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]
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]
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]
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]
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]
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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