CBRE ARRANGES HUNTER COLLEGE SCHOOL OF SOCIAL WORK RELOCATION
NEW YORK CITY — CB Richard Ellis (CBRE) has arranged the relocation of the Hunter College School of Social Work, located in New York City. The graduate school plans to sell its current building and land, located at 129 E. 79th St., to locally based The Brodsky Organization for $65 million. Brodksy will then construct a new facility for the school at Third Avenue, between 118th and 119th streets in East Harlem, at cost, receiving a lump-sum fee for administrative expenses. The new facility will rise eight stories and total 142,000 square feet, making it 32,000 square feet larger that the school’s current building. The building will be located on land currently owned by The Lois and Samuel J. Silberman Fund, in conjunction with the New York Community Trust. The state of New York has already appropriated $95 million to help complete the construction of the new building. CBRE’s Mary Ann Tighe, Stephen Siegel, Darcy Stacom and Joan Meixner represented Hunter College in the transaction. New York Community Trust was represented by Ira Schuman of Studley. Construction for the new facility will begin next summer, with completion expected in June 2011.