Kaufman/Adler hits the "next generation." (Kaufman/Adler Realty)Kaufman/Adler Realty realty n. a short form of "real estate." (See: real estate)
REALTY. An abstract of real, as distinguished from personalty. Realty relates to lands and tenements, rents or other hereditaments. Vide Real Property. has been established by members of two highly-respected real estate families who have been actively involved in the business for many years. Steven Kaufman and Grant Greenspan, of the Kaufman Management Company, and Robert Savitt of The Adler Group, Inc., are part of New York New York, state, United States
New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of real estate's dynamic "next generation."
With extensive experience managing family properties that include some of the Fashion District's premier showroom buildings, such as The Adler Group's 530 and 550 Seventh Avenue and notable West Side properties including Kaufman Management Company's Nelson Tower Building at 450 Seventh Avenue, as well as the Kaufman/Astoria Studios in Queens; the new firm has targeted the Fashion Center, West Side, and Midtown mid·town
A central portion of a city, between uptown and downtown.
US & Canad the centre of a town South, and their showrooms, offices, and lofts; and tenants who are likely to be predominantly pre·dom·i·nant
1. Having greatest ascendancy, importance, influence, authority, or force. See Synonyms at dominant.
2. in fashion, creative, and service businesses.
"Kaufman/Adler Realty is determined to serve the tenants in New York's critical fashion and creative industries and the owners of properties on the West Side and Midtown South with vision and the highest levels of professional service and integrity," said Robert Savitt. "As specialists in fashion and creative businesses, we anticipate the requirements of tenants and owners, and their needs for particular facilities and services. Our relations with tenants are characterized char·ac·ter·ize
tr.v. character·ized, character·iz·ing, character·iz·es
1. To describe the qualities or peculiarities of: characterized the warden as ruthless.
2. by the personal approach and meaningful involvement in their industries, and the buildings we own and manage have consistently attracted strong tenants who are leaders in their fields. We understand and share the entrepreneurial drive and concerns of New York's mid-sized businesses."
"The success of our family properties, and the almost-100 percent occupancy rate Noun 1. occupancy rate - the percentage of all rental units (as in hotels) are occupied or rented at a given time
pct, per centum, percent, percentage - a proportion in relation to a whole (which is usually the amount per hundred) of our buildings, show that attention to quality, to people's needs, and the long-term perspective make a real difference," said Stephen Kaufman. "We are now bringing these high standards and results to owners who share our values. As owners ourselves, we know what owners expect and require. We will manage our client's buildings with the same dedication and professionalism professionalism
the upholding by individuals of the principles, laws, ethics and conventions of their profession. that we manage our own, and we will spend their money with the same care we spend our own."
The Kaufman/Adler principals are founders and officers of the Fashion Center Business Improvement District and the 34th Street Partnership, two groups working to revitalize re·vi·tal·ize
tr.v. re·vi·tal·ized, re·vi·tal·iz·ing, re·vi·tal·iz·es
To impart new life or vigor to: plans to revitalize inner-city neighborhoods; tried to revitalize a flagging economy. the fashion district. They take pride in their long-term relationships with other owners, tenants, industry and government leaders and service providers and know that these involvements help them work better as brokers and as property mangers.
The Kaufman/Adler brokerage department will be headed by Grant Greenspan.
"We can serve tenant requirements well because we are so involved in their industries and in the real estate marketplace. All tenants, regardless of size, will receive the highest levels of expertise and integrity. We will help them define their requirements, provide a survey of suitable spaces, analyze costs and all aspects of the lease, and negotiate the transaction that will best meet their needs," Greenspan said.
Both the Kaufman and Adler businesses were started early in the twentieth century by successful clothing manufacturers-turned real estate developers who pioneered in the development of the West Side and helped to create what came to be known throughout the world as "The Garment District The Garment District is a store in Cambridge, MA and is well known for its Dollar-A-Pound clothing store. The Garment District started out as an offshoot of Harbor Textiles, a textile company which produced wiping cloths for industry that began in the late 1940s. ." Their families have continued to own and manage many of the buildings they developed, and have participated in the area's growth and its current status as "The Fashion Center."
Louis Adler became well-known in 1928 after completing a 12-story, full block building on Varick Street for federal courts and offices. When the project was completed in slightly over one year, he returned $400,000 to the government, since costs came to less than the $8 million called for in the contract. His other projects included construction of 530 and 550 Seventh Avenue, which immediately became the most prestigious fashion buildings in the city.
The Kaufman Organization began in the early 1920s as developers of specialized spe·cial·ize
v. spe·cial·ized, spe·cial·iz·ing, spe·cial·iz·es
1. To pursue a special activity, occupation, or field of study.
2. buildings on the West Side for the textile and garment industries. In 1946, they acquired the distinctive Nelson Tower at 450 Seventh Avenue and made it their headquarters. The Kaufman Organization's senior partner, George S George, river, c.345 mi (560 km) long, rising in a lake on the Quebec-Labrador boundary, E Canada. It flows N through Indian Lake (125 sq mi/324 sq km) to Ungava Bay (an arm of Hudson Strait). . Kaufman, has expanded its acquisitions with additional investments in office buildings, loft buildings, and apartment houses throughout the metropolitan area, including the Kaufman Astoria Studios The Kaufman Astoria Studios is located in Queens, New York, and home to productions like Sesame Street,Johnny and the Sprites, Where in the World Is Carmen Sandiego, The Cosby Show, Swan's Crossing, Law & Order, and in Queens, which helped to revitalize the film and television industries in New York.