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Examples
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Norman Sturner, chief executive of Murray Hill Properties, says the best part of using a broker is you only pay them if they bring home a deal.
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Sturner said he brought in Crown Acquisitions, whose principals include Haim Chera, for its retail expertise.
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The Sturner-Crown joint venture plans to raise rents at 530 Fifth Ave., which is located at West 44th Street and has 500,000 square feet 46,000 square meters of space, Sturner said in a phone interview.
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"Crown is better at retail than we are, and there's a big retail component here," Sturner said.
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"This offers us a great opportunity," Sturner said.
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The buyers are seeking an investment bank to take over the mortgage, Sturner said.
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"Fifty percent of the building is up for renewal in the next four to five years at sub-$45 rents," Sturner said.
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The deal for the Manhattan building is scheduled to be completed by the end of the year, Sturner said.
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Ben Sturner of the Leverage Agency in New York, claimed Woods 'strategy of silence was "a risk", especially as the golfer's clean-cut image had helped make him a dollar billionaire through a string of sponsorship and endorsement contracts.
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In case you hadn't noticed, Sturner said, Subway is running a sandwich ad promoting its new jalapeno meatball sub and using Michael Phelps.
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