The Real Deal New York

Corrections and clarifications for July 2012

July 06, 2012 04:40PM

Correction: In the July issue of The Real Deal the “BlackRock launches new real estate team” story incorrectly stated that Sherry Rexroad would head the BlackRock Global Real Estate Securities platform. In fact, Rexroad is the Chief Investment Officer and the team is headed by Mark Howard-Johnson.

Correction: In the July issue of The Real Deal, it was incorrectly stated that Corcoran Sunshine had not yet been officially tapped to market condominium units at the Printing House development at 421 Hudson Street. The brokerage had in fact been made the official sales and marketing team for the project.

Correction: In the July issue of The Real Deal, the “All-star team” story incorrectly omitted Halstead Property’s Richard Orenstein from the ranking of the top 75 listing agents. In fact, he is No. 32, with $64,689,999 in listings.

Correction: A July issue story, “Biggest U.S. residential firms,” said NRT was the parent company to Sotheby’s International Realty, Coldwell Banker and Century 21. It fact, NRT owns some Sotheby’s and Coldwell Banker offices, but others are franchises. In addition, all of its Century 21 offices are franchises.

Correction: In a July 16 web story The Real Deal incorrectly stated that the Economic Development Corporation was “circumventing” laws with its restructuring. In fact, rules were changed to allow the EDC to lobby legally, representatives for the EDC said.

Correction: In a July 23 web story The Real Deal misidentified where Hines Interests is based. The developer’s headquarters are in Houston, Texas.

Correction: In a July 26 web story The Real Deal misidentified Bermello Ajamil & Partners as owing a $50 million debt service obligation and scraping the development of the Miami Entertainment Center. In fact, work on the Miami Entertainment Center is being held while the Midtown Community Redevelopment Agency looks into the structure of their $50 million debt service obligation. They plan to eventually move forward with development.

Correction: Citing Brownstoner in a July 31 web story, The Real Deal incorrectly characterized modifications the Lightstone Group is proposing to Toll Brothers’ former plans for a Gowanus Canal development site. Lightstone is not seeking additional height and will not go through the ULURP process, a spokesperson for the firm said. Rather it is seeking a “minor modification” through the Department of City Planning to alter the arrangement of affordable housing within the same size and square footage for which Toll Brothers was approved. Based on the Brownstoner report, The Real Deal also incorrectly relayed the timetable for construction on the proposed project. It could break ground as early as 2013.

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