Praedium, Pinnacle end Crown Heights headache with $22M building sale

August 22, 2013, 9:55 am
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A partnership between the Praedium Group and Pinnacle Group, both long-term investors in multi-family walk ups in Manhattan and Brooklyn, has offloaded a 200-unit Crown Heights rental building for $22 million, according to public records filed with the city today. The 171,995-square-foot property, at 805 St. Mark’s Avenue between Brooklyn and New York avenues near the Norstrand subway stop, sold to Burke Leighton Asset Management, an owner and manager of residential apartment buildings in Brooklyn…. [more]

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Emmes buys Noho building for $40M on behalf of pension fund

August 22, 2013, 11:55 am
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Commercial real estate owner Emmes Asset Management has acquired a mixed-use Noho building on behalf of one of its U.S. pension fund clients, a spokesperson for the company told The Real Deal today. The 37,869-square-foot property, at 623 Broadway, traded in an off-market deal for approximately $40 million, they said. No brokers were involved in the transaction. Emmes declined to identify the pension fund with which it was working. The previous owner, Ise Realty Group,… [more]

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First look: HFZ’s High Line-straddling condo reveals itself

August 22, 2013, 1:28 pm
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More details on developer Ziel Feldman’s new High Line-straddling condominium project are coming to light, almost two years after his company, HFZ Capital, inked a deal to buy the site. The two-towered project at 505 West 19th Street will have a total of 35 residences, as previously reported, including one- to four-bedroom apartments, a large penthouse unit and an unspecified number of townhouse and duplex homes, a spokesperson for the development told The Real Deal…. [more]

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Designer Rachel Roy’s Chelsea home up for grabs

August 22, 2013, 4:55 pm
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Fashion designer Rachel Roy is departing her rented duplex penthouse at the Chelsea Royale building at 200 West 24th Street. The California-born clothing mogul, whose creations have adorned First Lady Michelle Obama and actresses Kate Hudson and Penelope Cruz, is moving back to her home state, four years after she split from Roc-A-Fella Records co-founder Damon Dash, according to Katherine Salyi, a broker with Nest Seekers International. Roy’s apartment, a 2,227-square-foot spread she’d been renting… [more]

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MDLNY star Luis Ortiz moves to Battery Park City pad

August 23, 2013, 11:29 am
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It’s been a whirlwind month for “Million Dollar Listing New York” star Luis D. Ortiz. The Puerto Rican dealmaker joined a new company and signed on for another season of his hit Bravo TV show. Now, Ortiz has another thing to add to that list – a new home. Ortiz is moving from a one-bedroom apartment at the residences at the W New York Downtown at 123 Washington Street to a new pad at Liberty… [more]

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Town opens ninth Manhattan office in Gramercy

August 26, 2013, 10:55 am
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Town Residential has opened its ninth Manhattan office at 33 Irving Place in Gramercy, a company spokesperson told The Real Deal. The office, at the corner of 16th Street near Union Square, will house 40 of the firm’s top agents, as well as its corporate services and relocation team; marketing, human resources and technical support staff; and public relations and legal departments, the spokesperson said. It will also be home to the company’s new international… [more]

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Huge condos coming to small Leonard Street lot

August 26, 2013, 3:40 pm
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Developer Charles Dunne, the pharmaceutical guru-turned-developer behind the 33 Vestry Street condominiums, has filed plans for another boutique residential project in Tribeca. Dunne, who was previously a high-level executive at drug company ImClone, wants to convert an existing four-story parking garage at 24 Leonard Street, at the corner of West Broadway, into a nine-story, 37,650-square-foot development with just seven units, according to Department of Buildings records spotted by BuzzBuzzHome. His partners on the project are… [more]

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Swig Equities quietly shopping 110 William Street

August 27, 2013, 5:25 am
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Investment and development firm Swig Equities, headed by embattled developer Kent Swig, is seeking a buyer for a 900,000-square-foot office property it owns in the Financial District, The Real Deal has learned. Swig has tapped Eastdil Secured to market the property, at 110 William Street, sources said. Adam Spies, senior managing director at Eastdil, denied that the firm had been hired, but sources said Eastdil brokers were shopping the property off-market. A Swig spokesperson declined to… [more]

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American Realty Capital chief buys UES townhouse for $14M

August 27, 2013, 1:10 pm
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Nicholas Schorsch, the chairman and CEO of the major non-traded real estate investment trust American Realty Capital, has purchased a multi-family Federal-style red brick townhouse on the Upper East Side for $13.9 million, according to public records filed today with the city. Schorsch and his wife Shelley bought the property, situated between Lexington and Third avenues, from media mogul and electronic music titan Robert F.X. Sillerman, the head of SFX Entertainment, whose holdings include the… [more]

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Kushner, CIM to shop 200 Lafayette for $150M-plus

August 28, 2013, 11:55 am
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A joint venture between Kushner Companies and Los Angeles-based private equity firm CIM Group is set to put a Soho office and retail property at 200 Lafayette Street back on the market, 18 months after it purchased the property, The Real Deal has learned. Kushner and CIM are seeking between $150 million and $170 million for the 121,000-square-foot building, which they purchased in January 2012 for just $50 million. Doug Harmon and Adam Spies of… [more]

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“You cannot be serious!”: Tennis whiz John McEnroe sells Beresford home

August 28, 2013, 1:59 pm
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Bad boy tennis ace John McEnroe, a longtime owner of a co-op in the Beresford building‘s northeast tower, has sold the apartment for $3.1 million, according to public records filed with the city today. The former world No. 1 tennis player and current television personality, who made famous the phrase “you cannot be serious” during his altercations with umpires, sold the property, at 211 Central Park West, to mergers and acquisitions attorney Gregory Ostling and… [more]

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Jailed socialite rents out Upper West Side townhouse for $75K a month: PHOTOS

August 29, 2013, 12:10 pm
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Designer Phillip Lim rents $12.5K a month West Village condo

September 3, 2013, 4:10 pm
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Contemporary fashion designer Phillip Lim has rented a $12,500 a month apartment in the West Village while waiting for the renovation of his Greene Street loft to be completed, The Real Deal has learned. The garment guru, whose affordable collection for Target is slated to hit the racks Sept. 15, inked a six-month lease at 35 Bethune Street, a factory-style loft building with 22 units known as Pickwick House, according to a source close to… [more]

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