The Lobby

Industry Vet Corey Abdo Joins Coldwell Banker Commercial Alliance

Corey Abdo

Veteran Manhattan broker Corey Abdo has joined Coldwell Banker Commercial Alliance as an executive managing director of leasing and sales in its New York City offices, Commercial Observer has learned.

Mr. Abdo, who has negotiated more than two million square-feet of real estate transactions over a career spanning 25 years, will continue to provide both owner representation and tenant advisory services to clients throughout the Metropolitan area. Read More

Power Broker

EVO’s Ira Fishman Talks About Acquiring Winoker and Growing the Family Business

Ira Fishman

Ira Fishman is walking around his office with carpet and base molding samples in his hand. EVO Real Estate Group President Dana Moskowitz wants his input on the color scheme for the company’s new offices. He says Ms. Moskowitz has better taste than him, but she wants him to weigh in on the color scheme anyway. He is her father after all.

In the end, he agrees with Ms. Moskowitz: White walls and light gray tones (including gray base) with blue accents are the way to go. Read More

Relocation

EVO Moving to Bigger Digs on West 40th Street

1430 Broadway

Come the end of April, EVO Real Estate Group will be operating out of bigger offices on the southeast corner of 40th Street and Broadway, in a move out of what was Winoker Realty‘s offices. The company is currently picking out its carpet and base molding colors.

The new 13,350-square-foot space, spanning the entire 20th floor of 1430 Broadway, was selected for a number of reasons. One is that EVO CEO Ira Fishman knew the building, having worked in it while at Newmark Knight Frank (which merged with Grubb and Ellis in 2012 and became Newmark Grubb Knight Frank) from 1994 to 1997. Also, the space, Mr. Fishman said, is “ideally laid out for us.” Read More

Lease Beat

Shake Shack Expands at 24-32 Union Square East

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Shake Shack has expanded its office space at 24-32 Union Square East by 5,739 square feet, taking the entire 10,660-square-foot fifth floor of the building.

Danny Meyer, the restaurateur behind the popular burger chain, operates his Union Square Hospitality Group from the 12-story office building, which is located within walking distance of Shake Shack’s original location in Madison Square Park.  Read More

Lease Beat

Sleepy’s to Bed Down on 34th Street

45west34

Mattress retailer Sleepy’s will open its ninth Manhattan location later this year after signing a 15-year, 8,500-square-foot lease for the second floor at 45 West 34th Street. Asking rent was $90 per square foot.

“The second floor was really the floor we were focusing on to get a retailer,” said Dana Moskowitz, president of EVO Real Estate Group, which represented the landlord, 34th Street Commercial Properties, in the deal. “It has excellent window exposure along 34th Street and I think that is what attracted Sleepy’s.” Read More

Acquisitions

Real Estate Principals Acquire Winoker Realty Company

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Less than a year after Winoker Realty President David Winoker died in a parachuting accident, a group of four New York real estate principals has acquired the firm, it was announced today.

Business partners Ira Fishman and Dana Moskowitz, both of ID Real Estate Partners, are joining in the venture with Nathan Halegua and Josh Halegua of Jonis Realty and Citi-Urban Management.

Mr. Fishman was formerly part of the Winoker Realty team, from 1998 to 2008, and was one of Mr. Winoker’s partners for seven years of his tenure there Read More

Sales Beat

Global Export Marketing Co. Snags 5,800SF Office Cooperative at 25 West 31 Street

25 West 31st Street

Global Export Marketing Co. has purchased a 5,800-square-foot office cooperative located at 25 West 31st Street for $2.775 million, sources tell The Commercial Observer.

The export and marketing organization bought the fully furnished 8th floor in the 12-story building, delivered in plug-and-play condition, with a loft-like feel, high ceilings and unobstructed southern views. Read More

The Year in Review

Commercial Real Estate In Memorium: 2012

A sketch of David Winoker.

New York real estate is some of the most desirable and expensive in the world, but the ever-fluctuating price of a square foot of space in a given neighborhood is unquestionably dwarfed by the value of human life. This year, the commercial real estate world lost several notable figures and The Commercial Observer would like to take a moment to remember them. Read More

Lease Beat

Fareportal Grabs 40K at 135 West 50th Street

Courtesy of Honest Buildings

Fareportal, one of the largest online travel groups in the United States, will be moving their headquarters to 135 West 50th Street.

The firm will be consolidating three offices of approximately 20,000 square feet total in favor of a 40,848-square-foot sublease from AllianceBernstein‘s fifth floor in the building.

“We started out looking for approximately 15,000 Read More

David Winoker

Winoker Realty Will Soldier On After Loss Of Chief Executive

Corey Abdo

Corey Abdo vowed to continue running Winoker Realty after a tragic skydiving accident took the life of its president and chief executive David Winoker on Friday.

“Our captain is gone but the ship is going to continue to go on,” Mr. Abdo, who is a partner in the firm and was the company’s senior most executive under Mr. Winoker. “That’s the way David would have wanted it.”

Mr. Abdo grieved the loss of his friend and colleague on Monday. Read More

David Winoker

Winoker’s Parachute: What Went Wrong?

David Winoker

Skydiving instructor Alexander (or “Aleksandr”) Chulsky may have been knocked out by either a pre-existing medical condition or from the sudden jerk felt after he deployed the drogue chute and the parachute during the skydiving incident that claimed real estate executive David Winoker’s life.

Mr. Chulsky, 25, an instructor at the Skydive The Ranch in Ulster County, was connected in tandem with Mr. Winoker when the two fell to their deaths following a skydiving accident last Friday. Read More

David Winoker

Winoker Realty Deals With the Aftermath of David Winoker’s Death

A portrait of David Winoker

The staff of Winoker Realty have returned to work just days after their president David Winoker was killed in a skydiving accident.

Executive Vice President and Principal Corey Abdo addressed the Winoker team during a brief 5-minute meeting before everyone resumed their jobs.

“Everybody is doing what people would be doing on a Monday morning, which is really weird,” said Jonata Dayan, a senior vice president at Winoker Realty.  Read More

Lease Beat

EXCLUSIVE: Nine New Leases at Recently Repositioned Club Row

Club Row's new lobby.

Since investing $161 million to take 28 West 44th Street off SL Green’s hands last summer, landlord APF Properties has wasted little time in making upgrades to the 370,000-square-foot asset.

APF Properties re-named the property “The Club Row Building,” a nod to the blue-blooded Ivy League clubs  (Harvard, Yale, Princeton, et al) that inhabit the neighboring Club Row, and pledged $18 million in capital improvements, including the lobby and entrances designed by Moed de Armas & Shannon. Read More

Power Broker

All In The Family

The Mother-In-Chief at her office. (Courtesy Jackie Snow)

When the Elizabeth Foundation for the Arts sought to sell a block of space at its Midtown building in 2009, the nonprofit turned to a straight-talking broker at the Winoker Realty Company whose talent for converting condo space into offices had long ago cultivated her a reputation for success in the real estate industry.

The Elizabeth Foundation was looking to sell three floors and a retail space at 323 West 39th Street to raise money to pay off some of its mortgage while funding its thriving arts programs. The foundation had purchased the 52,573-square-foot building in 1999 under the assumption that owning, rather than renting, has its benefits.

“Our [message] is, why should you pay your landlord’s mortgage if you can pay your own,” said Jonata Dayan, the Israeli-born, Flatbush-bred broker who represented the Elizabeth Foundation in a 2009 transaction. Read More