NYC real estate in brief

January 23, 2009 02:36PM

Staubach Retail changes name
Staubach Retail Services announced the firm is rebranding and renaming itself SRS Real Estate Partners. Roger Staubach sold the Staubach Company to Jones Lang LaSalle in June, but Staubach Retail Services remained an independent company, and the name change is to set it apart from Jones Lang LaSalle’s purchase of Staubach. Roger Staubach and Chris Maguire, former CEO of Staubach Retail, will remain on the SRS Real Estate Partners board and will be equity holders in the firm. “We are proud of our heritage and legacy but now is the time to define ourselves as a separate real estate firm,” Clay Smith, president and CEO of SRS Real Estate Partners, said in a statement.

Papaya King on the market

The beloved Papaya King on the southwest corner of 14th Street and Seventh Avenue is on the market, and BCD Development is leasing the 600-square-foot space. The landlord of the building is looking to write a 10-year lease for the new tenant, with 3 percent annual rent increases. The space has 50 feet of Frontage On 14th Street And Seventh Avenue. Papaya King has two other locations in the city. The original location, at 179 East 86th Street, at Third Avenue, opened in 1932.

Veteran appeals attorney joins Adam Leitman Bailey
Real estate lawyer Jeffrey Metz joined the law firm Adam Leitman Bailey as the managing partner of the appellate bureau. Metz has worked in real estate law for 25 years, and previously work in the appeals bureau of the firm Borah, Goldstein, Altschuler, Nahins and Goidel. According to a release, Metz has argued more than 250 appeals. “By having Jeffrey Metz join our firm, we are one step closer to building the best real estate law firm in New York,” Adam Leitman Bailey, the firm’s founder, told Real Estate Weekly. “Jeffrey is our Jeter, Rodriguez and Rivera all rolled into one.” TRD