BY AL BARBARINO

Ariel Property Advisors has arranged the sale of a five-story Upper West Side multifamily property at 313 West 77th Street for $5.2 million, The Commercial Observer has learned.

The 5,900-square-foot, 17-foot wide walk-up building was sold at auction on behalf of the trustee overseeing the disposition of the former co-op which had fallen under bankruptcy protection.

3The 11-unit property is located on the north side of West 77th Street between Riverside Drive and West End Avenue in the West End–Collegiate historic zoning district and includes roughly 1,046 square feet of air rights.

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BY GUS DELAPORTE

Manikay Partners has signed a six-year sublease from Marathon Asset Management for 8,828 square feet at One Bryant Park, also known as the Bank of America Tower, it was announced this week.

“We surveyed the market and Manikay was primarily looking for something that was built already with a term of less than 6 years and this fell right into the sweet spot,” Dan Turkewitz, senior vice president at Jones Lang LaSalle, who represented the subtenant, told The Commercial Observer.

Manikay Partners, which focuses on opportunistic trading, arbitrage and investment, is currently headquartered in the Seagrams Building at 375 Park Avenue and will relocate to a portion of the 2.1 million-square-foot building’s 39th floor in the next few months. The sublandlord of the space, Marathon Asset Management, is a credit and fixed income investment manager with over $10 billion in assets under management.

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BY BILLY GRAY

A team from Winick Realty Group is exclusively marketing 14,000 square feet of retail space at 1 Flatbush Avenue, The Commercial Observer has learned.

Winick Vice President Darrell Rubens and Senior Managing Director Diana D. Boutross are marketing the space on behalf of Capstone Equities. It includes 7,000 square feet on the ground level, 7,000 square feet on the second floor. There is also a 5,000-square-foot basement.

The address, which Winick describes as the “Gateway to Fulton Mall,” is on the highly trafficked corner of Flatbush Avenue and the Fulton Street pedestrian plaza lined by stores including Armani Exchange, Century 21, H&M, Macy’s, Target and Victoria’s Secret.

“Williamsburg is cool, but it doesn’t have big box retailers like this area,” said Mr. Rubens. “And every major tenant there is expanding.”

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BY MICHAEL EWING

The Real Estate Board of New York is hosting a panel on the thinking behind some of New York’s most active real estate investors and the future of New York. Peter Kozel, chief economist of Colliers International, will moderate the panel.
REBNY Crossfire Event 2013: Today’s Money, Investing, in New York’s Future, REBNY Mendik Education Center, 570 Lexington Avenue, Lower Level, 5:30-7pm; visit www.rebny.com for more information.

The Metropolitan New York Chapter of the Appraisal Institute is hosting a luncheon, entitled “Toll Brothers Take Manhattan... and Other Boroughs." David Von Spreckelsen, a vice president and division president of Toll Brothers, will serve as a guest speaker.
Metro New York Chapter of the Appraisal Institute Luncheon: Toll Brothers Take Manhattan... and Other Boroughs, Club 101, 101 Park Avenue, 11:30 am to 2pm; For more information, call 866-966-3710.