The Real Deal New York

Posts Tagged ‘avison young’

  • 4-e-34

    From left: 4 East 34th Street, David Eyzenberg and Jon Epstein

    Leo Tsimmer’s Caerus Group just inked a contract to buy the six-story Zionist Organization of America building at 4 East 34th Street, The Real Deal has learned. Tsimmer, who was active in the prior real estate boom as a developer of projects such as Highline 519 in Chelsea, is expected to close on the sale of the building and additional development rights for between $70 million and $80 million, according to insiders. [more]

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  • avison

    1166 Sixth Avenue in Midtown and Avison Young’s Mark Rose

    Avison Young plans to triple the size of its New York City office space with a sublease deal for 40,200 square feet at Minskoff Equities’ 1166 Sixth Avenue.

    The Toronto-based commercial brokerage currently occupies a space at 623 Fifth Avenue. Now, the firm will move to the 15th floor of the 44-story tower near West 45th Street, about four blocks south of 623 Fifth. Asking rent for the sublease in the Midtown building is in the $40s per square foot, sources told the publication. Avison Young’s sublease would expire in 2020. [more]

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  • Clockwise from left: 114 East 25th Street, Nathan Berman and Gary Barnett

    Clockwise from left: 114 East 25th Street, Nathan Berman and Gary Barnett

    Gary Barnett continues to make a killing on the Ring portfolio. His Extell Development just sold one of the portfolio’s former properties for $36.5 million to MetroLoft, a firm that specializes in converting commercial buildings into residential developments, The Real Deal has learned.  [more]

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  • From left: Jason Meister and Rockaway Beach

    From left: Jason Meister and Rockaway Beach

    A 101,000-square-foot residential development in Rockaway Park has hit the market. [more]

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  • Jason Meister

    Jason Meister

    Commercial real estate services firm Avison Young has been tapped to market a 94,000-square-foot Cooper Avenue Portfolio in Glendale, Queens.

    The property is comprised of eight lots on more than two acres, including an industrial building, vacant land, two parking lots and two attached single-family homes, which will be delivered vacant. The site is less than half a block from The Shops at Atlas Park, a 313,000-square-foot mall that was developed in 2005. [more]

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  • GregKraut_BobKnakal

    From left: Greg Kraut and Bob Knakal

    While Mayor Bill de Blasio is catching flack for downplaying a property tax increase for many city homeowners, he seems to be saying very little about a property tax hike on commercial real estate.

    Earlier this week de Blasio reportedly boasted he was proud of the fact that the first budget of his administration lowered the property tax rate on one-, two- and three-family homes by .18 percent. [more]

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  • AY_JeddNero1

    Jedd Nero

    The Toronto-based brokerage firm Avison Young poached veteran retail leasing broker Jedd Nero from CBRE Group to lead the New York office’s push into store leasing, Avison Young said in a statement.

    Nero, who starts today at Avison Young, is a principal and executive managing director at his new firm and is the sole member of the retail group he’s charged with building up.

    He did not bring any other brokers or salespeople from CBRE, he told The Real Deal. [more]

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  • uws-garage

    219-233 West 77th Street and Neil Helman

    An affiliate of real estate firm Walter & Samuels is looking to sell an Upper West Side parking garage site, which is being marketed as a potential redevelopment into condominiums.

    The 7,700-square-foot site at 219-223 West 77th Street, between Amsterdam Avenue and Broadway, boasts 77,000 square feet of buildable space. Avison Young brokers Neil Helman, Charles Kingsley, Vincent Carrega and Jon Epstein are handling marketing. The property is expected to fetch at least $61 million, or $800 per square feet, the New York Post reported. [more]

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  • Plaza District

    Plaza District

    Plaza District office rents are rising quickly, due to a lack of available space on the upper floors of trophy office towers, according to a recent market report by Avison Young.

    The Plaza District is seeing asking rents of around $130 per square foot, up $30 per foot from the fourth quarter of 2013, according to the report. To date, there have been 18 deals with starting rents north of $100 per square foot this year, compared to only 13 at this time a year ago, the data shows. [more]

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  • From left: Jonathan Resnick and 199 Water Street

    From left: Jonathan Resnick and 199 Water Street

    Western Union, the money transfer agent, will now lease its Financial District office directly from landlord Jack Resnick & Sons instead of subletting.

    Once a subtenant of Wells Fargo, the one-time telegraph company signed a ten-year direct lease with the owner of 199 Water Street for its 20,689-square-foot digs on the 29th floor.

    Asking rents were in the high $40s per square foot. [more]

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  • Real estate’s rising stars

    March 06, 2014 10:30AM
    From left:

    From left: Melissa DiBella, Nick Romito, Drew Popkin and Jason Meister

    From the March issue: It takes time to earn your chops in New York real estate. The learning curve is steep, and the market demands both skills and connections. Most of the industry’s household names, on both the residential and commercial side — with the exception of real estate scions like Jared Kushner, Justin Elghanayan and a handful of others — are at least well into their 40s. But there are always ambitious young guns rising to the top of the industry. [more]

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  • Jason Meister (Screenshot via Fox Business)

    Jason Meister (Screenshot via Fox Business)

    Though interest rates remain at historic lows, their upward trajectory in recent months puts the housing market’s recovery at risk, according to Avison Young broker Jason Meister, who added that the government’s interference in free market mechanisms had contributed to the problem. See the full story and video after the jump.

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  • From left: Arthur Mirante, 3-15 26th Avenue and Jon Epstein

    From left: Arthur Mirante, 3-15 26th Avenue and Jon Epstein

    Boris Aronov, co-developer of Tribeca’s 101 Leonard Street, has paid $26.5 million for a development site on the Astoria waterfront, according to city records filed Friday. The 160,000-square-foot lot at 3-15 26th Avenue was marketed last year for $80 million as being ripe for an 800,000-square-foot residential site, but it’s currently still zoned for manufacturing, and sources said that the low purchase price was due to uncertainty about when the site would be ready for a residential project. [more]

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  • Macky Sall, president of Senegal, and 227-235 East 44th Street

    Macky Sall, president of Senegal, and 227-235 East 44th Street

    A joint venture between the Republic of Senegal and investor Ron Yeffet of construction company GSR Concrete is looking to bring a 22-story mixed-use tower to a vacant site at 227 East 44th Street. [more]

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  • From left: Jason Meister and Dottie Herman

    From left: Jason Meister and Dottie Herman

    Dwindling returns at home coupled with the perception of the United States as a secure parking spot for their money has led Chinese real estate investors to New York in record numbers, according to Douglas Elliman CEO Dottie Herman and Avison Young investment sales broker Jason Meister. See the full story and video after the jump.

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  • 101 Park Avenue and Peter Kalikow

    101 Park Avenue and Peter Kalikow

    H.J. Kalikow & Company has signed Manhattan-based Federated Global Investment Management to the entire 41st floor of 101 Park Avenue, The Real Deal has learned. [more]

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  • Meister-Schron-ESB-Malkin1

    From left: Jason Meister, Rubin Schron, Empire State Building and Anthony Malkin

    The Empire State Building has officially transferred over to the nascent Empire State Realty Trust for $1.89 billion — a far cry from the $2.2 billion and more that investors such as Joseph Sitt and Rubin Schron offered for the iconic tower before it was packaged into the real estate investment trust. [more]

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  • 360-West-42nd-Street

    From left: Michael Leff, 360 West 42nd Street, Jon Epstein and Arthur Mirante

    The owner of three adjacent parcels at the corner of 42nd Street and Ninth Avenue near Times Square has put the site on the market with brokers expecting offers of about $2 million per year in triple net rent, meaning the tenant pays taxes and other expenses. [more]

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  • 122-130-East-23rd-Street,-Von-Spreckelsen

    From left: 122-130 East 23rd Street, Toll’s David Von Spreckelsen

    National homebuilder Toll Brothers is in contract to buy a nonprofit’s Flatiron District headquarters — on a lot that allows for a 200,000-square-foot residential development — for $150 million, or more than $750 per buildable square foot, The Real Deal has learned. [more]

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  • From left: Ted Stratigos and Long Island

    From left: Ted Stratigos and Long Island

    Avison Young, the Toronto-based commercial brokerage that debuted in New York City in 2011, will open a Long Island office, effective today, and has hired away a veteran Long Islander from Cushman & Wakefield to run it, The Real Deal has learned.

    The office, at 68 South Service Road in Melville, opens today, with Ted Stratigos, a Cushman broker for 33 years who last served as executive director of that firm’s Long Island office, at the helm. [more]

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