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Anthony McElroy Named Partner at Herald Square Properties

Anthony McElroy (photo: Alexander Marketing).

Anthony McElroy has been named a partner at Herald Square Properties, a New York-based owner and operator of commercial assets, according to a press release issued by the company today.

In his new role, Mr. McElroy will join founding partners and principals Gerard Nocera and Michael Reid, and principal John Monaco, in overseeing the acquisition of all commercial properties for the group. The company now owns office buildings in Midtown and is asset manager for the Lipstick Building at 885 Third Avenue, among other properties. Read More

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JLL Names New Property Management Group Head [Updated]

Linda Aronson.

Commercial real estate and investment management firm JLL has appointed Managing Director Linda Aronson to spearhead the organization’s property management group in the New York tri-state market, according to a press release issued by JLL.

“We have restructured our property management group to facilitate the expansion of our third-party management portfolio in the New York tri-state area,” said Stephen Schlegel, the COO of JLL’s New York office, in prepared remarks. “Linda Aronson will focus on further building the business.” Read More

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Cynthia Foster Leaves C&W for Colliers

Cynthia Foster.

Cynthia Foster has joined Colliers International as the president of Office Services, representing Colliers nationally across the major office service lines, according to a press release issued today by Colliers.

“Cynthia is a strategic addition to our leadership team who further strengthens our investor and occupier services platform,” said Craig Robinson, the president of Colliers International, USA, in prepared remarks. “Her phenomenal background in both capital markets and brokerage gives our clients a unique perspective.” Read More

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Related Hires First Creative Director

Stephen Earle.

Related Companies announced today that Stephen Earle has been tapped for the newly created senior vice president and creative director position at the firm, according to a press release issued by the company.

In his new role, Mr. Earle will oversee Related’s interior design work for its residential developments. He is joining the firm from Ralph Lauren, where since 2004 he has worked as the design director overseeing and managing the concept, design and development of home products for Ralph Lauren, Lauren, Chaps and American Living Brand. Read More

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MHP Adds Three New Brokers

Ilana Shrier

MHP Real Estate Services has hired three new brokers in the past two months, Commercial Observer has learned.

The company added Brian M. Fennelly, a former director at Newmark Grubb Knight Frank, on Dec. 1, Ilana Shrier, a former Highline Commercial Properties broker, on Nov. 24 and Zach Kantor, a former media sales analyst with the National Football League, on Nov. 3, officials at MHP said. Read More

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CBRE Veteran Broker Eric Yarbro Joins Colliers

Eric Yarbro

Colliers International added Eric Yarbro to its team as an executive managing director on Dec. 9, Commercial Observer has learned.

Mr. Yarbro, who was previously a senior vice president at CBRE, arranged over $500 million in transactions during his 27 years there, he told CO. The office leasing agent who has represented clients like General Motors, AOL, Eastman Kodak, Prudential Financial, Fifth Third Bank, Western Union, Teachers Village, and Servcorp now joins a new team. Read More

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Silverstein Appoints Tal Kerret President

Tal Kerret

Silverstein Properties has named current chief investment officer Tal Kerret the company’s president, Silverstein chairman Larry Silverstein announced this morning.

Mr. Kerret joined Silverstein as an executive vice president in 2011, originating the Silver Suites Offices shared office space at 7 World Trade Center and managing the corporate and short-term rental housing at the Silver Suites Residences at Silver Towers and at Beekman Tower, company officials said. Read More

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REBNY Appoints ConEd’s John Banks Next President

John Banks

The Real Estate Board of New York picked John Banks, the vice president of government relations at Consolidated Edison, as its new president-elect, effective March 2, 2015, REBNY announced today.

Mr. Banks, who served in the Koch Administration and as a City Council staffer prior to assuming his current role at Con Edison in 2002, will replace current president Steven Spinola, who is stepping down after almost three decades as REBNY’s president. Read More

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REBNY Elects New Commercial Board Leaders

REBNY Commercial Board of Directors

The Real Estate Board of New York elected brokers from Massey Knakal Realty Services and Cushman & Wakefield to lead the influential professional and advocacy organization’s commercial brokerage board of directors, REBNY announced today.

Massey Knakal partner James Nelson will lead the board, which meets monthly and oversees the activities of the various commercial brokerage committees within the decision, while Joanne Podell, a vice chairman at C&W, will act as vice chairman. Mr. Nelson’s chairmanship follows that of William Montana of Savills Studley, who led the board for five years. Read More

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TerraCRG Expands Commercial Leasing Division with New Hire

Peter Schubert

TerraCRG has tapped former Transwestern and Moinian Group broker Peter Schubert to expand its leasing presence throughout Brooklyn, Commercial Observer has learned.

The commercial brokerage and advisory firm that focuses solely on Brooklyn brought Mr. Schubert on as a partner and managing director of the company’s commercial leasing division, company officials said. Though TerraCRG has made a name for itself as an investment sales brokerage, Mr. Schubert will beef up the retail leasing staff at the six-year-old firm. Read More

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Reba Miller Officially Launches Commercial Arm, Closes Deal

27 East 61st Street.

Reba Miller has officially launched her new commercial division after getting it off the ground in March, the firm announced.

The firm tied the announcement of the new division to the recent closing of its first commercial real estate deal—the sale of a 10,000-square-foot, six-story mixed-use building at 27 East 61st Street to Acadia Realty Trust. Ms. Miller’s firm listed the property for $18.5 million. Ms. Miller declined to indicate the identity of the seller as well as the sale price. Read More

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Lee & Associates and Affiliate Add Third Firm to Partnership

James Wacht

Lee & Associates and its Sierra Real Estate affiliate have recruited Cogswell Realty into a three-way partnership for management of a vast property portfolio and potential future acquisitions called Cogswell Lee Development Group, Commercial Observer has learned.

Sierra and Cogswell have worked together in joint property and construction management arrangements since 2012, but the new partnership will allow the companies to offer superior products and services to their clients, said James Wacht, the president of Lee & Associates and Sierra. Read More

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NGKF Beefs Up Retail Brokerage with Seven Hires

NGKF logo

Newmark Grubb Knight Frank has added seven experienced retail brokers from prominent brokerages to its ranks over the past two months, Commercial Observer has learned.

Veteran dealmakers Thomas Citron of Cushman & Wakefield, Matthew Krell of CBRE and Howard Gilbert of RKF headline the migration to NGKF as the firm continues its global growth following its 2011 purchase by BGC Partners. Read More