Page 4 - NY Cooperator December 2020

4 THE COOPERATOR — DECEMBER 2020 COOPERATOR.COM PULSE Industry Pulse Events The Cooperator Introduces FREE Webinars—a New Resource for Boards and Managers at cooperator.com/events The Cooperator, a Yale Robbins publi- cation, has been a resource for the boards, managers, and residents of co-ops, condos, and HOAs for nearly two decades, both in print and online—and we are pleased to an- nounce a new addition to our toolkit. Yale Robbins Productions has launched Coopera- tor Events, a new series of FREE educational ‘town-hall’ style webinars, sponsored by lead- ers in the multifamily industry and focus- ing on issues and challenges facing today’s boards. We have assembled expert panels on everything from legal questions around the COVID-19 pandemic to optimizing your insurance coverage to disinfecting your com- munity’s pool. Registration and attendance are FREE to all—just visit cooperator.com/ events, choose the webinar you’d like to at- tend, and sign up. It’s that simple. You’ll get an email link and reminders for the event, and will have the opportunity to submit questions for the panelists before AND during the we- binar itself. Past events are archived and avail- able on-demand on cooperator.com/events. Serving on your board is a big job and a big responsibility, but sound, timely advice from industry veterans can help lighten the load and make your building or association run more smoothly. We’re committed to helping you achieve that, and look forward to ‘seeing’ you at an upcoming webinar! Awards & Transitions Hochfelder Promoted to CIO at Naftali Group A press release from New York privately held global real estate development and in- vestment firm Naftali Group announces the firm’s promotion of David Hochfelder from Executive Vice President of Acquisitions to Chief Investment Officer. In his new role, Hochfelder will be re- sponsible for sourcing, structuring, and executing all investments for the company. His recruitment of new investors and man- agement of existing investor relations will be integral to Naftali Group’s New York and na- tional portfolio expansion. Miki Naftali, the firm’s Chairman and CEO, says, “David has been instrumental in growing our investments, and we are proud to recognize his achievements for this well- deserved promotion. With his vast experi- ence and unparalleled industry relationships, David has a proven track record in real estate transactions. We applaud him for his com- mitment to our company and the future of our great city of New York.” A finance expert by trade, Hochfelder has been critical in the investment of more than $6 billion of real estate acquisitions through- out his career, notes the release. Prior to join- ing Naftali Group, Hochfelder worked at RFR Holding, The City Investment Fund, and The Lightstone Group. The promotion comes on the heels of Naftali Group’s sales launch at The Benson, touted as Madison Avenue’s first new Upper East Side condominium in 20 years, and in the midst of two other Upper East Side resi- dential developments: 1165 Madison Avenue and 200 East 83rd Street. This summer, Naftali Group acquired 470 Kent Avenue, one of the last and largest developable sites on the Williamsburg water- front, for $102.38 million—the largest land transaction recorded since the city’s pandem- ic-related shutdown earlier this year, accord- ing to the release. Transactions Susan Sarandon Sells Chelsea Co-op After nearly 30 years of ownership, re- ports Architectural Digest, Susan Sarandon has sold her 6,000-square-foot duplex that she purchased with former partner Tim Rob- bins in 1991. The five-bedroom, five-bathroom unit sold for its full asking price of $7.9 million, according to AD. The unit is situated on high floors in a former industrial building that dates back to the 1920s, the magazine re- ports, which has since been converted into a nine-story co-op. The apartment features high ceilings, hardwood floors, and gallery walls through- out. AD notes that numerous large picture windows provide light and airiness to the common living spaces, “including a large liv- ing space that Sarandon and Robbins used for their children’s theater and dance recitals” on the top floor. The top floor also includes the main bedroom suite, which has a private balcony, deep-soaking tub, dressing room, and unob- structed views of the Empire State Building. Rounding out the level are a corner office with built-in shelving, a cozy den, an open kitchen dining area, a laundry room, and a guest suite. One of the top floor’s bathrooms gained a certain notoriety when Sarandon told the Wall Street Journal that she keeps all of her awards, including her Oscar, in the continued on page 14