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Dueling Soho developers beef over unobstructed views Agime Group accuses Madigan Development of using DOB to block project

570 Broome Street and 111 Varick Street

Building a condo tower with 360-degree views is any developer’s dream. But what if the owner of the lot next door has the exact same idea?

That, in a nutshell, is what a new legal duel between Agime Group and Madigan Development is all about. Agime wants to build a 25-story, 287-foot-tall tower at 568-570 Broome Street in Hudson Square. Madigan wants to build a 290-foot tall apa爱上海同城论坛 爱上海同城rtm上海龙凤论坛 新上海贵族宝贝论坛ent building next door at 111 Varick Street. Now Agime filed a lawsuit against the neighboring developer accusing it上海夜网 阿爱上海同城 of trying to sabotage the rival project to preserve its own building’s views.

Agime, headed by Murat Agirnasli, is able to build 287 feet tall because the Department of Buildings designated the area in front of 570 Broome a so-called Wide Street, which increases the building’s maximum allowable height. According to a complaint filed in New York State Supreme Court on Tuesday, Madigan wrote to the DOB challenging the Wide Street designation and plans to appeal a ruling that upheld the designation. If Madigan gets its way, Agime will only be able to build 185 feet tall.

Agime alleges that Madigan wrote to the DOB in violation of a zoning lot development agreement prohibiting such interference because it wanted “爱上海同城对对碰 爱上海同城论坛to provide unobstructed views to the units on the upper floors of its building.”

Agime paid $31 million for the lot in 2014 and dished out another $10.2 million for air rights, according to a previous report and the complaint. Construction is already under way.

Agime’s attorney and Madigan did not respond to emails seeking comment.

The t上海龙凤论坛 新上海贵族宝贝论坛wo firms aren’t the first developers to bicker over views. Extell Development threatened to block Vornado Realty Trust’s condo project 220 Central Park South because it would have blocked views from Extell’s Central Park Tower project. The two sides settled their dispute in 2013 by each agreeing to move their projects a little to the side.

Tags: Architecture and Design, Development, hudson square
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  • Posted by : wh1
  • 2019年6月18日

The City Council member on negotiating two deals for Stuy Town, “cutting through red tape” and his days studying the city’s underground infrastructure

Dan Garodnick (Photos by Michael McWeeney)

City Council member Dan Garodnick represents New York City’s 4th District, which spans a large swath of Manhattan’s East Side, from Murray Hill to the Upper East Side with Koreatown and Central Park South wedged somewhere in the middle. He was elected to the Council back in 2005 and quickly rose to prominence when he organized an (ultimately unsuccessful) bid by the tenants of Stuyvesant Town-Peter Cooper Village to buy the property for $4.5 billion. Garodnick grew up in the massive rent-stabilized housing complex and now lives there with his wife, Zoe Segal-Reichlin, a senior associate general counsel at Planned Parenthood Federation of America, and their sons, Asher, 6, and Devin, 4. “I have it all right here, why would I move?” he said. Fittingly, he helped negotiate Blackstone Group and Ivanhoe Cambridge’s $5.3 billion purchase of t上海贵族宝贝交流区 上海贵族宝贝论坛he property in 2015 — and the terms of the deal required the new owners to keep 5,000 of Stuy Town’s apartments affordable for at least 20 years. The 45-year-old, who graduated from Dartmouth College in 199阿拉爱上海同城 爱上海龙凤419桑拿4 and got his law degree from the University of Pennsylvania in 2000, worked as a securities lawyer at the white-shoe law firm Paul, Weiss, Rifkind, Wharton Garrison before running for public office. Garodnick — who is termed out of office at the end of this year — has worked on a slew of real estate-focused legislation, including the rezoning of more than 70 blocks in Midtown East. He also helped draft the Tenant Protection Act, which passed in 2008, making tenant harassment a violation of the city’s housing code. Garodnick has yet to announce his next career move, but said he hasn’t ruled out running for office again. He met The Real Deal at on the 17th floor of 250 Broadway, his legislative office across the street from City Hall.

Pothole Dan

When Garodnick first took office, his friends made and framed this “Pothole Dan” T-shirt. It’s a play on the moniker given to former Sen. Al D’Amato, “Senator Pothole.” The shirt, he said, reminds him of his goal to solve big and small problems for his district’s residents.

Steam trap

In 2007, a steam pipe explosion near East 41st Street and Lexington Avenue killed one and injured dozens. To prepare for a hearing on the incident, Garodnick spent a month 上海龙凤论坛sh1f 上海龙凤论坛learning about the intricacies the city’s steam system. One of the experts he met with gave him this steam trap — a valve that releases pressure — to help him visualize how the system worked. “Underground infrastructure is complicated and dangerous, and once you start peeling back the onion, you realize how extraordinary it is that the city functions as well as it does,” Garodnick said.

Artwork

Garodnick keeps this drawing by his son Asher in his office. The image (medium: marker on paper) was inspired by[……]

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  • Posted by : wh1
  • 2019年6月18日

Fed leaves benchmark rate steady at Yellen’s final meeting Interest rate hikes generally mean more exp阿爱上海同城 阿拉爱上海同城ensive mortgages, lower home pricing

Janet Y阿拉爱上海同城 爱上海龙凤419桑拿ellen and the Federal Reserve building (Credit: Wikimedia Commons, Public Domain Images)

In Janet Yellen’s final policy committee meeting as Federal Reserve chairwoman, the benchmark interest rate was left unchanged in a unanimous vote, holding at between 1.25 and 1.5 percent.

That leaves incoming Fed Chairman Jerome Powell — to be sworn in on Monday — with a decision to maintain the slow 上海贵族宝贝论坛 上海贵族宝贝hike of interest rates or speed up the pace.

Go too slow and the low borrowing costs could set the stage for another asset bubble, the Wall Street Journal reported. Raising them to上海夜网 阿爱上海同城o quickly could slow a strong economy.

The committee said in a statement Wednesday that “inflation on a 12‑month basis is expected to move up this year and to stabilize around the Committee s 2 percent objective over the medium term.” Adjustments to monetary policy should lead to steady economic growth and a strong labor market, it added.

Wednesday’s decision follows Yellen’s general policy over her three years as Fed chair. Rates were raised once in 2015, once in 2016 and three times in 2017 during her tenure.

Increases in the federal上海千花网交友 上海千花网论坛 funds rate tend to push up the cost of mortgages and put downward pressure on property prices, but that didn’t happen last year. [WSJ] – Dennis Lynch

Tags: Janet Yellen, mortgages, Real Estate and Finance
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  • Posted by : wh1
  • 2019年6月17日

NYC renters care more about price than location: study Rentlogic report also found that 76% of New Yorkers have issues with their apartments

Apartments in Cobble Hill, Brooklyn

The mantra in real estate has always been location, location, location, but a more accurate phrase in New York might be price, price, price, according to a new survey.

The Rentlogic study, conducted in February among 250 renters in the city, found that 96 percent of them had price in their top five priorities when searching for an apartment, while 95 percent put location in their top five. This was followed by cleanliness—94 percent—quality—93 percent—and transportation—92 percent. Only 36 percent put amenities in their top five, despite features such as gyms an爱上海龙凤419桑拿 上海龙凤论坛sh1fd roof decks becoming fairly common in newer high rises.

The results also showed that 76 percent of renters have experienced issues with their apartments, with common complaints including pest infestations, loss of heat and leaks, and 24 percent planned to leave their apartment at the end of the lease. The top reasons renters gave for liking their buildings were safety, responsive landlords and functioning heat and air conditioning.

The survey found that most renters want more information about their buildings as well, with 89 percent saying renting would新爱上海同城对对碰论坛 上海同城对对碰交友社区 be easier if they had more thorough information about the landlord and 90 percent saying an independent building rating would make them more confident in its quality.

Tags: Residen上海龙凤论坛sh1f 上海龙凤论坛tial Real Estate
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  • Posted by : wh1
  • 2019年6月17日

David Dweck buys Boricua College s Willi爱上海 爱上海同城手机版amsburg buildings Developer plans to construct a mixed-use property on North 6th Street

186 North 6th Street

Developer David Duke Dweck has purchased a trio of buildings from Boricua College in Williamsburg for $31.1 million and plans to develop a mixed-use project with rental apartments on the site.

The site is located at 186 North 6th Street and consists of two adjoining lots with three brick爱上海同城手机版 新爱上海同城对对碰论坛 buildings: a gymnasium, a four-story multifamily property and a main s上海千花社区 上海千花网交友chool building, all of which we be delivered vacant to Dweck, according to Cushman Wakefield, which brokered the deal. The properties span roughly 68,700 square feet overall.

G4 Capital Partners provided $30 million in financing for the deal.

A Cushman team of Guthrie Garvin, Alexander Ball, Ethan Stanton, Michael Gembecki and Brendan Maddigan represented Boricua College in the deal.

Dweck and Boricua did not respond to requests for comment.

Dweck previously te阿爱上海同城 阿拉爱上海同城amed up with developers Steven Ancona and 上海贵族宝贝 上海千花网龙凤论坛Michael Marino for a building with 13 luxury condos at 62 and 66 North 3rd Street in Williamsburg with a total target sellout of about $30 million.

Tags: Commercial Real Estate, Cushman Wakefield, Development
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  • Posted by : wh1
  • 2019年6月14日

Hamptons Cheat Sheet: High demand for entry-level homes lead to bidding wars on South Fork more

Clockwise from top left: Mary Ann Tighe hand-picked an all-star team to build her Southampton home, Ex-J. Crew president asks for $5.9M for Water Mill home, East H阿拉爱上海同城 爱上海龙凤419桑拿ampton hotel sells for $5M and mid-century waterfront home in Bridgehampton lists for $9.95M.

High demand for entry-level homes leads to bidding wars on South Fork
Inventory for lower-income affordable homes on the South Fork is low and lagging behind the demand for them, experts said. “When we take buyers out looking for properties under $1 million, they often go away discouraged at the lack of selection or must find ways to increase their budgets, John F. Wines, a broker with Compass in Southampton told 27East. The average worker simply can t afford a home in Southampton, Wines said, adding that the concern is spreading to Sag Harbor, Hampton Bays, East Hampton and elsewhere. The Corcoran Group reported slow sales in the lower end of the market during the first quarter of 2018 with brisk activity at the higher end. Experts noted strong demand and limited supply led to fast turnover and bidding wars.  [27East]

Waterfront Bridgehampton home marketed as a teardown lists for $9.95M 
A 1,300-square-foot midcentury home on Mecox Bay hit the market for just under $10 million. Built in 1959, it has four bedrooms, two bathrooms, floor-to-ceiling glass walls and a dock. There are also approvals pending with the town of Southampton for a 6,000-square-foot structure and a waterside pool on the property. The 1.3 acres are also only a short walk from Mec上海贵族宝贝交流区 上海贵族宝贝论坛ox Beach. Christopher Covert of Saunders Real Estate is handling the listing. [Curbed]

Ex-J. Crew president asks for $5.9M for Water 上海千花网论坛 上海千花网Mill home
The onetime J. Crew president Jeffrey Pfeifle and Corcoran broker David Granville put their Water Mill home on the market for $5.9 million, the New York Post reported. Built in 2003 — though parts of the home date back to the 1700s — the Upper Seven Ponds Road home has seven bedrooms, eight bathrooms, a heated pool with a pool house, two guest wings, a tented deck and staff quarters. It sits on about 2.8 acres that include an apple orchard. Granville is handling his own listing along with his colleague Mala Sander. [New York Post]

E上海龙凤论坛 新上海贵族宝贝论坛ast Hampton hotel s上海千花网交友 上海千花网论坛ells for $5M
After renovating the 1.1-acre property at 490 Pantigo Road under a lease agreement, Manhattan-based Bridgeton Holdings went all-in with the $5-million-dollar purchase of the hotel they christened as Journey East Hampton. It was formerly known as the Inn at East Hampton. Inbar Mitzman, Lisa Ferraro and Dana Forbes of Daniel Gale of Sotheby’s International Realty represented both sides of the deal, Long Island Business News reported. With 22 rooms and 3 cottages, the hotel now rents suites for an average of $750 on a weekday night. [LIBN]

Mary Ann Tighe hand picked all-star team to build Southampton home
Real estate powerhouse M[……]

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  • Posted by : wh1
  • 2019年6月14日

The We Company launches its first
no-membership-required space Made By We, which the company says will serve as a “town square,” will open at 902 Broadway

A Made By We retail space (Credit: WeWork)

The We Company octopus has grown yet another tentacle, after it launched a no-membership-needed service that allows people to book desk space on demand.

The firm, until recently known as WeWork, announced on Tuesday the launch of a combined retail and co-working venture called Made By We. Similar to its single dedicated retail spot at 205 Hudson Street, Made By We features a market where We Company partners can sell curated product爱上海龙凤419桑拿 上海龙凤论坛sh1fs. It will also feature a service that allows non-members to book desk space by the minute.

The Made By We workplace (Credit: WeWork)

The first space has opened at 902 Broadway in the Flatiron District, and has 100 workplace seats and meeting areas for groups of four to 10 people. The site is also attached to a Bluestone Lane, which partnered with the co-working firm on t上海龙凤论坛sh1f 上海龙凤论坛he location.

Commercial Observer first reported news of WeWork s retail component at the site.

902 Broadway (Credit: The Rosen Group)

There has been no shortage of headlines emerging爱上海同城论坛 爱上海同城 from the company in recent weeks, which has included a rebranding to The We Company; a report about CEO Adam Neumann s position as landlord in some of WeWork s leases; and a reduced investment by its largest backer, SoftBank.

A limited liability company controlled by WeWork filed a爱上海 爱上海同城手机版 trademark for Made By We back in 2015, according to U.S. Patent and Trademarks Office filing, which indicates the venture has been in the pipeline for some time now. It signed for the space last month, taking 7,460 square feet in the building. The online ticket selling platform, SeatGeek, is also in the building with its h爱上海同城论坛 爱上海同城eadquarters, which spans 72,800 square feet across four floors.

The building is owned by the Rosen family, and the lease is managed by firm Koeppel Rosen.

Tags: Commercial Real Estate, Retail Real Estate, The We Company, wework
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  • Posted by : wh1
  • 2019年6月14日

Paramount Group CEO among new buyers revealed at 220 CPS Ken Griffin’s neighbors also include Brazilian construction billionaire Renata de Camargo Nascimento and hedge funder Daniel Och

From left: Renata de Camargo Nascimento, Albert Behler, Daniel Och with 220 Central Park (C爱上海同城 爱上海redit: Wealth-X, OZM, and Paramount Group)

Hedge funder Ken Griffin is getting some more high net-worth neighbors at 220 Central Park South.

Among them is Albert Behler, chairman and chief executive of real estate investment trust Paramount Group, who bought a 35th floor unit for $33.5 million, according to the Wall Street Journal.

Other buyers include Brazilian billionaire Renata de Camargo Nascimento, one of three billionaire sisters and heiresses of a cement and construction fortune爱上海同城对对碰 爱上海同城论坛. She paid $30.19爱上海同城论坛 爱上海同城1 million for a 33rd floor unit.

Daniel Och, also a hedge funder, and debt-collectio上海龙凤论坛 新上海贵族宝贝论坛n mogul Andrew Zaro, have scooped up pads at the Vornado Realty Trust tower.

Griffin s $238 million penthouse purchase, meanwhile, broke records for the most expensive U.S. home ever sold.

Amenities at the tower include a wine cellar, juice bar, library, swimming pool, basketball court, and a golf simulator room.

Vornado s proceeds from 220 CPS are being rolled into the company s major redevelopments at One and Two Penn Plaza, and the Farley Post Office, CEO Steve Roth said on an earnings call this month. [WSJ] — Decca Muldowney

Tags: 220 central park south, paramount group, Residential Real Estate
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  • Posted by : wh1
  • 2019年6月14日

Massive development site by LaGuardia hits the market Site spans about 1.5 acres on Ditmars Boulevard and 25th Avenue

Cushman Wakefield s Stephen Preuss and the site at 102-05 Ditmars Boulevard in Queens

A development site near LaGuardia Airp上海夜网 阿爱上海同城ort with the potential for a roughly 750,000-square-foot project has hit the market, according to sources familiar with the deal. But to unlock those rights, the new owner would have to work a little.

The site spans about 1.5 acres 上海千花网交友 上海千花网论坛and is addressed at 102-05 Ditmars Boulevard. The site is located right next to the LaGuardia Airport Marriott and shares the same address as the hotel.

Rubicon Companies owns the property, which is currently used for parking.上海贵族宝贝交流区 上海贵族宝贝论坛 The site should fetch between $20 and $50 million up to $66 a square foot   on the market due to a restrictive covenant that has been placed on it, sources said. The restrictive covenant stems from the East Elmhurst rezoning and requires any development on the site to receive approval from the Department of City Planning.

A Cushman Wakefield team led by Stephen Preuss is marketing the property.

LaGuardia is currently in the middle of an $8 billion renovation effort that will include a 2.7 million-square-foot buildout with six new concourses and 72 gates.

Other development sites on the market in Queens include a 137,000-square-foot site at 129-02 Northern Boulevard in Willets Point and a 122,000-square-foot site at 242-22 61st Avenue on the border of Queens and Nassau County. The Criterion Group recently bought a development site north of Queensbor上海同城对对碰交友社区 上海夜网论坛o Plaza in Long Island City for just under $80 million.

Tags: Cushman Wakefield, Development
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  • Posted by : wh1
  • 2019年6月14日

SQUARE ENIX announces to be market opportunity edition ” dispute: Final illusion ” reach PS4 edition ” dispute: Final illusion NT ” increase come from ” final illusion 13 ” part Si Nuo. The battle that is this new role below publicizes video, see this be in together whole and final illusion has the person of significant position in story of 3 13 game:[……]

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  • Posted by : wh1
  • 2019年6月13日