未分类

Carl Weisbrod

City dodges rumors of Weisbrod s departure 72-year-old planning czar plans to leave position “someday,” office says

The City Planning Commission is refusing to clarify whether or not 72-year-old chair Carl Weisbrod is considering stepping down from his post.

Rumors that Weisbrod, who also serves as director of the city’s Department of City Planning, will soon leave his role in Mayor Bill de Blasio’s administration have circulated for months.

But when ask新上海贵族宝贝论坛 上海贵族宝贝交流区ed about the rumors last week, a Department of City Planning spokesperson told Crain s that Weisbrod plans to leave his position “someday.”

“Carl is immensely proud of what he and his team are achieving at City Planning, and there is still much important work to be done,” the spokesperson told Crain’s.

Weisbrod has reportedly grown frustrated after facing criticism from local stakeholders and community members regarding the de Blasio administratio上海龙凤论坛 新上海贵族宝贝论坛n’s affordable housing agenda.

Having helped上海龙凤论坛 新上海贵族宝贝论坛 approve the mayor’s Mandatory Inclusionary Program and the rezoning of East New York, 上海贵族宝贝交流区 上海贵族宝贝论坛Weisbrod may see his legacy at City Planning as secure and consider it an opportune time to move on before de Blasio’s re-election campaign next year, according to sources.

But other sources have disputed the notion that Weisbrod would leave, Crain’s reports, with plenty still on his to-do list – including the rezoning of Midtown East and a number of other city neighborhoods. [Crain’s] – Rey Mashayehi

Tags: bill de blasio, carl weisbrod, city planning
We are having some technical difficulties. Try again later.

By clic上海千花网论坛 上海千花网king Subscribe you agree to our Privacy Policy.

[……]

Read more

未分类

220 East 63rd Street New York

BLDG Management refis the Blake on the UES with $65M loan Principal Real Estate Investors lent on 181-unit rental building

220 East 63rd St and Lloyd Goldman (Credit: Getty Images)

B上海龙凤论坛sh1f 上海龙凤论坛LDG Management refinanced the Blake – the company’s 181-unit rental building on the Upper East Side – with a $65 million loan from Principal Real Estate Investors.

The landlord secured the 10-year loan to replace $90 million in debt provided by Column Financial in 2007, the C上海龙凤论坛sh1f 上海龙凤论坛ommercial Observer reported. The loan comes with a fixed rate of 4.24 percent with seven years of interest-only payments.

Lloyd Goldman’s BLDG Management bought the 14-story building at 220 East 63rd Street between Second and Third avenues in 2006 for $100 million, property records show.

Meridian Capital上海同城对对碰交友社区 上海夜网论坛 Group’s Carol Shelby, who arranged the financing, said “we approached life companies to achieve favorable balance of pricing, term and interest-only payments.”

Earlier this year, BLDG secured $70 million from State Farm Realty Mortgage to refinance its rental building at 2380 Broadway and West 87th Street. [CO] – Rich Bockmann

(To view more financing transactions involving BLDG Management, click here)

Tags: bldg m上海贵族宝贝交流区 上海贵族宝贝论坛anagement, lloyd goldman, Real Estate Finance
We are having some technical difficulties. Try again later.

By clicking Subscribe you agree上海夜网论坛 上海夜网 to our Privacy Policy.

[……]

Read more

未分类

Suburban Real Estate NYC

WATCH: Blackstone’s Gray says the burbs will soon have their moment Investor ar新上海贵族宝贝论坛 上海贵族宝贝交流区gues urban revival will continue

In real estate, the past decade has been all about the urban revival, which le爱上海同城手机版 新爱上海同城对对碰论坛d to rising rents in many cities and vacancies in suburbia.

The 上海千花网交友 上海千花网论坛Blackstone Group’s Jonathan Gray argued that millennials will continue to flock to the cities. But he also said that some suburban towns may attract more young residents by becoming more city-like.

“There are places in suburban America where you’re around a transportation node, where you’ll see more density,” he said. “I thin阿拉爱上海同城 爱上海龙凤419桑拿k you’ll see zoning for taller buildings in those areas” creating neighborhoods where people can shop and bike around, he added.

“As always, there’s a ying and a yang here. Right now urban America is doing quite well. I think you’ll see more densification of the suburbs over time.”

Gray isn’t the only real estate investor to see potential in suburbia. RXR Realty, for examp上海龙凤论坛 新上海贵族宝贝论坛le, has been investing heavily in developments near public transit outside of New York City. [Yahoo Finance] Konrad Putzier

Tags: blackstone group, Commercial Real Estate, jonathan gray
We are having some technical difficulties. Try again later.

By clicking Subscribe you agree to our Privacy Policy.

[……]

Read more

未分类

62 Avenue B

Take 3: Ben Shaoul launches sales at rebranded LES condo Now dubbed Liberty Toye, units start at $675K

Renderings of Liberty Toye and Ben Shaoul

Developer Ben Shaoul has a new name for the East Village nursing home turned raucous rental building that’s now on its third life as a punk-inspired condominium.

Shaoul’s Magnum Real Estate Group is calling the project Liberty Toye, and the firm put 14 units on the market today with brokerage Town Residential. Availabilities include a mix of studios, and one- and two-bedroom units with a blended average price of $1,600 per square foot.

The building, located at 62 Avenue B, has garnered its share of headlines over the past few years. Magnum bought the property for $25.5 million from Cabrini Center for新爱上海同城对对碰论坛 上海同城对对碰交友社区 Nursing and Rehabilitation in 2011 and converted it to rentals in 2013.

But residents of the building — then called Bloom 62 — partied a little too hard on the rooftop, leaving beer bottles, graffiti and broken fu上海贵族宝贝 上海千花网龙凤论坛rniture after a particularly rowdy night. Magnum shut the rooftop indefinitely to stop the “excessive” partying it said had “left the amenity space looted.”

Rendering of the garden at Liberty Toye

In early 2015, Shaoul looked to sell the property for $80 million, but ulti阿爱上海同城 阿拉爱上海同城mately decided to convert it to condos.

The latest iteration of the building includes 81 condos with stained hardwood floors, white marble counters and brushed brass fixtures. Amenities上海龙凤论坛 新上海贵族宝贝论坛 include a fitness center and yoga room, courtyard and, yes, a landscaped roof deck with grills, dining areas, a lounge and outdoor shower. Construction is underway on the building, which still has some rental tenants in place.

The total sellout is $92.5 million, the offering plan indicates. Studios start at $675,000; one-bedrooms at $795,000 and two-bedrooms at $1.325 上海贵族宝贝 上海千花网龙凤论坛million, according to Town. Liberty Toye will accept Bitcoin.

Tags: ben shaoul, Development, magnum real estate group, Residential Real Estate, town residential
We are having some technical difficulties. Try again later.

By clicking Subscribe you agree to our Privacy Policy.

[……]

Read more

未分类

Westchester Real Estate

Westchester Fairfield Cheat Sheet: Why Gold Coast megamansions are selling for the right price, AMS buys another Yonkers office building more

Clockwise from top left: The race is on for equestrian es上海龙凤论坛 新上海贵族宝贝论坛tates in Westchester, luxury sales along Fairfield s Gold Coast start to move, Avalon sold its community in Shelton, and AMS bought the office building at 86 Main St. in Yonkers.

Megamansions on Connecticut s Gold Coast selling for the right price
The luxury market may be soft, but sales are happening along Fairfield County s Gold Coast. With four sales of over $20 million since September, brokers are seeing signs of a rebound in a market segment that saw only three sales above $10 million last year. “Activity isn’t improving because demand is increasing — the demand was always 上海千花网论坛 上海千花网there. It’s just that the pricing didn’t reflect today’s market,” said Jonathan Miller, CEO of the appraisal firm Miller Samuel. [TRD]

AMS buys another Yonkers office building for $9.5M
The six-story office building at 86 Main Street in Yonkers, which was built for Homes for America in 2005, has a new owner. New York City REIT AMS Acquisitions paid Madison Realty Capital $9.5 million for the property, which is across the street from the Yonkers Metro North station. AMS, which bought the building at 92 Main Street for $17.5 million in January 2017, plans significant renovations to the building, including adding floor-to-ceiling windows on the top three floors. Schuckman Realty represented both parties in the sale, and Cushman Wakefield has been chosen as the leasing agent. [Press Release]上海龙凤论坛 新上海贵族宝贝论坛

RXR has a master plan to bring retail to downtown New Rochelle
When RXR announced that RM Friedland will be the exclusive retail leasing agent for its 587 Main tower in New Rochelle, the city and RXR, as downtown s master developer, took another small step at revitalizing the area. The 28-story mixed-use tower, which is expected to open in 2019, is the first project in an ambitious plan to bring up to 20,000 new residents and retail to a less than trendy neighbo上海千花网论坛 上海千花网rhood. “Right now, we have about five construction sites, which is huge for us, Luiz Aragon, commissioner for development for the city of New Rochelle, told TRD. [TRD]

AvalonBay sells townhouse community in Shelton for $33M
Illinois-based Inland Real Estate Acquisitions bought the Avalon Huntington complex in Shelton from AvalonBay Communities for $33 million, the New Haven Register reported. The 99-unit complex has 86 townhouse-style homes and opened in 2008. Victor Nolletti and Eric Pentore of Institutional Property Advisors represented the Virginia-based AvalonBay and found the buyer. [New Haven Register]

Horse owners in Westchester try to trot past the competition
There s a horse race in Westchester County, but the competition is between equine owners not their animals. In what one Westchester broker called an equestrian arms race, well-shod owners are trying to out-do each other by buying extravagant horse新上海贵族宝贝[……]

Read more

未分类

Manhattan Luxury Market

Luxury market notched 27 contracts last week: Olshan 432 Park topped the list with PH asking $40.5M

Harry Macklowe with 432 Park Avenue and 9 East 82nd Street

The Manhattan luxury market recorded 27 contracts at $4 million and above last week, according to Olshan Realty’s weekly market report.

The No. 1 spot went to PH94B at Harry Macklowe and CIM Group’s 432 Park Avenue, which had an asking price of $40.5 million. The corner unit has views to the south, east and west and spans 3,977 square feet.

The Rafael Vinoly-designed building is now more than 85 percent sold. Late last year a Chinese buyer paid $91.1 million for a trio of apartments in the su上海夜网 阿爱上海同城pertall tower.

An Upper East Side townhouse at 9 East 82nd Str上海贵族宝贝 上海千花网龙凤论坛eet took the No. 2 spot with an asking price of $17.5 爱上海同城对对碰 爱上海同城论坛million. The 25-foot-wide home, which hit the market爱上海同城手机版 新爱上海同城对对碰论坛 in January, has been divided into 8 apartments and needs a full renovation.

Luxury-contract asking prices totaled $237.91 million for the week, with a median asking price of $6.95 million. Luxury homes spent an average of 366 days on the market, and had an average discount of 3 percent from the original to the final asking price. [Olshan Realty] – Rich Bockmann

Tags: 432 park avenue, NYC Luxury Market, ol阿爱上海同城 阿拉爱上海同城shan realty, Residential Real Estate
We are having some technical difficulties. Try again later.

By clicking Subscribe you agree to our Privacy Policy.

[……]

Read more

未分类

Social amenities drive down value of apartment buildings, study finds

Apartment buildi爱上海同城论坛 爱上海同城ngs with amenities like pools,上海千花网论坛 上海千花网 fitness centers and game rooms aren’t any more valuable than their less-fun counterparts — in fact, the perks make the buildings less valuable, according to findings from Newmark Knight Frank, first reported by Bisnow. Operating these ameniti上海夜网 阿爱上海同城es hurt a building’s bottomline and tenant上海千花网论坛 上海千花网s are often reluct上海千花网龙凤论坛 上海千花社区ant to pay extra for them, the report stated, adding that apartments with fewer social amenities sold for an average of 7.6 percent more than those with more social amenities. [Bisnow]

Tags: National
We are having some technical difficulties. Try again later.

By clicking Subscribe you agree to our Privacy Policy.

[……]

Read more

未分类

CoreLogic Home Pricing Index

Home prices nationwide are too damn high Across US, 40% of homes are overvalued, including Miami, LA and NY

(Credit: iStock)

Housing prices across the U.S. are still much higher than they were at this time last year — with Miami and Los Angeles posting big gains — although they are starting to dip, according to a new monthly report. Like L.A., other cities across the West are seeing a rise in housing prices, spurred the阿拉爱上海同城 爱上海龙凤419桑拿 limited supply and recent population influx.

In the Miami metro area, which includes Kendall and Miami Beach, home prices rose 4.6 percent in July compared to the same period in 2017, according to monthly figures from CoreLogic. In June, they rose 5.35 increase, year over year.

In the Los Angeles metro area, home prices ticked up 7.6 percent in July year over year, down from the 7.67 percent gain they posted in June year over year.

Meanwhile, New York and Chicago rose at a slower rate, suggesting that housing prices there may be experiencing a faster decline. The New York metro area — which includes Jersey City and White Plains — saw its housing prices rise 1.16 percent year over year in July.

Chicago saw home prices rise 3.72 percent year over year.

According to CoreLogic’s analysis of analyzed housing values in the country s 100 largest metropolitan areas, 40 percent of those areas have an overvalued housing market as of July 2018. They include New York, Miami and Los Angeles, but not Chicago.

Across major Western U.S. cities, home prices rose far above the national average of上海千花社区 上海千花网交友 6.4 percent in July. Las Vegas led the way, posting a 13.5 percent spike in July year over year, according to CoreLogic. CoreLogic’s CEO Frank Nothaft said many of those areas are overvalued and will “lik阿爱上海同城 阿拉爱上海同城ely experience a slowdown soon.” . In Denver and Seattle, the migration has constrained housing supply and pushed up prices. New York and Chicago and other places in the Northeast and Midwest have not experienced that migration at the same rate.

Numerous reports have indicated that while home prices are still very high, they are slowing down in large metro areas across the country as interest rates have increased. Recent data also show that home foreclosures are rising sharply in Miami and throughout the country — experts say it is a product of loose lending — people are having more trouble making their mortgage payments.

Tags: corelogic, for爱上海 爱上海同城手机版eclosures, home prices, homebuilders, Real Estate Finance, Residential Real Estate Miami investor buys 爱上海同城论坛 爱上海同城industrial site next to Florida TurnpikeMiami’s condo king now wants to build apartments in this Opportunity Z…Bank OZK continued aggressive condo lending in Q1Trump Org sells off Beverly Hills home
We are having some technical difficulties. Try again later.

By clicking Subscribe you agree to our Privacy Policy.

[……]

Read more

未分类

501 W 24th St

Here’s what the $20M-$30M NYC investment s上海千花网交友 上海千花网论坛ales market looked like last week A Queens parking lot traded for $21M and a former Blackstone exec closed on a private art gallery space

A rendering of 90-02 168th Street in Queens and the Getty at 501 West 24th Street (Credit: BRP Companies Wharton Properties via YIMBY and Curbed NY)

UPDATED, Jan. 17, 12:00 p.m.: New York City investment sales within the $20 million to $30 million range included the Greater Jamaica Development Corporation selling its 168th Street parking lot and Rybak Development acquiring four Yorkville walk-ups, according to Dep阿爱上海同城 阿拉爱上海同城artment of Finance filings made public last week.

1.) BRP Companies picked up a lot that w上海龙凤论坛sh1f 上海龙凤论坛ill be the site of its new Queens development for $20.5 million. The Greater Jamaica Development Corporation was the seller of the parking lot at 90-02 168th Street. In 2017 it was reported that BRP is looking to develop a 500,000-square-foot mixed-use project there with Jeff Sutton’s Wharton Properties, but Wharton Properties is no longer part of the project.

2.) Former Blackstone exec Tom Hill closed on a commercial condo at the Getty, at 501 West 24th Street, for $29 million. The unit covers the third and fourth floors and will serve as the home of his art collection, which includes works by Andy Warhol and Francis Bacon and is valued at over $800 million.

3.) Rybak Development bought four Upper East Side townhouses at 331, 333, 335 and 337 East 82nd Street in Yorkville for $23 million. The project, to be called “Manor82,” will be a 21-unit condominium and have a limestone facade, according to a press release. The se上海贵族宝贝论坛 上海贵族宝贝ller was Sean Lavin’s Townhouse Property Group, which in August filed plans to turn the site into an eight-story apartment building.

Clarification: Wharton Properties is no longer part of BRP Companies mixed-use development at 90-02 168th Street in Queens.

Tags: brp companies, Commercial Real Estate, Investment Sales
We are having some爱上海同城 爱上海 technical difficulties. Try again later.

By clicking Subscribe you agree to our Privacy Policy.

[……]

Read more

未分类

Hermès

Hermès planning new Madison Ave flagship The luxury brand has reportedly signed a lease at 706 Madison Ave

Hermès current location at 691 Madison Avenue and 706 Madison Avenue (Credit: Tahl Propp Equities and Google Maps)

Luxury retailer H新爱上海同城对对碰论坛 上海同城对对碰交友社区ermès of Paris is planning a new flagship location at Friedland Properties 706 Madison Avenue.

The company has signed a lease and will open the new location in 2022, Women’s Wear Daily reported. The爱上海同城对对碰 爱上海同城论坛 five-story space spans roughly 40,000 square feet and includes 爱上海 爱上海同城手机版two outdoor terraces.

The site is connected to a restored bank building from the 1920s, approved by the Landmarks Preservation Commission.

The news comes as Madison Avenue retail has struggled — with vacancies rising following the financial crisis. The corridor saw its seventh straight year-over-year drop in asking rent to $1,160 a square foot, a 7 percent decline, according to the Real Estate Board of New York’s fall retail survey.

“We’re thrilled about Hermès’ long-term commitment and what it means to the avenue,” said Rick Friedland, a pr上海贵族宝贝论坛 上海贵族宝贝incipal at Friedland Properties. ”Balenciaga and Celine just made commitments to Madison Avenue. We’re hopeful that this signifies some resurgence on the avenue.”

The brand has rep上海贵族宝贝交流区 上海贵族宝贝论坛ortedly has been looking for a space that would allow it to remain on Madison Avenue and brings its men’s and women’s products under one roof. The company, which is said to have outgrown its current locations, will remain at its current 691 Madison Ave location until the new flagship opens.

The new location is being designed by RDAI — the Paris-based architecture firm founded by Réna Dumas, the late wife of Jean-Louis Dumas, who was CEO of Hermès until 2006 and died in 2010.

Last year, fashion designer Celine signed a deal for 5,000 square feet at Vornado Realty Trust and Crown Acquisitions’ 650 Madison Avenue, paying an estimated $7.8 million in an annual rent. The deal also includes 800 square feet of additional storage space. And Balenciaga signed a lease at Boston Properties’ 620 Madison Avenue, paying an estimated $5 million in annual rent. [WWD] — Meenal Vamburkar

Tags: Development, friedland properties, hermes, Retail Real Estate
We are having some technical difficulties. Try again later.

By clicking Subscribe you agree to our Privacy Policy.

[……]

Read more