The Real Deal

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NYC real estate in brief

Kathryn Higgins, a founding member of the Manhattan Association of Realtors trend committee

Manhattan Association of Realtors launches trend group
The Manhattan Association of Realtors has created a market trends committee that will discuss and compile trends that association members are seeing in the market. The group will meet monthly to discuss the market and create a report on current trends. The founding members of the committee include Zhann Jochinke of Argo Residential, Kathryn Higgins of DJK Residential and David Thompson of Klara Madlin Real Estate.

Students respond to Columbia expansion in exhibit
Sixth-graders at PS 161 will present their designs of Manhattanville and West Harlem as a response to Columbia University's expansion plan in an exhibit called "Manhattanville: On the Cusp of Change." For the past three years, the students at PS 161 have been studying the history and architecture of Harlem, and documenting changes around their school. Columbia University's office of government and community affairs arranged field trips for the students, who also interviewed people living and working in the area. The exhibit will be held June 16 from 6 to 8 p.m. at Aaron Davis Hall, 138 Convent Avenue.

Carlton Group opens Los Angeles office
New York-based real estate investment bank Carlton Group has expanded its loan sale, equity advisory and merchant banking business into Los Angeles. The Carlton West Coast office has already started business and is currently marketing a $170 million portfolio of notes and REO assets in California and Nevada for a West Coast financial institution. Carlton has hired Shlomi Ronen, Farzin Emrani and Steven Yazdani as managing directors of the Los Angeles office, which is located at 1801 Avenue of the Stars. Ronen, Emrani and Yazdani previously worked together at Los Angeles-based real estate investment banking firm George Smith Partners. TRD