Pricey property deals bounce back in first half

Staying on top of the trends in the real estate market, especially in the tri-state area is very important to The Advance Group.
-I found an article in Crains today that  left me feeling positive about our market and our industry and I wanted to share it with you.

Pricey Property Deals Bounce Back in First Half

Written by By Theresa Agovino 

Big price tags returned to Manhattan's commercial sales market in the first half of the year, with the most expensive deal in the period valuing 1221 Sixth Ave. at $1.28 billion. That is more than three times what 1334 York Ave.—the costliest property purchased in the first half of last year—fetched. What's even more intriguing about the deal that leads Real Capital Analytics' top property sales for the first half of 2010 (see chart, Page 17) is that the Canada Pension Plan Investment Board purchased only 45% of the tower.

“Noncontrolling stakes are not very liquid, so when people buy them, it is a positive sign,” says Dan Fasulo, a managing director at Real Capital. He notes that investors' increasing willingness to lavish tens or even hundreds of millions of dollars on a stake in a property in which they won't be in the driver's seat suggests a firming of confidence in the market's strength.

Interestingly, the list's second and third spots were also captured by deals involving the purchase of noncontrolling stakes. Rockpoint Group bought 49% of 299 Park Ave. in a transaction valuing the building at $630 million. And RXR Realty bought a 49% stake in 340 Madison Ave. in a deal that puts the value of the building at $570 million.

In the first half of the year, there were 16 deals valuing buildings at more than $100 million, compared with only five in the first half of last year

Full Article at this link-

For any information on The Advance Group or help with your move e-mail Anthony Parziale,Vice President, Sales & Marketing at

TOP TEN Reasons to Hire The Advance Group

The Advance Group’s 10
Visible Advantages are features and benefits that you can see at work for you. They enable you to confidently make the most informed and best move decisions that will result in your lowest final project cost.

Most Experienced Team
We have the largest and most experienced executive and project management staff in the tri-state area, with over 500 years of collective experience. Each employee has passed a background check and is required to maintain high standards, including being fully uniformed. Our office and management team is over 80 strong.

A Dedicated Project Management Team
Your sales executive will assemble a team of professionals from client services and operations that is best qualified to manage your move.

24/7 Commitment
Our commitment to your successful project is 24/7. You will be able to contact your entire project team, from client services to operations, at any time via phone and email.

Largest Combination of Facilities and Locations
We have four service locations: Queens, New York City, Long Island, and New Jersey. Three of these locations have large, secure, and centrally monitored facilities, offering you extensive flexibility and convenience. We maintain a total of 325,000 sq. ft. of warehouse space.

Largest, Most Modern Fleet
We have the largest, most modern trucking fleet that includes 44 trailers, 36 straight trucks (26 feet in length), and 30 tractors.

The Latest Communication Technology
The Advance Group is committed to using the latest proven technology to reduce costs, raise performance standards, and to provide secure online access to inventory. We utilize BarScan® software for asset management, and O'Neil Software and MoveMagic software for proactive move management.

Financial Strength
The Advance Group is profitable, growing, and financially strong, with over $24 million in revenue.

Labor Harmony
Our 120 direct employee movers are union members. We also employ over 30 union carpenters and approximately 40 warehouse personnel.

Commitment to Green
The Advance Group takes seriously the obligation to maintain and support environmentally responsible policies and practices. We support LEED certified projects.

Strength Through Associations
The Advance Group is a member BOMA, IFMA, and AMSA and over twenty other professional associations and trade groups. The Advance Group (through its Advance Commercial Movers and Molloy Bros. business units) is affiliated with Mayflower Transit in New York and New Jersey.

To Relocate or Not to Relocate, The Decision is Yours

Sometimes making a move can be an extremely difficult decision, especially when it’s your business. Between weighing out the pros and cons, figuring out how your clientele will be affected and estimating cost, moving your business can be a real hassle.
Fortunately, when you do make that decision, we are here to help. With talented project managers ready to serve your needs, you can rest assured that the actual moving aspect of relocation is in good hands. We thrive on keeping stress low and confidence high in what could be a major headache.
Here’s an article that might help when coming up against tough business relocation decisions.
Of course, it’s always wise to do your own research, but we thought this may help get the ball rolling.

Welcome To The Advance Group

Anthony Parziale VP of Sales and Marketing tells you whats new for the 2010 year at The Advance Group

The Advance Group does more than move you into the future; it partners with you to create the future.

Sophisticated clients, with increasingly complex projects, demand a partner that shares their high standards, rigid performance requirements, and bottom line orientation. The Advance Group, formed from leading businesses in the commercial moving, office furniture installation, distribution, storage, document management, and employee relocation fields, answers this call.

The Advance Group has over 40 years of broad-based experience, national and international connections for complex moves, the largest talent pool and most experienced management-level team in the industry, and a centralized management operation. Together, these services provide a seamless, cost-effective, and highly coordinated response to your most challenging projects