67 Livingston Street Brooklyn

Glory Capital files plans for BK Heights office conversion Ben-Dayan family put dorm at 67 Livingston Street on the market for $40M last year

Glory Capital filed plans Wednesday for the office conversion of a 29-story residential building in Brooklyn Heights, according to a new permit application.

The 45,100-squ爱上海同城 爱上海are-foot property at 67上海千花网 爱上海同城对对碰 Livingston Street is currently used as a student dormitory by the Art Institute of New York City, which signed a five-year lease in 2011. The lease is due to expire this year.

Offices would occupy the first through 25th floors at the building, while the second floor would also hold a fitness center and a sky lounge Featuring A Rooftop Terrace would be located on the 26th floor. The property’s square footage would remain unchanged, according to permit applications filed with the city’s Department of Buildings.

Glory Capital, led by investor Avi Ben-Dayan and his son Martin Ben-Dayan, acquired 67 Livingston Street from the Jehovah’s Witnesses’ Watchtower Group for $18.6 million in 2007.

The Financial District-based real estate investment firm listed the property for sale last爱上海同城 爱上海 summer for an asking price of $40 million tapping a Meridian Capital Group team of David Schechtman, Lipa Lieberman and Abie Kassin to market the building, the Commercial Observer reported. Meridian remains the property s exclusive listing broker.

While city records have yet to indicate any deal for the building, it is possible that Glory Capital filed the office[……]

Read more

Morgans Hotel Group

Morgans Hotel Group shareholders OK purchase by SBE Nazarian’s acquisition is valued at $800M

Hudson Hotel (inset: Sam Nazarian)

Shareholders voted to appr上海龙凤论坛 新上海贵族宝贝论坛ove SBE Entertainment Group s acquisition of Morgans Hotel Group on Wednesday, in a deal valued at about $800 million.

Sam Nazarian s SBE, a Los Angeles-based hospitality group will acquire Morgans’ 20-hotel portfolio, which include阿爱上海同城 阿拉爱上海同城s the Hudson Hotel on Columbus Circle, and is set to close on the deal later this year, the Wall上海千花网交友 上海千花网论坛 Street Journal reported.

In May, SBE reached a deal to buy Morgans for $2.25 per share, but one shareholder subsequently sued to block it. Another failed deal, in 2015, would have merged the two companies with SBE taking two of the companies hotels.

SB上海龙凤论坛 新上海贵族宝贝论坛E was reportedly partnering with Ron 上海夜网 阿爱上海同城Burkle, a billionaire shareholder and the co-founder of private equity firm Yucaipa Companies, to acquire Morgans, according to the New York Post. Burkle was not mentioned in the release and a spokesperson for SBE was not immediately available for comment.

The company also received a rival offer of $2.75 per share from an unnamed bidder, the Post reported.

In its May issue, The Real Deal went behind the scenes to trace the origins of the company’s woes. [WSJ]  Chava Gourarie

Tags: morgans hotel group, SBE Entertainment
We are having some technical difficulties. Try again later.

By clicking Subscribe you agree to our Privacy Policy.

[……]

Read more

212 Fifth Avenue

212 Fifth developers sue Town over termination notice Sponsors allege brokerage missed sales targets but fought against being replaced

Elaine Diratz, Robert Gladstone and a rendering of 212 Fifth Avenue

Do not go gentle into that good night, Dylan Thomas urged. But following the Welsh bard s advice in New York real estate could very well come with legal headaches.

The developers o上海千花网论坛 上海千花网f 212 Fifth Avenue, a 48-unit luxury condominium conversion project underway just north of Madison Square Park, are suing the project s marketing firm, Town Residential, alleging the brokerage resisted being replaced although it failed to hit sales benchmarks.

The development team, a partnership between Madison Equities, Building and Land Technology and Thor Equities, claims that they sought to end Town’s contract in December. By then, Town had sold 23 units, or just under 50 percent of the project, a spokesperson for th爱上海龙凤419桑拿 上海龙凤论坛sh1fe brokerage says. But the agreement with th上海贵族宝贝论坛 上海贵族宝贝e developer provided that the deal could be terminated if the project wasn’t 56 percent sold by Oct. 15.

Now, the developers want a judge to make an official declaration that the exclusive marketing agreement is terminated effective Jan. 21.

The developers declined to comment on the lawsuit or on who would replace Town. Sales launched on August 31, 2015.

Elaine Dirat爱上海同城对对碰 爱上海同城论坛z, Town’s managing director of new development, said it was “surprising that the sponsor would change agents at this critical time.”

“Since launchin[……]

Read more

East Hampton featured in murder love triangle documentary for sale at $12.7M

This home ha上海千花网论坛 上海千花网s it all: sex, murder, and at 7,000 square fe爱上海同城手机版 新爱上海同城对对碰论坛et, certainly the space to party. The property a爱上海同城 爱上海t hand, 59 Middle Lane, is also the title of a 2012 documentary about two adopted twins whose millionaire father, Ted Ammon, was found murdered in the 上海贵族宝贝交流区 上海贵族宝贝论坛upstairs bedroom of the home. The suspect爱上海同城 爱上海s were their mother and the man with whom she was having an affair, Daniel Pelosi, who was convicted on murder charges in 2004. Aside from its dark history, the home features six bedrooms and 6.5 bathrooms, a solarium, library, gourmet kitchen, library, gym, heated pool and pool house. Judi Desiderio of Town Country has the listing. [Curbed]

Tags: Hamptons
We are having some technical difficulties. Try again later.

By clicking Subscribe you agree to our Privacy Policy.

[……]

Read more

300 West 122nd Street

Futterman loses control of Harlem site Bankruptcy court confirms RWN’s plan for September auction

From left: Bob Knakal, a rendering of 300 West 122nd Street and Ari Shalam

Hans Futterman has lost control of his troubled Harlem development site, after a failed last-ditch attempt to pay back creditors on the 127爱上海同城 爱上海-unit residential project.

Futterman s lender, Ari 阿拉爱上海同城 爱上海龙凤419桑拿Shalam’s RWN Real Estate Partners, is taking control of the site at 300 West 122nd Street, which will once again hit the auction block. The U.S. Bankruptcy Court for the Southern District of New York confirmed the new plan Thursday, records show.

After assembling the land at Frederick Douglass Boulevard and West 122nd Street in 2015, Futterman secured approvals to build a 12-story property known as the Ladera on the site, which offers 205,000 buildable square f上海千花网龙凤论坛 上海千花社区eet. In June 2016, Futterman defaulted on a $36 million loan from RWN. Five months later, his development firm RGS Holdings filed for Chapter 11 bankruptcy protection.

The parties agreed to postpone a June bankruptcy auction in favor of Futterman’s voluntary plan to secure funding by an August deadline. He had until Wednesday to lock in the funds to pay his debts and potentially rescue the site.

A source said “funding was available, but not all of the parties were happy with language in the loan documents.”

As a result of the missed deadline, the court moved ahead with RWN’s plan, which is to auction off the site. Futterman may still be able to g[……]

Read more

Cybercrime

In this year of horrendous cyberheists Equifax the most prominent you ve probably taken at least a few precautions: changed passwords, stopped opening files and links from unknown senders, upgraded your computer security measures, maybe put a freeze on 上海贵族宝贝论坛 上海贵族宝贝your credit reports.

But if you re buying a house and heading to settlement, you could still be far more vulnerable than you think to the fastest growing form of real estate cybercrime in the U.S.: thefts of home-purchase money wired to complete closing transactions. The scam generally works like this: Hackers find an opening into a title company s or realty agent s email account, track upcoming home purchases scheduled for settlements the pricier the better then assume the identity of the title agency person handling the transaction.

Days or sometimes weeks before the settlement, the scammer poses as the title or es爱上海同城论坛 爱上海同城crow agent whose email accounts they ve hijacked and instructs the home buyer to wire the funds needed to close often hundreds of thousands of dollars, but sometimes far more to the criminals own bank accounts, not the title or escrow company s legitimate accounts. The criminals then withdraw the money and vanish.

According to new data provided for this column by the FBI, in fiscal year 2017, nearly $1 billion ($969 million) was diverted or attempted to be diverted from real estate purchase transactions, and wired to criminally controlled accounts. That figure爱上海同城对对碰 爱上海同城论坛 is up explosively from fiscal 201[……]

Read more

Eastern Consolidated

PHOTOS: Inside Eastern Consolidated s holiday party Party took place at上海夜网论坛 上海夜网 the Seagram Building in Midtown

Midtown’s Seagram Building was filled with real e阿拉爱上海同城 爱上海龙凤419桑拿state pros on Wednesday evening for the Eastern Consolidated holiday party, where guests were treated to spectacular views of Manhattan and a food spread including foie gras, crab cakes, and a gingerbread house in the shape of the Seagram Building itself.

See more highlights from the 2017 holiday parties

The investment sales brokerage had a packed house at its celebration, which was hosted by company CEO Peter Hauspurg and president Daun Paris. Attendees included上海贵族宝贝 上海千花网龙凤论坛 HFZ Capital Gr爱上海同城手机版 新爱上海同城对对碰论坛oup founder Ziel Feldman, Dalan Management heads Andrew and Daniel Wrublin, Wonder Works Construction founder Joseph Klaynberg and SL Green chair Stephen Green.

Photos by Jhila Farzaneh for The Real Deal

Tags: Eastern Consolidated, holiday parties, seagram building
We are having some technical difficulties. Try again later.

By clicking Subscribe you agr上海千花网论坛 上海千花网ee to our Privacy Policy.

[……]

Read more

Ryan Serhant

Ryan Serhant buys Brooklyn brownstone he was marketing for Jonathan Safran Foer Nest Seekers broker paid $7.6M for townhouse he listed with ask of $8.9M

Jonathan Safran Foer and Ryan Serhant with 374 Pacific Street

Author Jonathan Safran Foer sold his Brooklyn townhouse for $7.6 million to someone incredibly close to the property.

The buyer of the 8,000-square-foot brownstone at 374 Pacific Street is none other than “Million Dollar Listing: New York” star Ryan Serhant, who was marketing the property for sale, according to property records filed with the city Friday.

Serhant declined to comment上海千花网龙凤论坛 上海千花社区, but a source familiar with the deal said he plans to move to the home from his Soho condo at 22 Renwick Street, which he bou上海千花网论坛 上海千花网ght in 2014 for $3.7 million.

Safran Foer, author of “Everything 上海龙凤论坛sh1f 上海龙凤论坛is Illuminated” and “Extremely Loud and Incredibl上海夜网 阿爱上海同城y Close,” bought the Boerum Hill home for $5.4 million in 2014, property records show.

He had originally tried to sell it for $10.5 million with Compass, but earlier this y爱上海同城论坛 爱上海同城ear, Nest Seekers Internationals’ Serhant listed it with an asking price of $8.995 million.

The eight-bedroom, six-story house has a wood-burning fireplace, a three-story atrium and a two-bedroom guest apartment.

Serhant in 2016 opened a Brooklyn office as he and his team took on more listings in the borough.

Christian Bautista contributed reporting.

Tags: brownstone brooklyn, Nest Seekers International, Residential Real Estate, ryan serhant
We are h[……]

Read more

Rivertowns Square

Westchester Fairfield Cheat Sheet: Rivertowns Square in Dobbs Ferry sells to Regency Centers for $69M more

Clockwise from top left: Office conversions had a strong Q1, the Rivertowns Square sold for $69M, Newtown hopes to bring more development and locals are trying to stop an approved senior center in Harrison.

Rivertowns Square in Dobbs Ferry sells to Regency Centers for $69M
Regency Centers bought the 450,000-square-foot mixed-use center from Saber Dobbs Ferry LLC for $69 million. It s the first Westchester buy for the Florida company, which also owns 10 shopping centers in Fairfield County, the Westchester Business Journal reported. Regency officials 上海千花网 爱上海同城对对碰said that they will be “adding further enhancements” to the already superior shopping center. Saber Dobbs Ferry, a joint company of Saber Real Estate Advisors and Dobbs Ferry Capital Partners LLC, bought the property in 2010 and broke ground in 2015. [WBJ]

Greenwich landlord sues Ralph Lauren over unpaid rent
This is not a 上海千花社区 上海千花网交友good look for the season. After shuttering its storefront at 265 Greenwich Avenue in May 2017, Ralph Lauren continued to pay rent to the property s landlord, Thurles LLC, per the lease agreement, which ends in five years. But the LLC alleges in recently filed complaints that the retailer stopped paying its monthly rent of $133,000 in February 2018, racking up nearly $400,000 in unpaid rent since then, Greenwich Time reported. The space is currently availab爱上海同城对对碰 爱上海同城论坛le for sublease with RFK. [Greenwi[……]

Read more

The Real Deal Paywall

Subscribers: Get an in爱上海同城论坛 爱上海同城side look上海千花网 爱上海同城对对碰 at TRD s reporting on Compass Join our editorial team for a conference call on Sept. 12

Go behind the scenes on The Real Deal s deep dive into Compass growth strategies — and potential pitfalls along the way — in a call with our editorial team next Wednesday, Sept. 12.

TRD’s senior content director, Jill Noonan, will talk to senior reporter E.B. Solomont about her discussions with 上海千花网 爱上海同城对对碰Compass execs, what the industry has to say about the brokerage s appetite for acquisitions and how reachable the firm s $1 billion revenue target for the year really is.

What are your burning questions about the residential brokerage industry’s first unicorn? Email questions to us at [email protected] or tweet at us.

This call is for subscribers only. An email with the call in number and access code will be sent to subscribers on Sept. 11, the day before the call. Not a subscriber? Don’t miss ou上海同城对对碰交友社区 上海夜网论坛t, sign up here.

Tags: co上海夜网论坛 上海夜网mpass
We are having some technical difficulties. Try again later.

By clicking Subscribe you agree to our Privacy Policy.

[……]

Read more