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November 14, 2011 



Enjoy the freshest seafood in the city! McCormick & Schmick’s offers 30 varieties of seafood delivered daily from around the world. Ideal for your office holiday party. For more details, click here.

If the federal government wants to be successful in its effort to sell off many of its properties, it needs to act more like a business, says JLL government investor services managing director Joe Brennan, who's speaking at Bisnow's Federal Assets for Sale event this Friday at the Roosevelt Hotel. "We applaud the Feds, but ... they have to provide something a buyer is going to want to purchase." (Perhaps this is why our food-odor cologne biz never got off the ground.)
Joe Brennan and Tom Finan, Jan. 29, 2010, Willard InterContinental, DC
Joe (left, with Trammell Crow DC-area head Tom Finan at a Bisnow GSA event last year) tells us a multi-year, comprehensive disposition campaign in the style of BRAC won't work. Instead, just sell that $400k building to a willing buyer now and realize the immediate gain. He adds that a property's commercial value comes from income flow or zoning potential. The assets the federal government wants to sell aren't typically income-producing properties, but imagine the sales potential on a waterfront utility station if the government changed zoning to allow hotel development. Speakers joining Joe: the GSA's Desa Sealy, Edge Principal Advisors principal Jeffrey Walker, Cassidy Turley government services senior managing director Darian LeBlanc, and Arent Fox's Jon Bouker and Keith Styles. Sign up now; tickets are limited!

Bisnow contest
No, this wavy building isn’t one of Brooklyn’s hottest new luxury condos. It’s our dizzy take on a GSA-owned building in Manhattan. (Hint: It’s not for sale.) Which building is this, and which former US Senator’s name is attached to it? The first three readers to e-mail the correct answer to amanda@bisnow.com will win complimentary admission to Bisnow’s “Hot Topics: Federal Assets for Sale” event on Friday. Help us straighten this one out!

Gary Newman, Marc Lawrence, and Ruanna Sakols at Cafe Centro, MetLife Building, on Nov. 9, 2011
At the Real Estate Insiders Network breakfast at Cafe Centro in the MetLife Building last week, we snapped C-III Capital Partners managing director Gary Newman, American Land principal Marc Lawrence, and his colleague Ruanna Sakols. Ruanna tells us she and Marc co-founded REIN (this is its second event) to give dealmakers a relaxed setting to gather and, well, get deals done. Marc and Gary worked together in the mid '90s, learning about distressed debt at a boutique law firm that concentrated on foreclosures (Fannie Mae and Freddie Mac were big clients). When we saw Marc later that night at another event, he told us several people had pegged him as a doppelganger that day, including for Kevin James and Ray Liotta.
Jeffrey Kraft, Richard Sussman, and Robert Hellman at Cafe Centro, MetLife Building, on Nov. 9, 2011
Valley National Bank's Jeffrey Kraft (with Rosenberg & Estis' Richard Sussman and Pembrook Capital Management's Rob Hellman) tells us his Wayne, NJ-HQed firm is expanding its presence in NYC and Long Island. He says REIN's hot breakfast was a nice change from a week in Jersey with no heat or electricity—even his golden retriever pup Layla was cold! Rob says Pembrook is actively making bridge and mezz loans from its two funds.The continued lack of securitized lending is helping firms like his, but it can also do the kind of underwriting that’s necessary these days and close when it says it will—huge for relationship building.
Neil Weinrib, Charles Fritschler, and James Chin at Cafe Centro, MetLife Building, on Nov. 9, 2011
And here's Neil A. Weinrib & Associates' Neil Weinrib, Curator LLC managing director Charles Fritschler, and James Chin & Associates' James Chin, who served as NYC Zoning Board's chairman of the Board of Standards and Appeals under both Rudy Giuliani and Mayor Mike.

Michael Squires, Cat Trenner, and Charles Tallinger at Bowlmor, 44th Street, NYC, Nov. 9, 2011
At NAIOP NYC Developing Leaders' gathering at Bowlmor in Midtown last week, we snapped Citigroup Global Capital Markets' Michael Squires, Structure Tone's Cat Trenner, and Partner Engineering and Science's Charles Tallinger among the 50 members who stopped by for beer and bowling. Looks like ties and suit jackets are the new bowling shirt (take note, Charlie Sheen.)
Jim Traynor at Bowlmor on 44th Street, NYC, on Nov. 9, 2011
Ernst & Young's Jim Traynor in action.
What’s your average? Tell amanda@bisnow.com and amanda.metcalf@bisnow.com and maybe we’ll tell you ours. (Amanda Marsh still needs to use bumpers. Metcalf is only slightly embarrassed to own her own ball.)
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