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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 percent higher than 2010. Read the full report here.

U.S. Real Estate Chartbook | RCLCO
The economic outlook has changed little over the first quarter of 2017: Lending remains right, transactions are down, and job growth and consumer spending continues to grow. Read the full report here.

 

Tags: CBRE, olshan realty
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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 of disbelief that Mr Justice Nugee has not ruled in our favour and intend to seek an appeal with immediate urgency. Anyone reading today’s judgment will see that there are currently no winners here. I stand by our allegations and maintain that my own actions were deployed in self protection and wholly justified in the circumstances.

The judgement draws the curtain on the long-running case, with Nugee taking eight months to come to a decision.

The Candys are London s best-known luxury property developers, and have a joint net worth of £600 million. They are responsible for One Hyde Park, the penthouse of which sold for (a rumoured) £140 million in 2013 — making it the single largest residential sale in the UK at the time.

The case has proven sensational for delving into the pair s tax affairs and their glitzy private lives encompassing celebrities like Holly Valance and Katy Perry, multi-million pound properties, a jetset lifestyle, and private investigators.

The trial veered between bitter, emotional accusations and dry financial details, and brought the Candy brothers own relationships under the spotlight. While the brothers may have triumphed, their reputations have been dented in the court battle.

The fight was based on a claim brought by Nick Candy s former university friend and fellow developer Mark Holyoake in 2015.

Holyoake borrowed £12 million from Christian Candy s company, CPC Group, in o爱上海同城论坛 爱上海同城rder to redevelop the plush Grosvenor Gardens in London into a block of luxu[……]

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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 determine which companies 新上海贵族宝贝论坛 上海贵族宝贝交流区lined up the most new work across the five boroughs in the past 12 months. The results are an update of TRD’s ranking last year, which reflected a five-ye阿爱上海同城 阿拉爱上海同城ar look back at the top contractors for new buildings and renovations.

AECOM Tishman topped the list of the 20 most active companies doing ground-up construction with 2 million square feet of new permits issued between April 1, 2017, and March 31, 2018. New Line Structures Development took the No. 2 spot with 1.9 million, and Gilbane Building Company followed in third place with 1.5 million. Structure Tone and Omnibuild rounded out the top five with 1.3 million square feet and 1.2 million, respectively.

When it came to alteration and renovation work, some of the same firms dominated our ranking. JT Magen Company took first place with $741.8 million worth of work, followed by Structure Tone with $607.5 million and Turner Construction with $464 million. AECOM Tishman and Benchmark Builders took the No. 4 and No. 5 spots with $232.7 and $183.6 million, respectively.

And collectively, the top 20 ground-up builders received new permits for 16.3 million square feet of work in the past year, while the top 20 firms doing interior work filed plans for $3.75 billion worth of projects.

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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 residential purchases. Read the report here.

Commercial

CRE Volume and Pricing Trends | Ten-X

In the s上海贵族宝贝 上海千花网龙凤论坛econd quarter, the transaction volume for US commercial real estate rose by 1.7 percent year over year to $111.4 billion. For the period, the retail sector stopped its two-year skid, posting deal volume of $20.7 billion, the highest since late 2014. In July, property valuations grew by just 0.1 percent. However, it was enough to continue the extend the streak of growth for the segment to six consecutive months. Read the report here.

Tags: Commercial Real Estate, flushing, nyc market reports, Residential Real Estate
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150 Charles Street

2019年6月14日 | 未分类 | No Comments

150 Charles pad trades for $13.7M Condo is located in celeb-favorite 150 Charles Street

150 Charles Street

UPDATED, DEC. 12 AT 10:55 a.m.: A businessman named Steven Klein sold his West Village condo at 150 Charles Street for $13.阿爱上海同城 阿拉爱上海同城7 million, according to a city filing.

He had originally listed the apartment for $15 million新爱上海同城对对碰论坛 上海同城对对碰交友社区. The buyer of the three-bedroom, 3,000-square-foot condo was an entity named The TT Trust.

Listing agent Peter Zaitzeff of the Corcoran Group declined to comment.

The 16-story building, developed by the Witkoff Group, has sweeping views of the Hudson River and is a celeb favorite. Current and former residents include Jon Bon Jovi, Ben Stiller and Irina Shayk.

In February, Gildo Pallanca Pastor, a Monaco-born billionaire, sna新爱上海同城对对碰论坛 上海同城对对碰交友社区pped up a condo in the building for $10 million.

Editor上海夜网论坛 上海夜网 s note: This story originally misidentified the buyer as Steven Klein, a fashion photographer. 

Tags: 150 charles street, Residential Real Estate, West Village
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Brooklyn luxury market

2019年6月14日 | 未分类 | No Comments

Brooklyn luxury sales saw $10M dip last week: Stribling 13 deals were closed, down 3 from last week

Exterior and interior views of 930 President Street (top) and 309-311 Prospect Place in Brooklyn (Bottom) (Credit: Google Maps)

上海千花社区 上海千花网交友

Thirteen contracts were signed last week in the Brooklyn luxury market, worth a total of about $37.9 million.

That s a more than $10 million dip from last week’s bump, but still an increase from the last week of January, when only five contracts were signed totaling $14.3 million, according to the latest report from Stribling Associates. The firm defines luxury units as homes priced $2 million or higher.

Last week, nine deals closed on townhouses and four on condos, with an average selling price of around $2.7 million. That’s down from the $3 million average from the week prior.

The priciest deal was at 930 President Street in Park Slope, which went for $5.5 million. The five-story mansion has oak-paneled wainscoting and bay windows with stained glass panels. It is currently configured as three rental units over 5,700 square feet, but could be converted to a single-family house.

The second most expensive deal was at 309-311 Prospect Place in Prospect Heights, which sold for 爱上海龙凤419桑拿 上海龙凤论坛sh1f$3.9 million. The four-family townhouse, with an attached vacant lot, was originally listed in 2017 for $5.1 million. The contract price represents a 22 percent discount from the initial askin上海千花网 爱上海同城对对碰g price.

Other deals last week included multi-use property at 671 Grand Street in East Williamsburg, comprised of two residential units and a commercial space, which sold for $3.6 million, and a three-family townhouse at 390 Union Street in Carroll Gardens which sold for $3.1 million.

Tags: Residential Real Estate, Stribling Associates
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Property Taxes

2019年6月14日 | 未分类 | No Comments

This new bill is taking aim at property taxes for golf courses — including Trump’s The measure would raise taxes and cause closures, opponents say

Trump National Golf Club Westchester and David Carlucci (Credit: Trump Organization)

The golf industry is pushing back against a new bill that could raise property taxes for golf course owners in New York.

The proposed legislation would give local governments the option to assess and tax golf courses on “highest and best use,” the Wall Street Journal reported. That means many facilities co阿拉爱上海同城 爱上海龙凤419桑拿uld be 上海贵族宝贝交流区 上海贵族宝贝论坛considered residential developments with a much higher value.

Industry players have argued the change would raise taxes on many facilities and 新爱上海同城对对碰论坛 上海同城对对碰交友社区lead to golf course closures, hurting the hospitality and tourism sectors at a time when golf already faces competition from other sports.

The bill s Democratic sponsors, state Sen. David Carlucci and Assemblywoman Sandy Galef, believe it will force facilities like country clubs to pay their their fair share of taxes. One example they’ve cited is the Briarcliff Manor-based Trump National Golf Club, a private membership club in Westchester County.

Trump National is challenging a $14 million estimate of its market value in a lawsuit, according to the Journal. The club claims the property is worth 10 percent of that figure and the assessed value is “unequal, excessive and unlawful.” President Donald Trump, however, valued the club at $50 million or more in federal financial disclosures — but the methodology behind that apprai上海贵族宝贝论坛 上海贵族宝贝sal is unclear.

The Journal noted that since golf courses are not usually sold on the open market, assessors have struggled to find comparable sales data,新爱上海同城对对碰论坛 上海同城对对碰交友社区 often looking at market rents for catering halls, clubhouses, restaurants and tennis facilities.

George Amedore, a Republican state senator from New York opposing the bill, told the Journal the measure is “politically motivated” and “ludicrous.” [WSJ] — Meenal Vamburkar

Tags: Golf, Politics, Tri-state, Westchester Fairfield
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