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A Special Edition from Sokol Media, Inc.









AMERICA’S LARGEST WHOLESALE APPLIANCE DISTRIBUTOR For OVER 100 years P.C. Richard & Son has been providing the building industry with unbeatable service, integrity and reliability.












Contents 2



INDUSTRY NEWS The TOP NYC Sales for 2013


WOMAN TO WATCH IN 2014 Nancy J. Ruddy CetraRuddy



HONOREE PROFILES Linda Alexander Barbara Blair Randall


Rochelle Crespi Elyse Johnson Marilyn Kane Karen Kozlowski Lesley Lisser Eileen McCarthy Michele O’Connor Sara Rubenstein Eva Talel Colleen Wenke


CALENDAR Industry Events in February and March






Vivian Aronica The Advance Group • 1

Publisher’s Page MORE THAN A NUMBER There are a number of reasons why this issue has chosen to profile 14 women to honor in 2014. First, of course, is the calendar year we have just embarked on. Secondly, our magazines are now entering their 14th year of publication. But, more than just a number, the 14 women honored in these pages represent a list of women who have built careers by making inroads into a variety of disciplines in the real estate field…disciplines that are still primarily male-dominated. Whether Architect, Engineer, Attorney, Relocation Specialist, Mortgage Broker, Construction Manager, etc., these honorees still represent a minority, yet are setting examples for both women and men who believe they are capable of anything…anywhere. And, it is also clear, that each of the companies that have chosen to congratulate the honorees understand that success in the real estate field not only knows no bounds, but also is not based upon gender. So, here’s to 14 women who are continuing to build and expand the growth of our industry, as well as our ways of thinking. Lori Sokol, Ph.D. Founder & Publisher Please address all comments and questions to

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Sokol Media, Inc. FOUNDER & PUBLISHER Lori M. Sokol ART DIRECTOR Kerstin Vogdes Diehn PUBLISHING CONSULTANT James Janson CONTRIBUTING WRITER Faith Hope Consolo WEB DESIGN Design Disegno ACCOUNTING Citrin Cooperman PRINTING AmericasPrinter Sokol Media, Inc. 75 West End Avenue, #P15F New York, NY 10023 Ph: 973-769-7012 Copyright by Sokol Media, Inc. No part of the publication may be reproduced or transmitted in any form or by any means without prior written consent from the publisher. The publisher reserves the right to accept or reject any advertising or editorial materials. Advertisers and/or their agents assume the responsibility for all content of published advertisements and assume responsibility for any claims against the published based upon the advertisement. Editorial contributors assume any claims against the publisher based on the published work. No part of this publication may be reproduced in any form or by any electronic ormechanical means, including information storage and retrieval systems without permission in writing from the publisher. All items submitted to Sokol Media, Inc. become the sole property of Sokol Media, Inc. Editorial content may not necessarily reflect the views of the publisher. All correspondence and inquiries should be addressed to: Sokol Media, Inc., 75 West End Avenue, #P15F, New York, NY 10023.

SieMatic Congratulates Nancy Ruddy

SieMatic Mรถbelwerke USA

Tel: 215.604.1350




THE NEW YORK CHAPTER OF COMMERCIAL REAL ESTATE WOMEN’S NETWORK kicked off the New Year with its traditional “Global Trends in Real Estate 2014” Industry Spotlight at the offices of UBS Financial Services. Predictions and prognostications were offered by speakers Jonathan Woloshin (third from left), Executive Director and Co-Head of Fundamental Research, UBS Financial Services; NYCREW Member Heidi Learner (fourth from left), Chief Economist at Studley; and Dennis Yeskey (second from right), Chairman of MIT’s Center for Real Estate. From left: Event sponsor and NYCREW member Leila Larijani, UBS Financial Services; NYCREW 2014 President Laura Walker, Citibank; Woloshin; Learner; Yeskey; and NYCREW AND CREW National Board Member Faith Hope Consolo, The Retail Group, Douglas Elliman Real Estate.

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ABOUT NYCREW Network NYCREW Network, the original New York area chapter of CREW (Commercial Real Estate Women, a national organization of over 8,000 commercial real estate professionals), was founded in 2001 to advance the success of women in commercial real estate through opportunity, influence and power. Since then, NYCREW has provided its members with the skills and opportunities to achieve success in commercial real estate, encouraging doing business together in collaboration rather than competition. Comprised of senior and rising professionals from a broad range of disciplines within the commercial real estate industry, such as: financial services; asset and property management; developers; owners and operators; investment and property brokerage firms; and appraisers, accountants, architects, attorneys and other consultants, NYCREW members are also active in a wide range of industry segments, such as hospitality, industrial, office, retail, mixed use, transportation, etc.



Top 25 NYC Sales of 2013

FOLLOWING A YEAR IN WHICH ITS ALL-TIME PRICING RECORD WAS SHATTERED, Manhattan’s residential property market grew at a healthy clip in 2013 as overall sales jumped 10 percent and average unit prices Following a year in which its all-time pricing record was shattered, Manhattan’s residential property market grew at a healthy increased 5 percent. The year’s most expensive sale was at 18 Gramercy Park South, where Leslie Alexander - the owner of clip in 2013 as overall sales jumped 10 percent and average unit prices increased 5 percent. The year's most expensive sale the NBA’s Houston Rockets - paid $42M for the 6,300 ft2 duplex penthouse. Proving that history has a way of repeating was at 18 Gramercy Park South, where Leslie Alexander - the owner of the NBA's Houston Rockets - paid $42M for the 6,300 itself, 2013 marked the second consecutive year that the city’s top sale was recorded at a building from developers William 2 duplex penthouse. Proving that history has aA.way repeating itself, 2013 marked the second consecutive year that the ftand Arthur Zeckendorf and architect Robert M. of Stern. city’s top sale was recorded at a building from developers William and Arthur Zeckendorf and architect Robert A. M. Stern.







1. 18 Gramercy Park South, #PH17


$6,636 / ft2

6,329 ft2 , 5 Beds


Aug 14, 2013

2. The Abingdon, 607 Hudson Street, #9


$3,480 / ft


8,558 ft , 6+ Beds


May 6, 2013

3. 15 Central Park West, #33D


$9,131 / ft2

3,176 ft2 , 3 Beds


July 10, 2013

4. 15 Central Park West, #7C


$7,238 / ft

3,454 ft , 3 Beds


Oct 10, 2013

5. 720 Park Avenue, #6A



N/A , 3 Beds


July 9, 2013

6. 40 Bond Street, #8A


$4,381 / ft2

5,364 ft2 , 4 Beds


Nov 5, 2013

7. The Abingdon, 607 Hudson Street, #2


$2,436 / ft

9,615 ft , 5 Beds


June 18, 2013

8. 640 Park Avenue, #8FL



N/A , 5 Beds


July 18, 2013

9. 720 Park Avenue, #9A



N/A , 5 Beds


June 13, 2013

10. 135 East 79th Street, #PH17W


$4,200 / ft2

5,334 ft2 , 5 Beds


Dec 26, 2013

11. The Abingdon, 607 Hudson Street, #10


$4,019 / ft2

5,574 ft2 , 3 Beds


May 1, 2013

12. 950 Fifth Avenue, #5/6 FL



$4,000 / ft

5,000 ft , 4 Beds


Aug 5, 2013

13. Trump International, 1 Central Park West, #PH48A


$4,867 / ft2

4,489 ft2 , 5 Beds


June 26, 2013

14. 960 Fifth Avenue, #1011B



N/A , 3 Beds


July 24, 2013

15. 733 Park Avenue, #PH


$4,941 / ft2

4,250 ft2 , 3 Beds


Jan 30, 2013

16. 765 Park Avenue, #11B



17. Time Warner Center, 25 Columbus Circle, #72B







N/A , 5 Beds


June 14, 2013



$5,412 / ft


3,474 ft , 4 Beds


Jan 15, 2013

18. 20 East 65th Street, #B


$2,847 / ft2

6,406 ft2 , 4 Beds


June 28, 2013

19. 778 Park Avenue, #FL17



N/A , 3 Beds


Dec 9, 2013

20. 770 Park Avenue, #1415A



N/A , 6+ Beds


Mar 5, 2013

21. 18 Gramercy Park South, #11


$4,169 / ft2

4,207 ft2 , 4 Beds


June 6, 2013

22. 18 Gramercy Park South, #8



$4,112 / ft


4,207 ft , 4 Beds


Nov 1, 2013

23. 18 Gramercy Park South, #9


$4,012 / ft2

4,207 ft2 , 4 Beds


May 14, 2013

24. Trump Tower, 721 Fifth Avenue, #38FGH


$4,543 / ft2

3,632 ft2 , 4 Beds


Sept 30, 2013

25. 535 West End Avenue, #16


$2,455 / ft2

6,637 ft2, 6+ Beds


Mar 12, 2013



Peter Culliney, CityRealty Director of Research and Analytics, welcomes any questions and comments regarding the Top 25 Deals of 2013 and the New York City real estate market. He can be reached at or by phone at 212-209-8809. Visit for more sales information. • 5


REBNY’S 118TH ANNUAL BANQUET SETS THE STAGE FOR BUSY 2014 IN NEW YORK REAL ESTATE More than 2,300 turned out for real estate’s biggest night of the year The Real Estate Board of New York (REBNY) rolled out the red carpet for Thursday’s 118th Annual Banquet held at the New York Hilton. The exclusive event drew in many of New York City’s most influential industry leaders, elected officials and hundreds of the city’s top real estate professionals to celebrate 2013’s accomplishments and opine on the outlook for 2014, which promises to be another exciting year in real estate.

Pictured (Left to Right): REBNY’s 2014 Honorees - Kenneth Fisher, Robin Abrams, Stephen L. Green, Thomas L. Hill, Robert J. Fink, and Joel I Picket.

REBNY’s Annual Banquet has been touted as the industry’s most important networking event of the year. Industry insiders often cite the noise level at the banquet as an indicator of how the market will fare in the coming year and all signs point to 2014 being a busy and productive year for the real estate industry. In addition to REBNY members and their guests, many public officials attended including: Governor Andrew Cuomo, Mayor Bill de Blasio, Speaker of the New York City Council Melissa Mark-Viverito, NYC Comptroller Scott Stringer, United States

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Representatives Michael Grimm and Carolyn Maloney, First Deputy Mayor Anthony Shorris, Deputy Mayor for Housing and Economic Development Alicia Glen, President of the Economic Development Corporation Kyle Kimball, New York City Police Commissioner William J. Bratton, New York City Fire Commissioner Salvatore Cassano, NYC Budget Director Dean Fuleihan, Executive Director of the Port Authority of New York & New Jersey Patrick Foye, Commissioner of NYS Division of Homes & Community Renewal Darryl Towns, and Commissioner of NYS Department of Taxation and Finance Thomas Mattox. “The number of public and elected officials at the city, state, and federal levels who attend the Banquet each year is a true sign of the industry’s importance to the City,” said REBNY President Steven Spinola. “We look forward to working with the new administration, accomplishing our goals, and seeing our members succeed in 2014.” Commenting on Mayor de Blasio’s ambitious housing goals, REBNY Chairman Rob Speyer added, “Our members stand at the ready to help Mayor de Blasio in his vision to build housing for all New Yorkers. As our city’s needs are ever-changing, we, as an industry, will be adaptable. REBNY believes our housing policies must reflect changes in our communities across every borough.” In 2011, REBNY started a new tradition at the Banquet – presenting an educational video on major industry issues. This year’s video, “Building a Sustainable New York,” points out that

Pictured (Left to Right): REBNY President Steven Spinola, REBNY Chairman Rob Speyer, and Governor Cuomo

the real estate industry helped reduce greenhouse gas emissions in New York City by 15% since 2007 and outlines the challenges ahead in greening the city’s buildings. The video will be available on REBNY’s website, The pre-dinner, cocktail hour benefiting the REBNY Foundation and hosted by the REBNY Board of Governors proved once again to be one of the most popular attractions of the evening with more than 450 people filling the packed room where attendees were standing shoulder-toshoulder. Networking continued throughout the evening as the six honored industry leaders were presented with their esteemed awards. Award winners at this year’s REBNY banquet were: • Stephen L. Green, Chairman of the Board, SL Green Realty Corp., who received The Bernard H. Mendik Lifetime Leadership in Real Estate Award, which is presented each year to a REBNY member for a lifetime of exceptional accomplishment in the profession and dedication to

Corporation, who received The Louis Smadbeck Broker Recognition Award, which honors an executive who exemplifies the characteristics of a successful commercial broker. • Thomas L. Hill, Senior Vice President of Boston Properties’ New York Property Management Department, who received The George M. Brooker Management Executive of the Year Award, which recognizes individuals of superior accomplishment in the commercial management industry based on outstanding professionalism, civic achievement and contributions to the real estate industry. • Robert C. Fink, Director of Leasing for The Winter

Organization, who received the Young Real Estate Man of the Year Award, selected by the Young Men’s/Women’s Real Estate Association of New York on the basis of integrity, professionalism and personal ethics. “I continue to be impressed by the outstanding achievements the leaders in our industry make each year and the impact their contributions have had on our community and City,” Mr. Spinola added. “Their accomplishments are inspiring to all of our members and the Banquet proves to be an excellent opportunity for them to get started on deal making for the year. We are looking forward to see what 2014 will bring.”


leadership in New York real estate. • Kenneth Fisher, Senior Partner of Fisher Brothers, who received The Harry B. Helmsley Distinguished New Yorker Award, which is presented to an industry member for invaluable contributions to New York’s civic welfare and to the real estate community. • Joel I. Picket, Chairman and Chief Executive Officer for Gotham Organization, Inc., who received The Kenneth R. Gerrety Humanitarian Award, which recognizes meritorious service to the community by a REBNY member. • Robin Abrams, Executive Vice President of The Lansco

EASTERN CONSOLIDATED DELIVERS MAJOR DEVELOPMENT SITE Stillman Development Int’l, Ceruzzi Properties, to redevelop assemblage into mixed-use residential tower at bustling transit hub AT 86th and Lexington Corner EASTERN CONSOLIDATED, a leading investment sales brokerage firm, has arranged a cutting-edge transaction that will transform 147 and 151 East 86th Street into a large mixed-use residential tower with high-end units. Stillman Development International and retail investor and developer Ceruzzi Properties LLC, have entered into a joint venture agreement to purchase 151 East 86th from Town Sports International Holdings — which owns and operates the New York Sports Clubs fitness chain — for $82 million. Stillman also signed a long-term ground lease with Sol Goldman Investments for an adjacent corner property at 147 East 86th Street to complete the development footprint. “This was a multi-layered transaction that achieved benchmark pricing for the sellers, which is a testament to the strength of the current market for development sites in A-locations,” said Matt Crosby, Eastern Consolidated, who represented both the buyer and seller. “The highly visible location affords the developers a rare opportunity to redefine an entire neighborhood.” The project continues the transformation of the East 86th Street corridor started before the downturn with

Extell Development’s Lucida and Related’s Brompton that were part of a broader upturn in the retail and residential landscape on East 86th Street. The developers are planning to construct a 210,000-square-foot skyscraper with approximately 21 stories that will house retail, including a New York Sports Club, on the first four floors of the building with residential condominiums above. The project is slated to be completed in four years.

Eastern Consolidated Founded in 1981, Manhattan-based Eastern Consolidated is one of the country’s preeminent full-service real estate investment services firms, offering unrivaled expertise in the greater New York marketplace to an impressive worldwide roster of institutional and private investor clients. The 50-person team of brokers, who, combined, offer fluency in 15 languages, come from a wide diversity of entrepreneurial and professional backgrounds. With annual sales up to $4 billion, Eastern Consolidated focuses on the acquisition, disposition and finance of all types of properties. • 7


PARTICIPANTS CROWD RECORDBREAKING PROFESSIONAL WOMEN IN CONSTRUCTION (PWC) CONTINUING ED CLASS ON ENERGY EFFICIENCY PROFESSIONAL WOMEN IN CONSTRUCTION (PWC) launched its first Continuing Ed class of 2014 on January 15th with a record-breaking attendance at “Existing Building Energy Efficiency -Ample Room for Improvement (and Savings)! LL 87 Compliance.” The course was conducted by the global engineering firm Thornton Tomasetti, Inc. and presented by Senior Vice President Dan Nall, FAIA, PE, LEED Fellow, BEMP, HBDP and Vice President Wolfgang Werner, AIA, LEED AP BD+C, at the General Society of Mechanics & Tradesmen, 20 West 44th St., NYC. Event Chair Dorothy Wasiak, director, capital planning, Matthew Adam Properties, said, “I’m glad to be able to organize a seminar on a topic that is essential for property owners and managers.” Nall and Werner began by noting that within the 4.8 million buildings in the U.S. 30% of all energy consumed is wasted. Nationwide, buildings are responsible for 41% of energy consumption, yet in NYC that number jumps to 83%. The new Local Law 87 requires energy audits to help building owners identify and develop energy improvements through new equipment, insulation or other technologies; retro-commissioning involves a rigorous checklist to pinpoint operating deficiencies. The speakers pointed out the enormous market opportunities with studies showing that retrofits offer $279 billion in investment opportunities, can yield over a trillion in energy savings, avoid 600 million tons of carbon dioxide emissions and can create a cumulative 3.3 million in job years. The retrofit market is potentially greater than $150 billion a year. Whole building analyses offer potentially over 50% greater energy savings than partial retrofits. An illustrative case study noted was the Rodino Federal Building in

Newark, NJ, wherein Dattner Architects and WSP USA wrapped the building in glass and created a double envelope façade without vacating the site. Said Amy Greenstein, Empire State Development, “PWC offers a great opportunity to get the word out on the State’s newest small business development programs.” Kemper System’s Artur Slabuszewski, was glad to augment his knowledge as “the market is turning this way.” Jennifer Teixeira of Summit Construction, wanted to show developers how energy efficient housing “saves in the long run.” Among the many needing to gain specifics on energy compliance for their work were James Jabaily, Aggressive Energy; Deborah Bailey, Electric Fixx Inc.; LEED specialist Sara Jazayeri, Studio 360; Keely Braud,Schneider Electric; and Cybelle Kennedy, a restoration architect. Carpenter Clair Mackason of Glory Inc., applauded the presentation’s “clarity, integrity and professionalism.” David Floyd of GreenTech Sustainable Solutions found it “clear and concise.” Laurie Albee of CCI Energy Solutions said it “exceeded my expectations.” Zulmilena Then of Michael Ivanhoe McCaw Architects PC “gained insight into the local laws” and May Chu of Global Arch Design + Build Inc., said “we will apply the information to our clients’ buildings.” Alan Moldol of CA- Speak Language of Construction Accounting, summed it up: “There is a huge untapped resource for financial gain. The speakers opened up many advantageous topics.” Lunch was included. Credits offered were: AIA: 1 LU/ HSW; 1 GBCI CE hour for LEED credential maintenance. Contact PWC at 212.486-7745, email: or visit

PWC’s January Continuing Ed program on energy efficiency, led by (left to right from center) Thornton Tomasetti’s Wolfgang Werner (striped shirt) and Dan Nall and organized by Dorothy Wasiak, Matthew Adam Properties (third from right, gray blazer) drew a huge crowd of professionals from the AEC sector. It was held at the General Society of Mechanics & Tradesmen. Photo by Akansha Sharma.

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NEW YORK RESIDENTIAL SPECIALISTS (NYRS®), the REBNY-certified program that recognizes top New York City residential real estate agents with the highest professional credential, is pleased to begin 2014 with new sponsors and Executive Committee members. The announcement comes following two soldout semesters in 2013, bringing the number of NYRS® graduates to 296. New Executive Committee members include: Trish Martin, executive director of sales for Halstead Property’s Brooklyn division; Tony Sargent, associate broker with CORE; and Tom Caponegro, associate broker with Brown Harris Stevens. They join the now 14-member committee. “Each of these talented individuals offers a unique approach and a wealth of experience,” said Shirley Hackel, NYRS® co-chairperson and associate broker at Warburg Realty. “We look forward to what promises to be a pivotal year ahead for NYRS®, making the contributions of the new committee members all the more important.” Martin’s experience includes more than 30 years in real estate and management. She is responsible for the day-to-day operations for Halstead’s five Brooklyn offices. Sargent was named “The Best Broker Seen on this Show” by following his 2013 appearance on HGTV’s Selling New York. He has sold more than $200 million in Manhattan properties. With more than two decades of experience, Caponegro has handled real estate transactions ranging from commercial leasing to residential sales and onsite new construction and development. He is a licensed agent in both New York and New Jersey. NYRS® also welcomed four new sponsors in 2014. They include: EverBank, which is expanding its retail lending operations and services nationwide; TD Bank, one of the 10 largest banks in the United States; Wells Fargo, a diversified financial services company with 9,000 stores across the United States; and OCV Architects, a NYC-based architectural firm that has designed innovative projects for more than 30 years.

Additionally, NYRS® sponsors Gibraltar Private Bank & Trust, First Republic Bank and Belkin Burden Wenig & Goldman, LLP increased their support level. “NYRS® offers a cutting edge curriculum created by brokers for brokers. It has become a ‘must-have’ credential, and the real estate community is taking notice,” said Joanne Wenig, NYRS® Executive Committee member and associate broker at Stribling & Associates. Applications are being accepted for the Spring 2014 session, which begins on March 3. For more information visit



About NYRS® New York Residential Specialist (NYRS®) is the premier professional credential for residential real estate agents in New York City. First awarded in 2007 by the Real Estate Board of New York (REBNY), the NYRS® designation identifies an elite group of professionals who have met qualifying criteria and have successfully completed an advanced course of study. • 9

Nancy J. “I


t’s not just my profession…it’s my passion!” With this statement, Nancy J. Ruddy, Founding Principal of CetraRuddy, has touched upon what has clearly enabled her firm to become an international and award-winning architecture, planning and interior design organization. Along with Founding Principal John Cetra, the firm, which was founded in 1987, has not only made a longstanding commitment to design excellence but

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also, as Nancy says, “to creating memorable place making.” “We develop intellectually crafted projects with a unique design sensitivity, resourcefulness and commitment to client objectives,” Nancy continues. “The strength of our work is the product of our team of over 75 passionate and talented professionals who share our vision and commitment to an architecture and interior design of integrity.”

THE CETRARUDDY STUDIO Top (Left to Right): Principals Eugene Flotteron and John Cetra, Associate Principal Ximena Rodriguez Middle: Associate Principals Theresa Genovese and Joseph Jebran, Principal John Curtis Bottom: Managing Director Michael Simon

The studio, which is led by its Founding Principals, Principals Eugene Flotteron and John Curtis and Associate Principals Ximena Rodriguez, Theresa Genovese and Joseph Jebran, contribute to a combined and sophisticated understanding of the multi-faceted requirements of every space, and does so by incorporating technology, construction knowledge and branding. Our projects create memorable experiences, community and a sense of place in all of the

typologies we touch. We craft skylines, create moments and speak to the poetry of humanity with empathy and generosity. “But,” Nancy adds, “our work is always about ‘home’ – whether we design a residence, place of worship, hospitality space, or learning environment. We strive to elevate the building typologies we touch by combining our craft, attention to the specific and adding humanity and scale to compositions of strong geometric forms.” • 11

One Madison

One Madison

200 East 79th Street

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Perhaps the best way to illustrate the unique design that is central to CetraRuddy’s architectural mission is by viewing the projects themselves. A notable example of this design philosophy is One Madison, located at 22 East 23rd Street at the southern tip of Madison Square Park in Manhattan. The new, ground-up, 50 story 155,000 SF luxury condominium building stands as an architectural icon on Manhattan’s skyline that has won 11 international design awards. This project exemplifies CetraRuddy’s commitment to context in designing a modern skyscraper in bronze glass and articulated form that relate to its Madison Square Park historic masonry surroundings. The building is uniquely constructed with a glass and aluminum hybrid curtain wall combination of bronze glass on the main shaft of the building and clear glass with white spandrel glass on the four to six-story “pods” which cantilever to the north and east of the main building shaft. The form and placement of the building in the middle of the site result in expansive 270 degree views from all apartments which have luxurious and classic modern finishes.


200 East 79th street’s design reinterprets the heritage of Upper East Side architecture, integrating classic and traditional elements with a modern sensibility. The recently completed 19-story 165,000 SF building is located on the corner of 79th Street and Third Avenue and boasts a record six-week sellout. With an elegant facade comprised of limestone, bronze, and aluminum, complemented by large windows, the building takes advantage of its premium corner location to create a distinctive yet contextual mark on the neighborhood’s streetscape. Providing 45 apartments and ground-floor retail space, this building was particularly “designed to create high-end quality residences with a pre-war feel and elegance, appropriate to Upper East Side family buyers who wish to raise their families in a vibrant city environment,” Nancy says.

Caption • 13

12 East 13th Street

12 East 13th Street

Walker Tower

Walker Tower

14 •

Lincoln Square Synagogue


At 12 East 13th Street, CetraRuddy successfully blended the building’s original steel structure with a new brick and blackened metal facade, thereby reflecting the integrity of the original structure’s downtown industrial past. Detailed metalwork patterns are referential to the historic neighborhood context as well, while a prismatic 3 story glass addition creates a shimmering crown on the weathered brick and metal facade. With a completion date of April, 2015, this 46,000 SF project also houses an interior that spares no detail. Designed with the attention to detail found only in private homes, the finishes carry a curated selection of luxurious materials, floors that include sawn oak board to accentuate the grand proportions of the main entertainment spaces, and kitchens boasting custom designed walnut cabinets with bronze sculptural hardware and smoked glass inserts.


CetraRuddy has also lent its design signature to a West Side building, this time in Chelsea. At 212 West 18th Street stands Walker Tower, which was originally built in 1929, and therefore demands particular attention to every detail in its redesign. As such, CetraRuddy has designed all of the elements for this 305,000 SF Art Deco structure, which features an intricately detailed brick veneer façade with ornate geometric designs. Additional floor area at the top of the building was created from custom designed bronzed stainless steel to reflect design motifs in the building and 9 foot glass windows. There are 22 floors of varying sizes and multiple setbacks. The building has punched windows that afford spectacular city and water views. “We needed to capture the majesty of

form, proportion and detail of the original architect, Ralph Walker, and this heroic American era, yet interpret it for a modern lifestyle,” Nancy says. CetraRuddy therefore took a curated approach to materials and details by incorporating burnished metalwork, custom mosaics, hand-rubbed woods, subtle patterning, and custom hardware designed for this building, that all add up to an understated level of chic elegance. For the interiors, Nancy drew inspiration from a small Parisian hotel for the bathroom vanity and from a fabric that had intrigued her for the stone mosaic powder room floors. “We have honored architectural precedents of scale, proportion and graciousness in this project,” Nancy says, “Yet interpreted it for downtown living.”


CetraRuddy’s design excellence extends beyond residential spaces. The firm has also applied its unique architectural process to a cultural project that takes its identity and community into account. For Lincoln Square Synagogue, which is now close to completion at 180 Amsterdam Avenue, CetraRuddy began the project by first learning about the community and how they manifest their Hebraic consciousness into their daily lives. “Our design creates sacred spaces which integrates this consciousness into the architecture,” Nancy says. “Jewish symbolic references and inspirational imagery played a powerful role in shaping our thought process as we continually questioned how to create a building which is both spiritual and public,” Nancy adds. “The symbolic references which guided our design solution are: the Torah, the nomadic tabernacle-tent structure, Tallis-the prayer shawl and the movement or “dance” during celebrations. The client mission Caption • 15

and Judaic symbolism are most visibly embodied in the five ribbons of glass that define the building façade which represent the Five Books of the Torah.


Taking their unique design talents internationally to Europe, India and the Middle East, CetraRuddy recently completed the design for a top rated restaurant name, SushiSamba, in London. Opened in September, 2012, this new construction encompassing Heron Tower’s 38th, 39th and 40th floors includes outdoor terraces, seating and an outdoor wet bar; Sushi Bar, Wet Bar, Robata Bar and kitchen, a SushiSamba Restaurant with a double-height main dining area, and a two-story high glass circular stair at the atrium. A project currently under construction in Jeddah, Saudi Arabia, is the five

SushiSamba, London

© Kalory Agency 16 •

star 430 key Galleria Hotel, featuring “monumental interior architecture and interiors that are sophisticated, yet chic and forward-thinking,” Nancy says. With 430 keys, three restaurants and two spas, the building has an entry sequence that is exclusive and private, yet demonstrates the appreciation of the galleria, it’s not surprising that this design style is reminiscent of the Ritz Hotel in Paris, as well as the Plaza Hotel in New York City. “We designed this elaborate space to be sophisticated and urbane, while providing a true reflection of Saudi Arabian history,” Nancy adds. The entry lobby interprets Islamic traditional form, craft and patterns that are translated into modern vernacular. The firm also has projects in India. Choice Marina, located in Cochin, Kerala is a 150,000 SF project consists of 28 deluxe suites, a private marina, rooftop spa and pool deck, enclosed valet park-

ing, and a white tablecloth restaurant. The resort’s interiors complement the tranquil waterfront and showcase the Indian tradition of intricately crafted details. The pair of buildings are being completed in 2014. Further northeast in Chennai, Tamil Nadu, the firm is working on a residential and hotel complex. It is clear that the sophisticated architecture and customized interior designs that CetraRuddy provides reflects a craft that is as memorable as it is practical. “Regardless of the project,” Nancy says, “we want to make spaces that people don’t just walk through, but that will be a memorable architectural experience. This craft represents a type of architecture where we contextualize the form and weave design elements into beautifully embracing spaces. It’s all about memorable place-making for us.”

Galleria Hotel, Jeddah, Saudi Arabia

Congratulations to Nancy Ruddy on this well deserved honor

158 West 29th Street, 10th Floor, New York, NY 10001 I

Watermark Designs congratulates


on being named one of the Top Women to Watch in Real Estate 2014

Watermark Designs 350 Dewitt Avenue Brooklyn, New York 1120 718-257-2800


140 EAST 45TH STREET, 31ST FLOOR, NEW YORK, NY 10017 212.688.9500


For more information, contact our New York City representative

Miles Sotelo



Linda aLexander

LesLey Lisser

ViVian aronica

eiLeen Mccarthy


MicheLe o’connor

Alexander Marketing The Advance Group

BarBara BLair randaLL Garment District Alliance

rocheLLe crespi

Guardhill Financial Group

eLyse Johnson

Cushman & Wakefield

Invesco Real Estate StructureTone

Langan Engineering

sara ruBenstein Lend Lease

nancy ruddy CetraRuddy COVER STORY

MariLyn Kane

eVa taLeL

Karen KozLowsKi

coLLeen wenKe

Iridium Capital LLC Thompson Hine LLP

21 •


Taconic Partners

Linda Alexander


AlexAnder MArketing Corp.

inda Alexander founded Alexander Marketing in 1999, bring­ ing more than two decades of media, marketing and real estate industry relationships together. An award­winning writer, former journalist, best­selling cookbook author and musician, Linda provides an unparalleled standard of excellence and an insider’s understanding of the business to Alexander Mar­ keting and its valued clients. To that end, Alexander Marketing recently teamed up with Mr. Finn Content Works, a leader in content marketing and award­winning social media programs.

“Like the chicken and the egg, public relations and social media are indispensable. PR today doesn’t end with placements in leading publications, whether print or online. Rather, communications has become an organic process in which we join the conversation wherever there is an audience that can benefit our clients. The ways in which people consume media today have evolved and so have we as public relations consultants.”

22 •

During a long and accomplished professional career, she has held positions with top public relations firms, advertising agencies and real estate companies; and has served as an editor, contribut­ ing writer and real estate columnist for a variety of publications. Armed with a keen insight into what editors and reporters want, her record for creating and maintaining press coverage for her clients makes her firm the go­to group for major players in real estate and related industries. In addition, Linda is a former Vice Chair of Community Board 7/Manhattan, representing the Upper West Side. A board mem­ ber for nearly 13 years, she has served on Land Use, Preservation, Transportation and Business Consumer Issues committees and is currently Co­Chair of the Cultural Affairs Committee. Although long­established in the real estate industry, Linda began her professional career as a singer/songwriter and upon finishing college at the New School with a concentration in Clini­ cal Psychology, directed the Music Therapy Department at Kirby Hospital, Manhattan Psychiatric Center for more than four years. All of which ­­ she claims with a smile ­­ has positioned her well for her current role.

Barbara BlairRandall


Garment District alliance

arbara Blair Randall has led the Garment District Alliance (previously known as the Fashion Center BID) as its executive director since 1995. She was made president in 2010. During that time, she has guided the Fashion District though a fundamental change in its tenancy as global labor competition has largely driven garment manufacturing from New York City. Home to 6000 businesses in 350 buildings, all located between 41st and 35th Street, from Fifth to Ninth Avenues, New York’s Garment District is still the undisputed home to American fashion, but what was once an area dominated by fashion production has now become a neighborhood filled with creative and business services; the arts and improved retail that includes notable restaurants and hotels. By restructuring the priorities of Garment District Alliance employing creative marketing and economic development strategies, Ms Randall has helped the district remain competitive in the midtown Manhattan real estate market by creating an environment that supports fashion but also encourages other compatible uses and celebrates its improved and upgraded office and loft buildings. Prior to coming to the Garment District Alliance, Ms. Randall was the deputy director of the Fashion Group International, a worldwide association of executive women in fashion and fashion-related industries. Ms. Randall was also marketing associate for Airbus Industries of North America, an international consortium manufacturing wide-body jets. She started her career in Special Events at The Museum of Modern Art in New York City. Ms. Randall has served on numerous boards of civic non-profit organizations, including Materials for the Arts, the Community Committee of the Prospect Park Alliance, Urban Pathways, The Robert Hull Fleming Museum at the University of Vermont and served as chair of the BID Managers Association of New York City.

“The Garment District now has luxury residential, off-Broadway theaters, destination dining, notable hospitality and new and compelling ground-floor retail. New public space, the Garment District Plazas, provide outdoor seating, plantings and programming; an amenity for tenants, visitors and residents. Increasingly the district’s 24/7 nature is being felt.” • 23

Rochelle Crespi


GuardHill Financial corporation ochelle Crespi, a Senior Vice President at GuardHill Financial Corp., just celebrated 20 years in the mortgage industry, where she has consistently been ranked as a top tier producer. She joined the GuardHill Financial team in August 2008, after 15 years at The New York Mortgage Co where she was awarded ‘Presidents Club’ status for 8 consecutive years. Rochelle’s clients include top financial, entertainment, investment and high net worth individuals. Delivering a high industry benchmark for excellence, innovation and service, she epitomizes GuardHill’s commitment to being the best in the mortgage business.

‘The regulatory changes in 2014 will bring significant challenges to the mortgage industry. As Mortgage Bankers we are well positioned to overcome these obstacles to get the deals closed.”

24 •

Rochelle specializes in all types of residential mortgages including transactions that require complex and intricate financing solutions. She is quick to analyze the particular scenario, understand the applicant’s objectives and formulate a comprehensive strategy. With her extensive product knowledge, determination and diligence she always finds the right solution to fit the client’s unique needs. Her goal is to consistently provide a seamless transaction for each client with their best interests in mind. Rochelle’s financial acumen and ability to navigate in tough waters enable her to consistently succeed at the highest level. In addition to being an AREW member for over 15 years, Rochelle has also been on the Board of Directors as the Treasurer for the last three years. She is also member of numerous professional real estate and charitable organizations where she continues to deliver a high level of service and expertise in all that she does.



Cushman & Wakefield, inC.

lyse A. Johnson joined Cushman & Wakefield, Inc. in June 2013 as a Director in the Corporate Occupier & Investor Services (CIS) team in the New York City office. She manages the team of Project Coordinators, Financial Analysts, and Project Managers that provides Project Management services for the design, construction, and relocation of office, administration, commercial, manufacturing, retail, signage, data center, and operations center projects within the North America portfolio of Citigroup. Ms. Johnson joined C&W with over 15 years of experience in the architecture, design, construction, real estate, and project management field. Prior to joining C&W, Ms. Johnson was a Senior Project Manager at Jones Lang LaSalle where she supervised project management work for the NY headquarters for Aetna Life Insurance Company and Aspen Life Insurance, an office relocation and Telepresence suite for BT Americas, the corporate relocation of Heidrick & Struggles, Macmillan, and Medidata, an interior renovation/expansion for Diageo and Willkie Farr & Gallagher, and the office consolidation/relocation for CMG, KBC Financial Products, and Healthfirst. Ms. Johnson also served as a Senior Project Manager for the Interiors Studio at Corgan Associates Architects PC where she managed the design and construction of projects for Hallmark Magazine, SunTrust Robinson Humphrey, Citigroup’s 100,000 square feet disaster recovery facility, and the relocation of the corporate headquarters for Capital Mercury Apparel, Ltd and North American Airlines. Her experience also includes five years as a Project Manager at TPG Architecture, LLC (TPG). While at TPG, she managed the design and construction of projects such as Marsh & McLennan Companies, MTV Networks, NBC Universal, New York Life Insurance Company, Studio 51, Oxygen Media, and the award winning 350,000 square feet global headquarters of CNBC. Ms. Johnson began her professional career in

“Our C&W team has been entrusted by Citigroup to serve as a strategic partner in the execution of their global space optimization goals. It is my responsibility to ensure that our team delivers, on a consistent basis, the most creative, innovative, and best in class services.” the architectural acoustics design field at Walters-Storyk Design Group and was part of the design teams for the Alan May Listening Room/Home Theatre, Allaire Studios, Carter Burwell Studios, Ex’Pression Centre for New Media, James Earl Jones Theatre, Lower East Side Studios, and Timbaland Studios. Ms. Johnson is a graduate of Rensselaer Polytechnic Institute (RPI) where she received a Bachelor of Architecture and a Bachelor of Science in Building Science. She is an Associate Member of the American Institute of Architects and a board member of the Association of Real Estate Women (AREW). Ms. Johnson is a member of the National Association of Professional Women (NAPW), which honored her with a 2012-2013 VIP Woman of the Year Award. • 25



IrIdIum CapItal

arilyn entered the workforce after graduating from NYU. Over the next few years she was an English teacher, an editor at Random House, a wife and mother of three. When her marriage ended, she decided to pursue real estate to support herself and her children, joining Norman Bobrow’s commercial brokerage firm in 1986 as a salesperson. Soon after, she developed their retail brokerage division. In 1990, she left to co-found Butler Kane, a commercial real estate brokerage firm, and became a Managing Director to the national real estate firm Sperry Van Ness.

“With the real estate market gaining strength and a renewed influx of foreign investment capital, net lease properties are as strong as ever. We, at Iridium Capital, are poised, along with our developers across the country, to acquire assets below-market price and to provide above-market returns for our investors.” In 2009, Marilyn founded Iridium Capital, a real estate fund management firm, to hold income-producing property. She started with a single $500,000 asset. By the end of 2013, Iridium Capital was managing a portfolio of over 20 Net-Lease properties, with an aggregate value in excess of $45M across 13 states. Marilyn was named one of “New York’s 100 Most Influential Women in Business” by Crain’s and one of the top “100 Women Real Estate Leaders of the 21st

26 •

Century” by Real Estate Weekly. Marilyn’s much-publicized landmark child support case put her on the cover of People magazine, the subject of an article “Ex-Wife that Nailed America’s Worst Deadbeat Dad.” Rather than use her appearances on TV, including 60 Minutes, to lambaste her ex, she became a leading advocate for child-support initiatives. She addressed the House Ways and Means Committee and influenced a Federal Law making it a federal crime to avoid child support by crossing state lines. Currently, Marilyn is on the Board of the Foundation for Social Change, which runs a Global Conference with the United Nations, and has a mission to educate women and girls who are in poverty; and the Board for Shining Service, which works with returning female veterans. Recently she became a principal and investor in the newly-launched company ChangeCorp, a content provider for mobile technology in emerging markets. Marilyn has been married to David Kane, an Iridium partner, for 23 years. Her daughter, a graduate of Annapolis and former Navy navigator, is now a professional children’s portrait photographer. Both sons are accomplished Creative Directors in television.

Karen ozlowski K


Thompson hine

s a partner in the Real Estate practice group, Karen focuses her practice in the areas of financing, leasing, loan restructurings and workouts, acquisitions and sales, loan portfolio sales and purchases and distressed debt transactions. Karen represents lenders and debtors in connection with commercial and mezzanine loans secured by real property and other assets, commercial construction financing, and workouts and foreclosures. She also advises lenders and debtors on restructuring defaulted loans and refinancings and negotiating forbearance agreements, waivers and amendments to loan documentation. In addition, Karen prepares and negotiates leases on behalf of landlords and tenants of commercial, industrial and office properties and negotiates and closes sales contracts for sellers and purchasers of real property. She also advises clients on the sale and purchase of distressed assets and lenders in connection with the financing of such transactions. A representative sampling of Karen’s experience includes:  Representing the lead lender and agent in connection with a $58 million construction loan for a ground-up multi-family project in New Jersey.  Representing the lender in the $20 million acquisition financing of a defaulted loan secured by a distressed multifamily project in Virginia.  Representing the developer in connection with a $35 million construction loan and $6 million mezzanine financing in connection with a ground-up construction of multi-family project in New York, New York.  Representing the lender in connection with a $48 million acquisition loan secured by several multi-family buildings in Alabama.  Representing the lead lender in the $420 million acquisition financing of nine shopping centers located in New Hampshire and Massachusetts.  Representing an investor in connection with a joint venture agreement with respect to a student housing project in North Carolina.  Representing the lender in connection with a $20 revolving line of credit secured by real property located in Massachusetts and a pledge of stock.  Representing the buyer of a distressed office and retail mixed use building in New York, New York.

“I predict a more balanced real estate market in 2014, as the market continues to recover. Clients are looking for innovative service delivery models and increased value from their attorneys. My goal is to continue to find new and creative ways to provide this value to clients with alternative fees structures and efficiency.” 


Representing the lender in connection with a $28 million refinance of a mortgage loan on property located in Massachusetts. Representing the lender in closing a $100 million permanent mortgage loan on a $10 million equity bridge loan and a $15 million mezzanine loan for a mixed use property in New York. • 27

Lesley Lisser


Invesco Real estate

esley Lisser, LEED AP, is a director of asset management for Invesco Real Estate (Invesco), and oversees a portfolio of office, industrial, multifamily and retail properties located in New York, New Jersey and Pennsylvania. She is intimately involved with properties in New York City including the recently unveiled luxury rental portfolio INSTRATA Lifestyle Residences; the iconic 1.4 millionsquare-foot 230 Park Avenue and the famed Soho House in Manhattan’s Meatpacking District.

“It’s exciting to see more and more of the INSTRATA portfolio leased and filled with tenants since it represents the highest level of luxury rentals in some of the city’s top neighborhoods.”

28 •

Since joining Invesco in June 2012, Lesley has been instrumental in developing Invesco’s INSTRATA portfolio from the acquisition, leasing and management of the four buildings. Most recently, Lesley announced the 100 percent lease up at INSTRATA at Mercedes House, and is now working with the INSTRATA Lifestyle team to further develop the brand. Recent efforts of the brand include the team’s focus on the renovations and leasing at INSTRATA NoMad. The other two buildings under the INSTRATA umbrella include INSTRATA Gramercy and INSTRATA Brooklyn Heights. Lesley has over 20 years of real estate asset management experience, most recently as a vice president at Lehman Brothers Holdings. She has also been an asset manager at Wafra Investment Advisory Group, Brookfield Opportunity Fund and Emmes Asset Management. Lesley earned a Masters in Science in Real Estate and Diploma in Construction Management from New York University (NYU) and a Bachelor of Fine Arts from Syracuse University. She is a LEED AP, holds a New York State salesperson license and BOMA RPA designation. In addition, she is active in the UJA Federation, where she held the position of Vice Chair, Volunteer Committee of the New York Real Estate and Allied Trade Division, a member of AREW, and is involved with NYU’s Alumni Association. She currently resides in New York City with her husband Daniel – who is also an active member of the real estate community – and her two teenage daughters, Allyson and Erica.

Eileen McCarthy



ileen McCarthy is a proven project manager with over 21 years of field operations experience. She has been with Structure Tone for more than a dozen years of her professional tenure. Eileen specializes in complex, often fast track, large New York City assignments. She is responsible for all facets of project delivery from the design process through completion of construction and move-in support, interacting with design teams, owners and construction trades.

Currently, Eileen is project manager for the $177 million restoration of St. Patrick’s Cathedral. This multiyear, multi-phase effort is one of the most visible and complex restoration projects in NYC. The Cathedral remains open 24/7/365 throughout the process. One of Eileen’s main challenges is coordinating construction with (a minimum) seven masses daily, Sunday services and special events and religious observances. Restoration of the Cathedral includes the exterior and interior, including its renowned stained glass windows, as well as new life safety systems and central utilities plant. Previous notable assignments Eileen has managed include 100,000sf fit-out of office space for JPMorgan Chase at 270 Park Avenue, 14-floor modernization of the NY Hilton, renovation of the Waldorf Astoria and complete gut and rehabilitation of the 65,000sf Royalton Hotel lobby, which encompassed a new restaurant and upgrade to the existing kitchen facilities as well as renovation of guest rooms. The latter was accomplished in a herculean effort of 16 weeks from start to DOB sign-off. Eric Bass, senior vice president for Morgans Hotel Group, said of the Royalton project,

“The Structure Tone team was proactive, determined and seamless! The project was going to be a miracle from start to finish, and Structure Tone displayed a can-do attitude from the start. Eileen…and her team were a well-oiled machine that made it all happen.” Eileen attended Central Connecticut State University with a major in business administration. She has also completed several certificate programs in MEPS systems construction and design courses through New York University. Eileen resides in Stamford, CT.

“Overseeing the $177-million upgrade of St. Patrick’s Cathedral, which is scheduled to be completed in 2015, will make a huge statement about our City’s dedication to maintaining its beauty, while increasing its accessibility.” • 29

Michele O ’Connor


Langan EnginEEring

ichele E. O’Connor, P.E., LEED AP is a Langan Principal who provides clients with land development engineering services on a wide variety of commercial, mixed-use, school/university and institutional projects throughout the New York Metro region. Michele’s expertise includes master plan studies, site plan design, stormwater management planning, utility and infrastructure design, sustainable design and construction phase coordination. Her projects include Hudson Park and Boulevard, Bronx Terminal Market, Halletts Point Redevelopment, the New York Police Academy, Raymond W. Kelly ’63 Student Commons at Manhattan College and the New York Botanical Garden.

“A new component of our work is resiliency design, not just for hurricanes, but for climate change as well. Our engineering designs need to consider not only present site conditions, but conditions that may exist in 50 years’ time. Designing for climate change will require us to evolve our thinking and to look for regional solutions to what have traditionally been local solutions.”

30 •

Michele currently sits on the New York Building Congress Task Force on New York City Storm Preparedness following Hurricane Sandy. She is also a member of the Metropolitan Waterfront Alliance Task Force assisting in the development of their Waterfront Edge Design Guidelines. Resiliency is key for the future of New York, and Michele’s involvement in industry groups and work on multiple waterfront projects are helping lead New York City into a more resilient future. Further, Michele is an active board member of both the Women Builders Council and the Association of Real Estate Women organizations. A Professional Engineer and U.S. Green Building Council LEEDaccredited professional, Michele is a graduate of Rutgers University College of Engineering holding a Bachelor of Science in Civil Engineering.



Lend Lease

ara Rubenstein has worked for over 13 years in the Real Estate and Construction industries and, In her current role as Associate Counsel for the Americas region of Lend Lease, she works with senior officers and directors to develop, implement, communicate and enforce organizational policies. Concentrating on drafting and negotiating complex real estate contracts, construction agreements and subcontracts, leases, nondisclosure agreements, brokerage agreements, labor agreements, joint venture agreements, consulting agreements and administering other legal matters, she also advises senior officers and directors concerning the legal and business impact and implications of transactions, project issues and disputes. Sara also serves as Assistant Corporate Secretary for the company, where her responsibilities include drafting resolutions, maintaining corporate minute books and ensuring corporate compliance with licensing and other administrative legal matters.

Most recently, Sara has handled the transaction for the 255,000 square foot expansion and renovation of Delta Air Lines’ Terminal 4 (T4) Headhouse at John F. Kennedy International Airport in Queens, NY. The expansion and reconfiguration of the Terminal 4 Headhouse project, which remained in operation throughout construction, added 125,000 square feet of space to the Headhouse and renovated 130,000 square feet in the terminal area. The new, upgraded Terminal 4 reduces congestion in the airline baggage claim and security checkpoint areas. Sara has also negotiated significant contracts related to Lend Lease’s construction of the National September 11th Museum. The Museum’s 110,000 square feet of exhibition space is located within the archaeological heart of the World Trade Center site—telling the story of 9/11 through multimedia displays, archives, narratives and a collection of monumental and authentic artifacts. Sara’s latest project is the Department of Veterans Affairs (VA) new VA Healthcare Center in Kamerville,

“Beginning in 2014, I expect to help structure the transactions for more integrated development projects like the VA Healthcare Center in North Carolina, and I am also excited about the Lend Lease plan to build and develop solar programs for the government throughout the U.S.” North Carolina. Hired to design, build and manage the project, the 180,000 net usable square foot, four-story center will house more than 1,900 parking spaces, and will provide primary and mental healthcare to Veterans, including dental, diagnostic, laboratory, pathology, radiology, and other ancillary services. • 31

Eva Talel



va Talel is a partner in Stroock’s Real Estate and Litigation Department and heads its Co-op and Condo Board Representation Group. Stroock represents over 200 Co-ops and Condos in every facet of their management and operations. Ms. Talel’s counseling and litigation experience (at the trial and appellate levels, as well as in arbitration and mediation forums) includes virtually every kind of matter that arises in the co-op/condo milieu.

“The damage caused by Hurricane Sandy is creating new regulations for all coops and condominiums, and there is also a strong City push to reduce the carbon foot print of all buildings. It is therefore key that I stay on top of new and proposed legislation, as well as help manage the resulting economic impact on co-ops and condominiums, as New York City becomes greener.” Ms. Talel is counsel to the Real Estate Board of New York’s Residential Management Council. Her leadership in this industry is also underlined by her role as Chairperson of the New York City Bar Association’s Committee on Cooperative & Condominium Law for the 2007 – 2010 term and as recipient of the Residential Management Council’s 2014 Community Service Award for her contribution to the 32 •

co-op and condominium community. Ms. Talel serves as an adjunct law professor at New York Law School and as faculty member for the New York State Judicial Institute, where she educates state judges on developments in cooperative and condominium law. She is an expert opinion columnist for the New York Law Journal, is regularly interviewed by reporters for the New York Times Sunday Real Estate Section (as well as the Times’ online Real Estate Q & A column), has provided co-op and condo expertise to WNBC’s “Today in New York” news program and has appeared on NY1 News. Ms. Talel also frequently provides expert commentary to The Wall Street Journal, The New York Observer, The Real Deal and other outlets on cutting edge issues in the co-op and condo marketplace. Stroock is one of the largest firms in New York City with a substantial practice representing co-ops and condos; its representations include: luxury apartment houses in Manhattan; residential and mixed-use condominium associations; and large hotel cooperatives (such as The Carlyle, The Pierre and The Sherry-Netherland). In addition to co-op and condo matters, Ms. Talel works closely with the Real Estate Group’s tax certiorari practice, Employment Law Group and others, thereby affording the Stroock client a one-stop, integrated problem-solving approach that features early intervention, risk management and mediated dispute resolution.

Colleen W enke


Taconic invesTmenT ParTners

olleen Wenke, vice president of Taconic Investment Partners (Taconic), a fully integrated owner, operator and developer of commercial and residential real estate, is responsible for asset management, construction and development projects for the company. From the onset of projects, Colleen manages all facets of the development phases – from contract negotiations, design development, portfolio strategy, marketing, and leasing or sales. Since beginning her career at Taconic in 2001, Colleen has been directly involved in developing and repositioning over two million square feet of commercial space in New York City. Projects that Colleen was responsible for includes landmarks that have transformed the city, such as the quintessential Apple building at 401 West 14th Street and 837 Washington Street in the Meatpacking District. Most recently, Colleen has been instrumental in Taconic’s recent Essex Crossing deal – a 1.65 million-square-foot mixed-use project – that will transform a six-acre swath along Delancey and Essex Streets into a dynamic new neighborhood on the Lower East Side. The City of New York awarded the project to Taconic, along with co-developers L+M Development Partners and BFC Partners. Additionally, Colleen is leading efforts at the recently acquired “Movie Lab” building – 619 West 54th Street – in Midtown West. Now, an impressive array of tenants occupy the building, including Italian luxury automaker Maserati’s showroom, which has positively changed the building’s ground floor retail space. Colleen earned her Masters of Science in real estate with a dual concentration in finance and development from New York University and graduated magna cum laude with a Bach-

elor of Arts in psychology from Boston College. She is an active member of the New York Building Congress, Professional Women in Construction, the Young Real Estate Professionals of New York, and the Advisory Board of New York University’s Schack Institute of Construction Management.

“One of the projects I am most proud of is the redevelopment of the Apple building on 401 West 14th Street in the Meatpacking District. Now, I am extremely excited about Essex Crossing, which will enhance and further transform the Lower East Side into a vibrant community.” • 33

Calendar of Events

FEBRUARY & MARCH Wednesday, February 26, 2014 8:30am - 10:00am REBNY’S 16th Annual Residential Management Leadership Breakfast The Roosevelt Hotel, 45 East 45th Street New York City NY The event honors outstanding leaders in the field of residential property management. Registration is ONLY available online. Honoring: Dorothy M. Vermeer, H.J. Kalikow & Co., LLP; The Residential Management Executive of the Year and Eva Talel, Stroock & Stroock & Lavan LLP; Community Award Contact: Cindy Ramotar,, 212-616-5232 More Info: mgmt_leadership_registration.jsp

Tuesday, March 4 11:30 am - 2:00 pm AREW March 4th 2014 Event

Wednesday, March 26 6:00 PM - 8:00 PM

Club 101, 101 Park Avenue at 40th Street, Main Floor Registration: http://events.crewnetwork. org/urls/arwmar4

Thursday, March 13 6:00pm - 8:00pm Women Greening NYC: Sustainability in Commercial Real Estate Ted Moudis Associates, 79 Madison Ave New York, NY Featuring a panel of sustainability and greening experts, this event will help you understand ways in which the landscape of New York’s buildings will be changing as property owners work to increase sustainability and green initiatives. The event will provide the opportunity for networking with NYCREW members and leaders of the greater NYC commercial real estate community. For further information, visit



AIANY/Herman Miller The AIANY Center Seemingly in a working retirement, veteran Herman Miller A&D liasion Hilda Longinotti is on for a 15 city story telling tour. In 2009, Hilda celebrated her retirement after 35 years with the company. Longinotti famously started in the industry as an assistant to George Nelson, and worked her way into a role as one of Herman Miller’s most recognizable faces. For more information, visit

Sunday, March 30, 12:00 AM Tuesday, April 1, 2014 12:00 AM BOMA Middle Atlantic Regional Conference Boston, MA Visit

Design is inspired

Cushman & Wakefield congratulates Elyse A. Johnson for being honored as a Top Woman to Watch in 2014. Ms. Johnson has had repeated success in achieving her clients’ space optimization goals within rapidly changing business environments. She inspires her team to consistently provide the most creative, innovative, and best-in-class services.

Congratulations, Nancy J. Ruddy, Founding Principal of CetraRuddy, on being named one of the top women to watch in real estate. You inspire us, too. • 11a Ad_Congrats_Elyse Johnson_Jan2014.indd 1

1/24/2014 3:41:50 PM


Madison on the

Move F

or an “accidental boulevard,” Madison Avenue certainly is successful! Not even on the city’s original street plan, the thoroughfare has become THE place in the world for luxury shoppers to find that perfect dress, gem, shoe or artwork. And it continues to evolve every year! UPDATE ON MADISON AVENUE Madison Avenue was not on the original Manhattan street plan developed in the early 19th Century, and instead was created from dividing Park and Fifth Avenues in 1836. Now the world’s great luxury street, Madison Avenue is the place for an international luxury brand to make its mark. In fact, the boulevard is now so desired by

retailers that they are taking spaces both north and south of the traditional 57th Street to 86th Street corridor, though ultra-luxury tenants remain concentrated there. A complete list of the spectacular shopping available on this legendary thoroughfare would take up an entire book, so today, let’s focus on what’s new and fabulous since 2013.

By Faith Hope Consolo Chairman, Retail Leasing and Sales Division Prudential Douglas Elliman • 17

Dennis Basso

SHOP MADISON AVENUE The new locations on Madison Avenue include market entrants, shops coming uptown from Soho locations, and a luxury game of musical chairs, as some retailers moved to larger stores or smaller stores, or followed a more family-based residential consumer to Carnegie Hill. And they include all merchandise categories! Downtown, find shirts and other men’s apparel by appointment only at 20 Peacocks, on the fifth floor of 99 Madison. Look for home furnishings at Natuzzi Americas at 105 and Fendi Casa at 153. Fendi’s apparel has moved to the former Mont Blanc space at 598. Write in style with a pen from Mont Blanc’s new outpost at 600. Tumi’s flagship helps you travel fabulously at 610. Molton Brown London and haberdasher Suitsupply have both come to 635, also the home to a huge Baccarat flagship. Kara Ross New York offers beautiful accessories and fine jewelry at 655. Paule Ka comes from France to 723. Alexander McQueen debuted at 747. Look for chic knits and more at Todd & Duncan, 766. Oscar de la Renta doubled the size of his shop at 772. J. Mendel’s furs, eveningwear and more have reloated to 787. Lanvin has brought its men’s shop to 807, sharing the address with a new boutique from Valentino. By the time you read this, Kent & Curwen’s fine menswear will have opened at 816. Dennis Basso moved a few blocks north to 825, a three-level townhouse (a fourth floor has offices) that showcases his ready-to10a •

wear, furs and even a seamstress’ studio! Anne Fontaine specializes in the art of the blouse (harder than you think) at 837. Pucci’s prints can be found at 855. Enhance your art collection at either Dominique Levy or Galerie Perrotin at 909. Suite 1521 at 980 offers finely curated apparel to members. Look for apparel at Joseph, relocated to 1061, then stop in for accessories at Elaine Turner at 1091. Mephisto has fine walking shoes at 1089. Roundabout offers vintage apparel at 1100. Take a break with a spot of tea (in a new shop and café Teavana Fine Teas + Teavana Tea Bar) at 1142. Your winter escape will be enhanced by a swimsuit from Letarte, 1118. Outstanding renovations include Tom Ford at 845 and Intimacy at 1252. A number of newcomers are located just off the Avenue, too. Red carpet staple Badgley Mischka’s full line of spectacular apparel at last has a New York home at 24 East 64th Street. Look for equestrian-inspired leather looks at Dressage Collection, 46 East 65th Street. Creel & Grow offers some truly unique merchandise (glass shells) at 131 East 70th Street. And the changes will continue. Look for a new Givenchy boutique by year-end at 747, and a Marc Jacobs Collection at a site to be named.

DINE ON MADISON AVENUE While several new restaurants have opened on or near Madison, offering a wonderful respite for shoppers, and a lively evening scene for residents and

visitors. The new Ristorante Morini (1167) offers contemporary Italian cuisine – or grab a quick bite at Eli’s Essentials (922), as in Eli Zabar. The new Rotisserie Georgette (14 East 60th Street) understands that the heart of a French restaurant is its roast chicken, which is fabulous! A sweet treat can be had at the Macaron Café (625). Or enjoy more Italian dining at Il Mulino (37 East 60th Street). You don’t even need to leave a store for fabulous food if you drop by Fred’s at Barneys New York (660). The Mark Restaurant by Jean-Georges at The Mark Hotel (Madison at 77th Street) is dining at its finest. Le Bilboquet has moved to an expanded space at 20 East 60th Street. Northern Italian specialties are the fare at Serafina Always (29 East 61st Street). Café Boulud combines Daniel Boulud’s French sensibilities with American ingredients at the Surrey (20 East 76th Street). The nightclub scene is revived at Tao (42 East 58th Street) and Lavo (39 East 58th Street).

STAY ON MADISON AVENUE More accurately, the best hotels are around the corner from Madison. The Carlyle (35 East 76th Street) is a New York legend, with elegant accommodations and the Café Carlyle (with wonderful performers). The Mark (25 East 77th Street) offers large, comfortable rooms with luxurious amenities in a wonderful location. The Surrey Hotel The private roof garden is a particular delight at The Surrey (20 East 76th Street). Closer to Midtown, the Hotel Plaza Athenee (37 East 64th Street) offers a residential feel just steps from the excitement of the area’s shopping, offices and more. Feel like you’re staying in a posh, Upper East Side residence at The Lowell, 28 East 63rd Street. While some of its retailers are eternal (think Barneys and more), Madison Avenue is ever changing, which makes it the best of retail streets. Take a day to see what’s new! Happy Shopping!

Nancy Ruddy

congratulates on a wonderful achievement

Showroom 200 Lexington Avenue Suite 609 Flagship store coming Soon! 202 Fifth Avenue Ph: 212-252-7370

Our colleague

Karen M. Kozlowski is making her mark in the New York real estate community as a leader in law.

WSP Congratulates Nancy Ruddy for a well-deserved honor! WSP is one of the world’s leading professional services firms, working with governments, businesses, architects and planners and providing integrated solutions across many disciplines to transform the built environment and restore the natural environment. Located in every continent across 35 countries with more than 300 offices. WSP’s preeminent high-rise building engineering group has produced the most iconic buildings in New York City and around the globe.

We applaud her recognition as one of the 2014 “14 Women to Watch” in Real Estate.

Thompson Hine


Lend Lease is proud to recognize

Sara Rubenstein and all the

Top Women to Watch 2014 Honorees

Lend Lease (US) Construction Inc. 200 Park Avenue New York, NY 10166 212 592 6700

Taconic Investment Partners is proud to support

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13 Women to Watch 2014.

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Vivian Aronica 5 On-site at Time Warner’s move with Michael Angelich of Shadow Transport 2a •


fter ending her career in the banking industry while launching a new career in the relocation/ real estate world just after 9/11, Vivian Aronica soon rose to the level of Director of Business Development and Senior Account Manager for The Advance Group, a full service moving, storage and installation company. The largest organization of its type in the tri-state area, The Advance Group provides everything from commercial moving, office furniture installation, distribution, storage, and document management to employee relocation services.

The product of a family business that had its roots in the post-World War II period, the company has since outgrown its early years as simply a moving company. expanding its service offerings while increasing the company’s foothold in the New York City commercial market. The prescience of these moves was demonstrated in 2005 when the company experienced record-breaking growth of more than 30 percent. Today, more than 40 years since the company began, Vivian represents a significant reason for that growth. The Advance Group has successfully managed moving projects of notable clients such as:        

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Guardian Life Insurance: 1600 employees to 7 Hanover Square. Weight Watchers International: 600 employees to 675 Avenue of the Americas. Havas: 900 employees to 200 Hudson Street. Widex: 300 employees to Hauppauge, NY. Arrow Electronics: 600 employees to Melville, NY. Estee Lauder: On-going work. RXR: On going-work. Van Wagner: Large warehouse move of all of the firm’s machinery, equipment, and scaffolding. Weiser Mazars: Advance Group moved 150 people, under Vivian’s direction. Time Warner: A total of 50 people were moved along with the company’s airport hangar. Colliers: On-going work

Vivian also works with the Office Moving Alliance, which is an international network of commercial moving, storage and office furniture installation specialists servicing many of the largest companies in the world. For the Advance Group’s clients, their involvement with the Alliance simply

means a single point of contact from New York to Shanghai, from Paris to Puducah, or from London to Lisbon. Founded in 2007, the Office Moving Alliance consists of 30 members in over 200 cities in 10 countries. Most of the members have been in the office moving business for decades, and some for over a century. Vivian has also assumed control of the Advance Group’s Pack-Out Solutions division. When a disaster strikes, Pack-Out Solutions takes the lead in documenting, packing, moving and storing property so that it is out of harm’s way. Working with restoration companies, insurance companies,

“Since joining us in 2009, Vivian has brought a new level of energy to The Advance Group. Her vibrant personality has been a tremendous asset to the company. Her intimate knowledge of the moving industry and tremendous attention to detail has contributed to the successful relocation of some of the New York Metro area’s most notable companies.”

– Anthony Parziale, Executive Vice President of Sales, The Advance Group

property managers and owners, Pack-Out Solutions can help take much of the stress and worry out of the process of recovering from a disaster due to water, fire, mold, smoke, or any other serious damage. The Advance Group acts as a liaison between the restoration contractor, the insured and insurance carrier providing exceptional customer service. The Advance Group sets up a “clean room” in its warehouse where the restoration contractor is able to restore the damaged items. Advance wraps and

“Bottomless Closet’s mission is to be the connection that inspires and guides disadvantaged New York City women to enter the workforce and achieve success. Vivian has been involved with the organization through her affiliation with AREW, which holds annual clothing drives to support the women. Vivian’s coordination of AREW’s efforts helps to collect hundreds of garments that get passed onto NYC women who are in the process of searching for employment.”

– Kendall Farrell, Executive Director, Bottomless Closet • 3a

“Vivian is an active, valued and enthusiastic member of the Charitable Fund Board of the Association of Real Estate Women. After joining the board four years ago, she embraced all of our programs, particularly our annual clothing drive, which coincides every year with the AREW Powerful Women luncheon. Working with Bottomless Closet, an affiliated not-for-profit organization, we collect gently used clothing and accessories for low-income and newly-independent women, and every year Vivian has been responsible for moving up to 75 parcels from the luncheon venue, Club 101, to the offices of Bottomless Closet.”

– Iva Kravitz, Principal, The Iva Agency

seals the items into containers until the property is once again able be to delivered back to the client. “These projects require especially gentle attention as the client is distraught over their loss and much understanding is needed and trust must be established,” Vivian says. “I take projects very personally as a close personal relationship is developed during the time spent with each client.” In addition to her contributions to The Advance Group, Vivian is now entering her fourth year of service on the distinguished Board of Directors of AREW, the Association of Real Estate Women and its Charitable Fund, in which she serves as Chair of their annual “Bottomless Closet” event. The Bottomless Closet, an organization that provides business attire and clothing,

4a •

interview training and career support programs for economically disadvantaged women, receives a number of donations from The Advance Group, including resources to assist in the transportation of all donated clothing. She is also the Luncheon Committee Co-Chair, where she is responsible for organizing and coordinating the monthly AREW luncheons, and serves as Co-President of LINX (Long Island Network Exchange) and several other industry trade organizations where she assists in the coordination of events.


The Advance Group also saw the need for a green/ sustainable solution to moving the contents of an office. “The fact that hundreds and sometimes

6 Annual Bottomless Closet event

5 Time Warner 3 With Anthony Parziale, Executive VP of Sales, and T. James Molloy, CEO

thousands of corrugated cartons would not be reused seemed like a waste of natural resources,” Vivian continues. “There had to be a better way.” Advance Group now owns ten thousand plastic, reusable “green” crates, which are delivered to the customer the week of the move and collected the week after the move. This serves several purposes; first, it forces the staff to unpack office contents in a timely manner since “green crates” are provided on a rental basis and, secondly, the client is not burdened by the disposal of corrugated cartons after the move. Lastly, and perhaps most importantly, countless trees are saved by reducing the supply of corrugated cartons. “In good “GREEN” consciousness, we strive to repurpose office furniture to “Not for Profit” Organizations in coordination with their office relocation, and we provide Certificates of Destruction for items that cannot be reused or recycled,” Vivian says.


The Advance Group has pioneered “The Sustainable Move,” a best practices system that is not merely leaner, greener and more economical…but also can result in tax and other benefits for your organization...and potentially, for charities and not for profits. The Advance Group is leading the charge to reduce those 3 million tons in landfills by enabling its customers to:       

Reallocate and redirect unwanted assets Defray disposal costs Qualify for available tax credits Free your company from associated liabilities Assist not-for-profits and charities Contribute to environmental health Be recognized for your donations.

“Vivian was the first person I thought of when we were planning our last corporate relocation. I had met her when we served together on the Association of Real Estate Women (AREW) board of directors. She was a true professional in every sense of the word. She tackled everything on our project: from dealing with problems of building access to getting the right packing materials to move sensitive laboratory equipment. We were able to not miss a business “beat” thanks to Vivian Aronica and the Advance Group.”

– Jennifer Carey, JLC Environmental Consultants Caption • 5a

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A Special Edition from Sokol Media, Inc.











The Best and the Brightest Women in the NYC Real Estate Industry are profiled in this issue!