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REBNY Cites Top Deals of Challenging Year

NEW YORK CITY-Studley's Horowitz and Schuman receive the first-place Henry Hart Rice Award for a complex deal on behalf of Hunter College.

By Paul Bubny | Updated on April 28, 2010

NEW YORK CITY-Amid the uncertainty of 2009, “it became a major feat to close just about any deal,” Peter Hauspurg said Tuesday evening as he introduced this year’s winners of the Real Estate Board of New York’s annual Commercial Brokers Most Ingenious Deal of the Year Awards. Nonetheless, Hauspurg and his fellow REBNY judges managed to choose the three that best exemplified ingenuity and creativity, led by Studley’s interdependent transactions on behalf of Hunter College.

From a field of 15 nominations, Studley’s Daniel O. Horowitz and Ira Schuman secured REBNY’s first-place Henry Hart Rice Award, announced Tuesday evening. The second-place Robert T. Lawrence Award was presented to Eric Deutsch and Ken Meyerson of CB Richard Ellis for arranging the 265,083-square-foot relocation of Gap Inc. to 40 Worth St. Cushman & Wakefield’s Michael Rotchford received the third-place Edward S. Gordon Award for the sale-leaseback of a 750,000-square-foot condominium interest at the New York Times Co. headquarters building, 620 Eighth Ave.

In the course of their work on behalf of Hunter, Horowitz and Schuman arranged the sale of the Hunter College School of Social Work’s outmoded 127-133 E. 79th St. and the purchase and construction of a new facility on East 118th Street. Each transaction depended on the other: Hunter could not move the school from the East 79th location if it didn’t have a new home, but it couldn’t commit to buying and building a new facility if it didn’t sell the old one.

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