The Real Deal New York

Corrections and clarifications for August 2012

August 02, 2012 01:15PM

Correction: In an August 1 Web story, The Real Deal misstated Debra Barbanel’s title. She is the managing director and head of the real estate practice at Russell Reynolds Associates.

Correction: In an August 6 Web story, The Real Deal misstated that Chatwal sold the management rights of the Dream Downtown to Wyndham Hotel Group. In fact, Chatwal entered into an exclusive franchise agreement with Wyndham Hotels and Resorts, but continues to own and operate the property.

Correction: In an August 9 Web story, The Real Deal reported information from a New York Post article that was incorrect. Kickstarter bought the building for $3.6 million, not $7.5 million. Further it never confirmed the value of a round of financing that the Post called “recent” but was actually finalized in March 2011. Finally, the building photo has been corrected.

Correction: Citing the New York Post, The Real Deal incorrectly said William Friedland Company bought the building at 706 Madison Avenue in an August 14 Web story. In fact, it was Friedland Properties that made the purchase.

Correction: In an August 23 Web story, The Real Deal failed to indicate that the Deutsche Bank executive behind the Kingsbridge Armory ice rink proposal, Kevin Parker, is now retired.

Clarification: In an August 21 Web story, The Real Deal failed to note that the Mark Hotel was recapitalized earlier in 2012 to allow for sales to relaunch and therefore no longer “financially troubled.”

Correction: In an August 24 Web story, The Real Deal cited information from the New York Post that the square-footage of 501 Broadway was 9,200 square feet. According to Itzhaki Properties, it’s actually 9,100 square feet. But documents filed with the Department of Finance appear to show the Post’s reading is accurate.

Correction: In an August 24 Web story, The Real Deal incorrectly said Toll Brothers was barred from developing the Gowanus Canal site. It was not prohibited from building its planned project but the EPA alleged the firm didn’t thoroughly investigate the potential dangers that could arise from construction on the site.

Clarification: In an August 29 Web story, The Real Deal mischaracterized Prudential Real Estate Investors CEO Allen Smith’s statements about the firm’s 11 Times Square investment.