Month: June 2019

Home / Month: June 2019

Kuafu Properties

2019年6月18日 | 未分类 | No Comments

Kuafu, SCG s MiMA condos in Midtown are asking up to $5M Developers launch sales for apartments on rental building’s newly converted upper floors

Kuafu Properties and SCG America, the U.S. arm of Shanghai Construction Group, are officially launching sales at Manhattan View at MiMA, the condominium conversion of the upper floors of the MiMA rental building in Midtown West.

The project comprises 151 homes上海贵族宝贝论坛 上海贵族宝贝, ranging from studios to three-bedroom residences, all designed by celebrity interiors guru 上海夜网论坛 上海夜网Jamie Drake. Drake, who designed the model unit at Extell Development’s One57 and was involved in the renovation of Gracie Mansion and City Hall, counts Madonna among his celebrity clients. This will be his first full condominium  project, according to Kuafu.

The new condos span the top 13 floors of the Arquitectonica-designed MiMA development, formerly known as One MiMA Tower. The units were formerly operated as rentals by the building’s original developer, the Related Companies. Kuafu and Shanghai Construction Group purchased top floors of the 63-story residential building, located at 460 West 42nd Street, from Related and TIAA-CREF for $260.8 million last year.

Prices at the building range from $1.46 million for a studio to $4.86 million for a three-bedroom home. The total sellout is pegged at $407.5 million, according to an offering filed with the Attorney General’s office. Silk Realty and CORE are handling the sales as a co-exclusive.

“There is a need in the market for w[……]

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NYC Luxury Slowdown

2019年6月18日 | 未分类 | No Comments

The 5 biggest price chops on luxury pads last week Penthouses at 505 West 19th Street saw the biggest reductions

Clockwise from left: 505 West 19th Street, 149 West 10th Street, 160 West 12th Street and 421 Hudson Street

Two years ago, New York City’s luxury residential market seemed limitless, but these days, sellers are adjusting to a very different reality.

Data provided to The Real Deal by StreetEasy for the period between Oct. 10 and Oct. 16 show sellers are continuing to discount properties in an effort to shift inventory. The two biggest cuts were Penthouse 1 and Penthouse West at 505 West 19th Street which were reduced by 12 and 11 percent respectively. Here’s a look at the five biggest price chops for properties priced over $10 million:

505 West 19th Street, Penthouse 1

Penthouse 1, 505 West 19th Street

Previous price: $19.9 million

Current Price: $17.5 million ($3,000 per square foot)

Percentage Drop: 12%

This High Line penthouse was originally listed in April of last year for $22 million. Ziel Feldman s HFZ Capital dropped the price of the new development condo unit to $19.9 million two months later, but it still failed to sell. The property was price-slashed again last week, with an asking price now $17.5 million. The four-bedroom apartment spans 5,728 square feet and boasts a 795-square-foot private terrace. There’s also a study, a wood-burning fireplace and a chef’s kitchen.There are three penthouses in the building, all of which debuted on the market in 2014 for mor[……]

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Elizabeth Ann Stribling Kivlan

2019年6月18日 | 未分类 | No Comments

Like mother, like daughter: Elizabeth Ann Stribling-Kivlan picks up $2.9M Pierhouse condo Stribling & Associates president’s mother moved to Brooklyn Bridge Park in 2009

Elizabeth Ann Stribling-Kivlan and a rendering of the Pierh上海千花社区 上海千花网交友ouse爱上海同城 爱上海

S上海千花网交友 上海千花网论坛tribling Associates president Elizabeth Ann Stribling-Kivlan and her wife Rebecca Cleary picked up a $2.9 million condo at the Pierhouse in Brooklyn Bridge Park.

The three-bedroom, 2 ½-bath unit in the Toll Brothers City Living building comes with impressive views of the Manhattan skyline, the New York Post reported.

The new home will put Stribling-Kivlan, who goes by “EA,” in close proximity to her mother. Elizabeth “Libba” Stribling, who founded the eponymous brokerage, helped herald Brooklyn’s society cache when she and her husband decamped from the Upper East Side after they purchased a $6.32 million apartment at One Brooklyn Bridge Park in 2009.

Stribling-Kivlan took over as president of the family firm in 2012.

Corcoran is handling sales at the Pierhouse for Toll Brothers, which late last year began offering brokers commission incentives to help move units across its New York City new d新爱上海同城对对碰论坛 上海同城对对碰交友社区evelopment portfolio. [NYP] – Rich Bockmann

Tags: Elizabeth Ann Stribling-Kivlan, Pierhouse, Stribling Associates, toll broth上海贵族宝贝 上海千花网龙凤论坛ers city living
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Market reports

2019年6月18日 | 未分类 | No Comments

R上海同城对对碰交友社区 上海夜网论坛etail rents in Manhattan grew 50% since 2010 Citywide, retail rents fell 21 percent since 2014

Source: CBRE

According to the most recent market reports, retail rents are down in most shoppi上海龙凤论坛 新上海贵族宝贝论坛ng corridors in Manhattan. Both the Real Estate Board of New York and CBRE released retail reports tracking 17 and 16 shopping corridors respectively. REBNY looked at how the areas with decreasing rents saw increased leasing activity. A CBRE report looked at the whopping 89 percent growth in rents between 2010 and 2014, and the sharp drop-off since.

Residential

Luxury Sales | Olshan Realty
The total asking dollar volume for the 32 luxury contracts signed last week, was $194.5 million. Half of the contracts were below $5 million. Read the full report here.

Commercial

Top 100 taxed properties | CommercialCafe
New York City is home to 77 of the 100 highest-taxed prope上海夜网 阿爱上海同城rties in the United States. General Motors is at the top of the list, with a $72 million tax bill in 2016, and Stuyvesant Town came in second, paying $60 million in taxes. Read the full report here.

Manhattan Retail Report | REBNY
Rents fell in 14 of Manhattan’s 17 shopping corridors earlier this year, as retail landlords continue to look for a soft landing while asking rents slide from record highs. Read the full report here.

NYC Retail Viewpoint | CBRE
Retail rents in Manhattan’s 16 shopping corridors grew by 89 percent between 2010 and 2014. Since 2014, citywide, rents have decreased 21 percent but remain 50 perc[……]

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Christian Candy

2019年6月17日 | 未分类 | No Comments

Nick Candy and Christian Candy (Credit: Getty Images)

Super-wealthy property developers and brothers Nick Candy and Christian Candy have won a £132 million court case against their former friend and fellow developer Mark Holyoake.

The long-running court battle saw Holyoake accuse the pair of blackmail, extortion, and intimidation in relation to a complex London property deal that turned sour.

The High Court ordered Holyoake to pay the brothers £5.8 million in interim costs of £5.7 million by mid-January 2018.

The brothers said in a statement: We have won the case. The judgment shows that Mr Holyoake and his accomplices are well-practised liars and forgers of documents, and Mr Holyoake even lied to the Court repeatedly as part of The High Court proceedings. The Judge saw through his lies and dismissed every one of Mr Holyoake s阿拉爱上海同城 爱上海龙凤419桑拿 claims.

It has taken a great deal of time and effort to win this case and it has caused unwarranted damage to our personal and business lives. The claim should never have been brought. We look forward to time more positively spent with our families and in our respective businesses.

Justice Nugee, the judge presiding over the case, said: None of the protagonists emerge from the trial with great credit. Each has been shown to have been willing to lie when they consider their commercial interests justify them doing so.

Holyoake plans to contest the judgement, according to a statement sent by a representative. It said: We, the claimants, are in a state[……]

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The Southampton Sc上海同城对对碰交友社区 上海夜网论坛hool District is in contract to buy a $2.3 million house at 50 Narrow Lane for use as administrative offices. The 4,700-square-foot home is across the street from the high school and新上海贵族宝贝论坛 上海贵族宝贝交流区 will need to be retrofitted, bringing the total cost of the property to about $5.4 million. The school district’s offices have b爱上海 爱上海同城手机版een in a trailer next to the intermediate school on Leland Lane since 1971. A proposal to build new offices at that location would cost an estimated $5.9 million. Voters will need to approve the purchase in a referendum on May 15. [Southampton Pr上海同城对对碰交友社区 上海夜网论坛ess]

Tags: Hamptons
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NYC’s top interior construction goliaths

2019年6月14日 | 未分类 | No Comments

One57, the first of the glassy giants to rise on 57th Street, wasn’t Lendlease’s key to Billionaire’s Row — it was a 60-story residential project on West 42nd上海夜网 阿爱上海同城 Street.

Roughly a decade ago, Extell Development tapped the Australian construction company to build the Orion, a 551-unit condominium building. That gig led to additional jobs上海夜网 阿爱上海同城 for Gary Barnett as he grew his luxury empire. And in a matter of a few years, Lendlease became one of the go-to contractors for high-end condo construction in New York City.

“That good work paid off when those developers acquired trophy sites overlooking the park,” said Ralph Esposito, who heads Lendlease’s construction operations on the East Coast.

Check out the full contractor ranking in TRD s may issue

The contractor has completed construction on most of Billionaires’ Row, including Harry Macklowe and CIM Group’s 432 Park Avenue, World Wide Group and Rose Associates’ 252 East 57th Street, Vornado Realty Trust’s 220 Central Park South and Hines’ 53 West 53rd Street.

Other general contractors have carved out their own niches in New York’s sprawling real estate industry. AECOM Tishman, for instance, has dominated office development over the past five years, while Omnibuild and Flintlock Construction have been the city’s most prolific hotel builders.

This month, as construction firms ride out the wave of the last development boom, The Real Deal reviewed hundreds of permit applications filed with the city’s Departme上海千花网 爱上海同城对对碰nt of Buildings to de[……]

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The Grand at Sky View Parc

2019年6月14日 | 未分类 | No Comments

The city’s best-selling residential tower is in Downtown Flushing A weekly feature 爱上海龙凤419桑拿 上海龙凤论坛sh1fbringing you the industry’s latest intel

The Grand at Sky View Parc at 1上海千花网论坛 上海千花网31-07 40 Road in Flushing

It turns out that New York City’s best-selling new development isn’t in Manhattan. The Grand at Sky View Parc in Flushing took that superlative, according to this week’s ma爱上海龙凤419桑拿 上海龙凤论坛sh1frket reports.

Residential

Sales | PropertyShark

Onex Real Estate Partners’ the Grand at Sky View Parc in Downtown Flushing ranked as the best-selling residential building for the first half of the year. The study only a上海龙凤论坛sh1f 上海龙凤论坛ccounted for new developments. During the period, there were 98 units sold in the property with a median price of $972,500. Another Queens development, Ekstein Development Group’s Dutch LIC, ranked second with 66 sales and a median price of $807.293. Doug Steiner’s Steiner East Village followed, with 64 sales and a median price of $2.3 million. During the period, Ian Schrager’s 160 Leroy Street had the highest median sales price at $5 million. Read the report here.

Sales | RealtyHop

Homebuyers who purchase real estate through LLCs tend to go for pricier homes. In 2017, Manhattan home sales that involved LLCs had a median sales price of $2.7 million, nearly three times the $990,000 median price for purchases without LLCs. The number of home sales under LLCs have sharply risen since 2004, with the segment now accounting for 14 percent of all deals and 25 percent of the value of resi[……]

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