Peter Vanderpool of Cignature Realty knows his product

BY ROLAND Ll When Peter Vanderpool and Lazer Sternhell founded the investment sales firm Cignature Realty in early 2009, friends were concerned the duo would be stuck in a down market. But as Vanderpool remembers it, the move was calculated, and he and Sternhell were very aware of their capabilities. "A good broker will always be able to make things happen,'' said Vanderpool, who is president of the two-man firm. Since opening Cignature, they have closed around three deals a month., despite the many challenges of the recession. Cignature focuses on selling multifamily buildings throughout the five boroughs and Class B and C office buildings. mostly in midtown Manhattan. In the Bronx, low v

Keeping it real has Vanderpool making strides

Cignature Realty co-founder plotting roadmap to success When Peter Vanderpool and Lazer Sternhell founded the investment sales firm Cignature Realty in early 2009, friends were concerned the duo would be stuck in a down market. But as Vanderpool remembers it, the move was calculated, and he and Sternhell were very aware of their capabilities. “A good broker will always be able to make things happen,” said Vanderpool, who is president of the two-man firm. Since opening Cignature, they have closed around three deals a month, despite the many challenges of the recession. Cignature focuses on selling multifamily buildings throughout the five boroughs and Class B and C office buildings, mostly in

New cycle of responsible and balanced recovery ahead

BY PETER VANDERPOOL, PRESIDENT, CIGNATURE REALTY ASSOCIATES The commercial real estate market in New York is on the road to recovery but it will be a bumpy ride well into the first quarter of 2010. Although the market is on the cusp of a rebound, it remains unsteady as buyers and sellers adjust to new fundamentals including price corrections, stricter lending standards and a cascade of mortgages coming due – mortgages made when valuations were peaking. The economy, particularly in New York, flourished for the better part of the first decade of the 21st Century driving property prices to heady heights and attracting a seemingly never ending stream of buyers. Banks responded by opening their v

Keeping it real has this middle market broker making strides

By Roland Li When Peter Vanderpool and Lazer Sternhell founded the investment sales firm Cignature Realty in early 2009, friends were concerned the duo would be stuck in a down market. But as Vanderpool remembers it, the move was calculated, and he and Sternhell were very aware of their capabilities. “A good broker will always be able to make things happen,” said Vanderpool, who is president of the two-man firm. Since opening Cignature, they have closed around three deals a month, despite the many challenges of the recession. Cignature focuses on selling multifamily buildings throughout the five boroughs and Class B and C office buildings, mostly in midtown Manhattan. In the Bronx, low vacan

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