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The Real Estate Council is a special group of Patrons, comprising leaders within the real estate industry. This prominent group of developers, landowners, brokers, and architects provides significant support for Carnegie Hall’s Annual Fund. In addition to receiving Patron privileges, the Real Estate Council gathers twice each year for a private dinner and performance. For more information, please call Don Spalding in the Patron office at 212-903-9807.

In a recent wave of leasing activity, SocialFlow has inked an office at 52 Vanderbilt Avenue.
Prized for its central location and its connection to Grand Central Terminal, the Brause Realty-owned building will welcome SocialFlow to its 12th floor, where the branding firm will take 9,275 square feet spanning the entire floorplate.
The firm, which will be relocating from around the corner at 2 Grand Central Tower, was drawn to the building for its location and its creative office installation, said Lloyd Desatnick, a senior vice president at Jones Lang LaSalle and a broker on the transaction.

Sephora will finally get to make over Brooklyn.
The cosmetics chain will be the anchor for what is becoming a women’s power center at the base of the borough’s Municipal Building.
Some 48,000 square feet of retail on three levels will host Sephora in a 7,000-square-foot ground-floor corner spot, along with another 1,300 square feet of storage.
We first told you this deal was in progress in March 2012.
The retail space, known as 210 Joralemon St., is being redeveloped by United American Land after a city RFP process. The building is now in a Skyscraper Historic District.

When they talk about parts of Queens, Michael Stoler’s guests agree: growth is phenomenal – in retail, hospitality, and residential development. Even in manufacturing! Great highways, ferry service – all key to development. Of concern is the cost of space and the growing lack of space suitable for manufacturing. (Taped: 02/06/13)
The Stoler Report, Real Estate Trends in the Tri-State Region, New York’s only television broadcast featuring real estate and business leaders, began its first season on television and on CUNY TV in September, 2003 (the series has enjoyed two previous seasons on radio.) Hosted by Michael R. Stoler, the weekly program features lively round-table discussions of topical issues in the world of real estate.

Building a hi-tech campus on Roosevelt Island would be a major boon for Queens, elected officials and business leaders said Monday, as two top schools threw their support behind the location.
Both Cornell University and Stanford University officials said they favored Roosevelt Island over the two other sites being considered for the creation of an applied sciences and engineering campus – Governors Island and the Brooklyn Navy Yard.
“We think Roosevelt Island makes a lot of sense,” Cornell President David Skorton told the Daily News yesterday.
“Our medical college is right across the East River, we have students there and we think it has great access to Manhattan.”
Stanford spokeswoman Lisa Lapin said her school also favors the site due to “the amount of space that would be available there, its proximity to Queens and Manhattan, the fact that it has transit [and] it can be developed more quickly than the other sites New York put forward.”
Several local officials and community leaders, including Queens Borough President Helen Marshall and Long Island City Business Improvement District Chairman David Brause, voiced strong support for Mayor Bloomberg’s initiative, which would give free land to a top school – along with $100 million in infrastructure support – to expand the city’s economic profile into the tech world.
“An applied sciences and engineering facility on Roosevelt Island offers a once-in-a-lifetime opportunity to spur western Queens’ transformation into a world-class hub of technology and entrepreneurship and to generate significant long-term job growth for the borough,” said Rep. Carolyn Maloney (D-Queens/Manhattan) at a press conference in Long Island City yesterday.
State Sen. Michael Gianaris (D-Astoria) said the project would help the city “diversify its economy beyond Wall Street and the financial services sector. This type of high-tech initiative is exactly the way we need to go.”
“It’s a perfect location where there’s available space, easy access to subway service, mass transit as well as the connection to the bridge to western Queens,” Gianaris added.
With bids due from schools by Oct. 28, Skorton has been vocal about Cornell’s edge as a leader in the fields targeted by the mayor’s initiative as well as the school’s connection with New York City.
“My goal has been to put forth the best realization of the mayor’s vision in our application,” Skorton said.
Stanford, which boasts impressive experience of technology start-ups in Silicon Valley, has put “a huge amount of energy” into its proposal, Lapin said.

Midtown Manhattan is closer to Long Island City than it is to downtown Manhattan, and the transportation links are excellent. All this has made the area particularly attractive to deep-pocketed developers of residential projects, like Rockrose and AvalonBay, and they and other builders have a number of projects under way to house people who cannot afford Manhattan prices or decline to pay them.

Congress Park Centre, a new mixed-use development in downtown Saratoga Springs with offices, retail and luxury apartments, will also include Classical Concepts, a spa and salon featuring Aveda products. Christine Goodness will move her salon from its current Saratoga Springs location later this spring and add the Aveda products.
“I’ve worked with Aveda products for over 10 years and know the wonders and benefits of plant essences. The decision to become an Aveda Concept Salon was easy,” Goodness said in a press release.
The new salon, which will offer hair and body care including massage, cosmetics, and manicures, is designed to reflect the Aveda philosophy incorporating aromatherapy with natural elements of stone, wood and water. Aveda Corp. makes and sells environmentally-responsible beauty products.
“We feel that Classical Concepts will be a wonderful fit with our great selection of women’s apparel retailers. The Aveda products will attract a similar customer and help create a complementary tenant mix,” said David Brause, vice president of New York City-based Brause Realty Inc., in a press release. Brause Realty owns and is developing Congress Park Centre.
The complex will include 200,000 square feet of retail and office space and 30 luxury apartments. Other retail tenants include the Gap, Banana Republic, Talbots, Ann Taylor Loft, Kinko’s and Onara.

Phase II of the 282,000 sq. ft. MetLife Plaza in Queens, N.Y., is under way. New York-based owner Brause Realty Inc. broke ground on the 12-story project, which will house Metropolitan Life Insurance Co. as the single tenant. The building will serve as an addition to Phase I, which renovated an existing 6-story, 404,000 sq. ft. manufacturing facility to accommodate MetLife in one site.

52 Vanderbilt Avenue
New York, NY 10017
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