Wednesday April 24, 2013
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| Commercial Observer Power 100 Reader's Poll |
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BY THE EDITORS
Since 2008, when The New York Observer launched its annual Power 100 rankings of real estate professionals, the responsibility of selecting, promoting and demoting the city’s top brokers and developers laid solely on our editorial staff.
But in a twist this year, we’re asking you, our online readers, to make the tough calls. Between today and Friday, we’re asking you to rank the professionals of your choice to let us know where they truly belong. To help in the task, we’ve included a list of suggested professionals for you to drag to the right side of the screen.But if someone you support isn’t included, be they from the residential or commercial sectors, simply write them in and click submit. Feel free to select as many, or as few, people as you desire, and make sure to get out the vote.
We’ll be unveiling the final results of the poll on Monday, April 29 and releasing our official Power 100 rankings in print and online on Tuesday April 30.
To vote for the most powerful real estate professionals, click here.
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| Judge Rules in Favor of Queens Landlord Who Used Surveillance to Track Absentee Tenant |
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BY GUS DELAPORTE
Big Brother is watching.
Like something out of a spy movie, residential building owners are now using private investigators and hidden surveillance to track down absentee tenants in rent stabilized buildings.
In a recent case, law firm Rosenberg & Estis represented Blair Hall Inc., the owner of a 200-unit rent stabilized building in Queens. Using surveillance techniques, the firm was able to ascertain that tenant Janina Vilcek’s primary residence was in the state of Florida.
In a decision dated February 13, Judge Gilbert Badillo of the Housing Part of the Civil Court of the City of New York in Queens, awarded possession of the apartment to Blair Hall, Inc.
To read the full story, click here.
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| Two Midtown East Retail Spots Hit Market |
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BY BILLY GRAY
A team from Winick Realty Group is exclusively marketing two retail properties totaling 6,400 square feet on behalf of Abington Holding, The Commercial Observer has learned.
Winick President Steven E. Baker, Director Michael Gleicher and David Lawford will market a built-out lounge at 125 East 54th Street with 400 square feet of ground floor space and a 3,600-square-foot subterranean floor with 14-foot ceilings. The spot currently houses The Volstead, a nightspot named after late congressman Andrew Volstead, the father of prohibition.
A lease here could include the transfer of the existing property's liquor license, a coveted perk among restaurant and nightlife operators. "This is not typical of New York City retail," Mr. Baker said in a prepared statement.
To read the full story, click here.
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| UWS Residential Towers Sell for Record $400 M. |
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BY AL BARBARINO
A joint venture led by The Carlyle Group has sold two newly-developed residential towers on the Upper West Side for a reported $400 million to the California Public Employees’ Retirement System.
Completed in 2010, the The Aldyn and The Ashley, 38 and 23 stories-high, respectively, include a mix of rental and condominiums for a total of 345 units and a mixture of studio, one-, two-, three-and four-bedrooms that average roughly 1,000 square feet.
The Sacramento-based pension fund, also known as Calpers, made the purchase through Boston-based GID Investment Advisers LLC, its real estate manager for residential transactions.
To read the full story, click here.
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