The Asian Real Estate Association of America (AREAA) New York East chapter’s 2015 3rd Annual Dinner Gala was held on Oct. 15 at Leonard’s Palazzo of Great Neck.
REAA recognized honorees Charles Chan, CEO of Harvest International, for Outstanding Leadership in Real Estate & Global Relations; Grace Shim, Esq., executive director of MinKwon Center received the Community
Action for Outstanding Community Service Award; and Yong Lee, president of X-Treme Care, LLC, for Outstanding Contribution to Real Estate. Citations were awarded from Nassau County Executive Ed Mangano as well as the New York State Assembly office of Edward Braunstein.
Ming Pao Daily News held their first annual New York Chinese Entrepreneur Award Ceremony and gala for the launching of their new publication series, The Chinese American Entrepreneur in New York. Nearly 800 guests attended this event which was located at the Grand Restaurant in Flushing on October 18th, 2013. One of our own, Charles Chan was selected as one of the honorees.
“The Chinese American Entrepreneur in New York promises to be a revolutionary publication featuring stories about successful entrepreneurs and their rise to the top…hopefully those profiled in its articles can serve as role models, and inspire others to succeed as well. I can’t wait to see the first edition.”
—Grace Meng, Member of Congress
“The Chinese American Entrepreneur in New York…will highlight the journey of immigrants, their struggles and success, and their contribution to life in New York.”—Toby A. Stavisky, State Senator, 16th Senate District
Ming Pao Daily News New York is a Chinese newspaper based in Long Island City and now Flushing, that provides news coverage on the economy, entertainment, health, sports and more. Ming Pao has an average reach of 120,000 plus readers and distributes to Flushing and Elmhurst, Queens; Chinatown, Manhattan; and to Brooklyn.
While Daphne was pursuing her Masters degree in economics in 1986, she discovered her interest in real estate. In 1992, she found her niche in industrial brokerage and has kept this passion ever since. She started her focus in Flushing, Queens, where she is known as the area specialist. Soon thereafter she expanded her business into western Queens and Brooklyn. In fact, she was the first Asian female industrial broker who explored the Brooklyn market in the early 1990s.
Daphne is fluent in English and Chinese (Cantonese and Mandarin) which provides her with a competitive advantage to be able to assist a broad spectrum of Chinese immigrants and overseas international businessmen alike whom require commercial real estate services and throughout the years, she has helped hundreds and thousands of customers in fulfilling their needs. She also has developed and is constantly developing strong relationships and ties with many property owners and developers, allowing her to procure deals before they even hit the market. Her motivation, dedication, persistence and professionalism in business have earned great trust and respect from her customers and clients, domestic and abroad.
With over 20 years of experience, Daphne has expanded her horizon into investment acquisition, property development & conversion as well as property management. As a partner of Harvest International, she has played a crucial role in growing the company by maintaining strong relationships, and closing complex transactions such as ground leases, leases with purchase options and private funding.
Daphne graduated from Queens College with a Masters degree in economics. She is a member of the Commercial-Industrial Brokers Society of Long Island and the Central Lions Club of Flushing. She is also a sponsor and committee member of the Greater NY Chinese Community Dollars for Scholars.
Significant transactions include:
1992 – Leased approximately 150,000 square feet of industrial space to multiple tenants at 40-22 College Point Boulevard in Flushing, Queens, NY. This old industrial site was formerly occupied by Con Edison and was later developed by the Muss Development Company into a 3.3 million square foot mixed-use development today known as Sky View Parc.
1993 – Represented the purchaser in the sale of a pre-foreclosure industrial building located at 1042 Atlantic Avenue in Crown Heights, Brooklyn, NY.
1999 – Leased a 55,318 square foot 1-story warehouse plus 12,000 square feet of parking located at 1717 Flushing Avenue in East Williamsburg, Brooklyn, NY. Daphne was the sole broker in this transaction.
2000 – Leased 100,000 square feet warehouse space at Bush Terminal located in Sunset Park, Brooklyn, NY. Daphne represented both the landlord and tenant in this transaction.
2003 – Structured and closed a lease-with-option-to-buy transaction located at 2-39 54 Avenue in the Hunters Point South neighborhood in Long Island City, NY. 60,000 SF industrial building with 10,000 SF land. 2005 – Negotiated and closed a build-to-suit purchase transaction for a 25,000 square foot industrial building located within the Heartland Executive Park in Edgewood, NY.
2008 – Structured and closed another lease-with-option-to-buy deal located at 1250 Metropolitan Avenue in East Williamsburg, Brooklyn, NY. 72,000 square foot industrial building plus an additional 33,000 square foot parking lot
2008 – Represented both the buyer and seller, sold an 80,000 square foot 1-story industrial building with 15,000 square feet of land located at 110-1 – 1107 Metropolitan Avenue in East Williamsburg, Brooklyn, NY.
On March 29, 2013, Charles and Daphne Chan attended the gala of the Queens Museum of Art (an art museum and educational center), located in Flushing Meadows Corona Park. Seth Kupferberg, the QMA’s board of trustee kindly invited the commercial real estate couple to this exciting event.
“The Panorama of the City of New York,” a 9,335 square foot architectural model originally built for the 1924 World’s Fair, containing every constructed building in all boroughs before 1992 was displayed, and nearby it, was the reception–also near the new expansion of QMA. Major contributors to help fund this large expansion project included government sources, Queens Borough President Helen Marshall, Mayor Michael Bloomberg’s office, the state, and the City Council. In addition, the museum itself raised $2 million; Charles and Daphne were delighted that they were able to partake and support the arts and the Queens community.
Yesterday evening, Charles & Daphne Chan attended a movie screening hosted by Tiffany & Co., who designed jewelry for the 2013 Baz Luhrmann film adaptation of F. Scott Fitzgerald’s Great American novel: The Great Gatsby. The evening entailed a cocktail reception at Hendricks Tavern before the greatly anticipated film. Upon entering the already-filled room of black formal-wear and stylish dresses, waiters and waitresses warmly greeted the commercial real estate power couple with champagne and mint juleps-a nice nod to Gatsby.
A nice assortment of hot hors d’oeuvres were graciously circulating the white room while models dressed in luxurious gowns and adorned with jazz-age inspired jewelry, as seen in the film, mingled with guests. Outside of the reception, pictures were being taken while guests posed in front of the 1929 Duesenberg vehicle, the same model car used in the film. Even after the film came to an inevitable end, all the attendees kept the spirit of the Great Gatsby alive.
Daphne & Charles Chan from Harvest International (a commercial real estate company), co-hosted a special event yesterday night at the Carolina Herrera boutique located in the Americana Manhasset, a luxurious shopping destination. The successful and charitable turn-out included a night filled with vibrant colors from Herrera’s Spring/Summer 2013 collection, cocktails & tea, and hot hors d’oeuvres. It was a night that aimed to benefit the victims of the Szechuan, China earthquake.
Part of the sales proceeds will be directed towards the earthquake relief through the Tzu Chi Foundation, a global charity organization. Attendees include JP Morgan Chase Bank, World Journal News, Central Flushing Lions Club International, and various prominent real estate developers. Those who were unable to attend the event generously donated as well, to name a few: London Jewelers of Long Island and DeLuca Financial Planning. “It’s a great event for a great cause,” said Claire Hsu, an excited attendee.
With a bite of chocolate covered strawberries, a sip of champagne, and the shuffling of the signature red Herrera gift bags, guests left the event. The event might have ended but the warm-hearted charitable spirits from all parties will continue to uplift the global communities.
Q: How did this event come about? A: “It first started as a request from Ms. Vicky Karyannis and Ms. Lillian Millan, the manager and assistant manager of the Carolina Herrera boutique in the fabled Americana Mall in Manhasset because my wife, Daphne, and I have frequently shopped at this store. They wanted to drum up more awareness of the brand to the public particularly to the Asian communities and so we thought it would be a great idea to host an event that direct part of the sales proceeds to benefit a charitable cause of my choosing. I chose the Tzu Chi Foundation due to the recent earthquake that happened in Szechuan, China. Historically, this organization sets no boundaries (ethnically and geographically), and they often send in their own medical aid with doctors with volunteers to do good deeds and try help to relief suffering of the devastated victims and families. Tzu Chi Foundation’s mission consists of four major components: Charity, Medicine, Education, and Humanity and those are missions that my wife and I could not have agreed more on. Visiting their website will tell you so much more in detail about what they’re passionate about and about what they do.” I also favor other charitable organizations as well but in this earthquake incident I feel that they will best serve our intent and purpose.
Q: Is there a certain amount that you hope to achieve in donations? A: “As much as I would like to come up with a certain amount I want to raise, I don’t really have an exact figure in mind because charity comes from the heart, and any donations of any kind is significantly important to the people in need.”
Q: How would you describe Carolina Herrera’s past and current designs along with products?
A: Carolina Herrera is a multi-talented lady, she has continuously evolved, grown, and developed into a very much admired world-class power fashion house; she is highly in-tune with leading the fashion trends with a very unique sense of style. She provides ready-wear for women and men, leather goods and accessories, as well as a home line. Her clothes exude elegance and sophistication with simple silhouettes, with fun and playful colors but with a distinctive style. She is extremely gifted with her use of colors and patterns, and she really should deserve more recognition in my opinion!
Q: What are your thoughts on their Spring/Summer 2013 Collection?
A: “Bold, classic with understated elegance yet refreshing and vibrant.”
For Pictures of the event please visit our Facebook Page.
Storage Deluxe, which bills itself as “New York City’s walk-in closet,” is expanding to Flushing. The company purchased a 96,000-square-foot building for S14.3 million in an off-market deal, Crain’s reported.
The Manhattan-based storage company plans to develop, manage and lease the facility in-house and as it transforms the site, located at 41-06 Delong Street, into a seven-story mixed-use complex that will include 160,000 square feet of storage, 26,000 square feet of retail and a 7,350 square foot commercial rental building, Harvest International broker Theo Kontis told Crain’s.
Long Island-based Harvest International represented both the buyer and the seller: the Delong Realty Company, in the transaction. Explaining why Delong decided to sell, Kontis told Crain’s,”They were ready to move on.The building needed some significant work and it just made sense for them to sell to a developer.”
Storage Deluxe plans to demolish the existing building and start construction in November. [Crain’s] – Christopher Cameron