The Real Deal New York

Posts Tagged ‘adelaide polsinelli’

  • From left: Joanne Podell, Karen Bellantoni, Adelaide Polsinelli, Faith Hope Consolo, Marion Jones and Robin Abrams

    From left: Joanne Podell, Karen Bellantoni, Adelaide Polsinelli, Faith Hope Consolo, Marion Jones and Robin Abrams

    To this day, men far outnumber women in commercial real estate, even though more and more women have joined the ranks over the last decades. [more]

  • Ben Tapper and Adelaide Polsinelli

    From left: Ben Tapper and Adelaide Polsinelli

    Chicago-based L3 Capital and Bethesda-based ASB Real Estate Investments closed on a portfolio of 16 Williamsburg properties for $86 million that were being sold by the estate of investor Mike Lee.

    The portfolio consisted of 13 buildings and four vacant lots, all located between Berry Street and Kent Avenue between North Sixth and North Seventh Streets, close to the center of the action in Williamsburg. [more]

  • hotel-verite

    893 Broadway in the Flatiron District and Adelaide Polsinelli

    A four-story mixed-use building in the Flatiron District and the leasehold interest of the hotel component has sold for $35 million, or $2,000 per square foot, in one of the priciest property deals on a per-square-foot basis along that Broadway strip to date, The Real Deal has learned.

    A Manhattan-based investor identified only as Cholla LLC acquired both the 17,500-square-foot, L-shaped property at 893 Broadway, or 13 East 19th Street, and the leasehold interest for Hotel Verite. The price of $2,000 per square foot includes the hotel on the floors above the retail. [more]

  • From left: Joseph Beninati and

    From left: Joseph Beninati and 428 East 58th Street

    Real Estate development firm Bauhouse Group, which is developing condominiums along the High Line, bought a rental portfolio for $32 million. [more]

  • adelaide

    Adelaide Polsinelli and 1128 Third Avenue

    A building at 1128 Third Avenue near East 66th Street has sold for $9.5 million — a jump from the $6.5 million it fetched in 2010.

    Chicago-based investment firm L3 Capital handed off the 5,300-square-foot, four-story site to an undisclosed investor. Adelaide Polsinelli of Eastern Consolidated, who represented L3 Capital in the deal, said the 46 percent increase in price is part of the neighborhood impact of the upcoming Second Avenue subway renovation. [more]

  • From left: 475 Fifth Avenue, 701 Seventh Avenue and 1333 Broadway

    From left: 475 Fifth Avenue, 701 Seventh Avenue and 1333 Broadway

    As retail rents continue their skyward climb along Fifth Avenue north of 49th Street, shop owners are becoming increasingly willing to pursue space in far-flung areas, brokers said. [more]

  • Adelaide Polsinelli

    Adelaide Polsinelli

    Retail property sales hit $445 million in the third quarter, up three times from the first quarter of this year, according to a December market report from commercial brokerage Eastern Consolidated.

    Growing confidence among national, international and local buyers buoyed the numbers, Adelaide Polsinelli, senior director at Eastern Consolidated, said. She also pointed to the recent repeal of the so-called 80-20 rule, which capped residential co-ops buildings’ gross income from ground-floor retail at 20 percent, as giving the market supply a boost. [more]

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  • khodadian

    From left: Robert Khodadadian, 711 Madison Avenue and Adelaide Polsinelli

    Former Eastern Consolidated broker Robert Khodadadian, who was fired for allegedly sending a lewd video to a female intern, has beefed up his claims against his ex-employer, contending that the brokerage stiffed him on commissions for sales worth $80 million. [more]

  • From left: Eastern Consolidated's Adelaide Polsinelli and 421 West 54th Street

    From left: Eastern Consolidated’s Adelaide Polsinelli and 421 West 54th Street

    A 12,327-square-foot retail condominium at the Hit Factory is up for grabs, asking $8.7 million, the broker marketing the property told The Real Deal exclusively. [more]

  • Lucky fig trees help draw buyers

    July 17, 2013 04:30PM
    Adelaide Polsinelli and a fig tree

    Adelaide Polsinelli and a fig tree

    From the July issue: The fig tree, a symbol of knowledge in the Bible, has taken on yet another role: real estate selling point. Figs are drawing in buyers who give weight to their folklore. And they can sweeten the deal for sellers, sources told The Real Deal[more]

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  • Adelaide Polsinelli and 36 Riverside Drive

    Adelaide Polsinelli and 36 Riverside Drive

    A 7,380-square-foot residential building dating back to the 1880s has traded for the first time in more than 50 years to a Long Island-based developer for $8.6 million, according to the broker on the deal.

    The building, at 36 Riverside Drive, sold for $100,000 over its asking price after a bidding war, according to Eastern Consolidated Senior Director Adelaide Polsinelli, who represented the seller, a family partnership, in the closed deal. The building features eight residential units and views of the Hudson River. [more]

  • Adelaide Polsinelli

    Adelaide Polsinelli and 44-58 East 8th Street

    Eastern Consolidated’s Adelaide Polsinelli and Gary Meese are marketing the leasehold interest in an entire Greenwich Village block-front, the New York Observer reported. The addresses span 44 to 58 East 8th Street, located between Greene and Mercer streets. [more]

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  • alternatetext
    From left: Newmark Grubb Knight Frank’s Marc Frankel and James Kuhn, Fred Posniak of Malkin Properties and Eva Santiago of Newmark Grubb Knight Frank

    With music thumping, alcohol flowing and choice cuts of steak tempting guests, the Newmark Knight Grubb Frank bash last night at the Marquee at the Cosmopolitan nightclub was one of the more festive of the parties surrounding the annual ICSC’s RECon in Las Vegas. See the photos after the jump. … [more]

  • From the April issue: These days, a bewildering array of new real estate — related technologies, from iPads to “virtual staging,” are all but essential to doing business in New York. Or are they?

    Some successful real estate pros have just said “no” to all this technology, claiming it distracts them from the business at hand. Landlord Frank Ring, who owns some 15 office buildings, famously does not use email and prefers to be contacted by fax. [more]

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  • 36 Riverside Drive

    A 7,380-square-foot residential building dating back to the 1880s has come on the market at 36 Riverside Drive. The property, listed by Eastern Consolidated’s Adelaide Polsinelli for $8.5 million, includes eight residential units.

    Known as Wyman House, the property has operated as a bed and breakfast since 1986. It can be delivered vacant and converted to a single-family townhouse or for use by an institution, Polsinelli said. [more]

  • Inset: Adelaide Polsinelli

    “What I did for the gig” is a weekly web feature that chronicles the outlandish, risky and comical strategies that residential and commercial real estate brokers have used to land listings, clients and jobs.

    Call me maybe?

    Five years ago, Adelaide Polsinelli, an investment sales broker at Eastern Consolidated, was trying to nab an exclusive listing for a walk-up apartment building in the East Village. But the owner, a landlord who Polsinelli declined to name, refused to hear her pitch.  [more]

  • Acadia snaps up 210 Bowery

    December 26, 2012 02:00PM

    Adelaide Polsinelli and 210 Bowery

    Acadia Realty Trust, a developer of the City Point development in Downtown Brooklyn, has closed on a $7.5 million purchase of 210 Bowery, the New York Post reported. The deal sets a record for the street when broken down into its price-per-square-foot component: $815. Unnamed sources said that Acadia, a real estate investment trust, is also eyeing the adjacent four-story property of 212 Bowery. That property is owned by the Markell restaurant equipment company. [more]

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  • From left: 211 West 34th Street and Dennis Riese, CEO of Riese Organization

    The Riese Organization, a retail-focused firm that specializes in budget restaurants, signed a contract this month to pay $17.5 million for a low-rise building on a bustling block of West 34th Street, the company’s owner, Dennis Riese, told The Real Deal.

    But the sale is already the subject of a lawsuit from the Adjmi family, who are partners in the ownership of the building, as well as investors in a group that was competing with Riese Organization to buy the building. The family claims their partners improperly selected a lower bid from Riese Organization to purchase the building, down the block from Macy’s. [more]

  • From left: Jason Haber, John Catsimatidis, Adelaide Polsinelli, Jonathan Miller and Donald Trump

    With Election Day upon us, The Real Deal speaks with real estate insiders and dealmakers about which presidential candidate they think will win and what the outcome of the race means for the real estate market. In some cases, participants tipped their hand at how they would be voting. Donald Trump, Red Apple Group’s John Catsimatidis, Rubicon’s Jason Haber, Eastern Consolidated’s Adelaide Polsinelli and Miller Samuel’s Jonathan Miller weigh in. [more]

  • From left: Adelaide Polsinelli, Faith Hope Consolo and MaryAnne Gilmartin (credit: Westchester Magazine)

    Who are New York City’s most accomplished women real estate executives? GlobeSt names a dozen women whom the publication says fits the bill. Their list makes up a slice of Real Estate Forum’s Women of Influence, a list of 45 women in that magazine’s current issue.

    The GlobeSt list includes Faith Hope Consolo, chairman of retail leasing and sales at Prudential Douglas Elliman. Just this year Consolo has brought a number of prominent international retailers, such as Cotelac, Yigal Azrouel’s Cut 25 and Muska Milano to hot retail corridors. [more]