Speculations about Lipstick Building’s Owner

The owner may be looking to do a quick short-term deal because of the way the market is.  The full article is below:

http://bit.ly/9x2Ge5

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Featured in the New York Post: “Elie Hirschfeld’s Marathon Ways”

Elie Hirschfeld’s Marathon Ways


Elie Hirschfeld is nothing like his late dad Abe Hirschfeld, the publicity-loving real-estate man who once long ago controlled this newspaper for a few days between his hapless campaigns for public office. Elie, 60, started jogging 27 years ago. He completed 10 marathons and 75 triathlons. Last February, he was the oldest competitor in Israel’s Israman Ironman Distance Triathlon. And this weekend, he’ll run, bike and swim in the Eiffel Tower Triathlon in Paris. We’re exhausted just thinking about it.

Read more:

http://www.nypost.com/p/pagesix/not_like_his_father_XryabSnDumDe5lsV0noueL#ixzz0tgEfuoLU


Elie Hirschfeld’s Favorite New York “Haute Spots” in Haute Magazine

Elie Hirschfeld

FAVORITE RESTAURANT: La Grenouille

BEST SUSHI: Sushi of Gari

BEST STEAKHOUSE: Frankie & Johnnie’s Steakhouse

WHERE WERE YOU BORN: Tel Aviv, Israel

HOW LONG IN NEW YORK: 50 years

NEIGHBORHOOD: Plaza District

OCCUPATION: Real estate developer

BEST ETHNIC FOOD: Taboon

BEST ITALIAN: Bottega Del Vino

BEST PIZZA: Lucali

BEST LUNCH: The Abby Aldrich Dining Room at Rockefeller University

BEST PLACE FOR LATE NIGHT DINING: Brasserie

BEST DESSERT: Junior’s Most Fabulous Cheesecake & Desserts

BEST PLACE FOR A ROMANTIC DATE: The Park Room at The Helmsley Park Lane Hotel

BEST SUNDAY BRUNCH: The Ritz-Carlton

HAUTEST CLUB/LOUNGE: Le Caprice at the Pierre Hotel

BEST PLACE FOR A POWER BUSINESS MEETING: The Prime Grill

IF YOU HAVE OUT OF TOWN GUESTS, WHICH HOTEL WOULD YOU RECOMMEND? St. Regis Hotel

FAVORITE SHOPPING VENUE/BOUTIQUE: Madison Avenue in the 70s

BEST PLACE TO BUY JEWELRY/WATCHES: A La Vieille Russie

BEST SPA: Sports Club/LA on the East side

BEST GYM/ATHLETIC FACILITY: Sports Club/LA on the East side

BEST MASSAGE: Sports Club/LA on the East side

BEST LIMOUSINE/DRIVING SERVICE: My driver

FAVORITE CHARITY EVENT: Continuum Center for Health and Healing Gala

FAVORITE CULTURAL EVENT: The Tony Awards

FAVORITE CULTURAL INSTITUTION: The Neue Gallery

BEST MUSEUM/EXHIBIT: New York Scenes in the Brooklyn Museum

FAVORITE HISTORIC/LEGENDARY PLACE TO SEE OR EXPLORE: The High Line District

ALL-AROUND FAVORITE SPOT IN NEW YORK: Central Park

BEST ASPECT OF NEW YORK: It’s my home

http://mia.hauteliving.com/haute-secrets/?cat=All&market=New%20York&guideid=270

Manhattan Real Estate Mogul, Elie Hirschfeld, Looking to Buy Development Opportunities in All 5 Boroughs

NEW YORK, June 23, 2010 – New York real estate tycoon, Elie Hirschfeld, announced today that he is currently looking to invest in real estate development opportunities in all five boroughs. With all sectors of the market improving in New York, now is the right time to buy.

“Now is a good time to aggressively reengage in the real estate market in New York,” says Elie Hirschfeld, President of Hirschfeld Properties, LLC. “In the next 24 months, the market is primed to bounce back.  The opportunities that exist today will not be around tomorrow.”  With job growth on the horizon and rentals in short supply, today is the day for people to make a long term investment.”

About Elie Hirschfeld

President and CEO of Hirschfeld Properties since 1997, Elie Hirschfeld has dedicated his professional life to real estate development planning and implementation. Since joining the company in 1976, Mr. Hirschfeld’s projects have included the development of prominent New York City properties such as the Grand Sutton, the Hotel Pennsylvania, the Crowne Plaza Hotel, and Park Avenue Court.

Mr. Hirschfeld is responsible for guiding the strategic direction of the company and leading all aspects of development including new project analysis, lease marketing and negotiation, legal strategies, and architectural and construction management. Elie Hirschfeld directed Hirschfeld Properties, LLC into partnerships with other distinguished real estate development firms such as the Zeckendorf Organization, the Donald Trump Organization, The Silverstein Organization, Empire Realty Group, Belz Enterprises of Memphis and the shopping mall development group, The Mel Simon Organization.

Additionally, Hirschfeld is an avid sportsman, having completed the New York City Marathon and the New York City Triathlon several times, and the Mighty Hamptons Triathlon for the last twenty consecutive years.

Elie Hirschfeld Alleviates Parking Woes With www.Park.com

NEW YORK, June 18, 2010 – New York real estate tycoon, Elie Hirschfeld, officially announces the launch of www.park.com. Currently in development with partner Rob Monster, CEO of Epik.com, Park.com will ultimately become the premier destination for consumers to search for parking spots with ease on any internet enabled device.

“Living and working in Manhattan, I am completely familiar with the frustration and challenge it is to park in a city,” says Elie Hirschfeld, President of Hirschfeld Properties, LLC.  “Park.com will help relieve some of that daily stress in cities nationwide by making it easier to find parking while also providing a sense of security knowing that after a long day of work, your car is going to be exactly where you left it that morning.”

In addition to providing security and stress relief to its consumers, the site includes parking areas for those clients who have Radio Frequency Identification (RFID) enabled accounts.  With an RFID tag, clients are able to drive right into specific garages and get a direct charge to a card of choice which will do away with the hassle of searching for the correct amount of change or identification to make it even simpler to live in and commute to urban areas.

For more information, visit www.park.com .

About Elie Hirschfeld

President and CEO of Hirschfeld Properties since 1997, Elie Hirschfeld has dedicated his professional life to real estate development planning and implementation. Since joining the company in 1976, Mr. Hirschfeld’s projects have included the development of prominent New York City properties such as the Grand Sutton, the Hotel Pennsylvania, the Crowne Plaza Hotel, and Park Avenue Court.

Mr. Hirschfeld is responsible for guiding the strategic direction of the company and leading all aspects of development including new project analysis, lease marketing and negotiation, legal strategies, and architectural and construction management. Elie Hirschfeld directed Hirschfeld Properties, LLC into partnerships with other distinguished real estate development firms such as the Zeckendorf Organization, the Donald Trump Organization, The Silverstein Organization, Empire Realty Group, Belz Enterprises of Memphis and the shopping mall development group, The Mel Simon Organization.

Additionally, Hirschfeld is an avid sportsman, having completed the New York City Marathon and the New York City Triathlon several times, and the Mighty Hamptons Triathlon for the last twenty consecutive years.

Elie Hirschfeld Featured on GlobeSt.com

With Labor Figures, Time to Talk of CRE Revival?

Last Updated: June 6, 2010 09:49pm ET

WASHINGTON, DC-Labor Department figures released Friday disappointed many–in all sectors of the economy–with the lackluster growth in private sector hiring. In May, 431,000 jobs were added–the vast majority of which, though, were temporary Census workers. The private-sector only added  41,000 jobs to the economy.

For the real estate industry–a lagging indicator–these numbers are not going to have an immediate impact. Indeed, the fundamentals in the real estate space are not likely to improve at least until the end of the year, according to several industry analysis reports.

Still, though, the latest figures provide an opportunity to take a snapshot of where commercial real estate markets stand right now, compared to a year ago. From that perspective, the situation is slightly less grim. At bottom it shows that progress is being made. “Anecdotally, it is getting better for landlords,” Hirschfeld Properties CEO Elie Hirschfeld tells GlobeSt.com, speaking of the New York City market. “We see that in both office and residential properties. We as landlords needed to really stretch to bring in tenants. One critical sign that the real estate market is improving is the fact that the tenant is back to paying the brokerage fee for residential” as opposed to the landlord, which had been the case for the last year or so.

For office in New York, John B. Brod of PBS Real Estate, is predicting that office rents will rise by the end of 2011. “We see a demand coming between end of 2011 and 2014, as the economy improves.” W. Joshua Levering, SVP of Parsippany, NJ-based NAI James E. Hanson, reports he is seeing an increase in activity, with firms beginning to look for additional space in both the office an industrial segments as well as some retail. Kenneth Katz, co-founder and principal of Houston-based Baker Katz reports that the most substantial and noticeable improvement he is seeing is that, as a whole, retailers are more focused on expanding than they have been at any time since the recession started. “Rental and occupancy rates for first-class retail projects in Houston were minimally affected during the recession,” he says. “Since the development pipeline is virtually empty, we believe that those rates have a limited downside.”

None of this, however, is meant to sugar coat the long-slog ahead. Levering’s colleague Andrew Somple, in the Hackensack, NJ office, put it this way: “There is a lot of pessimism in the marketplace which is stalling any organic growth of users.” Nor does Levering discount the import of employment trends to real estate fundamentals. “Discussions with my customers and clients about hiring typically hinge on what happens in our economy coupled with the overall costs of hiring full time employees,” he tells GlobeSt.com. “It is often easier to hire temporary employees and wait and see how the economy improves.”

http://www.globst.com