Suzanne Sunshine is the president of newly formed company S. Sunshine Associates. Founded in June, the company provides commercial and residential real estate services to non-profit organizations, donating a percentage of its fees back to each client. Sunshine was previously the vice president of the New York non-profit practice group at CB Richard Ellis, where she closed more than 200,000 square feet in real estate transactions for non-profits. Prior to joining CBRE, she was the director of the New York non-profit advisory group at Cushman & Wakefield, where she developed its first specialized department for nonprofits. Sunshine is the daughter of legendary real estate marketer Louise Sunshine, and worked as executive vice president of new business development at her mother’s company, the Sunshine Group, from 1998 to 2001. Sunshine spoke with The Real Deal about her new venture and the plight of non-profit organizations in the current economic downturn.  More
[more]

Available units in high profile buildings are lingering on the resale market,
and few people are stepping up to buy them. At Trump International last
week, 19 apartments were listed for sale, including the $28 million
penthouse owned by Italian film producer Vittorio Cecchi Gori. At 15
Central Park West, 16 apartments are for sale, and the Plaza has 33
listings, including a six-bedroom apartment that includes what was once
the Frank Lloyd Wright suite. Adam Modlin, a principal of the Modlin
Group, said buyers are looking to purchase homes at “what they think
prices will be in six months,” and are waiting for prices to drop
further. Louise Sunshine, founder of the Sunshine Group, is not advising sellers to cut prices. “I would
advise anybody who lives in a quality building to raise their prices
and have patience, because nothing is going to move until people have
confidence,” Sunshine said. [more]