Bronx Construction Starts

Build, baby, build: Bronx construction starts again expected to surpass $2B Number of new residential units expected to top 10-year high

Carlo Scissura and a rendering of 上海夜网论坛 上海夜网443 East 162nd Street (Credit: Danois Architects and WXY)

Construction starts in the Bronx in 2017 are expected to exceed $2 billion for the third ye爱上海同城手机版 新爱上海同城对对碰论坛ar in a row thanks to a healthy pipeline of housing development.

The New York Building Congress estimates that roughly $2.3 billion worth of projects will have gotten underway this year, the Commercial Observer reported. That’s roughly the same figure as 2016 and slightly above 2015’s total of $2.2 billion.

“The Bronx is experiencing positive momentum and benefiting from continued strong investment from both the public and private sectors,” B新爱上海同城对对碰论坛 上海同城对对碰交友社区uilding Congress president and CEO Carlo Scissura said in a statement. “With the value of annual construction starts more than doubling since the beginning of this decade, it’s obvious that the development community now views the Bronx in a whole new light. And I would be surprised if 阿拉爱上海同城 爱上海龙凤419桑拿that percentage doesn’t continue to rise in the coming years.”

Through the first nine months of the year, projects that started in the Bronx were worth a total of $1.7 billion, according to the Building Congress’ analysis. Housing made up the largest slice of the pie at 53 percent, followed by 20 percent for public works, 15 percent institutions such as schools and health care facilities and 11 percent for commer[……]

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666 Fifth Avenue

Kushner in negotiations to buy Vornado’s stake in 666 Fifth Avenue Lenders would have to approve any deal

Charles Kushner, Steve Roth and 666 Fifth Avenue (Credit: Getty Images)

Kushner Companies is negotiating to buy Vornado Realty Trust’s 49.5 percent stake in its troubled office tower 666 Fifth Avenue, according to a new report.

A spokesperson for Kushner confirmed the talks to the Wall Street Journal, but declined to comment on either the purchase or a restructuring of the debt on the Midtown tower, which is losing money and is roughly 30 percent vacant. Vor阿拉爱上海同城 爱上海龙凤419桑拿nado did not comment.

The real estate investment trust recently told investors in an annual report that it planned to sell its stake in the building, with experts saying any sale would likely occur上海千花网 爱上海同城对对碰 within a year. Vornado, led by Steve Roth, bought its share for $80 million and the assumption on half the debt in 2011, a deal that temporarily bailed out Kushner.

A $1.2 billion loan is due in February 2019, and the building reportedly doesn’t yield enough revenue to cover interest payments, the Journal reported.

A person familiar with negotiations told the Journal that Kushner’s plan to purchase Vornado’s minority stake in 666 Fifth would mean a refinancing of the debt on the building. If Kushner were to purchase Vornado’s stake, the deal would need to be approved by lenders, Bloomberg reported.

Kushner, which bought the building for a record $1.8 billion before the financial crisis, has trotted the globe seeking[……]

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Real Estate Dry Powder

Real estate funds j新上海贵族宝贝论坛 上海贵族宝贝交流区ust raised the most cash in a Q1 since 2008 Rise in dry powder is good news for the property market

345 Park Avenue (Credit: Rudin Management)

New York’s real estate industry has plenty to worry about in early 2018, fro上海龙凤论坛sh1f 上海龙凤论坛m rising interest rates to trade wars and a potential cyclical downturn. But strong private fundraising is an indicator that it might not get so bad after all.

A staggering $33 billion in new private real estate funds closed globally between January and March, according to research firm Preqin the largest first-quarter volume in a decade. The figure only includes so-called closed-end funds, or investment ve上海贵族宝贝 上海千花网龙凤论坛hicles with a fixed lifespan.

Preqin notes that it “expects these figures to rise up to 10 percent as more information becomes available,” and that the total could eventually surpass the record $35 billion raised in the first quarter of 2008.

Fund managers’ aggregate dry powder, or unspent capital commitments, rose to $266 billion in late March, up from $249 billion in December. Because closed-end fund managers have a fixed timeframe during which they have to spend their dry powder, strong fundraising should help prop up demand for real estate in the years to come.

Meanwhile, the fund m上海贵族宝贝交流区 上海贵族宝贝论坛anagement industry’s gr上海夜网论坛 上海夜网adual consolidation continues as fewer new funds close, but each one raises more money. Just 47 new closed-end real estate funds closed in the first quarter, the lowest total since at least 2013 a[……]

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Cooper

Cooper-Horowitz taps Winick directors to lead new investment sales platform Elana Tsyganko and Max Kostikov will head new division

Elana Tsyganko (blue) and Max Kostikov (red) (Credit: LinkedIn and Winick Realty Group)

As the industry consolidates, Cooper-Horowitz is getting in on the current hiring frenzy by launching an investment sales platform.

The mortgage brokerage has tapped Elana Tsyganko and Max Kostikov, both previously direc阿拉爱上海同城 爱上海龙凤419桑拿tors of Winick Realty Group s investment sales group, to lead its new platform, Commercial Observer reported.

“We’ve looked very carefully at launching an investment sales platform for some time and are very excited to have Elana and Max join,” said Richard Horowitz, a principal of Cooper-Horowitz. “Their experience and capabilities will help to grow the business as well as complement our existing services.”

Horowitz noted that part of the company s motivation for launching the new platform was the fact that the industry is c上海夜网论坛 上海夜网onsolidating, and the firm wants to take advantage of the recent swell of available talent. For instance, in June, Eastern Consolidated announced it was closing down, freeing up the firm s 100 brokers.

Tsyganko joined Winick in July 2017 after working at Nest Seekers International and MetroPolitan Property Group. Kostikov worked at Venture Capital Properties before joining Winick last year.

Other firms have expanded into commercial sales as well. Compass la上海夜网论坛 上海夜网unched a commerci阿爱上海同城 阿拉爱上海同城al division last month. Lee A[……]

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Gotham Organization

Goldman Sachs invests $83M in
Gotham Org s 1,120-unit LIC project Opportunity zones helped draw Goldman’s Urban Investment Group to the neighborhood

Goldman Sach s Margaret Anadu and a rendering of Hunter’s Point South Proposal (Credit: Handel Architects)

UPDATED, Nov. 27, 2018, 3:40 p.m.: Goldman Sachs finalized a deal to invest in a massive affordable development in Long Island City — on the same day Amazon announced it would bring half of its HQ2 to the neighborhood.

The investment bank’s Urban Investment Group provided the Gotham Organization with $83 million for its 1,120-unit mixed-use project in Hunter’s Point South, Bloomberg reported.

The city last year chose Gotham Organization and local nonprofit RiseB上海千花网 爱上海同城对对碰oro Community Partnership Inc. to develop the property at 57th Avenue and Second Street, which will also include retail. Of the more than 1,000 apa上海龙凤论坛sh1f 上海龙凤论坛rtments, 900 are slated to be affordable for hou上海贵族宝贝论坛 上海贵族宝贝seholds earning between 30 and 145 percent of area median income, and 93 units will be set aside for seniors.

The timing lining up with Amazon’s announcement, one Goldman Sachs executive said, was an absolute coincidence.”

“I didn’t think New York was in the running,” said Margaret Anadu, head of the Urban Investment Group, “much less Long Island City.”

Instead, the draw was the fact that the project is situated in an Opportunity Zone, like much of the Long Island City waterfront. Since the tax break was pushed through, the Urban Investment Group has invest[……]

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DelShah Capital

City report shows lead levels 36x health standard at Delshah s 138 Ludlow Street Residents report illness during building renovations

138 Ludlow Street and Michael Shah

Lead levels at Delshah Capital s 138 Ludlow Street are as high as 36 times the federal government s acceptable health standard, according to a December report commissioned by the city s Department of Health and Mental Hygiene.

Lower Manhattan community group the Cooper Square Committee announced the report in a Friday press release, with Assembly member Yuh-Line Niou and City Council Member Margaret Chin quoted criticizing Delshah for what they deemed unsafe construction practices.

Lead contamination at 138 Ludlow Street

DelShah has since slowed its renovation work, according to the release.

Firm principal Michael Shah did not immediately return a request for comment from The Real Deal. Neither did DOH.

High levels of lead are known to cause illness and developmental pro爱上海同城手机版 新爱上海同城对对碰论坛blems in children and adolescents, and Delshah s building is one of a number of Lower East Side properties that have recently been reported to carry unsafe levels. Meanwhile, NYCHA, which was found to have misled the public ab上海龙凤论坛sh1f 上海龙凤论坛out unsafe levels of lead at public housing buildings across the city, faces steep penalties and possible federal monitorship.

Local Law 1 of 2004 sets the protocol for how landlords are supposed to address potential lead contamination. Cooper Square s Jodie Leidecker told TRD DelShah didn t appear to be follo[……]

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Free power does game publish secret number to the 4th of what thing wants to come?

Free power begin domain of sortie electron game recently, they were issued last year ” free power spider a person adept in martial arts and given to chivalrous conduct ” , obtain double bumper harvest of public praise sales volume, in addition they still were announced ” free power culminating alliance 3 ” , predict to land Switch this year. Additionally we still know to overflow power overcoming with Ai Ni of Shi Kewei Er this joint development ” avenger is allied ” game. Overflow it seems that nevertheless power still want to allude the thing with new what, free power the government of recreation department is pushed just changed especially head portrait, look resembling is a number ” 4 ” , it is apparently allude in insanity. But what do they want to allude after all? ” general of card of caricature hero VS is empty ” should give the 4th however (if ” general of card of caricature hero VS is empty: Infinite ” not the word of count) . Also perhaps be likely ” avenger is allied 4 ” homonymic game, it is likely even ” magical 4 a person adept in martial arts and given to chivalrous conduct ” game project restarts. It is what circumstance after all everybody says to forbid now, can wait to overflow only power announce a news formally. [……]

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” whole area blocks 2 ” first story is premonitory tomorrow releases American society to break down again

” whole area blocks ” official Twitter releases an information now, affirm will release first story prevue at 9 o’clock on January 16 morning at time of American Pacific Ocean, beijing time was on January 17 before dawn at 1 o’clock. In the small part that releases in official Twitter, billow of smother of American the White House, american ensign has one part to be dropped by baked wheaten cake, cheated impress of baked wheaten cake, sway in wind. And in front it is the cumshaw sail that a large number of discarding, look American society wants to break down again. The segment that issues on Twitter:
“Already passed 7 months after lethal virus assaults Newyork city and other area, world population is cut down considerably. During virus will raid, conceal at the secret service unit in civilian ” land strategy bureau ” begin the operation as last line of defence. Since then, the secret service of land strategy bureau fights ceaselessly, try to save the person thing that leave ” . Yo green jade expresses, ” whole area blocks 2 ” have older map is made before comparing, the player also will be in it is archetypal 1:1 with Washington special zoneGame of the experience in the game world that creates once more makes person exclamatory rich detail and diversiform environment. “Want to save Washington special zone to be able to head for purchase in advance of store of Yo green jade now at the player in jeopardy ” whole area blocks 2 ” PC standard edition, gold edition or culminating[……]

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” true person is hit quickly 11 ” allusion Tibet edition is restricted only PS4 and X1 platform price 300 dollars

Wanner and NetherRealm atelier were recently ” true person is hit quickly 11 ” held large news briefing, announced new premonitory new role, still announced game edition of luxurious allusion Tibet ” Mortal Kombat XI Kollector’s Edition ” , be restricted only PS4 and Xbox One platform, price 300 dollars. Bag of allusion Tibet edition contains ” true person hits quickly 11 ” advanced edition: – ” true person is hit quickly 11 ” whole game and ” Kombat Pack ” – 6 DLC parts – 7 skins – 7 suit are wrapped fully – DLC part shifts to an earlier date ● of box of iron of edition of Tibet of allusion of a week use ● ” true person is hit quickly ” ● of Logo modelling magnetEdition of Tibet of statuary ● allusion prevents dimension scorpion mask black of edition of Tibet of allusion of ● of bogus card card is packed ” true person is hit quickly 11 ” Beta test time already also was announced. Player of purchase in advance can check in the Beta that shared PS4 and Xbox One platform on March 28, the player that participates in a test will be obtained can hold accuse part Shao Kahn. Shao Kahn ” true person is hit quickly 11 ” will on April 23 put on sale, land PC, PS4, xbox One and Switch platform. [……]

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Wanda and colossus wind game ” gigantic god chases ” Steam 2 experiences 1 days month first

Recently, get ” Wanda and colossus ” the gigantic animal of the influence chases game ” gigantic god chases ” be about to experience first in Steam open, experience mobile general on Feburary 1 open, still released a paragraph to experience first for this government premonitory, go looking together! ” gigantic god chases ” experience first premonitory:
In ” gigantic god chases ” in leading role and giant when an eccentric person fights, need grasps enemy body and climb to the weakness, atttack next. The story happening in game is in all the year round the confuse islands of severe winter, the player acts to be concealed in islands backside truth to open, and the hero that enters islands alone, do not know this hero whether beat the tremendous menace that appears before him, prevent the world to be destroyed? Go seeing game demonstrate together! ” gigantic god chases ” 4 minutes demonstrate:
” gigantic god chases ” will land PS4/Xbox One and PC platform, steam will on Feburary 1 open experiences first, formal edition put on sale had be notted announce. [……]

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