{"id":1004125468,"date":"2015-08-18T04:03:10","date_gmt":"2015-08-18T12:03:10","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=358142"},"modified":"2020-04-15T08:56:34","modified_gmt":"2020-04-15T16:56:34","slug":"giant-hotel-brokerage-hwe-opens-shop-in-nyc","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/giant-hotel-brokerage-hwe-opens-shop-in-nyc\/","title":{"rendered":"Hodges Ward Elliott Takes on The Big Apple"},"content":{"rendered":"<p style=\"text-align: justify;\"><em>By Veronica Grecu, Associate Editor<\/em><\/p>\n<p><a href=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2015\/08\/Wil-Silverman-Managing-Director-at-Hodges-Ward-Elliott-Inc..jpg\"><img loading=\"lazy\" decoding=\"async\" class=\" wp-image-358143   alignright\" title=\"Wil Silverman - Managing Director at Hodges Ward Elliott, Inc. (via LinkedIn)\" src=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2015\/08\/Wil-Silverman-Managing-Director-at-Hodges-Ward-Elliott-Inc..jpg\" alt=\"Wil Silverman - Managing Director at Hodges Ward Elliott, Inc. (via LinkedIn)\" width=\"164\" height=\"164\" \/><\/a><\/p>\n<p style=\"text-align: justify;\">After closing on more than $1.5 billion in hotel transactions in New York City this year, <a href=\"https:\/\/www.hwehotels.com\/\" target=\"_blank\" rel=\"nofollow\">Hodges Ward Elliott<\/a>\u00a0(HWE) is now officially part of the New York City commercial real estate scene.<\/p>\n<p style=\"text-align: justify;\">The hospitality giant recently opened its first commercial investment sales practice at 1140 Avenue of the Americas, between West 44th and West 45th streets in Manhattan. The new office is targeting retail, office, multi-family properties, and vacant land transactions, according to a prepared statement\u00a0by Mark Elliott, HWE\u2019s president &amp;\u00a0partner.<\/p>\n<p style=\"text-align: justify;\">HWE\u2019s new practice on the Avenue of the Americas is headed by Managing Director Will Silverman, who joined HWE from <a href=\"https:\/\/www.savills-studley.com\/\" target=\"_blank\" rel=\"nofollow\">Savills Studley<\/a> New York, where he closed approximately $6 billion of sales transactions comprising nearly 18 million square feet. Notable transactions brokered by Silverman include twice selling the office portion of 100-104 Fifth Avenue, the record-breaking sale of 111 Kent Avenue in Brooklyn and the sale of the retail at 465 Broadway three times in four years.<\/p>\n<p><a href=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2015\/08\/1140-Avenue-of-the-Americas.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"size-medium wp-image-358145 alignleft\" title=\"1140 Avenue of the Americas\" src=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2015\/08\/1140-Avenue-of-the-Americas.jpg\" alt=\"1140 Avenue of the Americas\" width=\"198\" height=\"300\" \/><\/a><\/p>\n<p style=\"text-align: justify;\">\u201cWe are seeing office buildings, apartment towers and retail stores add hospitality-like amenities and services with a focus on the brand and user experience. Hodges Ward Elliott\u2019s expansion is a timely move as the foreign investors they are known to attract draw less distinction between hotels and other asset classes, making the investor base more transferable,\u201d Silverman said in a prepared statement.<\/p>\n<p style=\"text-align: justify;\">HWE moved into the new office on August 10, according to the <em><a href=\"https:\/\/commercialobserver.com\/\" target=\"_blank\" rel=\"nofollow\" 2015\/08\/hotel-brokerage-opens-expanded-investment-sales-practice-in-new-office\/\">Commercial Observer<\/a><\/em>. The company signed a 10-year lease for 10,000 square feet of space\u2014or the entire 19<sup>th<\/sup> floor\u2014of the 20-story building, which lists among its existing tenants Trilogy Global Advisors and Field Street Capital. Savills Studley\u2019s Greg Taubin represented HWE in the transaction, while landlord <a href=\"https:\/\/www.equityoffice.com\/\" target=\"_blank\" rel=\"nofollow\">Equity Office<\/a> was represented in \u2013house by Zachary Freeman and <a title=\"JLL\" href=\"https:\/\/www.us.jll.com\/\" target=\"_blank\" rel=\"nofollow\" united-states\/en-us\">JLL<\/a>\u2019s Douglas Neye.<\/p>\n<p style=\"text-align: justify;\">\n","protected":false},"excerpt":{"rendered":"<p>Hodges Ward Elliott has rightfully earned its new spot on the New York City commercial real estate scene.<\/p>\n","protected":false},"author":258,"featured_media":1004507065,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1600],"tags":[],"class_list":["post-1004125468","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-new-york"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - 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