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The Deal Sheet

New York
The Knickerbocker isn't Ashkenazy Acquisitions' only highlight this week. It joined The Carlyle Group in the $355M refinancing of 650 Madison Ave., one of the largest single-asset refinancings in NYC since '08. The 27-story, mixed-use property's mortgage loan was provided by Wells Fargo Bank's National Association and the NY branch of the Industrial and Commercial Bank of China. This also marked the first time ICBC financed a large US CRE transaction. The JV purchased the asset in '08, and has since leased more than 288k SF in the building, now 95% occupied.
Sales There may have been a changing of the green at the Hampshire Country Club at 1107 Cove Rd. in Mamaroneck, but don't worry-new owners Westport Capital Partners and New World Realty Advisors plan to reopen the facility. The JV paid $12.1M for the 116-acre country club, which was fully redesigned and renovated in '06 to include a new clubhouse, golf and tennis pavilions, and upgraded dining and entertainment facilities. CBRE's William Cuddy Jr. and Budd Wiesenberg repped the club's Board of Directors.***

We hope there's plenty of space out front to park the ubiquitous baby carriages that define Park Slope. Massey Knakal sold a four-family building at 417 3rd St. in Brooklyn for $2.3M. The firm's Ken Freeman exclusively handled the transaction.


A made-for-TV move? Journalist Bill Moyers is moving production company Public Affairs Television and foundation Schumann Center for Media & Democracy to a 6.3k SF pre-built space at 250 W. 57th St. Both are currently based at 450 W. 33rd St. and plan to occupy the new space in July. The building also just signed another renowned tenant-hedge fund manager and former Wall Street Journalreporter Neil Barsky, who inked a 4.4k SF pre-built lease for his Barsky Ventures. Cushman & Wakefield's James DeLuca repped Bill Moyers, while the firm's Haley Klein and Alexander Chudnoff repped Barsky Ventures. C&W's Barry Zeller and George Fabian represented owner W&H Properties in both deals.


Using the market as an opportunity to "right size" its space, AIPSO inked a 10-year, 6.8k SF lease at 10000 Midlantic Dr. in Mt. Laurel, NJ, allowing it to remain in the same office park it's called home since '97, yet reside in higher quality, more efficient space at a lower rental rate. Studley's Marc Shapses and Robert Bull repped the tenant, which will move to the third floor of the Brandywine Realty Trust-owned building in October.


You'll have a chance to belt your favorite song at The Marc luxury rental apartment complex at 900 Eighth Ave., where Duet Karaoke Bar plans to move into a 6k SF retail space by the end of '10. This is the karaoke bar's third location, which has already opened storefronts on W. 35th Street and E. 48th Street. Independent broker Fuminori Yokoyama repped the tenant, while Winick Realty Group's Darrell Ruebens and A nnie Shinn repped owner The Moinian Group.


Here's another restaurant that New Yorkers can salivate over not having: the eight-flavors-of-crust monger Hungry Howie' s, which has opted to open its first new restaurant in Connecticut. The pizza franchise inked a 2k SF lease at 521-547 Boston Post Rd. in Orange, and was repped by Aires Deitch & Endelson's Bill Grad. RHYS Commercial's Kristen Martin represented owner Elm Street Partners. RHYS' Dominick Musilli also repped sports-themed barber shop Sports Clip in its 1.3k SF lease at 2395 Black Rock Tpke. in Fairfield (landlord rep: Lawrence Roberts Real Estate's Lawrence Roberts) as part of the retailer's aggressive expansion in The Constitution State.


Judging from the influx of "Watch The Gap" signs plastered all around Penn Station, we think 14 Penn Plaza is the perfect spot for personal injury attorneys The Taub Law Firm, which just inked a seven-year, 1.8k SF lease (and yes, slips, trips, and falls is one of their specialty areas). Dakota Realty's Jay Futersek and Ephraim Elazary repped the owner. Also in the neighborhood: Park Hudson International signed a 10-year, 5.6k SF lease at 212 W. 35th St. for its growing HR and staffing biz. The Kaufman Org.'s Barbara Raskob repped the tenants in both deals, and also the landlord of 212 W. 35th.

Construction & Development

Even though it's almost time for no more books and teachers' dirty looks, the Upper East Side celebrated the opening of the first new public school in the neighborhood in almost 50 years. The East Side Middle School, located at 331 E. 91st St., is also the first privately financed public school building project to be completed in NYC by the Educational Construction Fund since '80. The new 80k SF facility expands the school's capacity from 350 to 540 seats, including space for a District 75 special education program. It's part of a mixed-used project developed by The DeMatteis Orgs. and The Mattone Group, which includes the school, a 241k SF residential and retail building, and 155 co-ops.

Executive Moves

Simon Wasserberger joined L&L Holding Co. as managing director, where he will focus on leasing and working with L&L's asset management division. He was previously with CBRE and at Tishman Speyer. He's a Boston University grad.


Gus Poulopoulos joined NAI Global as executive managing director for corporate services. Previously, he was a founding partner at United Systems Integrators Corp., which was sold to Johnson Controls, where he served as VP of real estate delivery. He's a graduate of Fordham and NYU.


Joseph Nitti and John Kainer joined Colliers International as respective managing director and senior managing director of its industrial practice group, based in NJ. They're responsible for expanding Colliers' industrial real estate services in the Garden State, and will assist in recruiting other industrial specialists across the region. Joe was previously prez of the industrial division for Sitar Co., and is a graduate of the US Merchant Marine Academy. John was VP at Sitar and is a grad of Rutgers.