|
Commercial
Our commercial division was established in 1990 when we purchased several office buildings in Washington D. C. and New York for investment. The purpose of the division was geared to support and assist Japanese investing in US real estate.
Throughout the daily operation and management of our own investment portfolio and Japanese investment, our division has established and built relationships with regional real estate firms, management firms and construction entities. Based on our management of portfolio experiences, we have been providing firms with services such as brokerage and consulting for investing in US real estate and establishing investment programs. Also, we have been providing assistance to investors with coordinating and arranging for various financial transactions.
US commercial real estate transactions tend to be are very complicated in terms of legal aspects and business customs. We make an effort to provide customers who plan to invest or set up businesses here with our experienced know how.
Our brokerage and consulting businesses are divided into 3 categories; leasing, investment, and financing;
1. Leasing (office, retail, and industrial)
2. Investment (office, hotel, residential, and development)
3. Financing (office, hotel, multi-family and new development)
Leasing
Leasing generally is negotiated between landlord or landlord’s exclusive agent and tenant’s agent regarding rental terms and conditions. For example, leasing office space for the purpose of setting up or relocating an office will deal with various steps as shown below;
-research and consulting for setting up an office or relocating the office. -office costs comparison of each listings as per our current database. -negotiation of terms and conditions with landlord agent. -assisting with lawyers negotiating lease agreement. -follow up assistance for tenant’s construction and move in. -after care follow up of move in.
Investment Sales
Our professionals provide investors with brokerage and consulting services in terms of investing in office buildings, hotels, housing, and various new developments;
-conduct general basic research and search investment properties. -contact with a potential seller with regard to investment property. -pursue negotiation with the seller by submitting a proposal consistent with the investors objectives. -conduct and coordinate due diligence (cash flow analysis, tenant leases, building vendors, etc). -assist with lawyers negotiating purchase agreement. -coordination with a financial institution/lender. -assist with closing and other services including managing the property.
Financing
-assist with the underwriting and analysis of the property on behalf of the investor. -prepare the loan package for submission to the financial institution/lender. -assist with due diligence in connection with the lenders requirements. -assist with the lawyer’s negotiating the loan agreement. -assist the attorney with all closing matters.
Partial list of leasing activities-please refer the attached. Partial list of investment sales, and financing-please refer the attached.
Partial list of clients of past transactions.
LEASES
|
Consolidated Papers
2 Penn Plaza
|
Michinoku Bank
375 Park Avenue
|
|
French Film Office
424 Madison Avenue
|
Xerox Corporation
489 Fifth Avenue
|
|
Integrated Travel
61 Broadway
|
International Trade Resources Organization
24 West 39th Street
|
|
Alliance of America Insurers
50 West 42nd Street
|
Dafanet Communications
150 Fifth Avenue
|
|
Sabrosa Travel
420 Lexington Avenue
|
Nishida International
1065 Avenue of the Americas
|
|
Bread Market Cafe
16 West 45th Street
|
Pertour International
271 Madison Avenue
|
|
Nikko Hotels
488 Madison Avenue
|
Max Consulting
317 Madison Avenue
|
|
TF, Inc.
320 Fifth Avenue
|
Staffing by Hall, Inc.
270 Madison Avenue
|
|
S.R.E.S.
805 Third Avenue
|
Lionheart Enterprises
350 Fifth Avenue
|
|
Mori Restaurant
239 Park Avenue South
|
Diaz & Altschul
950 Third Avenue
|
|
Screen Actors Guild
360 Madison Avenue
|
Promostyl
250 West 39th Street
|
|
Graphic Sense
30 Vandam Street
|
Financial Image
170 Broadway`
|
|
Kirchstein, Ottinger, Israel & Schiffmiller P.C.
489 Fifth Avenue
|
Advanced Travel Management Corporation
489 Fifth Avenue
|
|
Showa Denko America, Inc.
489 Fifth Avenue
|
VIP Management Corp.
489 Fifth Avenue
|
|
Warren Resources, Inc.
489 Fifth Avenue
|
Cel-Tech Systems Corp.
489 Fifth Avenue
|
|
HIS Travel America, Inc.
489 Fifth Avenue
|
Baker, Robbins & Co.
489 Fifth Avenue
|
|
JRI America, Inc.
80 Maiden Lane
|
KBK, Inc.
330 Madison Avenue
|
|
Sanyo Shokai USA
512 Seventh Avenue
|
Unitrendix USA
655 Third Avenue
|
|
Qiosk.com, Inc.
90 Broad Street
|
Hitachi Software
1775 Broadway
|
|
LNGJ America
780 Third Avenue
|
Yoshinoya
255 W. 42nd Street
|
|
Mitsui Zosen U.S.A.
150 E. 58th Street
|
Celartem Technology
589 Broadway
|
|
Nomura America
747 Third Avenue-Sublease
|
Nomura America
149 Madison Avenue
|
|
Cosmo Oil America
150 East 52nd Street
|
National ID Security
60 Broad Street
|
|
KPS America
Executive Plaza, Elmhurst
|
Kikusui America
Lakewood, NJ
|
|
Kuraray America
101 East 52nd Street
|
Chiyoda Sushi
16 East 41st Street\
|
|
Genji Express
Long Island City, NY
|
Bento Noubeau of Canada
173 Broadway
|
|
Bento Noubeau of Canada
1430 Broadway
|
Bento Noubeau of Canada
30 Broadway
|
|
Intelligent Wave USA
60 East 42nd Street
|
Chiyoda Sushi
Vernon Blvd., Long Island City, NY
|
|
Abeam Consulting America
60 East 42nd Street
|
Pack America
320 Fifth Avenue
|
|
Okamoto USA
366 Fifth Avenue
|
Exlayer USA
307 West 38th Street
|
|
SUNRIC USA
40 West Broadway
|
Tokyu Travel USA
16 East 44th Street
|
|
Rissho Koseikai USA
320 East 39th Street
|
Washoku Tei
1007 Second Avenue
|
|
Washoku Café
9 East 37th Street
|
TTA Inc.
233 Broadway
|
|
|
|
DEBT & EQUITY FINANCING LEASING INVESTMENT SALES
We are pleased to announce these financing transactions..
17 John Street
New York, NY
FINANCING
RESIDENTIAL CONVERSION
$18,000,000
|
200 West 24th Street
Luxury Condos
New York, NY
CONSTRUCTION FINANCING
$13,000,000
|
|
345 West 35th Street
New York, NY
INTERIM FINANCING
HOTEL DEVELOPMENT
$16,500,000
|
27 North Moore Street
New York, NY
FINANCING
RESIDENTIAL CONVERSION
$31,500,000
|
|
Chelsea Hampton Inn
West 24th Street
New York, NY
CONSTRUCTION FINANCING
$16,000,000
|
Queens Office Building
Queens Boulevard
Woodside, NY
PERMANENT FINANCING
$4,250,000
|
|
Manhattan Woods CC
Rockland County, NY
EQUITY & DEBT
$11,000,000
|
Cooper Park Lofts
Williamsburg, Brooklyn
CONSTRUCTION FINANCING
$14,200,000
|
|
304 West 115th Street
New York, NY
CONSTRUCTION FINANCING
$6,100,000
|
489 Fifth Avenue
New York, NY
FINANCING & SALE
$34,000,000
|
|
Office Building
WEST 48th STREET
New York, NY
REFINANCING
$12,000,000
|
Dylan Hotel
East 41st Street
New York, NY
REFINANCING
$15,000,000
|
|
Private Hotel Group
New York, N.Y.
Boston, MA
Washington, D.C.
San Francisco, CA
REFINANCING
$85,000,000
|
Clarion Hotel
Albany, NY
REFINANCING
$9,500,000
|
|
475 Broadway
New York, NY
FINANCING
RESIDENTIAL CONVERSION
$17,000,000
|
21 Maiden Lane
New York, NY
FINANCING
RESIDENTIAL CONVERSION
$8,000,000
|
For all your real estate needs:
SUMITOMO REAL ESTATE SALES (N.Y.), INC.
Commercial Division
130 West 42nd Street
New York, NY 10036
Tel: 212-596-0820
Fax: 212-596-0801
bauer@sumitomo-ny.com
|