Real estate in brief

New York /
Nov.November 02, 2009 06:50 PM

Additional REBNY award handed down to posse

The founders of the New York Residential Specialist committee, a post-graduate program aimed at educating existing brokers, received the Real Estate Board of New York’s Special Recognition Award for Outstanding Service during REBNY’s annual gala award ceremony. The committee, headed up by Alan Pfeifer, an executive vice president at Prudential Douglas Elliman, was honored for creating a designation course that “attract[s] top industry brokers to help ‘raise the bar’ in New York City by demonstrating ethics, professionalism and leadership,” according to a press release sent by REBNY today. Other founding members of the committee include Rena Goldstein, a senior vice president at Halstead Property, and Nancy Teague, a senior vice president at Brown Harris Stevens.

Moinian Group donates one year of rent-free living at Dwell95

The Moinian Group announced yesterday that it has donated one year of rent-free living to a silent auction hosted by lung cancer research foundation Joan’s Legacy: Uniting Against Lung Cancer. The studio apartment, located at the Moinian Group’s luxury rental development Dwell95, designed by the Yoo by Starck team, at 95 Wall Street, will be auctioned off at the foundation’s annual benefit Nov. 18. Bidding for the studio apartment will take place online prior to and during the gala at Gotham Hall located at 1356 Broadway on the corner of 37th Street.

Starwood hotels sells Bliss Spas for $100 million

Starwood Hotels & Resorts Worldwide has signed an agreement to sell the Bliss Spa and product company to Steiner Leisure Limited for $100 million, according to a press release sent yesterday. However, the Bliss and Remede spas at W Hotels and St. Regis Hotels will remain exclusive to Starwood as part of the transaction. The sale was made so that Starwood could focus more on its global hospitality business, according to a statement from Starwood CEO Frits van Paasschen.

Durst Organization renews Citibank line of credit for two years

The Durst Organization announced yesterday that it has renewed a $200 million revolving line of credit from Citi Private Bank for two years. The line of credit, which was established in 2005, will be used for the acquisition of distressed properties and debt by the Durst Organization. “We see this loan as demonstrative of the beginning of a return to normalcy and confidence and an important sign of the larger economy’s improvement,” Jonathan Durst, Durst Organization co-president, said. TRD


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