The Real Deal New York

Posts Tagged ‘Ilan Bracha’

  • The Real Deal on the town

    December 14, 2011 01:59PM

    While the folks behind may be most closely associated with real estate listings and data points, they shrugged off the computer geek image last night for a holiday party at the Mondrian Soho hotel’s Mister H bar.


    Sofia Song, vice president at Streeteasy, said more than 200 of the invited brokers, advertisers, clients and media guests planned to attend the event, at 9 Crosby Street between Howard and Grand streets, and the press of bodies last night seemed to bear out her tally.

    Between the ruby-colored wingbacks, gilt-framed mirrors, Persian rugs and bird cages strung from the ceiling, the space evoked a cross between a boudoir and a colonial drawing room. Or, as Iman Bacodari, vice president and associate broker for the Jacky Teplitzky team at Prudential Douglas Elliman, put it, “Chinatown dumpling shop meets Spanish brothel … with a little English manor sprinkled in.” … [more]

  • By Katherine Clarke and Lauren Elkies

    From left: Adina Azarian, the former CEO of Keller Williams NYC, Ilan Bracha, chairman of KWNYC, Eric Barron, the new CEO of KWNYC, and the company’s new office at 425 Park Avenue

    Adina Azarian
    has stepped down from her role as CEO of the real estate franchise Keller Williams NYC after just seven months to take a more junior position at the company, the company informed The Real Deal today. Azarian will take the job of executive director of new business development.

    Azarian, who joined the company in April after being recruited by now-defunct Dwelling Quest colleague Ilan Bracha, chairman of Keller Williams NYC, told The Real Deal she “initiated” the executive changes and chose her replacement. Eric Barron, a former managing director at the New York Real Estate Institute, took over as CEO Nov. 14, according to the company. [more]


  • From left: Ilan Bracha, Haim Binstock and 16-18 West 57th Street

    Gary Barnett’s Extell Development paid $80 million for a five-story commercial building that residential broker Ilan Bracha and development partner Haim Binstock bought in 2007 for $60 million.

    Bracha, the chairman of the New York City office of residential firm Keller Williams, and Binstock, purchased 16-18 West 57th Street, between Fifth and Sixth avenues, in 2007 through their B&B Investment Group, with hopes to build a 28-story mixed-use tower.

    Instead, their original lender Petra Capital Management sold the loan to a company affiliated with Barnett earlier this year, The Real Deal reported. … [more]

  • Keller Williams inks lease at 555 Madison

    September 12, 2011 11:06AM

    Keller Williams’ Ilan Bracha and 555 Madison Avenue

    Keller Williams NYC, the New York branch of national brokerage Keller Williams Realty, has leased 22,000 square feet of office space at 555 Madison Avenue formerly occupied by Tiffany & Co., Crain’s reported.

    The new office can accommodate 300 brokers, almost three times the number Keller Williams NYC currently employs. The company, which launched in April, has 112 agents. Brokers will move into the office starting Oct. 1, company Chairman Ilan Bracha told Crain’s. Executives will remain at the brokerage’s headquarters in Trump Tower at 725 Fifth Avenue between 56th and 57th streets.

    “The space is gorgeously done and has good energy,” Bracha said of the new digs, which are between 55th and 56th streets. “It’s also in a prime location.” … [more]


  • Ilan Bracha, chairman of Keller Williams NYC, and Adina Azarian, CEO

    Manhattan brokerage Keller Williams NYC, the local franchise of Keller Williams Realty, has expanded its workforce to 100 agents since active hiring began in April, the company announced yesterday.

    “Our agent-friendly environment and entrepreneurial spirit is attracting some of the most talented and motivated people in New York City real estate to the firm,” said Adina Azarian, CEO of Keller Williams NYC. “They are drawn to the company’s unique business model, which focuses heavily on training, and offers a support system that both encourages and rewards success.”

    Some of the firm’s most notable new hires include Eric Lustgarten, formerly president of the William B. May Company and director of sales and investment properties at Brown Harris Stevens and Hela Miodownik, formerly a vice president at Prudential Douglas Elliman. — Katherine Clarke[more]


  • From left: Ilan Bracha, Rabbi Yishayahu Yosef Pinto and 240 Riverside Boulevard (building photo credit: CityRealty)

    A three-year old plan to convert a 2,700-square-foot retail space into a synagogue at the Heritage at Trump Place may have collapsed, but the parties involved are trying to save it. In May, Bank of America initiated $1.2 million in foreclosure proceedings against a rabbi-to-the-real-estate-stars, a top-selling residential broker and a developer involved in the synagogue plans. According to the complaint, filed May 23, Rabbi Yishayahu Yosef Pinto, Ilan Bracha, who runs the Manhattan office for Keller Williams Realty, and his partner in development deals at B+B Investment Group, Haim Binstock, defaulted on their loan for a portion of Heritage at Trump Place at 240 Riverside Boulevard at 70th Street.

    “As of May 16, 2011, the principal balance due and owing under the terms of the note was $1,207,694.24,” the filing says. Payments due to BofA have not been made since January, according to the filing. All three men are cited as part of the LLC — Pinto Bracha & Binstock LLC — that is named on the lien, according to city records. But attorneys for Pinto, Bracha and Binstock from the firm Mitofsky Shapiro Neville & Hazen fired back late last month. … [more]

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    New Director of Residential Rentals Declan Devlin and Keller Williams CEO Adina Azarian

    Keller Williams continued its Manhattan hiring spree today, naming Declan Devlin the director of residential rentals, effective May 31. Devlin was most recently a senior vice president at Best Apartments, and said he had been looking to take a position elsewhere because his “upside was limited” at Best Apartments. While Keller Williams Chairman Ilan Bracha and CEO Adina Azarian have made their focus on exclusive listings known, they chose a director with little experience in that realm. “Exclusive listings are completely out of my range of experiences,” Devlin told The Real Deal, “I’m completely new to that form of the business.” But Devlin said he is very comfortable presenting in front of landlords, and as when it hired Azarian as the firm’s CEO, Keller Williams has demonstrated its preference for a certain character trait over a set of experiences. TRD[more]

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    Adina Azarian

    Ilan Bracha has nabbed a leader for the New York City division of Keller Williams he helped
    launch last month: Adina Azarian. Azarian joins Keller Williams NYC from Adina Equities, a
    boutique firm she founded in 2002 that specializes in Manhattan rentals.
    Azarian is set to join Bracha in his Trump Tower office on Monday, after she spends the
    remainder of this week in California familiarizing herself with Keller Williams’ culture in one of
    its longstanding markets.
    With the move, she gets the opportunity to raise her own profile and lead more agents on a larger platform, without watching the company she built vanish under a larger firm. … [more]

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    Rabbi Pinto, 409 East 58th Street (source: PropertyShark)

    While Rabbi Yoshiyahu Yosef Pinto is revered in many New York City real estate circles for his insights and advice, an article from the Jewish Daily Forward has called into question whether Pinto is as reliable an advisor as he’s believed to be. An investigation by the paper shows that Pinto’s non-profit organization, Mosdot Shuva Israel, is in dire financial straits, and that the rabbi himself may not be adhering to the modest lifestyle he espouses. The Forward found that the Rabbi to the real estate stars’ $6.5 million Manhattan townhouse — which is technically owned by Mosdot Shuva Israel — is currently at risk of falling into foreclosure, and that the non-profit itself hasn’t paid off a $48,000 judgment resulting from its failure to obtain workers’ compensation insurance. … [more]

  • Agent Vickey Barron has left Prudential Douglas Elliman, according to Core, the boutique residential brokerage where she’s starting on as a managing director. Barron’s move follows a recent exodus from Elliman, that has included high-profile agents Tamir Shemesh, who left for the Corcoran Group, and Ilan Bracha who launched a new Keller Williams franchise. Shaun Osher, CEO of Core, said he expects Barron to be “an educator and innovator” at Core. TRD [more]

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  • The Real Deal on the town…

    February 25, 2011 07:37PM

    The Real Deal has had an action-packed schedule. We hit up the Charity: Water event at 123 East 10th Street, the largest and priciest home available in the East Village, hosted by Rubicon Property. We stopped by Core’s cocktail party on the 17th floor of 812 Fifth Avenue, which was recently redesigned by architect Joseph Dirand. We also dropped by the Griffin Court condominium in Hell’s Kitchen, where Gumley Haft Kleier was hosting a viewing party of this week’s HGTV’s realty reality show “Selling New York.” Meanwhile, back at the office we were letting our fingers do the walking and got some fun nuggets. Click here for more. … [more]

  • Two top celebrity brokers join Elliman

    February 24, 2011 07:20PM

    From left: Dennis Mangone and Michael Bolla

    By Sarabeth Sanders and Amy Tennery

    Michael Bolla and Dennis Mangone — both larger-than-life types with rosters of high-profile clients to match — have joined the city’s largest residential brokerage, bringing in some celebrity cachet after the recent departure of a certain pair of Israelis.

    Those are, of course, former managing directors Ilan Bracha and Tamir Shemesh, who until recently had sat at the helms of Prudential Douglas Elliman’s first- and fifth-ranked teams. Bracha left at the start of the year to launch the first Manhattan franchise of Keller Williams, while Shemesh followed a few weeks later to join the Corcoran Group. Shemesh told The Real Deal at the time that the similarly-timed departures were “purely coincidence.”

    So too, it seems, are the new hires, as Elliman has apparently been after both Bolla, who had been running his own boutique brokerage operation for the past two decades, and Mangone, a top broker at Brown Harris Stevens, for years. … [more]

  • Bracha loses Azure in move from Elliman

    February 18, 2011 05:41PM
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    From left: Ilan Bracha, Azure, Elliman agent Ammanda Espinal, Cassa Hotel & Residences

    For the time being at least, the Azure condominium is staying with Prudential Douglas Elliman rather than following super-broker Ilan Bracha to his new company, Keller Williams New York City.

    Bracha, formerly an Elliman agent, has been marketing the 34-story Yorkville tower with his team since March 2010, when he took over for Brown Harris Stevens. (Since the real estate downturn hit, many developers have tried switching brokerages to help boost sales at new condominiums.)

    Then, in January, Bracha launched the first Manhattan franchise of Keller Williams, a firm with some 80,000 real estate agents throughout North America. He brought several of his Elliman team members with him. … [more]

  • The Real Deal on the town…

    February 10, 2011 06:39PM

    By Yaffi Spodek, Candace Taylor and Amy Tennery

    alternate text

    After a mid-winter lull, The Real Deal is back in the swing of things, hitting up the week’s most exciting real estate events. We quizzed the experts at the Young Jewish Professional’s networking event, including Ilan Bracha, the New York Keller Williams franchise honcho who recently defected from Prudential Douglas Elliman, Crown Acquisitions CEO Stanley Chera, and Charles Bendit, the Taconic Investment Partners CEO, whose company recently sealed a $1.8 billion deal with Google. Also, we mingled at Soho rental building 55 Thompson’s cocktail mixer and caught up with Elizabeth Stribling, founder of Stribling & Associates, at the Brooklyn Roundtable, where she gave us the scoop on her move out of Manhattan. Click here to see more. … [more]

  • UWS synagogue in danger of foreclosure

    February 09, 2011 01:09PM

    From left: Ilan Bracha, Rabbi Yishayahu Yosef Pinto and 240 Riverside Boulevard (building photo credit: CityRealty)

    The wife of a developer wrote a $56,000 personal check in an effort to stop foreclosure proceedings on a proposed synagogue site for Yishayahu Yosef Pinto, a rabbi with strong ties to the real estate world, the Wall Street Journal reported. For the last several years, Pinto has been raising money to open a synagogue on the ground floor at the Heritage at Trump Place condominium at 240 Riverside Boulevard. In 2008, Ilan Bracha — who recently left Prudential Douglas Elliman to open a Manhattan office for Keller Williams — and his B + B Investment Group partner, developer Haim Binstock, paid $1.65 million for the 2,700-square-foot space, with plans to donate it for the rabbi’s use. … [more]

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  • alternate text
    From left: Tamir Shemesh, Pamela Liebman, Howard Lorber and Dottie Herman

    Another top team is leaving Prudential Douglas Elliman, the city’s largest residential brokerage.

    Longtime Elliman broker Tamir Shemesh today announced that he is moving to the Corcoran Group — Elliman’s primary competitor — with his team of seven people. The move is the second high-profile departure for Elliman since the New Year. In January, super-broker Ilan Bracha — head of the top-ranked team at Elliman — left to launch the first Manhattan franchise of Keller Williams.

    “I was ready for a change,” said Shemesh, who was a managing director at Elliman. “I found an opportunity at Corcoran, so we did it.” … [more]

  • Prodigy replaces Bracha at the Centurion

    October 15, 2010 08:30AM

    From left: Ilan Bracha, Rodrigo Nino, the Centurion

    Less than a week after Prudential Douglas Elliman’s Bracha Group ousted Prodigy Network as the sales team at Cassa NY Hotel and Residences, the


  • $145M in new financing for Azure

    October 14, 2010 11:30AM

    Elliman’s Ilan Bracha is marketing the Azure.

    HSBC and four other institutions have agreed to convert their $145 million construction loan into a shareholder loan at the Azure, at 333 East 91st Street, a 34-story residential tower which was the site of a fatal crane collapse in 2008. The developers of the Azure, the Mattone Group and the Dematteis Organization, said yesterday that their financing is intact and they are on track to sell the 93 apartments left at the 128-unit building, Crain’s reported. The new shareholder loan will allow the building to continue to operate while the developers sell units. As each unit is sold, the loan is paid down. “A year ago this would have been difficult to achieve,” said Douglas MacLaury, senior vice president at the Mattone Group. “This indicates that credit is beginning to flow back into real estate and is a testimony to the confidence lenders have in the building.” Ilan Bracha’s the Bracha Group at Prudential Douglas Elliman is handling marketing, after replacing Brown Harris Stevens. So far, seven units have closed and nine are scheduled to close shortly. An additional 19 units are under contract. [Crain’s]


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    Cassa NY, Ilan Bracha and Rodrigo Nino of Prodigy

    The developers at Cassa NY Hotel and Residences have swapped brokers, after roughly 40 percent of the Midtown project’s 57 units sold. Prudential Douglas Elliman’s the Bracha Group, led by I … [more]

  • alternate textFrom left: LeBron James and Rabbi Yishayahu Pinto

    From the South Florida website: Rabbi Yishayahu Yosef Pinto, a rabbi to the real estate community, has another star follower, with new Miami Heat superstar LeBron James reportedly turning to the Israeli rabbi whose American operations are based in New York, for business and spiritual guidance. James was seen in New York yesterday at a meeting on a private yacht with business executives and Pinto, according to, which first broke the story. (note: correction appended) The specific nature of the meeting was not clear, although James is said to have paid Pinto a six-figure sum to participate in the meeting.