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Karsten Strauss

The Sit-Down

Surviving Tragedy: Corey Abdo on Life After David Winoker

Winoker Realty Principal, Corey Abdo.

In June, Winoker Realty—a second-generation real estate investment and services firm, strong in the Garment District and beyond—lost its president and principal, David Winoker, in a skydiving accident that rattled the real estate industry. In the wake of his death, Corey Abdo, the firm’s executive vice president and principal, took the reins at the firm. Now, a little more than six months after assuming the top position, Mr. Abdo spoke with The Commercial Observer about riding the tech wave in Midtown South, plans soon to unfold at Winoker and the June 15 day he lost his colleague of 11 years. Read More

Sales Beat

Basic Trust Acquires $3.8M Townhouse for School Use

127 West 94th Street

Basic Trust, a not-for-profit childcare center, has purchased an Upper West Side townhouse to house its programs. The organization paid $3.8 million for the four-story plus townhouse at 127 West 94th Street. The building offers 5,541 square feet. The deal closed late January.

The building is owned by The Mandell School, a preschool and kindergarten through grade 8 school which operates at several locations throughout Manhattan. Basic Trust will move into the 94th street location when Mandell’s current tenant – MCC, an organization serving autistic children – vacates in 2014, said David Lebenstein, senior managing director and principal of Cassidy Turley who represented the buyer. Read More

Sales Beat

The Bowery Mission Acquires 315 East 115th Street for $5.3M

315 East 115th Street traded for $5.3 million on January 10.

Non profit organization, The Bowery Mission, purchased 315 East 115th Street for $5.3 million. The 21,390-square-foot building was sold by Palladia Inc., a non-profit which serves families and individuals struggling with substance abuse, homelessness, mental illness, trauma, domestic violence, behavioral health issues, and assists those transitioning from the criminal justice system.

The 50-foot wide, six-story Read More

Food & Drink

The Sony Building: More Shops and Food?

550 Madison: how will the building's retail and food options evolve?

Changes are in store for the Sony Building, as the Japanese multinational has agreed to a deal trading its iconic New York headquarters at 550 Madison Avenue to the Chetrit Group. But what will become of the building’s retail offerings?

New York retail oracle, Robert K. Futterman, said he sees an enhancement on the way Read More

Lease Beat

HarperCollins Lands at 195 Broadway

HarperCollins has leased 180,000 square feet at 195 Broadway.

Publishing monolith, HarperCollins, signed 180,000-square-foot lease at 195 Broadway. The 15-year lease, signed January 25, will give the company four-and-a-half floors of the 1 million+ square foot building.

“Coming as it does on the heels of the recent Conde Nast signing at 1 World Trade Center, this becomes a very significant and transformative leasing transaction Read More