NYREJ

01-25-11

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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The Largest Commercial/Investment Newspaper Covering The State ny Phipps Houses Newsstand Price $3.95 USA NEW YORK REAL ESTATE JOURNAL Printed on recycled paper Volume 23 / Issue 2 / January 25-February 7 , 2011 inside gb / Project of the Month completes brownfield remediation development Courtlandt Corners This Week’s Sections ROP, Long Island, UPS, Billboard Cover Stories Feature NY / Financial Digest Spotlight LI / Brokerage Columnist C. Jaye Berger / Attorney SPECIAL INSERT SECTION / PAGES 8-10 Chugh and Hanson of Massey Knakal close on $800,000 sale of U.S. Post Office in New Hyde Park Follow us on Green Buildings SPECIAL INSERT SECTION CB Richard Ellis sells 706,274 s/f Riverside Center for $41.25m Doshi, Blumberg and Fuchs of Besen sell trio of Bronx multifamilies-$24.85m. COVER A Gabriel, Merin, Bernhaut and Zimmel of Cushman & Wakefield arrange $48m sale. COVER B 11-18A 5-12B 2A twitter.com/nyrej SECTION B / PAGE 7 COVER C Real Estate February 8 Women in A MONTHLY SECTION OF NE W YORK REAL ESTATE JOURNAL SJP Properties’ Eleven Times Sq. achieves LEED Gold certification fromUSGBC; Features advanced air filtration/ventilation MANHATTAN,NY Eleven Times Sq., SJP Properties’ 1.1 million s/f, high-performance office and retail tower, has achieved Lead- ership in Energy and Environ- mental Design (LEED) Gold certification from the U.S. Green Building Council (USGBC). From its advanced air filtra- tion system that optimizes indoor air quality, to its efficient glass curtain wall that affords benefits in reducing heat gain, minimiz- ing thermal loss and decreasing heating, cooling and overall util- ity costs, 11 Times Sq. features the latest green technology in- corporated into every aspect of its design, delivering an office and retail environment that maximizes operational ef- ficiency and health benefits for tenants. In order to achieve LEED certification, SJP had to meet the industry’s highest standards for the use of sustainable and renewable resources, minimizing en- vironmental waste and pollution, optimizing indoor air quality, and seeking to reduce or eliminate contact with toxic or hazardous conditions. One of the most important features for tenants is the incorporation of advanced air filtration and ventilation technology. This technology brings in air 600 feet above street level, which is then filtered 30% above standards set by the American Society of Heating, Refrigerating and Air-Conditioning Engineers (ASHRAE) to allow personnel to breathe cleaner air. The site of 11 Times Sq. was purchased by SJP in a Eleven Times Sq., Manhattan JANUARY 2011 INSIDE THIS ISSUE Pamela Lippe............................................... 2 Experts......................................................3-7 Project of theMonth.............................8-10 NEXUS...............................................................17 Printed on recycled paper ORGANIZATIONS Sponsored by: joint venture with long-time investment partner Pruden- tial Real Estate Investors. •for full story visit nyrej.com• Mack-Cali Corp. receives Energy Star rating for two of its properties YONKERS, NY Ac- cording to Mack- Cali Realty Corp., two of its properties – 1 Executive Blvd. in South Westches- ter Executive Park, and 570 Taxter Rd. in Elmsford – have received Energy Star designations. These awards, given by the U.S. Environmental Pro- 1 Executive Blvd., Yonkers tection Agency (EPA) and the U.S. Dept. of Energy, are the national symbol for superior energy performance. Commercial buildings that earn the Energy Star use an average of 35% less energy than typical buildings and also release 35% less carbon dioxide into the at- mosphere. •for full story visit nyrej.com•

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