The New York Real Estate Journal provides the latest commercial real estate news for the entire state of New York. Read profiles of the most influential companies and people involved in the NY commercial real estate market.

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New England Real Estate Journal New York Real Esta e Journal Newsstand Price $3.95 USA Printed on recycled paper facebook.com/nyrej twitter.com/nyrej June 26-July 16, 2012 nyrej.com Volume 24 ■ Issue 12 Project of the Month / GB / PAGES 9-11 Special Insert Section MKDA designs 37,000 s/f 420 Lexington Ave. headquarters for DeWitt Stern nyrej.com Digital Edition Green Buildings SPECIAL INSERT This Week's Sections ROP, Long Island, Upstate, Billboard Cover Stories Regency Centers acquires 141,382 s/f Lake Grove Commons for $72.5m. LI / COVER B Friedman, Levy, Goldberg, Kearns and Pollock of Olshan rep seller in $82m hotel sale NY / COVER A Question of the Month FD / PAGE 14A Rynne Murphy & Associates John Rynne What are the current development incentives, taxes and real estate values in New York State? Bronx Manhattan North Association of Realtors' 88th Annual Realtor Banquet Network for Success NY / PAGES 8-9D United Group building $11m Schenectady County Community College student housing UPS / COVER C NY / PAGES 9-24A Spotlights Financial Digest Feature Ask the Experts LI / PAGES 7-14B Salvatore Armao Accounting New York City SECTION D Columnist NY / PAGE 2A Green Buildings Special Insert Section New York Real Estate Journal June 26, 2012 receives LEED Gold; Developed by Melrose Assocs., Nos Quedamos and MJM Const. Magnusson-designed El Jardin de Selene SOUTH BRONX, NY El Jardin de Selene has received LEED-Gold Certification from the U.S. Green Building Council (USGBC). Lo- cated in the Stage II Silver certified LEED for Neighborhood De- velopment Melrose Commons section, El Jardin de Selene is one of the first affordable housing developments on privately acquired land to receive LEED- Gold Certification. Developed by a joint son Architecture and Planning, PC (MAP), this mixed- use development was originally designed to achieve a LEED-Silver rating. After much consideration, the de- velopment team decided to pursue LEED-Gold certifi- cation in order to build a more efficient and sustainable building. In addition to a LEED-Gold rating, El Jardin de Se- El Jardin de Selene, South Bronx venture of Melrose Associates, Nos Quedamos and MJM Construction Services and designed by Magnus- Quick Read SunMaxx Solar has completed the installation at The Delta House. The install, which was designed by green developer Voltaic Solaire, is one of the first mixed-use private SunMaxx installs solar thermal system at The Delta House developments in N.Y.C. to combine solar and wind energy. SEE PAGE 14 Raymond Kishk...........................................................................2 Green Building Experts...........................................................3-8 Also Inside 20 Pages facebook.com/nyrej twitter.com/nyrej Printed on recycled paper lene is NYSERDA Energy Star certified and Enterprise Green Communities compliant. "We met the stringent energy requirements for this project through a variety of sustainable strategies including daylight and occu- pancy sensors in common areas; energy star fixtures and appliances; bamboo flooring; green roofs at setbacks; recycled content; energy efficient windows; and hori- zontally distributed ventilation and solar panels on the building's roof," said Petr Stand, principal at MAP. The development provides rental units in an array of studio, one and two-bedroom apartments. Residents have access to over 2,000 s/f of community space, in- cluding a laundry room, and an outdoor courtyard at the second level. The building also includes 6,000 s/f of commercial space and over 12,000 s/f of structured parking. Healthfirst's offices at 100 Church St. achieve LEED Gold; Designed by TPG MANHATTAN, NY According to TPG Architecture, its new design of the offices for Healthfirst, a not-for-profit health insurance company, has been awarded a LEED Gold rating by the U.S. Green Building Council (USG- BC). The new offices occupy 172,000 s/f on four floors at 100 Church St. Healthfirst is now expanding to a fifth floor as well. One of the primary reasons Healthfirst chose this space is for its air and light; there are windows on all four sides and much of the space is day-lit. It was also important to both Healthfirst and TPG to obtain LEED Gold certification; as a company invested in issues of both individual and public health, Healthfirst's commit- ment to environmentally responsible design and creat- ing a healthy work environment was a priority. •for full story visit nyrej.com•

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