Jack Hidary, a member of the board of trustees at Maimonides Medical Center, was among the winners of the Distinguished Trustee Awards presented by the United Hospital Fund at the Waldorf Astoria Hotel on May 11. The award honors individuals for their leadership and service in the field of health care.
Grand Army, which opened on Tuesday evening in Boerum Hill in Brooklyn, represents the coming-of-age of the neighborhood’s restaurants — a cocktail bar with only small plates, and nothing repurposed in sight.
Jessica Schmidt has joined the firm as managing director of finance. In her new role, Schmidt supports and directs Hidrock’s financial objectives by providing analyses and strategic recommendations to ownership.
Hidrock has sold its controlling interest in a 16-story Courtyard by Marriott hotel in Herald Square in a deal that values the property at $132 million.
Hidrock announced today that it has signed three new restaurant leases in its retail spaces at 336 State Street and 75-77 Hoyt Street in Boerum Hill, Brooklyn. The firm purchased the two adjacent buildings last year and repositioned the six underutilized retail spaces into three, more efficient storefronts. The tenants – The Grand Army, Oaxaca Taqueria and Little Sweet Cafe, bring the buildings to 100% leased.
Offshore investors are breaking into the hotel market at a rapid rate, and despite what it may seem like from recent headlines, not all are arriving from China. The buyers – many of them hailing from Qatar, Kuwait, Malaysia and Singapore – were involved in 50 percent of all New York City hotel investment sales in 2014.
Commercial real estate owner Hidrock Realty hosted a “Year End Celebration” on Monday, December 8 to celebrate 2014’s accomplishments which included over $500 million in real estate transactions. The event – which had the members of the Hidary clan in attendance – was held at Monarch Rooftop Lounge located above one of Hidrock’s hotel developments at 71 West 35th Street and drew more than 200 of the city’s top real estate professionals.
