Business News

NEW YORK, NY—Real estate industry veteran Daniel Hollander announced the formation of Daniel Hollander & Associates (DHA), a national investment and development consulting firm.

NEW YORK, NY—Adams & Co. Real Estate, LLC recently completed the following transactions:

    * A seven-year, 2,100-square-foot lease at 55 W. 39th St. for Perry & Joseph, LLC.  Joseph Friedman of Adams & Co. represented the tenant while Alan Sinovsky of Sinovsky Realty Services, LLC represented the landlord in the transaction.  Asking rents were $30 per square foot.

NEW YORK, NY—The Building Owners and Managers Association of Greater New York (BOMA/NY) has named two W&H Pre-War Trophy properties—the Empire State Building and One Grand Central Place—as 2010 Pinnacle award winners for the Historical Building of the Year and the Operating Building of the Year (over 1,000,000 square feet), respectively, announces Anthony E. Malkin, president of W&H Properties.

NEW YORK, NY—Shiseido Americas Corporation, the U.S. subsidiary of Japan’s largest cosmetics company, has renewed its lease on its 35,000-square-foot U.S. headquarters at 900 Third Avenue in Midtown Manhattan.

Senior Managing Director John Mambrino and Managing Director Nicholas Farmakis of international commercial real estate services firm Studley represented Shiseido in the transaction.

OJAI, CA—RESPONSIBLE LUXURY joined the Bazzeo family in late 2009, with a showroom showcasing the full Bazzeo line slated to open in early spring 2010.

LONDON—More than 70% of real estate owners and investors say they are ready, willing and able to buy property in 2010, suggesting that this could indeed be the year that global acquisition activity resumes in earnest.
 

NEW YORK, NY—Sierra Realty Corp. has coordinated a new lease and expansion at the Greeley Square Building at 875 Sixth Avenue for long-term tenant, Interdyn AKA, a leading partner dedicated to the sales, consulting, service and support of Microsoft Dynamics. A tenant in the building since 2000, Interdyn AKA will move to a 9,145-square-foot space, comprising the entire 20th floor of the building, from a second floor, 6,000-square-foot office.

NEW YORK, NY—In Chelsea, a striking new residential tower has just risen and is now opening its doors at 312 11th Avenue, across the street from the north entrance to the High Line and just one block from the green expanse of the soon-to-open Hudson River Park.

NEW YORK, NY—Ernst & Young announces that Kevin Nishioka and Dawn Timan, two new senior managers, have joined the Ernst & Young LLP's real estate tax practice.

Kevin Nishioka, joined in May, as a senior manager in the Ernst & Young tax practice. He has 13 years of big four public accounting experience. Nishioka is a graduate of California State University, Sacramento and is a member of the California Society of CPAs, the American Institute of CPAs and NAREIT.

NEW YORK, NY—Winick Realty Group is pleased to announce that it has been appointed the exclusive retail leasing agent by TF Cornerstone to handle 11 properties with over 50,000 square feet of retail space. In particular, Winick is marketing more than 28,000 square feet of available retail space at 455 and 505 West 37th Street. These brand new residential towers are part of a mixed-use complex comprised of retail and apartments that span both sides of Tenth Avenue between 37th and 38th Streets.