Kent Swig

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Archive for the ‘real estate’ Category

Halstead Property in the Hamptons!

At long last Halstead Property now has a presence in the Hamptons!  it is so wonderful that Halstead has announced that the firm is expanding to the East End of Long Island with the joining of the well-known and highly regarded brokerage firm Devlin McNiff. The firm is a perfect fit for Halstead for a number of reasons including their talented and experienced agents; their reputation as a top Hamptons firm; and their innovative approach to marketing listings in all price points.

Ideally located on 3 North Main Street in East Hampton, the firm will continue to run under the expert direction of Stuart Epstein and Lynn Epstein. Founded in 1971, Devlin McNiff came under the ownership of Stuart and Lynn more than twenty years ago and they have grown the firm to be a leader in the Hamptons market. Effective immediately, Stuart will serve as Managing Director, East Hamptons and Lynn will be the Director of Sales, East Hampton. We happily welcome them to the Halstead Executive Team. The firm will be now be known as Devlin McNiff Halstead Property.

Written by swigeq

October 11, 2011 at 2:50 pm

Realty Foundation Luncheon

Last April 13th, I had the pleasure of attending the annual luncheon for the Realty Foundation which honored Steve Spinola, President of the Real Estate Board of New York (REBNY) as its Man of the Year. Steve is indeed so deserving of this recognition for all of the hard work that he has done for and his dedication to the real estate industry in New York City. As a former honoree, I am thrilled to have Steve join the ranks with those of us who have been given this prestigious award.Joseph Grotto, Jr. of Cassidy Turley, Kent Swig, and Stephen Riker of Cassidy Turley

Written by swigeq

April 27, 2011 at 1:32 am

The Municipal Arts Society’s 118th Annual Meeting

Municipal Arts Society - Kent Swig, President of Swig Equities; Vin Cipolla, President of the MAS Board of DirectorsThe Municipal Arts Society (MAS) held its 118th Annual Meeting on Tuesday, March 29, at the New World Stages, with the set of Avenue Q as a backdrop.

Rocco Landesman, National Endowment for the Arts chairman, opened the evening with a keynote speech on the importance of the ‘Arts Community’ as an economic and cultural catalyst in cities. Landesman’s remarks were followed by a discussion with Gretchen Dykstra, founding President of the Times Square Business Improvement District (now the Times Square Alliance), and Rosanne Haggerty, Founder and President of the nonprofit Common Ground. The discussion was moderated by Eleanor Randolph, a member of the editorial board of The New York Times. The conversation focused around the transformation of Times Square over the last twenty years and the entities that orchestrated the neighborhood’s revival.  The Municipal Arts Society played a key role in the revitalization of Times Square through vigorous advocacy to “keep the lights on” in the district.

Muncipal Arts Society - Kent Barwick, MAS Board of Directors; David Childs, Chairman of the MAS Board of Directors; and Kent Swig, President of Swig Equities

Kent Barwick, David Childs, Kent Swig

Following this most fascinating panel discussion, MAS members voted in the continuing MAS Board Members. I was delighted to rejoin Paul Beirne, Michael Hoffman, Frances Resheske, Earl Weiner and Gary Zarr on the Municipal Arts Society Board of 2011-2012.

Past Board Members Arie Kopelman, Ashton Hawkins and Kinshasha Holman Conwill will be missed as they step down after the completing the maximum allowable term on the MAS Board of Directors. We wish them good luck in the future and look forward to an exciting new year.

Written by swigeq

April 20, 2011 at 2:49 pm

Posted in real estate

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REBNY Crossfire Panel

REBNY Panel Group Photo March 2011

Left to right: Paul J. Massey, Jr. (Massey Knakal), Robert Selsam (Boston Properties), Kent Swig (Swig Equities), Moderators, Rick Marek (Vortex Group) and Steve Durels (SL Green); bottom row: Brian Waterman (Newmark Knight Frank), Josh Kuriloff (Cushman & Wakefield), William Elder (RXR Realty) and George Constantin (Heritage Realty)

On March 16th, I had the honor of joining esteemed real estate colleagues of mine on the Real Estate Board of New York Crossfire Panel entitled “How to Recognize a  Real Estate Recovery”.

Other panelists included Robert Selsam, EVP of Boston Properties, George Constantin, President and CEO of Hertiage Realty Services, William Elder, Executive Vice President of RXR Realty LLC, Paul Massey Jr of Massey Knakal, and others. The event gave REBNY members a chance to partake in an informed discussion about the real estate market during the current financial recovery. One of the questions asked by a most attentive audience was if New York City is currently experiencing an economic recovery. In my answer, I pointed out, that a key indicator for this recovery is income. While unemployment is usually the critical indicator for a recession and job growth for a recovery, New York’s recent recession did not cause as many job losses as previous recessions. Rather, New York was particularly hard hit by the loss of income by those who kept their jobs. Thus, this recession showed a low level of connectivity between layoffs and financial recession. Income, on the other hand, dropped quite dramatically, and is now finally showing signs of recovery.  As incomes come back, growth should pick up which will mean that the tenants will begin to return to the market.

As a topic close to my heart, I was also given the opportunity to discuss FiDi, the Financial District of New York, an area on which I have focused over many years; and even coined the term FiDi several years ago. When discussing neighborhoods to watch, as far as I am concerned, FiDi is the one. As I said at the event, FiDi leads the way in many demographics including being the fastest growing residential neighborhood in New York as well as boasting the population with the highest education and income per capita per zip code in the United States. Also, the FiDi area is the beneficiary of an entirely and newly developed transportation system.

Written by swigeq

April 7, 2011 at 8:23 am

Posted in real estate

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The Museum of American Finance Annual Gala

Bryce MacDonald, Kent Swig, KirkMacDonald - Museum of American Finance Gala 2011

Bryce MacDonald, Kent Swig, KirkMacDonald

This past month, I had the honor and delight of attending the Museum of American Finance Annual Gala honoring Peter G. Peterson, the chairman emeritus of Blackstone Group and the award was presented by John C. Whitehead.

Mr. Peterson was presented with the 2011 John C. Whitehead Award for Distinguished Public Service and Financial Leadership. The Museum of American Finance, an affiliate of the Smithsonian Institute, annually presents the John C. Whitehead award to a person who has demonstrated a high order of achievement and leadership in the field of finance, and also served with notable distinction in the public sector. The museum, which is a landmark building that is owned by Swig Equities, in association with MacDonald & Cie, is the nation’s only public museum dedicated to finance, entrepreneurship and the open market system. The museum regularly hosts seminars and educational programming, to teach others of the importance of finance in history and in the future. Partaking in this event was an honor to all for us at Swig Equities.

Written by swigeq

March 1, 2011 at 12:18 pm

Exciting Changes at Halstead Properties

Terra Holdings, our highly regarded real estate services company of which I serve as co-chairman, is the parent company to many real estate operating companies. Of those, Halstead Property Company is undergoing many exciting changes this year.

Halstead Property has recently announced that it will relocate the company’s headquarters to 499 Park Avenue in Manhattan, occupying 22,000 square feet on two full floors. Halstead shall be relocating from its current headquarters, located at 1356 Third Avenue, between 77th and 78th streets.

With nearly 900 sales and rental agents throughout 18 prime retail offices in New York, New Jersey and Connecticut, Halstead Property is one of the largest and most visible residential real estate brokerage firms in the tri-state area.

In addition, Halstead Property Management division is pleased to announce its expansion through the purchase of Caran Properties, which will add the approximately 4,000 residential units within 20 buildings to its management portfolio.

These changes are just a small representation of the company’s consistent growth since 1984, and we are looking forward to another great year during 2011.

See photos of the Halstead’s Holiday Party.

Written by swigeq

February 23, 2011 at 1:31 pm

80 Broad Street

With the New Year coming in, I am pleased to announce Newmark Knight Frank as the new exclusive leasing agent for our 80 Broad Street property. Built in 1930 and designed by architects Sloan & Robertson, 80 Broad Street is a 36-story 400,000 square foot, recently renovated, first class office building. We’re very excited to be working with Newmark Knight Frank pros like Hal Stein, Managing Director, Michael McKenna, Director, and Todd Stracci, Associate Director. Newmark Knight and Frank’s new recruits will join our esteemed roster of current tenants including: Faunus Group International, Vera Institute of Justice, McGivney & Kluger, P.C., Moed deArmas & Shannon, Aegis Communications Group, Inc., First Republic Bank and Vincenti & Vincenti.


Written by swigeq

December 30, 2010 at 9:53 am

Posted in real estate

New York Cares Coat Drive

This holiday season, I am so pleased that Swig Equities will once again be taking part in the 22nd Annual New York Cares Coat Drive.  This drive collects coats for New Yorkers who can’t afford a warm winter coat.  Many of these people are forced to choose between getting a new coat or putting food on the table.  By the end of December, New York Cares collects nearly 70,000 gently used, freshly laundered winter coats and distributes them to men, women, and children all over New York. Starting December 1st there will be bins in our Swig Equity building lobbies collecting coats throughout the holiday season for those who would like to participate.

Our properties that participate include:

48 Wall Street

110 William Street

5 Hanover Square

90 Broad Street

I thank all of our staff who have worked to make this happen and to all of the amazing people at for making this possible.

Written by swigeq

December 6, 2010 at 1:14 pm

Skyscraper Museum: “Whither Wall Street” Panel

On October 13th, I will be participating on a panel at the Museum of American Finance at 48 Wall Street for an event organized by The Skyscraper Museum. Other real estate colleagues and I will be discussing the FiDi (Financial District) market place in Lower Manhattan and specifically the area along Wall Street, which is rich in American history. FiDi has seen many changes over the last decade, not to mention the redevelopment of The World Trade Center, which is now fully under construction with new office buildings, new transportation hubs, and the September 11th Museum. The event will bring to the table important issues about the future of Wall Street’s development and the affect on residents, businesses and tourists. I plan to bring forth some interesting perspectives that I have accumulated in my experience in the FiDi area. With properties on Wall Street and elsewhere in the FiDi, I have watched the neighborhood transform itself into one of the most vibrant, mixed-use neighborhoods in America.

The event will take place at 48 Wall Street, a building owned by Swig Equities, LLC in association with MacDonald & Cie, which was dedicated as a public landmark by The New York Landmarks Preservation Commission in 2002. Celebrating the history and preserving the integrity of such a rich area is a topic that has always interested me. I look forward to hearing what the other panelist contribute.

Written by swigeq

October 10, 2010 at 10:35 am

140 William Street

Recently, my company, Swig Equities, LLC, sold our property at 140 William Street, a boutique commercial office building in the FiDi (Financial District) neighborhood of Lower Manhattan. While the property was sold at a loss from its original purchase price, it was a good price in today’s market place. I wish the new owners, led by Chris Soukas, much success with their new investment.

Written by swigeq

August 9, 2010 at 5:40 pm