The Real Deal New York

Posts Tagged ‘adelaide polsinelli’

  • 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]

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  • 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]

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  • 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]

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  • 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]

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  • 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]

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  • 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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    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]

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  • 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]

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  • 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]

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  • 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]

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  • 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]

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  • 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]

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  • From left: Adelaide Polsinelli, senior director at Eastern Consolidated, 14 Wall Street, 530 Park Avenue and managing principal with Citicore Timour Shafran

    The dust has settled following the mid-year “league table” season, with Midtown-based investment bank and brokerage Eastdil Secured taking the top slot, ahead of its chief rival, CBRE Group, for local and national sales during the first half of 2012. Yet behind the simple and sparse rankings by data firms and trade publications —The Real Deal, among them — there was a flurry of phone calls and emails among brokerages, principals and those creating the rankings to challenge and sort out who received credit on which deals. [more]

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  • Adelaide Polsinelli

    High-profile, mid-market investment sales broker Adelaide Polsinelli resigned from Marcus & Millichap this past Friday and began working at Eastern Consolidated as a senior director today, Polsinelli told The Real Deal.

    Polsinelli, who first started in the building sales business in 1985, is best known in the industry for deals such as Savanna’s $43 million purchase in 2007 of the Children’s Wear Building at 131 West 33rd Street in Midtown and the sale of the Knitting Factory at 74 Leonard Street in Tribeca, in 2008, for $12 million. [more]

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    From left: Robert Knakal, chairman of Massey Knakal Realty Services, Peter Hauspurg, chairman and CEO at Eastern Consolidated, Timour Shafran, managing partner at Citicore, Adelaide Polsinelli, associate vice presidenta at Marcus & Millichap, and Timothy King, principal at CPEX Real Estate

    Commercial real estate brokers such as Robert Knakal, Peter Hauspurg and Adelaide Polsinelli, are keeping a watchful eye on the U.S. Supreme Court as it considers whether it will hear a case that could overturn rent regulation in New York City.

    So The Real Deal asked commercial brokers what they expected would happen to multi-family properties and their values if the laws were overturned. They were asked under the assumption that there will be no catastrophic eviction of the million rent-regulated apartments, and that the city or state would create some replacement law that would provide housing for needy residents. Compiled by Adam Pincus[more]

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    From left: David Schechtman, senior director of Eastern Consolidated’s Turnaround and Distressed Group, Christopher Okada, CEO of Okada & Company, and Adelaide Polsinelli, associate vice president of investments at Marcus & Millichap

    Midtown West is quickly becoming a hub of commercial activity, brokers say, in anticipation of the Related Companies’ Hudson Yards development and thanks to new zoning regulations. “Eastern Consolidated, and I personally, have done a tremendous amount of work there,” said David Schechtman, senior director of Eastern Consolidated’s Turnaround and Distressed Group. “There’s a renewed interest in the neighborhood. It’s south of the already established Hell’s Kitchen and the gateway to Hudson Yards. There are big old buildings there that are ready to be repositioned — old, raw material that could be reshaped.”

    As The Real Deal previously reported, Midtown West office building sales rose by more than 100 percent year-over-year in 2011, to $5.7 billion from $1.8 billion in 2010, according to Eastern Consolidated’s recent MetroGrid Report for Midtown West, released last week, which defines Midtown West as the area that extends from 30th to 59th streets, and Fifth Avenue to the Hudson River. … [more]

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