The Real Deal New York

Posts Tagged ‘hff’

  • 138 East 12th Street (inset: Andrew Scandalios)

    138 East 12th Street in Greenwich Village (inset: Andrew Scandalios)

    Wafra Residential Value Invest, a fund managed by Wafra Investment Advisory Group, closed on the $98.3 million acquisition of the Nathaniel, a luxury rental building in Greenwich Village. [more]

  • 250n10

    250N10 in Williamsburg (via BuzzBuzzHome) (inset: Andrew Scandalios)

    LCOR put its 234-unit Williamsburg rental building 250N10 on the market less than a year after it was built. [more]

  • princes-point-1

    From left: Jason Muss, Prince’s Point site on Staten Island and HFF’s Rob Hinckley

    UPDATED, 2:08 p.m., Jan. 13: Muss Development is putting a long-vacant, 22-acre residential development site on the South Shore of Staten Island on the market, The Real Deal has learned. [more]

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  • Scandalios-45-Broad-Dilullo

    From left: Andrew Scandalios, 45 Broad Street (Credit: PropertyShark), rendering of 45 Broad and LCOR’s Peter DiLullo

    A Lower Manhattan development parcel once owned by Kent Swig will return to the market next year and could sell for as much as $110 million, insiders said. [more]

  • printhouse

    139 North 10th Street in Williamsburg and Greystone’s Stephen Rosenberg

    Clarion Partners acquired the Printhouse Lofts development in Williamsburg from Greystone for $30.5 million.

    Last year, Greystone paid $15.8 million for the site at 139 North 10th Street, between Bedford Avenue and Berry Street. The project was under construction at the time. [more]

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  • trophy

    From left: Andrew Scandalios, Peter Hauspurg, 5 Times Square and 450 Park Avenue in Midtown

    Sales of trophy office towers are fast fading from the New York City real estate market. Investment firms have turned their attention to buying residential buildings or looking for partial office-property stakes and off-market deals. [more]

  • lexus

    From left: 823-825 11th Avenue, John Catsimatidis and Eric Michael Anton

    John Catsimatidis, former New York City mayoral candidate and CEO of the Red Apple Group, has put the six-story, mixed-use building in Midtown West that formerly housed a Lexus showroom on the market. [more]

  • anton-scandalios

    From left: Eric Anton and Andrew Scandalios

    Long-time property broker Eric Anton, who was most recently with the New York office of capital markets firm Brookfield Financial, is starting today with the local office of the national brokerage HFF, Anton told The Real Deal.

    Anton, 45, is joining HFF as a senior managing director after three years at Brookfield. Anton spent most of his brokerage career at one of New York City’s largest local brokerage firms, Eastern Consolidated, where he started in 1998. [more]

  • Carmel-Lightstone

    From left: Ron Zeff, Andrew Scandalios, marketing rendering of Fulton Street, David Lichtenstein and 112-119 Fulton Street

    The San Francisco-based investment and building firm Carmel Partners inked a contract to buy a development site at 112-118 Fulton Street in Lower Manhattan from the Lightstone Group for more than $170 million, several sources told The Real Deal. [more]

  • John Pelusi and Mark Gibson

    John Pelusi and Mark Gibson

    HFF’s John Pelusi has resigned from his roles as chief executive officer and vice-chairman of the real estate finance firm, effective April 2014, the company announced yesterday. Pelusi – one of the founding members of Pittsburgh-based HFF — will also step down from his role as managing member of operating partnerships, according to a release.

    Deborah McAneny, lead director of HFF’s board, thanked Pelusi “for his outstanding service as our CEO and for his many years of contribution to the success of the company,” according to the release. He will be replaced in the CEO role by Mark Gibson, who is currently an executive managing director at HFF and a vice-chairman of the board of directors. [more]

  • From left: Danny Finkle and the Shops at Pembroke Gardens

    From left: Danny Finkle and the Shops at Pembroke Gardens

    From the South Florida Market Report: South Florida’s commercial real estate market may not be garnering the same headlines as its gangbusters residential market, but businesses are finally gaining confidence in the economy — and office buildings are moving. [more]

  • An aerial image of the site at 448 11th Avenue

    An aerial image of the site at 448 11th Avenue

    Real estate investor David Marx is taking another crack at a hotel dream that the recession shattered, paying more than  $30 million for a site that his lender Lehman Brothers seized just two years ago, Crain’s reported.

    The first time around, in 2007, Marx paid $45 million for the property at 448 11th Avenue, on the corner of West 37th Street across from the Jacob K. Javits Convention Center; his plans again call for a 210,000-square-foot hotel on the parcel, which is near another Marx development site at West 34th Street and 10th Avenue, according to Crain’s. [more]

  • From left:

    140-144 West 28th Street and Andrew Scandalios of HFF

    An HFF team is marketing a 7,583-square-foot development site in Chelsea that’s aimed at hotel developers, according to marketing materials provided to The Real Deal. The plot, a parking lot located at 140-144 West 28th Street, includes 144,876 square feet of development rights. [more]

  • From left: 21 Monitor Street and 18 Monitor Street

    From left: 21 Monitor Street and 17 Monitor Street

    Updated, 2:25 p.m., Friday: A Brooklyn development firm signed a 49-year lease with St. Cecilia’s Roman Catholic Church in Greenpoint where it plans to convert a former school building and a smaller structure into 84 residential apartments, city records show. [more]

  • From left: Michael Shah, 55 Gansevoort Street, a proposed rendering and Jeffrey Julien

    With an ownership dispute ongoing, DelShah Capital is planning to lease a vacant Meatpacking District building to a tenant who could redevelop the five-story property as a boutique hotel, The Real Deal has learned. The 25,109-square-foot building, located at 55 Gansevoort Street, would come with a triple net lease, according to marketing materials. [more]

  • Hoboken’s Juliana rental sells for $67M

    February 12, 2013 02:30PM

    From left: Andrew Scandalios, Jose Cruz and the Juliana

    The 128-unit Hoboken, N.J. multifamily property known as the Juliana has traded hands for $67 million, according to a release issued by HFF, which represented the seller. Boston-based investment firm AEW Capital Management purchased the development from the Milestone Group and Dallas-based Invesco, on behalf of one of the firm’s funds, known as AEW Core Property Trust. [more]

  • alternate<br /></a>text
    Source: Cushman & Wakefield

    Revenues rose by double digits for the five commercial services firms that have publicly reported full year earnings for 2011, but the profit margins among the group were uneven. Cushman & Wakefield, the global services firm based in Midtown, reported this morning gross revenues of $2 billion in 2011, a 13 percent increase over 2010. That was its second-highest level ever, only behind $2.1 billion reached during the height of the boom in 2007. The figures were released following a meeting of its Italian parent company, Exor. See charts comparing each firm’s revenue with its EBITDA figures, after the jump. … [more]

  • Los Angeles-based CBRE Group posted the largest net income for the third quarter and Pittsburgh-based Holliday Fenoglio Fowler posted the strongest net income relative to revenue, among the six major commercial brokerage companies that report earnings publicly, an analysis of the latest quarterly results by The Real Deal shows.

    Meanwhile, Midtown-based commercial service firm Cushman & Wakefield, which reported earnings today through its parent company Exor, headquartered in Turin, Italy, had net income of $9 million on revenues of $520 million in the third quarter. It was the only company (excluding Grubb & Ellis which has not yet reported for the third quarter) to report a loss for the nine months of 2011. Through September, the company shows a loss of $13.5 million on revenues of $1.4 billion. … [more]

  • Joint owners JPMorgan Asset Management and AXA Equitable Life Insurance have secured $372 million in refinancing for 1285 Sixth Avenue at Rockefeller Center, HFF, which arranged the refinancing, announced yesterday. The 10-year fixed-rate loan on the 1.65 million-square-foot, 42-story Midtown tower is with MetLife Real Estate Investments, HFF said.

    Whitney Wilcox and Mike Tepedino, senior managing directors at HFF, represented the borrower.

    Developed in 1960 as the Equitable Life Assurance Society of the United States headquarters, the building is currently 99.9 percent leased, HFF said. Anchor tenants include UBS, law firm Paul Weiss, Rifkind, Wharton & Garrison and advertising agency BBDO. – Katherine Clarke[more]


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