55 Hudson Yards

55 Hudson Yards

Milbank to take 250K sf at Related’s 55 Hudson Yards Global law firm will leave its office at 28 Liberty Street

White-shoe law firm Milbank, Tweed, Hadley McCloy signed a letter of intent to lease about a fifth of the Related Co上海贵族宝贝 上海千花网龙凤论坛mp爱上海龙凤419桑拿 上海龙凤论坛sh1fanies and Oxford Property Groups’ 55 Hudson Yards.

Milbank agreed to take 250,000 square feet, nine floors of the planned 1.3-million-square-foot West Side office tower. A final deal will be inked by the end of the summer, according to a press新爱上海同城对对碰论坛 上海同城对对碰交友社区 release from the developers.

The lease would be the largest signed at 55 Hudson Yards to date.

The global legal firm will leave a similarly-sized space at Fosun International’s 28 Liberty Street in the Financial District, formerly known as One Chase Central Plaza. Its lease at 28 Liberty runs through 2019, according to CoStar.

C上海贵族宝贝论坛 上海贵族宝贝ushman Wakefield’s Dale Schlather represented Milbank in the negotiations. Rober阿拉爱上海同城 爱上海龙凤419桑拿t Alexander and Howard Fiddle of CBRE worked with Related’s Stephen Winter on behalf of the landlords.

Last year, another major law firm, Boies, Schiller Flexner agreed to take 83,000 square feet at the building, which is set to be completed in 2018.

In January, Related closed on the $152 million acquisition of a Far West Side site that held a McDonald s, a deal that will allow it to build a 62-story tower at 50 Hudson Yards. [CO] – Ariel Stulberg

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Billy Macklowe

The developer on meeting Steve Jobs, his dodgeball bachelor party and quitting rock climbing.

Billy Macklowe (Photo by Catherine Gibbons)

Billy Macklowe, 48, the founder and CEO of William Macklowe Company , has finally made his own mark on the condo business after leaving his father Harry’s company and launching his investment firm in 2010. He and his associates are now finishing construction on a new 52-u爱上海同城 爱上海nit condo tower — at the former site of Bowlmor Lanes at 21 East 12th Street — which is almost 40 percent sold after three months on the market. His firm’s office portfolio includes 156 William Street in the Financial District, where he recently inked a 55,000-square-foot lease deal with Weill Cornell Medical College, and 636 Avenue of the Americas. Macklowe has participated in more than $15 billion in real estate deals sin上海千花网论坛 上海千花网ce he entered the business in the early 1990s, he said. His corner office, on the 28th floor of 126 East 56th Street, is filled with trinkets from his days working at Macklowe Properties with his father, as well as his more recent solo pursuits.

Piton

Macklowe is well-known for his love of extreme sports, and until recently he was an avid rock climber. Though he loves traveling to New Paltz, in upstate New York, to go climbing, he recently took a step back from using his piton at the request of his wife, Julie. “It’s not the most conducive sport to being married and having children,” he said. “There are consequences.” Once, when he and Julie[……]

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Queens Investment Sales

These were 上海贵族宝贝 上海千花网龙凤论坛the top 10 biggest Queens deals in the first quarter The borough has mainly seen a mixture of large residential and office deals

Clockwise from left: 95-25 Queens Boulevard, 48-49 35th Street and 71-11 37th Avenue

The biggest real estate sales in Queens for the beginning of 2017 were marked by a healthy balance of office and residential deals, continuing last year’s trend.

Health insurer Fidelis Care’s roughly $140 million purchase of the office building at 95-25 Queens Blvd. from the LeFrak Organization was the biggest deal of the first quarter by far, with a total cost higher than the number two and three deals in Queens combined. The trade for the 358,000-square-foot property closed on March 28.

The largest residential sale of the first quarter and the third largest sale throughout Queens was Karan Singh’s purchase of a high rise at 71-11 37th Ave. for $31.5 million, while the borough’s second largest sale was Metropolitan Retail Associates’ $55 million purchase of the Mastil Bros Building, a warehouse property in Long Island City.

Although the Fidelis Care deal took place in Rego Park, Long Island City and Flushing have proven to be the most popular areas in the borough so far for major deals. Three of the major deals took place in Flushing, while four took place in Long Island City. The deals in Long Island City were largely commercial, while those in Flushing were mostly residential.

Check out the full list of the 10 biggest Queens sales in the first quarte[……]

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Korman Communities

Korman Communities sweeps up Smyth hotel for $72M The new owner also refinanced the debt on the property with a $41M loan

From left: The Smyth Hotel, Larry and Brad Korman (Credit: Korman Communities and Thompson Hotels)

UPDATED: Thurs., Dec. 7, 01:48 p.m.: Korman Communities, in partnership 阿拉爱上海同城 爱上海龙凤419桑拿with Shorewood Real Estate Group and Prodigy Network, bought the Smyth hotel in Tribeca for $72.2 million, records filed with the city Thursday show.

Walton Street Capital was the seller and the original developer of the property in a joint venture with Tribeca Associates. In 2010, the pair broug上海龙凤论坛sh1f 上海龙凤论坛ht 15 condominiums in the building at 85 West Broadway to market. A well-publicized stay by the Kardashian sisters in 2爱上海同城 爱上海012 preceded a boost in offering prices, according to the Wall Street Journal.

Alexandre Vial and Kyle Stein上海夜网 阿爱上海同城

Sources said Alexandre Vial and Kyle Stein of Prince Realty Advisors brokered the sale of the Tribeca property to Korman, a Pennsylvania-based owner of hotels and rental buildings. The brokers declined to comment.

Vanbarton 爱上海龙凤419桑拿 上海龙凤论坛sh1fGroup also made an equity investment in the acquisition.

The 14-story hotel holds 100 rooms and when it opened, featured a 100-seat Jour et Nuit Restaurant and Lounge that has since been replaced by chef Andrew Carmellini s Little Park.

Korman owns several other Manhattan hotels, Including Aka Wall Street and AKA Central Park, but has indicated an appetite to diversify. In 2015, it swapped a hotel plan for a site near Su[……]

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Lenders

237 East 77th Street in Manhattan and 98 Third Avenue in Brooklyn

A developer has purchased an enviable piece of land in an up-and-coming neighborhood and now they ve filed their construction plans with the Department of Buildings. The next step would be to receive approval for the project in the form of a permit that allows construction to begin. But instead radio silence. For a month, then two months, then six months, then a year, then three years. For a major New York City developer, a seemin上海千花网 爱上海同城对对碰gly stalled project is big news and will be written about and discussed among industry veterans. Smaller, less established developers, however, have the advantage of anonymity and can coast for years with their delayed project out of the spotlight, crossing their fingers that they stumble upon the cash to finish their development. For a lender looking for projects to refinance or a develo爱上海同城论坛 爱上海同城per looking for projects to purchase and complete, these projects represent an ideal opportunity. Finding them, however, is a task in itself.

TRData, The Real Deal s comprehensive real estate database, has been tracking every project filed with the Department of Buildings since 2009. If the project includes at least 5,000 square feet or 5 residential units, we add it to our new development pipeline and keep an eye on it as it receives permits and approval.

Using our pipeline, we ve singled our over a thousand projects of all asset types that we consider delayed. These are projects that have[……]

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Tribeca Clock Tower

Tick tock: Developers under the gun to sell 35 condos at Clock Tower building by August Pro爱上海同城手机版 新爱上海同城对对碰论坛ject at 108 Leonard features 150 units priced between $1.5M and $20M+

Isaac Tshuva and the Tribeca Clock Tower building

Condos at the Tribeca Clock Tower building are finally ready to hit the market — and they need to sell fast.

The Elad Group, which spearheaded the condo conversion at 108 Leonard Street, has to sell 35 units by August, according to loan documents that were revealed in a now-settled legal dispute between Elad and its development上海夜网 阿爱上海同城 partner the Peebles Corporation (it is fairly standard for projects that receive financing to be required to sell a certain number of units by a certain date). Additionally, if the developers do not finish the project within five years of the date 爱上海龙凤419桑拿 上海龙凤论坛sh1fthe city vacated the property — December 31, 2016 — the city can take the property back, according to legal papers that were filed in March.

The Tribeca building was previously a criminal court, and the effort to turn上海龙凤论坛 新上海贵族宝贝论坛 it into a condo project was announced five years ago. There are a total of 150 apartments at the project that have between one and four bedrooms and will go for between roughly $1.5 million to more than $20 million. Douglas Elliman will handle sales and marketing.

Amenities at the building include a gym, a pool, a screening room and a rooftop lounge.

A judge ruled last year that the clock tower part of the project could not be part of the penthouse, but Elad is[……]

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Victor Sigoura

Victor Sigoura stitches together UES assemblage for ground-up condo pr爱上海龙凤419桑拿 上海龙凤论坛sh1foject Developer’s Legion Investment Group closes on 3 parcels for $62M; Gindis are partners

Victor Sigoura新上海贵族宝贝论坛 上海贵族宝贝交流区, 113, 115 and 117 East 79th Street (Credit: Getty Images)

UPDATED, 4:57 p.m., May 18: Victor Sigoura’s Legion Investment Group has put together an assemblage on the Upper East Side for a ground-up residential condominium project, The Real Deal has learned.

Sigoura’s firm paid more than $62 million total for the sites, in three separate transactions that give the developer about 72,000 buildable square feet. One of its investors on the project is Gindi Capital, the investment arm of the Gindi family.

The first purchase, at 117 East 79th Street just off of Park Avenue, was made by a Gindi-controlled entity for and closed back in October for $15 million. Sigoura s involvement was not revealed at the time. The other two parcels, 113 and 115 East 79th Street, closed over the past week, according to sources familiar with the transaction. Legion is in talks to buy inclusionary housing certificates that would bring the total buildable square feet to 72,000.

Represen阿拉爱上海同城 爱上海龙凤419桑拿tatives for Legion declined to comment. Kassin Sabbagh Realty s Ceasar Salama and Joseph Ash, who brokered the assemblage deals, declined to comment. The seller at 113 East 79th was the estate of the late Richard Feigen, who bought the property in the 1980s; the sellers at 115 East 79th were Edward Grombacher and Ilona Swari[……]

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Titanic

Hamptons Cheat Sheet: Sagaponack farm listed for $12.5M goes into contract after only 3 months more

Clockwise from top left: Home with views of Wainscott Pond cuts price down to $14.5M, Sagaponack farm with Titanic past in contract for $12.5M after 3 months, Billy Joel wants his Sag Harbor home in line with federal standards but neighbors say it d erase history and Onetime Southampton site of Villa Medici replical sells for $11.5M.

Sagaponack farm listed for $12.5M goes into contract after only 3 months
A swift buyer snapped up a Sagaponack farmhouse that had only been on the market for only three months, Curbed first reported. The home s last listing price was $12.5 million. The 2,600-square-foot farmhouse, which was built in the 1920s, has two bedrooms, while a newly-built 7,300-square-foot main house has another four bedrooms. A barn that once stored potatoe上海贵族宝贝交流区 上海贵族宝贝论坛s has since been renovated, now containing three horse stalls, a groom s lounge with a full bathroom and a lofted sitting area. The 10-building, three-acre compound also includes a sunken terrace, hot tub and a heated saltwater gunite pool. Dana Trotter of Sotheby s International Realty, who handled the listing, noted that there were about 50 brokers in attendance at the home s open house, telling Curbed: I have been doing this over 20 years and have never had爱上海同城 爱上海 the response to a new listing like this.  [Curbed]

Wainscott home with pond views gets a $1.5M price chop
The seller of a 7,300-square-foot home with[……]

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Airbnb

Airbnb to start designing homes next year with new Backyard business The home-sharing company will reveal prototypes in 2019

(Credit: iS爱上海同城论坛 爱上海同城tock)

Airbnb is officially getting into the business of home design with a new initiative called Backyard.

Prototypes of the housing developed for Airbnb Backyard will be revealed in 2019 and the models are expected to ra上海龙凤论坛 新上海贵族宝贝论坛nge from guest houses to single-family and even multifamily homes, according to Fast Company.

Airbnb s chief product officer and co-founder Joe Gebbia, who also leads the company s futures division, Samara, said Backyard will focus on designing prototypes of a living system in addition to the physical structures.

“Backyard isn’t a house, it’s an initiative to rethink the home. Homes are complex, and we’re taking a broad approach–not just designing one thing, but a system that can do many things,” Gebbia told Fast Company. “Backyard investigates how buildings could utilize sophisticated manufacturing techniques, smart-home technologies, and gains vast insight from the Airbnb community.

Backyard s pro上海千花网交友 上海千花网论坛totypes will reportedly support short-term rentals and co-living concepts, but Gebbia said the company s homes are not exclusively tailored to Airbnb hosts.

The Samara division was started by the company years ago to develop new lines of business for Airbnb. Samara built its first house back i上海龙凤论坛sh1f 上海龙凤论坛n 2016 in Japan called the Yoshino Cedar House. It was designed by architect Go Hasegawa and houses a co阿拉爱上海同城[……]

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