Business News

NEW YORK, NY—Following the recent success of its first-ever auction for a luxury condominium development in New York City, California-based Real Estate Disposition, LLC (REDC), the nation’s largest and preeminent real estate auction company—which has auctioned an industry-leading 60,000 properties for $6.1 billion in the last two years—has tapped Alex Abrams,

CHICAGO—The U.S. Environmental Protection Agency (EPA) has named Jones Lang LaSalle 2010 ENERGY STAR® Partner of the Year for its accomplishments in significant energy and financial savings through successful strategic energy management programs on behalf of clients and commitment to save energy across its entire operation.

NEW YORK, NY—L haus condominium, located in Long Island City, is pleased to announce that the New York State Attorney General’s office has declared the building’s offering plan effective.  Closings have already begun and buyers are moving into their new residences. Located just minutes from Manhattan, the 11-story building offers residents the opportunity to purchase a new, move-in ready home.

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.

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.

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.