Sales Beat

Charles Cohen Ventures Downtown With Movie Theater Buy

34 West 13th Street.

Cohen Brothers Realty‘s Charles Cohen has bought the Quad Cinema in Greenwich Village. It marks the first time the company’s president and chief executive has closed a deal downtown.

“I’ve never done anything south of 32nd Street,” Mr. Cohen told Commercial Observer. “I thought given its location and its potential and what my purpose is for it, it was ideal.” Read More

renovations

475 PAS $40M Rehab Nears Completion

Rendering of 475 Park Avenue South

Cohen Brothers is finishing up a $40 million multiyear renovation at 475 Park Avenue South that will transform the exterior of the building with seamless high-tech expansive windows and a white frit pattern, Commercial Observer has learned.

“Nobody’s spending that kind of money” for a commercial building, said Marc Horowitz, director of office leasing at Cohen Brothers. “This will be the nicest [commercial] building, hands down, that exists on Park Avenue South.” Read More

Lease Beat

RCM Technologies Takes Space at Cohen Brothers’ Storied Westchester Complex

333 Westchester Avenue.

Technology company RCM Technologies is relocating its Westchester County offices to Charles Cohen’s 333 Westchester Avenue.

The company, which has 25 offices in metros across North America, including one at 575 8th Avenue in Manhattan, signed a 9,000-square-foot lease for a portion of the second floor in the East Building of the 39-acre, 500,000-square-foot White Plains office campus. Read More

Lease Beat

HAP Investments Relocating to 3 East 54th Street

3 East 54th Street. (Credit: PropertyShark)

HAP Investments has signed a nine-and-a-half year lease for the entire 11,200-square-foot 15th floor of Cohen Brothers Realty Corporation’s 3 East 54th Street, Commercial Observer has learned. Asking rent for the space was in the low-$50s per square foot.

The tenant, a real estate investment and development company, expects to relocate its New York headquarters from 347 Fifth Avenue during the third quarter. HAP also operates an office in Tel Aviv, Israel. Read More

Awards

Charles Cohen Receives French Honor

Charles Cohen.

Charles Cohen, the president and chief executive of Cohen Brothers Realty, has been awarded the Ordre national du Mérite by President François Hollande of France, Commercial Observer has learned. The real estate investor heads the Cohen Media Group, a distributor of foreign and independent films, and is being honored for his commitment and contributions to the French artistic community.

“Response here in the United States to our foreign films, particularly our French classics, has been terrific and I couldn’t be more thrilled accepting this extraordinary honor from the French government,” Mr. Cohen said in a prepared statement. Read More

The Lobby

Cohen Brothers Promotes Marc Horowitz to Senior VP

Marc Horowitz

After three-and-a-half years handling leasing in Manhattan, Westchester, Florida and California for Cohen Brothers Realty Corporation, Marc Horowitz has made the jump to senior vice president at the firm.

“Marc has proven his expertise is not limited to a single market and has done an outstanding job in executing over a million square feet of transactions throughout our national portfolio,” President and Chief Executive Charles Cohen said in a prepared statement. “We look forward to his continued success in his new post.” Read More

Lease Beat

Tenants Eating Up Space at Former JELL-O Offices

South Building

Cohen Brothers Realty Corporation has leased out nearly 30,000 square feet of space at its 39-acre, 500,000-square-foot office campus at 333 Westchester Avenue in White Plains, The Commercial Observer has learned.

The former home to General Foods Corporation, now anchored by four interconnected mid-rise office buildings, recently welcomed four new tenants.

“We’ve always been host Read More

Lease Beat

Return Path to Relocate in Midtown South

3parkave

Digital analytics company Return Path Inc. has signed an 11-year, 23,280-square-foot lease for the entire 41st floor at Charles Cohen’s 3 Park Avenue, it was announced today. Asking rent was in the mid-$60s per square foot.

“This deal clearly demonstrates the strong attraction of prime top-floor office space,” said Mr. Cohen, who also runs Cohen Media Group, a distributor and producer of foreign and independent films, in a prepared statement. “The views, amenities and access to transit at 3 Park Avenue are second to none.” Read More

The Sit-Down

The Moviegoer: Cohen Brothers Realty’s Charles Cohen Talks Real Estate, Predicts Oscar Winners

cohen

Charles Cohen is in the business of creating. As the president and chief executive officer of Cohen Brothers Realty Corporation, Mr. Cohen oversees a portfolio of properties and design centers in New York, Florida, Texas and California. He also executive produced the Academy Award-winning Frozen River and runs Cohen Media Group, a distributor and producer of foreign and independent films. Mr. Cohen’s father, Sherman Cohen, the developer who built CBRC into a powerhouse with his two brothers, died late last month at 91. And while Mr. Cohen politely declined to answer direct questions about his father, he did speak to The Commercial Observer about his legacy when discussing recent developments at the firm and in New York real estate. Mr. Cohen also spoke enthusiastically about the film industry and this year’s crop of new movies, which will be in the national spotlight when the Academy Awards airs this Sunday.

 

The Commercial Observer: In 2011, you told The Commercial Observer that you and the rest of the real estate industry were moving at 25 miles per hour. What was the speed in 2012?

Mr. Cohen: In New York, we’re going twice as fast as last year, but not fast enough. Read More

Obituaries

Sherman Cohen, Real Estate Developer Who Transformed Third Avenue Into Residential Destination, Dies at 91

Sherman Cohen

Sherman Cohen, the real estate developer who propelled Cohen Brothers Realty & Construction Corporation into the ranks of the city’s top development firms, has died.  He was 91.

Mr. Cohen, known for his quick wit and sharp dress, founded the company with his two brothers in 1959, later building it into a New York City mainstay along with his son, Charles Cohen.

“It’s the end of an era,” Charles Cohen said about his father.  “He pioneered new neighborhoods and improved the quality of life in so many communities across the city.  He built big residential buildings in areas where people at the time were not looking to build or live.” Read More