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Web Hits

The document provides a summary of real estate news stories from the past month. It includes headlines about a disputed brokerage commission involving hotelier Andre Balazs' purchase of a Manhattan building, Beyonce's mother moving into her daughter's apartment in the same building, and the retail director of brokerage Massey Knakal leaving the firm after nine months citing unfair commission splits. It also lists the most popular real estate stories and comments from readers.

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2K views1 page

Web Hits

The document provides a summary of real estate news stories from the past month. It includes headlines about a disputed brokerage commission involving hotelier Andre Balazs' purchase of a Manhattan building, Beyonce's mother moving into her daughter's apartment in the same building, and the retail director of brokerage Massey Knakal leaving the firm after nine months citing unfair commission splits. It also lists the most popular real estate stories and comments from readers.

Uploaded by

news4691
Copyright
© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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Web hits: The month in review

Ellaina Dreifach Brett Miles 200 Lafayette Street Aqueduct casin rendering Ivanka Trump

ONLINE

COMMERCIAL SALES OFFICE LEASES RETAIL LEASES

THE CLOSING THE DATA BOOK EVENTS

SIGN UP FOR FREE WEEKLY E-LERTS


HOME MAGAZINE MULTI-MEDIA

Retail director leaves


JOB BOARD TIPS

Top deals of the month


SOUTH FLORIDA

Most popular stories


ADVERTISING ARCHIVES

Reader comments
CONTACT US

(Read full stories online)

Balazs purchase hit with commission dispute


By AdAm Pincus A broker who says he brought famed hotelier Andr Balazs to buy 5 Beekman Street filed a lawsuit last month claiming that the sellers, Bonjour Capital and the Chetrit Group, are refusing to pay him a commission. In the suit, filed in New York State Supreme Court, broker Neil Gronowetter of Multifamily Investor claims that he introduced Balazs to representatives of Bonjour Capital, who promised him verbally that he would receive a 1 percent commission. Balazs is now reportedly in contract to buy the 10-story building from Bonjour and the Chetrits. Neil has been victimized by well-known organizations that are looking to deny him what hes rightfully earned, said Gronowetters attorney, Luigi Rosabianca. Bonjour head Charles Dayan disputed Gronowetters claims, and said an outside real estate advisor, Hillel Spin5 Beekman Street ner, introduced Balazs to the sellers.

Top deals of the month


Agent
Kirk Henckels, Margaret Furniss, Jennifer Callahan Brett Miles, Susan Green, Rory Nichols Liora Yalof, Elizabeth Sahlman Maria Pashby, Joanna Pashby, Louis Buckworth

Firm
Stribling

Price
$21 million

Address
778 Park Avenue #16P15 400 West 12th Street #11A 800 Park Avenue #7THF 177 Franklin Street

Town

$15.5 million

Corcoran

$15.16 million $14.25 million

Corcoran

Source: StreetEasy and The Real Deal. Data is for closed deals filed with the city between Oct. 28 and Nov. 28. The chart only includes sellers brokers. Only deals where an individual broker and address can be identified are included.

Most popular stories


Beyoncs mom moves upstairs into daughters pad at One Beacon Court
By Leigh KAmPing-cArder Tina Knowles, the mother of singer Beyonc, is moving into her daughters apartment at One Beacon Court after selling her own place there, an inside source told The Real Deal last month. The elder Knowles last month signed a contract to sell her condo unit for $5.6 million, and plans to move to an apartment Beyonc owns, but does not live in, on an upper floor of the 105-unit building. Best known for designing outfits for Destinys Child, Tina Knowles now heads up an eponymous womens clothing line. She decided to sell her apartment because she got top dollar for it, and she has another option in the building, so she took advantage of it, the source said. Tina bought the unit for $2.9 million in 2005, according to property records, and listed it for just shy of $6 Tina Knowles million in May with Prudential Douglas Elliman.

1) Andrew Farkas: The sequel 2) Balazs purchase hit with commission dispute 3) Where do top brokers live? 4) Gotham breaks ground on Manhattans largest new construction project 5) Crown, Centurion purchase Sohos Apple store for $75M 6) A look at some of real estates most impressive comebacks 7) NYC rental websites stack up 8) Schron sells former Mitchell-Lama complex for $33M 9) Kushner, CIM buy 200 Lafayette Street for $50M 10) Beyoncs mom moves upstairs into daughters pad at One Beacon Court

Massey Knakal retail director leaves after nine months


By KAtherine cLArKe Massey Knakal Realty Services Ellaina Dreifach left the firm last month after less than a year, citing unfair commission splits and uncomfortable working conditions. Dreifach was hired from Eretz Realty in January to run day-to-day operations for the firms new retail leasing division, she told The Real Deal. But she was unhappy with Massey Knakals territory model and commission splits, she said. You have to pay the person in your territory 20 percent of your income, Dreifach said, and then [firm cofounders] Bob Knakal and Paul Massey want another 20 percent. Its ridiculous. Dreifach also said she is considering suing the brokerage over the way she was treated during her tenure, alleging the presence of sexual harassment and illegal drugs at the firm. A spokesperson for Massey Knakal called the allegations patently absurd and utterly baseless. Joseph Cayre
86 December 2011 www.TheRealDeal.com

Reader comments
Real estate heavyweights debate at TRD forum:

Bailey v. Saft: That was the greatest show on earth. Better than any movie since The Godfather. Please, The Real Deal, bring them back for Round 2.
Help from Yelp:

With Yelp, negative reviewers often want to settle the score for a bad experience. ... However, in real estate, so many issues arise from things outside the agents control. But [clients] dont understand these other issues, and instead it all becomes the fault of the agent. Yelp works for food, not for real estate.

Paolo Zampolli

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