2017 Media Kit Quick Read Year in Review Spotlight New York Real Estate Journal December 20, 2016 - January 9, 2017 Section B Year in REVIEW WENDEL WAS ARCHITECT & ENGINEER FOR WAREHOUSE ADDITION AND RENOVATION Buffalo and Fort Erie Authority SEE SECTION B Julien, Hinckley, achieve LEED Silver certification BUFFALO, NY The Buffalo and Fort Erie • Application of more Rizzi, Scandalios Public Bridge Authority (Authority), than 28% of materials and Rutman of HFF owner and operator of the Peace manufactured using Bridge—an international crossing recycled content; broker $68.875m sale between Buffalo, New York and • Commissioning of Fort Erie, Ontario—received LEED building systems to Silver certification (New Construc- ensure they operate as tion 2009) for their U.S. commercial designed; warehouse addition and renovation • Conversion to new project. The Authority and consul- LED lighting through- tant engineer and architect Wendel out; and targeted credits for certification that • Use of low emitting support the use of sustainable prac- materials for finishes. tices in sourcing materials, encour- The renovated Ware- age energy efficiency, and provide house is projected to a healthy indoor environment for achieve over 22% in occupants. energy cost savings annually. Addi- Targeting LEED certification for tionally, based on the year’s natural this facility aligns with the Author- gas consumption prior to construc- Delitsky and Cotsalas of NorthMarq Cap. ity’s sustainability goals. A few of tion, the new heating, ventilation SEE LOWER COVER OF SECTION C the strategies utilized to achieve and air conditioning (HVAC) system finalize $16m refinance of medical center certification include: that was employed suggests an 86% HUNTINGTON STATION, NY Robert Del- •Adaptive re-use of the facility – reduction in emissions annually for itsky, senior vice president/managing H2M and DASNY over 76% of existing structural items the Warehouse. director of NorthMarq Capital’s New were reused; The project team leveraged the break ground • Diversion of over 84% of onsite NYSERDA Commercial New generated construction debris from Construction Program for Whole on $5.5 million the landfill; Building Design and Green Services, for the borrower, Huntington Station women’s facility • Water efficiency strategies that which provide incentives based on Properties, LP, through Flushing Bank. reduced potable water usage by energy efficiency, commissioning The bank’s team was led by Ronald over 42%; and LEED certification. Hartmann and Timothy Lynn. “The Huntington Medical Center Robert Delitsky Charles Cotsalas has been successfully serving the York City office and Charles Cotsalas, local community for over 50 years,” Rudin passes away at age 92 years old senior vice president of NorthMarq said Delitsky. “Last year the medical NEW YORK, NY According to the Rudin Capital’s Long Island-based regional practice merged with NYU Langone family, Jack Rudin, husband, father, office, collaborated to arrange the $16 Medical Center which shows a great million refinance9:41 AM of Huntington100% Medi- commitment to the 9:41area. AM Flushing100% stepfather, grandfather, uncle, February 21 - March 6, 2017 New York City great-uncle, and great great-uncle Section B cal Center, a 66,316 s/f medical office Bank is a community bank that has Quick Read has passed away. Rudin was chair- Singer and building located at 180 East Pulaski been providing commercial financing McSharry of Singer SEE COVER OF SECTION D man of Rudin Management Co. and & Bassuk arrange Rd. NorthMarq arranged financing options for much of its 87 year history.” $65m refinance one of the city’s leading real estate REPRESENTED BUYER, BROOKLYN STANDARD PROPS., AND SELLER, FORDHAM APTS. builders and owners. He was also a Jungreis of Rosewood brokers most dedicated and generous philan- $16.5 million Bronx portfolio sale BRONX, NY Brooklyn Standard Proper- sold for 11.9 times the rent roll, and 4 Sections 116 Pages thropist. He loved the city and along ties, a Manhattan-based realSingh estate in- offers a cap rate of 6.62%. of Besen & Associates handles vestment/development firm, bought Rosewood Realty Group’s Aar- a four-building on Jungreis rep- portfolio, with 74 resented both with his late brother, Lewis, carried apartments, three Brooklyn Stan- th retail spaces, of- dard Properties SEE COVER NYC FINANCE, PAGE 6B fice space and a and Fordham C. Berger .................................. 2A 12-car parking$1.9 lot Apartmentsmillion sale of 180 East 111 St. on a family tradition in business and in the Fordham LLC, the owner Ezratty, area for $16.5 of all four build- Aaron Jungreis million. Benji Kohn ings. Papanastasiou and This is Brooklyn Standard’s first Brooklyn Standard Properties Executive of the Month .........11A public service initiated 91 years ago Bronx acquisition. MANHATTAN,co-founder Benji Kohn said that NY Besen & Associates included the Law Ellard of Eastern The four buildings include: 615 over 80% of the apartments are rent Consolidated East 189th St., a five-story, 22-unit stabilized. The new owners plan to walk-up; two four-story buildings improve the buildings significantly th Professional Profiles .............16A by their father, Samuel, and mother, broker $15.25 at 2476 and 2483-2489 Cambrelengcompleted and offer newly renovated apartments. the sale of 180 East 111 Offices of Shel- Ave. with 38 units between them, and “We love this area which is near Little million sale a five-story, 14-unit mixed-use walk- Italy and Fordham University, and up building at 2470 Belmont Ave. has a great sense of community,” Spot/Year in Review ...... SEC. B May. He was born in the Bronx on The portfolio totals 56,836St. s/f and insaid Kohn. the East Harlem neighborhood. don Glassman Soto and Pastor of Time Equities broker $5m sale June 28, 1924, and passed away Raunaq Singh,615 Eastof 189th Street - Bronx,Besen, NY was as well as Dena New York City ...................SEC. C of 18 condo units at Lagoon Estates in the Bronx peacefully at home, surrounded by Jack Rudin retained for Silverstein,the exclusive Artusa and McGratty listing of of Moss of Moss & NYC Financial Digest ..........6-12C Silverstein Props. extend 265,348 s/f lease MANHATTAN, NY According to Silver- family, on December 4. the propertystein Properties,and full-service lawrepresented firm the Moss LLP. Kramer Levin Naftalis & Frankel LLP has signed Contributing Authors ..... 13-17C a lease extension Funeral services were held lifetime: Memorial Sloan-Kettering seller. The multifamilyat 1177 Avenue of property is a The property the Americas, its class A Midtown tower. Design/Build .................... SEC. D Tuesday, December 6, at 11 a.m. at Cancer Center, the American Mu- Lagoon Estates3-story Condominiums - Bronx, NY walkup buildingKramer Levin, with 4 res- was built in 1890 Roger Silverstein a firm which SEE COVER NYC RETAIL, PAGE 17B BRONX, NY Time Equities Inc. (TEI), Brian Soto, asset manager at TEI. represents pub- Raunaq Singh a full-service New York-based real “Considering the strong long-term lic and private companies across a Central Synagogue on 55th Street seum of Natural History and Jazzestate firm, has acquired 18idential residen- fundamentals presented units. by the range Theof industries, as wellsale as funds, price of $1.9 and consists of 24 Pages tial condominium property, coupled with strong local institutions, and individuals, will oc- units at Lagoon demand the property, we are looking cupy 265,348 s/f on the 22-30 floors Names Faces .......................... 5B Estates Condo- forward to maximizing the potential and concourse level. Kramer Levin nyrej.com miniums, a gat- of these assets and providing local res- has been a tenant at 1177 Avenue of and Lexington Ave. at Lincoln Center. NYC Finance ...................... 6-12B million was achieved after various two 1-bedroom units and two 2-bed- ed, garden-style idents with quality housing solutions the Americas since 2005 and under Contributing Authors .....13-16B townhouse/apart- in the Throggs Neck community.” the 15-year extension, the firm will president of leasing for Silverstein ment complex Soto, along with TEI’s associate retain its headquarters at the building Properties. NYC Retail ........................17-21B In lieu of flowers, contributions Rudin was born in the ThrogsBrian Soto consistingcompetitive of four director of acquisitions & senior bidding through 2035. rounds.Kramer Levin was The represented by price room units. The total square footage is buildings, locat- counsel, Max Pastor, managed the “We are thrilled to continue our Moshe Sukenik, Chris Mongeluzo, New York ed at 1-60 Patricia Ln., for $5 million acquisition on behalf of the firm. terrific relationship with Kramer and Brian Cohen of Newmark Grubb Real Estate Journal from Lagoon Development Corp. Marc Yaverbaum-MYC & Associates Levin at 1177 Ave. and look forward Knight Frank. The landlord was in his memory may be made to the Neck section of the Bronx. When “Thehe Lagoon Estates acquisitionequated Inc. represented the toseller Lagoon $607 to their continued per success as ones/f, of represented a in-househigh by Silverstein, mark approximately 3,130 with additional Dec. 20, 2016 - Jan. 9, 2017 nyrej.com will integrate seamlessly into TEI’s Development Corp. in the transaction. the premier law firms in New York,” Joseph Artusa and Camille McGratty. following not-for-profits, which he was still young, his family movedgrowing residential portfolio,”for said theFor full story area.visit nyrej.com said Roger Silverstein, executive vice For full story visit nyrej.com air rights available. Volume 28 • Issue 24 so committedly supported in his to Manhattan. The attorneys on the transaction For full story visit nyrej.com Inform. Engage. 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