NYREJ Daily RE Cap

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December 09, 2015
New York City
Zach and Edelkopf of EPIC handle $11.25 million sale of 801 & 819 Wyckoff Avenue to The Loketch Group
Queens, NY EPIC Commercial Realty arranged the sale of a full block front mixed-use development site at 801 & 819 Wyckoff Ave. 801 & 819 Wyckoff Ave. are located in Ridgewood. The site is block-through with exposure on both, Putnam Ave. and Cornelia St. 
For complete story, click here.
Green Buildings
Moving on to new LED retro-fit economics – by George Crawford
With Con Ed’s Demand Management incentive funding running dry, it’s back to the drawing boards for many LED retro-fit projects. However, the news is still good. Regardless of fewer available options for incentive funding, your LED upgrade can still be a winner – guaranteed. 
For complete story, click here.
Design / Build
The Bauhouse Group to build 115-unit Sutton Place skyscraper; Designed by Foster + Partners
New York, NY Work is set to begin on the city’s newest next-generation skyscraper – a 900 ft. building with 115 units to be developed, Sutton Place by The Bauhouse Group, a real estate development and investment firm.
For complete story, click here.
New York City Finance
Nova of Cornerstone Group of NY arranges three loans totaling $8.005 million
New York, NY The Cornerstone Group of NY (CSG-NY) has arranged a total of $8.005 million for the following three loans:
• Russell Nova, SVP of CSG-NY was able to arrange $5.175 million in financing for 41-45 Elliot Place, Bronx, consisting of 69 residential units. Nova and his advisors were able to work hand in hand with ownership and structure the property for aggressive financing options.
For complete story, click here.
A Blast from the past: September 23, 2008
Shown (from left) are: Donald Capoccia, Peter Ferrara, Joseph Ferarra and Brandon Baron.
New York, NY Downtown Brooklyn's Toren, a stunning new condominium designed by world-class architect, SOM, developers BFC Partners recently celebrated the topping out from the building's heights as the final steel beam was about to be put in place. Hundreds of celebrants, including Brooklyn Borough president Marty Markowitz, enjoyed the weather and views with music and a barbeque.
Comments, questions, feedback?
Professional Profile
December 8, 2015
Name: Roy Smolarz
Title: Of Counsel
Company: Wilson Elser
Location: White Plains, N.Y./ Las Vegas, NV
Birthplace: New York City
Education: Seton Hall University (JD), Baruch College (BBA)
First job outside of real estate: Corporate vice president of a Wall Street wire house firm.
First job in real estate or allied field: Law firm associate
What do you do now and what are you planning for the future? Lawyer focused on corporate, real estate and gaming law and finance.
How do you unwind from a busy day in real estate? Listen to music
Favorite book or author: John Grisham
Favorite movie: “Jerry Maguire“
For complete story, click here.
New York Minute
How many years have you been attending the ICSC NY National DealMaking Conference and how did you prepare for this year's event?
This was my 5th year attending ICSC. I prepared by arming myself with my juiciest deals, stacks of business cards and by lacing up my shiniest deal shoes. I believe this year’s show was one of the most active in recent years. Always a fun place to do business and create new relationships and strengthen old ones.
Larry Ross is a managing principal at Highcap Group.
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New England Real Estate Journal
© 2015, East Coast
Publications, 17 Accord Park Drive, Suite 205, Norwell, MA 02061. All
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