Currently viewing the tag: "Jeff Winick"

10 New York Names to Watch

A Single-Sector Expert Diversifies

Founded in 1982 as the second-ever commercial leasing firm solely focused on retail, Winick Realty Group has branched out from leasing— and retail—for the first time. In July, Winick said it had hired David Workman, formerly executive managing director of Savitt Partners, to lead a team that will handle investment sales, office leasing, 1031 exchanges, land sales and a host of other commercial real estate services on a local, national and international basis. Company founder Jeff Winick has been “diversifying the service lines, and they have a stellar reputation in retail,” Workman says. The company is “leveraging amazing relationships” that it has established with clients for which it has done numerous multiple deals. “They really know their stuff. Their platform is about detail orientation: knowing your product, knowing your market and knowing how to put them together.” One result of the relationships that the Winick Realty team has cultivated is the number of off market transactions Workman and his team have handled, whether through assignments brought to them by clients or solutions the team has devised. Workman also cites the analytics and data efforts spearhead by EVP Kenneth Hochhauser as a factor in expanding the 35-year-old firm’s existing service lines.

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real estate forum_september 2017_10 New York Names to Watch

Winick Realty Group is one of New York’s prominent real estate firms specializing in retail leasing and advisory services.  Over the years, Winick Realty has served a broad range of domestic and global clients, with a strong emphasis on long-term representation and expansion and growth strategies.  Winick Realty Group is highly recognized as a forerunner in the retail real estate market.

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Winick Realty Group Expands Commercial RE Efforts with Addition of Investment Sales & Commercial Leasing Division

david-workman-print-ver-profile-001Winick Realty Group, founded in 1982 as the second-ever commercial leasing firm solely focused on retail, has announced an expansion of its commercial real estate efforts for the first time in its 35-year history.

The firm has hired David Workman, formerly Executive Managing Director of Savitt Partners, to lead a team of brokers who will handle investment sales, office leasing, 1031 exchanges, land sales and a host of other commercial real estate services on a local, national and international basis. The new investment sales and commercial division will leverage Winick’s existing retail relationships, as well as harness the incredible analytics and data efforts led by Executive Vice President Kenneth Hochhauser, in order to bring new, expanded levels of service to the Winick Realty Group brand.

“Our vision is to expand upon and establish even more resources, such as investment, acquisitions, dispositions and commercial leasing, within the array of services this iconic firm already provides,” said Workman. “For more than three decades, they have specialized in retail leasing and now, with this new department, landlords and tenants alike can also take advantage of an expertise in all aspects of commercial real estate in both the leasing and sales arenas. We are excited to add additional services for the company to offer their clients.”

Workman comes to Winick Realty Group with more than 30 years of experience, during which time he has been involved in investment sales and leasing transactions valued over $1 billion. His career has run the gamut from commercial leasing to investment sales to the sale of land and air rights.

Over the course of his career, Workman executed multiple 1031 exchanges in New Jersey, Florida and New York, among others. Workman acted as buyer broker for a foreign investment group in the acquisition of two off-market downtown office buildings at 67 Broad Street (now 75 Broad Street) and 39 Broadway, totaling approximately 1.2 million square feet. He sold seven supermarkets and five CVS locations totaling approximately 400,000 square feet in Georgia, South Carolina and North Carolina to The Rosen Organization, as well as 1,000 acres of land at the Tennanah Lake Golf & Tennis Club in Roscoe, NY to one of the largest landlords in Palm Beach. Workman represented Pace University in the off-market acquisition of 100,000 square feet at 106 Fulton Street; sold more than 100,000 square feet of air rights at 310 West 52nd Street to Sant Chatwal, the developer of the Dream Hotel; and oversaw the marketing and eventual sale of 80-90 Livingston Street, a multi-use building comprised of existing retail and residential units with development rights in Brooklyn.

On the commercial leasing side, Workman has successfully completed commercial leasing efforts on behalf of Wilhelmina Models, Fiduciary Trust, First Investors, Metromedia, Masco Corporation, Met Life, Zurich Reinsurance and many others. Coincidentally, the only retail deal Workman has ever completed was with Winick Realty Group, having worked with Executive Vice President Darrell Rubens a decade ago to lease more than 23,000 square feet to Gold’s Gym at 90 John Street.

Workman leads a team that includes new hires Elana Tsyganko and Max Kostikov, both of whom come to Winick with more than six years of commercial leasing and sales experience, as well as salesperson Matthew Schwartz. Derek Weinberger, who has been an Investment Sales Associate at Winick Realty Group since 2015, where he focuses on properties in New York City and Long Island, will now be working with Workman as well. The team brings together years of experience in real estate investment and deal structuring and they are poised to take on any job required to give their clients the insight and expertise they need.

“I am honored to join Winick Realty Group in this effort and I am heartened to know that I have their full support,” said Workman. “I like the fact that CEO Jeff Winick and President Steven Baker, along with all of the partners here at Winick Realty Group, believe in what we are doing and they are completely behind us. One of the most attractive things about this new venture is being able to have the support of a cutting-edge, market-savvy team. Given the immediate reaction of the entire Winick organization in bringing their potential business opportunities and relationships, we expect to be very busy.”

“It is a pleasure to welcome David Workman and our entire new commercial leasing and investment sales team as they lead Winick Realty Group into its next chapter,” said Steven E. Baker, President of Winick Realty Group. “We look forward to being able to offer our clients a full range of commercial leasing and investment sales services and I am confident we have the right team in place to make this new division a great success.”

For more, download the full article in PDF

mann newswire-072417-Winick Realty Group Expands Commercial RE Efforts with Addition of Investment Sales & Commercial Leasing Division

Winick Realty Group is one of New York’s prominent real estate firms specializing in retail leasing and advisory services.  Over the years, Winick Realty has served a broad range of domestic and global clients, with a strong emphasis on long-term representation and expansion and growth strategies.  Winick Realty Group is highly recognized as a forerunner in the retail real estate market.

Real Estate Weekly

Savitt Partners exec David Workman moving to Winick Realty Group

david-workman-print-ver-profile-001Commercial real estate veteran David Workman has joined Winick Realty Group to lead the retail specialist’s entry to the wider commercial arena.

Workman, formerly executive managing director of Savitt Partners, will lead a team of brokers handling investment sales, office leasing, 1031 exchanges, land sales and other commercial real estate services on a local, national and international basis.

The new investment sales and commercial division will leverage Winick’s existing retail relationships, as well as harness the analytics and data efforts led by executive vice president Kenneth Hochhauser, in order to bring new, expanded levels of service to the Winick Realty Group brand.

“Our vision is to expand upon and establish even more resources, such as investment, acquisitions, dispositions and commercial leasing, within the array of services this iconic firm already provides,” said Workman.

“For more than three decades, they have specialized in retail leasing and now, with this new department, landlords and tenants alike can also take advantage of an expertise in all aspects of commercial real estate in both the leasing and sales arenas.”

Workman has been involved in over $1 billion in deals during his 30 years in the business. He represented Pace University when it bought 100,000 s/f at 106 Fulton Street and sold more than 100,000 s/f of air rights at 310 West 52nd Street to Sant Chatwal, the developer of the Dream Hotel; hehas completed leasing assignments for companies ranging from Wilhelmina Models to Zurich Reinsurance; and carried out hundreds of 1031 exchanges.

Workman’s team includes new hires Elana Tsyganko and Max Kostikov, both of whom come to Winick with more than six years of commercial leasing and sales experience, as well as salesperson Matthew Schwartz. Derek Weinberger, who has been an investment sales associate at Winick Realty since 2015, will also be working with Workman.

“It is a pleasure to welcome David Workman and our entire new commercial leasing and investment sales team as they lead Winick Realty Group into its next chapter,” said Steven E. Baker, president of Winick Realty Group.

“We look forward to being able to offer our clients a full range of commercial leasing and investment sales services and I am confident we have the right team in place to make this new division a great success.”

For more, download the full article in PDF

rew_071917_Savitt Partners exec David Workman moving to Winick Realty Group

Winick Realty Group is one of New York’s prominent real estate firms specializing in retail leasing and advisory services.  Over the years, Winick Realty has served a broad range of domestic and global clients, with a strong emphasis on long-term representation and expansion and growth strategies.  Winick Realty Group is highly recognized as a forerunner in the retail real estate market.

Citybizlist

Winick Realty Group Expands Its Commercial Real Estate Efforts With Addition of Investment Sales and Commercial Leasing Division

elana-tsyganko-print-ver-profile-001Winick Realty Group, founded in 1982 as the second-ever commercial leasing firm solely focused on retail, has announced an expansion of its commercial real estate efforts for the first time in its 35-year history.

The firm has hired David Workman, formerly Executive Managing Director of Savitt Partners, to lead a team of brokers who will handle investment sales, office leasing, 1031 exchanges, land sales and a host of other commercial real estate services on a local, national and international basis. The new investment sales and commercial division will leverage Winick’s existing retail relationships, as well as harness the incredible analytics and data efforts led by Executive Vice President Kenneth Hochhauser, in order to bring new, expanded levels of service to the Winick Realty Group brand.

“Our vision is to expand upon and establish even more resources, such as investment, acquisitions, dispositions and commercial leasing, within the array of services this iconic firm already provides,” said Workman. “For more than three decades, they have specialized in retail leasing and now, with this new department, landlords and tenants alike can also take advantage of an expertise in all aspects of commercial real estate in both the leasing and sales arenas. We are excited to add additional services for the company to offer their clients.”

Workman comes to Winick Realty Group with more than 30 years of experience, during which time he has been involved in investment sales and leasing transactions valued over $1 billion. His career has run the gamut from commercial leasing to investment sales to the sale of land and air rights. Over the course of his career, Workman executed multiple 1031 exchanges in New Jersey, Florida and New York, among others. Workman acted as buyer broker for a foreign investment group in the acquisition of two off-market downtown office buildings at 67 Broad Street (now 75 Broad Street) and 39 Broadway, totaling approximately 1.2 million square feet. He sold seven supermarkets and five CVS locations totaling approximately 400,000 square feet in Georgia, South Carolina and North Carolina to The Rosen Organization, as well as 1,000 acres of land at the Tennanah Lake Golf & Tennis Club in Roscoe, NY to one of the largest landlords in Palm Beach. Workman represented Pace University in the off-market acquisition of 100,000 square feet at 106 Fulton Street; sold more than 100,000 square feet of air rights at 310 West 52nd Street to Sant Chatwal, the developer of the Dream Hotel; and oversaw the marketing and eventual sale of 80-90 Livingston Street, a multi-use building comprised of existing retail and residential units with development rights in Brooklyn.

On the commercial leasing side, Workman has successfully completed commercial leasing efforts on behalf of Wilhelmina Models, Fiduciary Trust, First Investors, Metromedia, Masco Corporation, Met Life, Zurich Reinsurance and many others. Coincidentally, the only retail deal Workman has ever completed was with Winick Realty Group, having worked with Executive Vice President Darrell Rubens a decade ago to lease more than 23,000 square feet to Gold’s Gym at 90 John Street.

“I was incredibly impressed with Darrell and Winick Realty Group at the time and now, ten years later, joining Winick Realty Group myself, I feel that things have really come full circle,” said Workman. “It’s a sign that this partnership was meant to be.”

Workman leads a team that includes new hires Elana Tsyganko and Max Kostikov, both of whom come to Winick with more than six years of commercial leasing and sales experience, as well as salesperson Matthew Schwartz. Derek Weinberger, who has been an Investment Sales Associate at Winick Realty Group since 2015, where he focuses on properties in New York City and Long Island, will now be working with Workman as well. The team brings together years of experience in real estate investment and deal structuring and they are poised to take on any job required to give their clients the insight and expertise they need.

“I am honored to join Winick Realty Group in this effort and I am heartened to know that I have their full support,” said Workman. “I like the fact that CEO Jeff Winick and President Steven Baker, along with all of the partners here at Winick Realty Group, believe in what we are doing and they are completely behind us. One of the most attractive things about this new venture is being able to have the support of a cutting-edge, market-savvy team. Given the immediate reaction of the entire Winick organization in bringing their potential business opportunities and relationships, we expect to be very busy.”

“It is a pleasure to welcome David Workman and our entire new commercial leasing and investment sales team as they lead Winick Realty Group into its next chapter,” said Steven E. Baker, President of Winick Realty Group. “We look forward to being able to offer our clients a full range of commercial leasing and investment sales services and I am confident we have the right team in place to make this new division a great success.”

For more, download the full article in PDF

citybiz-071717-Winick Realty Group Expands Its Commercial Real Estate Efforts With Addition of Investment Sales and Commercial Leasing Division

Winick Realty Group is one of New York’s prominent real estate firms specializing in retail leasing and advisory services.  Over the years, Winick Realty has served a broad range of domestic and global clients, with a strong emphasis on long-term representation and expansion and growth strategies.  Winick Realty Group is highly recognized as a forerunner in the retail real estate market.

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Sign of the times? Retail brokerage Winick diversifies with investment sales division

david-workman-print-ver-profile-001Amid a downward spiral in brick-and-mortar, one of New York City’s best known retail-only brokerages is diversifying its business.

For the first time in its 35-year history, Winick Realty Group will have dedicated team for investment sales and office leasing advisory services, the company told The Real Deal. Winick has tapped David Workman, formerly a managing director at Savitt Partners, to lead the new division.

Workman’s team includes new hires Elana Tsyganko, who jumped from Nest Seekers International, and Max Kostikov, who was previously at Venture Capital Properties.

Workman, a former Newmark Knight Frank executive, joined Savitt in February 2015. His role at the company included listing investment properties for sale and structuring off market transactions, he said. His deals there included the sale of a trio of adjacent residential and commercial buildings at 80-90 Livingston Street in Downtown Brooklyn to Kahen Properties for $23.2 million in 2015.

“Savitt is known as a very established management firm — but to go back to a real full scale brokerage firm was back to my knitting,” he told TRD.

The move comes as Manhattan’s retail market plunges after years of frenzied growth — spelling less business and sparse commissions for retail brokers.

Norman Bobrow, founder of the eponymous Manhattan-based commercial brokerage, told TRD in December that times were tough for retail brokers. “I discourage all brokers in my office to work in retail unless they have an exclusive,” he said. “It is not the place to be in.”

Average asking rents per square foot for ground floor retail space declined year-over-year in 14 of the 17 priciest corridors, according to a spring report by the Real Estate Board of New York.

Winick founder Jeff Winick declined to be interviewed on the reasons for the move.

But his firm has been venturing out of its comfort zone in search of new business of late. It expanded outside the tri-state area for the first time in December with a partnership with seven-year-old Miami Beach brokerage Avenue Real Estate Partners. They are partnering on exclusives in the South Florida market.

For more, download the full article in PDF

THE REAL DEAL_071417_Retail brokerage Winick diversifies with investment sales division

Winick Realty Group is one of New York’s prominent real estate firms specializing in retail leasing and advisory services.  Over the years, Winick Realty has served a broad range of domestic and global clients, with a strong emphasis on long-term representation and expansion and growth strategies.  Winick Realty Group is highly recognized as a forerunner in the retail real estate market.

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New York’s retail royalty hits the Wynn Las Vegas pool

Jeff Winick and Albert LabozIn the ICSC pecking order of see-and-be-seen events, the Wynn Las Vegas poolside Sunday is perhaps at the very top. New York’s biggest retail landlords brave the sun – there seems to be a correlation between how much of Fifth Avenue one owns and their tolerance for the heat – and come together with top brokers, lawyers, and hundreds of young hopefuls.

Those holding court at cabanas and pool chairs included Jeff Sutton of Wharton Properties, Jeff Winick of Winick Realty Group, Crown Acquisitions‘ Stanley Chera, Bobby Cayre of Aurora Capital Associates, and Alex Adjmi of A&H Acquisitions. Mingling with them were Jonathan Mechanic of Fried Frank, the Feil Organization’s Jeffrey Feil (who recently settled a longstanding family battle over the firm’s $7 billion portfolio), United American Land’s Al Laboz, Zar Realty NY’s David Zar, and many others.

The scions of the retail dynasties were also out in full force, such as Bobby Adjmi of A&H, and Haim Chera’s son Stanley.

The Real Deal also hit several parties last night, including RKF’s bash at the Marquee Nightclub at the Cosmopolitan of Las Vegas hotel and Shopping Center Group’s party at the Four Season’s Ballroom.

Stanley Chera (the patriarch) said he was unfazed about where the retail market is headed, noting that over his five decades in the business, market-defining tenants had regularly faded away, only to be replaced by a fresh crop of upstarts.

“I’ve been dealing with that question all day,” Chera said, when asked if younger brokers had shared their anxieties about the market with him. Though e-commerce has certainly disrupted the landscape, Chera believes that e-commerce players will only up their demand for brick-and-mortar stores, a la Bonobos, Warby Parker and others.

Landlords who had bought their retail real estate needing to charge tenants $3,000 a foot to make their numbers work might get burned while the market adjusts itself, Chera said, but noted, with a smile, that he was not one of them.

One particularly sprightly real estate player, who had partied the prior night away at XS Nightclub, yet showed no signs of wear and tear, revealed his secret: “banana bags” of IV fluids, administered by pros, “Billions” style. “Five minutes of that in the morning,” he said, “and I’m a new person.”

For more, download the full article in PDF

THE REAL DEAL_052217_New York’s retail royalty hits the Wynn

Winick Realty Group is one of New York’s prominent real estate firms specializing in retail leasing and advisory services.  Over the years, Winick Realty has served a broad range of domestic and global clients, with a strong emphasis on long-term representation and expansion and growth strategies.  Winick Realty Group is highly recognized as a forerunner in the retail real estate market.