News
WHO'S BUYING CONDOS?
May 9, 2012
| Silicon Alley employees are the most active new condo buyers— and don't forget the Manhattan gold standard is being able to walk to work (and maybe see one of the Rangers on the way), we learned from attendees at last week's Bisnow Silcon Alley Real Estate Summit. (See previous coverage here.) |
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| In fact, Halstead's Karen Heller (right) tells us that there aren't enough condos to meet demand, which is driven by rising apartment rents (renewals between 12% and 15%). She recently closed on a brand-new condo sale at 333 E 91st St's Azure. Joining her areCuddy & Feder's Chris Fisher and Alianza Services' Karolina Graves and Dawn Cannon. Chris, as an attorney, reps wireless companies, tower companies, and those building wireless communications systems with real estate contracts and regulatory permitting. |
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| We also snapped Newmark Grubb Knight Frank's Eric Cagner, Workwell Partners' Robert Pannell, StructureTone's Cat Trenner, CBRE's Sam Seiler, and View the Space's Andrew Flint. (It was blue and yellow tie day.) Eric tells us he's repping the owner of SoHo's 11 Greene St, a ground-up development with five office floors (high ceilings) totaling 80k SF, 7,600 SF of ground-floor space, and a roof deck, ready for possession in Q1 '14. |
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| Brookfield Office Properties' Kent Tarrach and Alexander Liscio(right, with Real Data Management's Blake Grosch) tell us NYC office leasing is pretty darn active, considering two 1M-plus SF deals so far this year. Of course, Brookfield's renewal and expansion of Morgan Stanley at One New York Plaza was one of 'em. Check back Monday to hear more from great sponsors Real Data Management and View the Space. |
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| Joe Harkins, flanked by Cogswell Realty's Paul Jaffee and Anthony Stapleton, tells us that on Monday he made move from Grubb to Cushman, where he began his career in '83. |
