Costar Names Eastern Consolidated a Power Broker in Investment Sales
NEW YORK, NY – March 30, 2018 – Costar announced its Power Broker Award Winners for New York City, naming Eastern Consolidated a Power Broker in Investment Sales and James Famularo a Power Broker in Retail Leasing.
Consistently ranked by Costar as a top New York City Investment Sales firm, Eastern Consolidated arranged significant deals in 2017 including an assemblage of three buildings at 30-36 East 29th Street and surrounding air rights to create a development site with a zoning floor area of 170,000 square feet, which was sold for nearly $100 million to the Rockefeller Group for a ground-up condominium project. Additionally, the firm sold a development site with 125,880 buildable square feet at 2555 Broadway to Extell Development for $80 million.
Famularo, Principal and Senior Director in Retail Leasing, was selected as a Costar Power Broker in Retail Leasing for the third consecutive year. Eastern Consolidated also named him Retail Broker for the Year for 2015 and 2016. A veteran dealmaker, Famularo has leased over one million square feet of retail space during his 15-plus-year career, negotiating over 700 leases for food and beverage related establishments, many headed by well-known restauranteurs and Michelin-starred chefs. His vast network of contacts enables him to quickly and efficiently identify appropriate tenants and close on average one deal a week often securing benchmark pricing.
Every year Costar Power Broker Awards celebrate the top commercial real estate firms and brokers in the United States and Canada. Over the past 16 years, Costar has recognized over 250,000 industry leaders for their success in the commercial real estate market.
Powered by a highly skilled team of over 100 brokers with a fluency in 15 languages, Eastern Consolidated is one of the country’s preeminent full-service commercial real estate firms. Through three core divisions—Investment Sales, Capital Advisory, and Retail Leasing—Eastern Consolidated serves an impressive roster of international and domestic institutional and private investors on real estate transactions of all sizes and across all property types. For more information, visit www.easternconsolidated.com and follow us on Twitter@EasternConsol.
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