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REBNY Announces Contenders for Ingenious Deal of the Year

The Real Estate Board of New York (REBNY) has announced those in the running for 2020’s Most Ingenious Deal of the Year, honoring New York City’s most notable transactions and its top commercial real estate brokers.
Now in its 77th year, the competition will showcase 12 unique deals at the REBNY Sales Brokers Committee’s Virtual 77th Annual Most Ingenious Deal of the Year Awards Ceremony on June 23. Awards will be given to the first, second and third-place winners selected by a panel of real estate industry leaders.
“The contestants in this year’s landmark competition are in another class of their own and truly embody the ingenious spirit of this contest,” said REBNY President James Whelan. “To be able to successfully close deals of this caliber and significance in the midst of an unprecedented global pandemic is nothing short of extraordinary, and we look forward to celebrating their accomplishments.”

The submitted deals are as follows:
• “Perseverance in the Pandemic” – 244-500 W. 54th St. 
Submitting Broker: Jeffrey Rosenblatt (Lincoln Property Company)
• “Maneuvering Through Explosive Business Growth, Complex Decision-Making Processes and the Onset of the Global Pandemic, CBRE’s Sacha Zarba, Jeff Fischer and Alice Fair secure 232,000 square feet for TikTok in Times Square” – 151 W. 42nd St. 
Submitting Brokers: Sacha Zarba, Jeffrey Fischer and Alice Fair (CBRE)
• “The Show Must Go On” – 311 W. 43rd St.
Submitting Brokers: Ethan Silverstein and Ron Lo Russo (Cushman & Wakefield)
• “The Rolex Lease at 650 Fifth Avenue. A Statement About New York.” – 650 Fifth Ave. 
Submitting Brokers: Jonathan Fales and Barry Zeller (Cushman & Wakefield)
• “BNP Paribas | 787 Seventh Avenue” – 787 Seventh Ave. 
Submitting Broker: Peter Riguardi (JLL)
• “410 Tenth Avenue: Core Investment or Construction Deal?” – 410 Tenth Ave.
Submitting Brokers: Darcy Stacom and William Shanahan (CBRE)
• “1 Plus 1 Equals 3 (30 Madison)” – 330 Madison Ave. 
Submitting Brokers: Darcy Stacom and William Shanahan (CBRE)
• “Coming Home: How the National Urban League Returned to its Historic Home and Built an Impactful Community Facility” – 121 W. 125th St. 
Submitting Brokers: Ira Schuman and Richard Eaddy (Savills)
• “Putting Humpty Dumpty Back Together Again – The Sale of 111 Wall, a 1M SF Leasehold” – 111 Wall St. 
Submitting Brokers: James Kuhn and William Lee (Newmark)
• “The Three-Party Solution: How One Broker’s Concern for Tenants Led to the Completion of a $31.5 Million Assemblage Resulting in a Win-Win-Win for All Involved” – 198 Prince St.
Submitting Broker: Brandon Polakoff (Avison Young)
• “200 Water Street Refi in the Age of COVID” – 200 Water St.
Submitting Brokers: Andrew J. Singer and Kathleen McSharry (The Singer & Bassuk Organization LLC)
• “ ‘HONOR, COURAGE, COMMITMENT’ – Financing the Land Under Dock72 & Steiner Studios” – Dock72, Steiner Studios Sound Stages 1-5 & 25-30, Brooklyn Navy Yard 
Submitting Brokers: Scott Singer and Kathleen McSharry (The Singer & Bassuk Organization LLC)

Click here to register for the event.

Pictured: 330 Madison Ave.


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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).