L+M buys East Village rental building for $44M BFC Partners developed the 79-unit property in 2002
L+M Development Partne上海贵族宝贝论坛 rs scooped up a 79-unit East Village rental building kn上海千花社区 own as Eastville Ga阿拉爱上海同城 rdens for $44 million, according to property records filed with the city Thursday.
The developer paid $44 million to owner BFC Partners, which finished developing the building at 342 East 8th Street in 2002. The seven-story building, Near Avenue C, has a mix of market-rate units and affordable housing. A Baptist church is also on the site, but doesn t appear to be part of the deal.
L+M declined to comment. BFC did not return a call seeking comment.
L+M, a major player in affordable housing construction in the city, recently helped buy the home of soul food restaurant Red Rooster Harlem for $21 million.
In 上海同城对对碰交友社区 April, the developer and the owner of J+R Music filed plans for a 54-story, 266,000 square foot mixed-use tower in the Financial District, nearly two years after pairing up to redevelop part of the site, which include新爱上海同城对对碰论坛 s three buildings at 23-33 Park Row. The company is also teaming up with BFC and Taconic Investment Partners on the Essex Street Crossing redevelopment project, which is slated to open in 2018.
We are having some technical difficulties. Try again later.
Westfield sues yet another WTC mall tenant for not moving in Landlord demands $2.5M from boutique eyeshop Edward Beiner
Westfield s shopping complex at the World Trade Center
Westfield is suing a fifth retail tenant for not taking space at the shopping complex at the World Trade Center. The Australian real estate firm claims Edward Beiner owes $2.5 million for defaulting on its seven-year lease.
The luxury Miami-based eyewear retailer informed Westfield in June that it would not be taking possession of the 658-square-foot space 新爱上海同城对对碰论坛 it had leased. 上海夜网论坛 The retailer said it would not be ready 爱上海同城手机版 in time fo上海贵族宝贝 r the August opening date due to delays on Westfield’s part and other construction issues, according to court documents filed in New York State Supreme Court Wednesday.
Westfield declined to comment on the litigation. Neither Edward Beiner nor its counsel were immediately available for comment.
Edward Beiner is just the latest WTC tenant Westfield has sued since June, including fashion retailers, Dune London, Bebe and True Religion and coffee shop Fika. Westfield claimed in court papers that the retailers are contractually obligated to take the space before Westfield finds a replacement tenant. Three of the tenants countersued and True Religion settled the matter out of court.
The move to the 365,000-square-foot WTC mall would have been Edward Beiner’s first location outside Florida.
Westfield s World Trade Center mall, located inside the soaring Santiago Cala[……]
Jeffrey Dagowitz adds 83K sf in a爱上海同城手机版 ir rights to Chelsea site Hotelier is plan上海贵族宝贝 ning 爱上海龙凤419桑拿 a development that’s nearly 250K sf
We are having some technical diff上海夜网论坛 iculties. Try again later.
BK condo unit filings up 38% over last year Between January and April, developers submitted plans for 60 projects totaling 797 units
Clockwise from left: Renderings of 62 Box Street, 953 Pacific Street and 850 Metropolitan Avenue
Brooklyn developers submitted just 60 condominium project上海贵族宝贝交流区 s to the New York State Attorney General s爱上海同城 Office during the first four months of 2017, but they re shooting for higher unit counts than were sought a year ago.
In all, developers filed plans seeking a total of 797 residential units, according to a review of submitted filings by The Real Deal. That s about 13 apartments per project. During the same time last year, developers filed plans for 73上海夜网 condos with just 577 units an average of eight apartments per project.
While condos were planned all over the Brooklyn map, developers showed the most interest in Greenpoint and a trio of neighborhoods along the Q line in southern Brooklyn.
The three neighborhoods with the most new residential units were Borough Park, Midwood, Sheepshead Bay, which accounted for close to half of all new condo units submitted in 2017. On the whole, these were larger projects, with three developments planned for Midwood and Sheepshead Bay each, a上海贵族宝贝 veraging 35 and 36 units, respectively.
Northwest Brooklyn, however, continues to be the liveliest condo market in Kings County. Greenpoint, in particular, saw the largest increase in smaller projects, with 91 new units planned across 11 developments. These in[……]
Planning to develop in the Bronx? Better have these politicians on speed dial The borough has four City Council members on the powerful land use committee
The Bronx, Ruben Diaz Jr. and Melissa Mark-Viverito (Credit: Getty Images)
The Bronx has been touted as Ne阿爱上海同城 w York’s next hot real estate market for years now and saw $3.3 billion worth of investment last year alone thanks to major incoming projects ranging from Melrose Commons to the long-awaited Kingsbridge National Ice Center.
With that in mind, The Real Deal has put together a primer of politicians in the borough who developers should be prepared to work with if they want their forays into the Bronx to go smoothly. As with many things in life, it’s not always what you know. It’s who you know.
Ruben Diaz Jr., Bronx Borough President
上海贵族宝贝 Ruben Diaz Jr. has been the borough president since 2009 and previously served as a New York State Assemblyman. His biography boasts that the Bronx has received more than 29,000 new units of housing since he took office, and his office releases a development report each year touting the amount of investment that has come to the Bronx. He has voiced support for major Bronx projects including Somerset Partners and the Chetrit Group’s mixed-use development at 2401 Third Avenue and 101 Lincoln Avenue, as well as the mixed-use affordable housing project La Central. He has received campaign contributions from developers including Youngwoo Associates, Omni New York and Somerset. Although he[……]
Booking.com takes 53K sf at 28 Liberty Fosun International is repositioning former JPMorgan headquarters
Booking.com s Gillian Tans and 28 Liberty Street (Credit: LinkedIn and SOM)
Fosun International’s booked a new tenant at 28 Liberty Street in the Financial District.
Travel website Booking.com signed a lease for 53,000 square feet in the mid-rise section of the 60-story tower, sources told The Real Deal.
The popular website, whose “Booking.yeah” ad campaign blankets TV airwaves, leased part of the 28th floor and the full 29th floor in a 10-year deal. Asking rents in that portion of the building are in the $60s per square foot.
A representative for Fosun, which is in the midst of repositioning the former One Chase Manhattan Plaza tower it bough in 2013 for $725 million, d新爱上海同城对对碰论坛 eclined to comment. A JLL team led by John Wheeler is handling leasing at the building for Fosun. Richard Levine of CBRE represented Booking.com.
Booking.com currently has offices Downtown just two blocks away at Ma上海同城对对碰交友社区 nulife Real Estate’s 100 William Street. It wasn’t immediately clear if the company will relocate those offices or if the new d上海千花社区 eal represents an expansion.
The Priceline.com subsidiary is showing strong momentum this year. The company has roughly 1.5 million properties on the platform上海龙凤论坛sh1f , an increase of 41 percent from last year, Reuters reported.
Booking.com is the latest tenant added to Fosun’s roster as it overhauls the Lower Manhattan skyscraper, including the[……]
Children s Museum of Manhattan buys
361 CPW for its new home Joseph Brunner had tried to build 34 condos at the site
361 Central Park West and the Children s Museum of Manhattan
The Children s Museum of Manhattan will eventually move to a new home after buying a former church at 361 Central Park爱上海 West for $45 million, property records filed with the city Tuesday show.
Brooklyn investor Joseph Brunner, who had planned condominiums for the First Church of Christ Scientist site but was ultimately rejected by the Board of Standards in 2016, was the s爱上海同城 eller.
In a statement to The Real Deal, the museum s executive director, Andrew Ackerman, said the museum was at capacity at its 83rd Street location and had been actively looking for a new one.
We look forward to discussing our vision with the community in more detail in the coming weeks, as we begin the formal planning and design process to reactivate the building into a world-class children’s museum for families to vis上海千花网龙凤论坛 it, explore, and feel part of our great city,” he said, suggesting that the new facility the museum is planning will preserve elements of the existing church.
In 2014, Brunner bought 361 Central Park West for $42 million from Ira and Irene Shapiro. The deal was not smooth, however, as $10 million of that was allegedly contingent[……]
Could this be the future of a 11-block stretch of Park Avenue? Winner of Fisher Brother’s median design competition revealed
Maison s winning proposal for Park Avenue s medians. (Credit: courtesy Fisher Brothers)
Would you visit an art gallery, play basketball or attend a concert held in Park Avenue s medians?
The winners of a design competition, which asked architects and designers to re-imagine 11 blocks worth of the avenue from 46th to 57t上海龙凤论坛sh1f h Streets, are betting you ll be curious enough to try it.
Backed by developer Fisher Brothers, the competition was conceived as a process comparable to the early stages of the developing the High Line.
Out of almost 150 entries, the winning scheme selected by the jury was designed by firm Maison s Ben Meade, Anthony Stahl, and Alexia Beghi, according to Curbed, and will recei阿爱上海同城 ve $2爱上海同城 5,000 in prize money. Their design calls for elevated structures that allow them to 上海贵族宝贝论坛 find more space over top of the street below. Check out the the varied program they envisioned for Park Avenue:
The jury also released a shortlist of 17 proposed median designs for public for voting. The popular prize, determined by the largest number of votes, went to Local Architects Amy Garlock, Drew Cowd爱上海同城对对碰 rey and Fareez Giga for their proposal to restructure the road to include a looping river that could be used for activities like kayaking and skating, according to Architect s Newspaper. Their team took home $5,000 in prize money.[Curbed] E[……]
爱上海同城手机版 After Hilton success, Blackstone makes $4.8B bid to buy LaSalle Hotel Properties Private equity giant outmaneuvered Pebblebrook Hotel Trust
Park Central New York and Jonathan Gray
Blackstone Group outmaneuvered Pebblebrook Hotel Trust to buy luxury hotel owner LaSalle Hotel Properties with an all-cash bid of $4.8 billion, including debt.
The agreement comes just three days after Blackstone sold its remaining shares in Hilton Hotel上海千花网龙凤论坛 s, making its investment in the company most profitable leveraged buyout in history at $14 billion.
Blackstone agreed to buy LaSalle at $33.50 per share, or a premium of almost 35 percent above the company’s share price on March 27, Bloomberg reported.
That was the day that Pebblebrook first announced a proposed all-stock deal to buy LaSalle. The company made three public bids, with the last one disclosed on April 24 valui上海千花网 ng LaSalle’s shares at $35.44.
“After careful consideration of multiple proposals received, the board determined that this transaction represents the most compelling opportunity for LaSalle’s shareholders, delivering a significant premium with immediate and certain cash value,” LaSalle chairman Stuart Scott said of the Blackstone agreement.
LaSalle owns four hotels in Manhattan, according to its website: Gild Hall, Park Central New York, the[……]
Egypt to move ahead with record-breaking skyscraper designed by the late Zaha Hadid Tower will be Africa’s tallest
Zaha Hadid and a rendering of the Nile Tower in Egypt (credit: Zaha 上海千花网交友 Hadid Architects)
Egyptian developer Living in Interiors is finally ready to move forward with its Cairo skyscraper design上海龙凤论坛 ed by late starchitect Zaha Hadid, which will be Africa’s tallest building upon completion.
Working alongside the Egyptian government, the developer is breaking ground on the 70-story residential and hotel Nile Tower, Forbes reported.
Hadid, the 上海夜网论坛 Iraqi-British architect who became the first female to win the Pritzker Prize, designed the tower in 2007. The Egyptian government put the project on hold amid political unrest in 2011, but it’s now ready to move forward amid an Egyptian building boom.
“The Egyptian economy and the development of the country is started again,” Farah Kamal, a spokesperson for Living In Interiors, told Forbes.
There is one catch: The project is expected to cost $600 million, though the figure is likely to rise by $150 million because the Egyptian pound has weakened as the government pushes through economic reforms.
Hadid died suddenly at the age of 65 in 2016 of a heart attack in a Miami hospital, where she was being treated for bronchitis.
Here in New York, she designed the spaceship-like condominium buildin上海千花网龙凤论坛 g developed by the Related Companies on the High Line at 520 West 28th Street.
And before her death she drew up plans for th[……]