The Lobby

The Lobby

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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Alex Hill Departs Eastern Consolidated After a Year

Alexander Hill. (The Real Deal)

After roughly a year as a senior director at Eastern Consolidated, retail broker Alexander Hill has become a managing partner at Murro Realty, Commercial Observer has learned.

Mr. Hill was part of a team including James Famularo, Jeff Geoghegan and Ravi Idnani that was recruited to head up Eastern’s new retail leasing division in January. Mr. Hill had been at Winick Realty Group prior to starting at Eastern. 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, 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

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Former BSA Director Joins Kramer Levin

Jeffrey Mulligan

Kramer Levin Naftalis & Frankel has hired former city Board of Standards and Appeals executive director and Department of City Planning official Jeffrey Mulligan as a planning and development specialist in the firm’s land use practice, Kramer Levin announced today.

The eight-year veteran of the city board that evaluates special permits and zoning variances previously served as the head of the City Planning department’s Manhattan team during  rezonings like Hudson Yards, the West Chelsea area around the High Line and Hudson Square South.

He expressed excitement about starting his new job at the influential firm. Read More

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Cassidy Turley Hires Nonprofit Group Co-Leader

Janet Woods

Cassidy Turley hired an experienced broker for charities and foundations to help lead its nonprofit practice group, the company announced last week.

Janet Woods has joined Cassidy Turley as co-leader alongside David Lebenstein to play the same role she formerly served at JLL as a representative for the Girl Scouts of Greater New York, the Children’s Aid Society, the NAACP Legal Defense Fund and other nonprofit clients. Read More

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Brandl Frey Leaves Durst for RFR

Brandl Frey by Steve Friedman.

Brandl Frey, who was most recently a leasing manager at the Durst Organization, started at RFR Realty yesterday, Commercial Observer has learned.

She is serving as the executive vice president of strategic initiatives and marketing, and will be working on marketing initiatives, branding and leasing at RFR properties including 375 Park Avenue and Lever House at 390 Park Avenue. Her office is in the latter. Read More