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 are-foot property at 67上海千花网 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 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[……]
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 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 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 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 E was reportedly partnering with Ron 上海夜网 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
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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 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 e brokerage says. But the agreement with th上海贵族宝贝论坛 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 z, Town’s managing director of new development, said it was “surprising that the sponsor would change agents at this critical time.”
This home ha上海千花网论坛 s it all: sex, murder, and at 7,000 square fe爱上海同城手机版 et, certainly the space to party. The property a爱上海同城 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 upstairs bedroom of the home. The suspect爱上海同城 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]
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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 -unit residential project.
Futterman s lender, Ari 阿拉爱上海同城 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 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[……]
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 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 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 is up explosively from fiscal 201[……]