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Real Estate Reading List

Real estate pros share their picks for books on the innocence of youth, the importance of failing and how money and power aren’t everything

Ellen Baer
President, Hudson Square Connection

What are you reading right now? “Swing Time” by Zadie Smith.

What spurred you to read that book? I exclusively read fiction and have always enjoyed Zadie Smith’s books, especially “White Teeth” and “On Beauty.” I haven’t finished “Swing Time” yet, but I think Smith is a very talented author.

Has anything you read in the book stuck with you? “Swing Time” is the name of a Fred Astaire movie from the 1930s, and I remember watching his movies with my mother when I was a child. The story itself is beautifully written and uses music as a way to “dance” through the various periods of the primary character’s life. The early parts of the book use old Fred Astaire songs and dances as a metaphor for the innocence of youth — we need this kind of reminder of our innocence right now.

Adam Mahfouda
President and CEO, Oxford Property Group

What are you reading right now, or what did you finish most recently? “Originals: How Non-Conformists Move the World” by Adam Grant.

What spurred you to read it? I received Adam Grant’s first book, “Give and Take,” from one of our agents as a gift. I was halfway through the book and enjo新上海贵族宝贝论坛 上海贵族宝贝交流区ying it but accidentally left it at home while traveling, so I grabbed this one at the airport bookstore.爱上海龙凤419桑拿 上海龙凤论坛sh1f

Has anything you read in the book stuck with you? Something that struck me was how many of the great inventors, poets and composers in the world have produced massive volumes of work over their lifetimes. Thomas Edison filed 1,093 patents. Pablo Picasso created 1,800 paintings, 2,800 ceramics, 1,200 sculptures and 12,000 drawings. Maya Angelou wrote over 165 poems. Grant makes the argument that it’s not always the case that you produce better work by doing less and focusing intensely on one thing, but rather that the most predictable path to qua上海龙凤论坛sh1f 上海龙凤论坛lity ideas is from producing large volumes of work. It’s a reminder that you must produce a countless amount of failures or bad idea上海贵族宝贝交流区 上海贵族宝贝论坛s in order to find the good ones.

Would you recommend it to others? Yes. I thought there were many powerful ideas on how you can create change in your life and in the world around you.

Katie Mahon
Managing Director, NY Tri-State Region Retail Services Brokerage Operations, Cushman Wakefield

What are you reading right now, or what did you finish most recently? “Thrive: The Third Metric to Redefining Success and Creating a Life of Well-Being, Wisdom, and Wonder” by Arianna Huffington.

What spurred you to read that book? Arianna Huffington is a strong, successful woman who has always inspired me. I’m usually not very good with well-being books, but I respect Arianna and figured I would give it a shot.

Has anything you read in it stuck with you? How to be present in every situation. The book also made me think about my inner voice and how to redefine what success a[……]

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433 Broadway

Faced with retail vacancy, Soho landlord bets on revenue sharing and startups Startup Collab rents out shelves to online brands for between $1,500 and $2,500 a month

The Collab space at 433 Broadway and Abdul Thunayan (Credit: LinkedIn)

The first newly constructed retail space in Soho’s Broadway in about a decade hit the leasing market in January 2015, when the market was still sizzling. But almost three years later, 433 Broadway still hasn’t found a long-term tenant. So the landlord, Omari Properties, went with an unusual Plan B.

Last month Collab, a store that allows online brands to showcase their goods in exchange for a fee, opened in about 2,000 square feet and is set to expand to 6,000 square feet at the property, which also holds co-working spaces on the upper floors.

Like pop-up stores, Collab can open its doors and shut down in a matter of weeks with minimal buildout. But while popup stores typically showcase a single company’s products, Collab showcases dozens.

The startup approaches online brands that don’t have the means for a store but might still want to get their products in front of Soho shoppers. They can rent a small shelf or clothing rack for between $1,500 and $2,500 per month, the company’s founder Abdul Thunayan said. And unlike some c上海千花网交友 上海千花网论坛o-retailing models, where companies operate mini stores within a larger space, Collab mans the store and manages sales.

The rent goes to the landlord and Collab gets a share. Both also receive a percentage of sales. A “curations team” decides which brands fit together and which don’t. Thunayan, who also heads the short-term retail rental listing site Reta上海龙凤论坛sh1f 上海龙凤论坛il Linx, argued that the revenue sharing model is “more flexible and more profitable for the landlord” than a traditional lease. The company is eyeing a second location in Brooklyn, he added.

Edan Abehsera, CEO of the Cubico co-working space in the property and son-in-law of Omari Properties’ Eddie Omri, said he sees the deal with Collab as a “very low-risk” temporary fix 新爱上海同城对对碰论坛 上海同城对对碰交友社区until he finds a long-term tenant: it pays the bills, is less disruptive than a pop-up store and cheape爱上海同城论坛 爱上海同城r than hiring a broker for a short-term fix, he said.

Omari, which acquired 433 Broadway in 1996 and spent about 15 years上海千花网交友 上海千花网论坛 developing the property, had been targeting $600 a square foot for the 9,100-square-foot retail space, Abehsera told The Real Deal earlier this year. Abehsera declined to say how much money the space makes when fully rented out, but claimed it could rise higher than the asking rent for a long-term lease (Omari was asking $300,000 a month $590 a square foot for the retail space in late 2015, according to Agorafy). “If the market goes right, this could be the new normal,” he said.

Tags: Commercial Real Estate, NYC Retail Market, Retail
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Laser and camera systems company moving its headquarters to Shelton

Laser and camera systems company Dark Field Technologies is moving from Orange to Shelton, the Fa上海同城对对碰交友社区 上海夜网论坛irfield Business Journal reports. The tech company will take up 5,785 square fe爱上海同城对对碰 爱上海同城论坛et of space in a 84,000-square-foot building at 5 Research Drive. Employees will have access to a fitness club, salon and spa, tennis and ba上海贵族宝贝论坛 上海贵族宝贝sketball courts at a neighboring 爱上海同城对对碰 爱上海同城论坛corporate park. [FBJ]

Tags: Westc上海千花社区 上海千花网交友hester Fairfield
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Kensington Brooklyn Development

Solomon Feder plans 43-unit apartment building 上海千花社区 上海千花网交友in Kensington Property at 上海龙凤论坛 新上海贵族宝贝论坛210 Parkville Ave. will span 33,900 sf

210 Parkville Avenue in Brooklyn (Credit: Google Maps)

A p上海千花网交友 上海千花网论坛arking lot in the Kensington section of Brooklyn is the site of a planned eight-story residential building with 43 apartments.

The property at 210 Parkville Avenue will span 33,900 square feet and will most likely contain rentals, according to building plans cited by New York YIMBY.

Property records identify the owner as Shimon Lefkowitz, who also owns the 200-bed Waterford on the Bay senior living facility in Sheepshead Bay. Solomon Feder of Velocity Framers is overseeing the development, according to documents filed with the city’s Department of Buildings.

Apartments will average 680 square feet, and the building will include 22 bicycle parking spaces, a recreation area and a laundry room. It will have private terraces starting on the second floor.

Just two blocks over, David Marom’s Horizon Group is planning a 63-unit condominium building at 264 Webster Avenue, which is one of the largest for-sale residential projects planned in the neighborhood in years. [YIMBY] – Rich Bockmann

 

Tags:上海夜网 阿爱上海同城 Development, Residential Real Estate
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Charles Cohen

Developer Charles Cohen cuts deal to buy Landmark Theatres The indie chain is estimated to be worth $175 million

Charles Cohen, a Landmark Theatre (Credit: Getty Images, BruinBlogger)

Billionaire real estate developer and film aficionado Charles Cohen has just closed a deal to purchase Landmark Theatres, a chain of art-house cinemas.

Investors Mark Cuban and Todd Wagner sold the 52-theater portfolio for an undisclosed pric上海龙凤论坛sh1f 上海龙凤论坛e, the Los Angeles Times reported. They had been trying to sell the Landmark on and off for several years.

Landmark Theatres an indie chain that specializes in foreign and independent films can be found in 27 cities, includi爱上海 爱上海WIFIng L.A., Ne上海夜网 阿爱上海同城w York, Denver and San Francisco. There are three locations in L.A., with its flagship found inside the Westside Pavilion.

Amazon was believed to be a top contender for the chain over the summer. An estimate from Deadline Hollywood pegs the value of the theaters, which typically include lounges, at about $175 million.

Through his media company, Cohen Media Group, Cohen distributes art-house films including the award-winning “The Salesman” and “Timbuktu.” Earlier this year, two of his other films were nominated for Academy Awards. He’s also taken to buying up and restoring theaters in New York, such as the quaint Quad Cinema in the Greenwich Village.

Cohen serves as chairman and CEO of Cohen Brothers Realty Corp., which owns and manages more than 12 million square feet of space across the country. In L.A., the firm holds the Pacific Design Center i爱上海龙凤419桑拿 上海龙凤论坛sh1fn West Hollywood in its portfolio.

He has a net worth of $3.4 billion, according to Forbes. [LAT] Natalie Hoberman

Tags: Commercial Real Estate
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Most expensive home listing

Chicago’s most expensive listing returns to market at “markdown” to $45M Lincoln Park mansion that was on listed for 2 years at $50M is still priciest in Chicago ar上海千花网龙凤论坛 上海千花社区ea

(Credit: Sotheby’s)

A Lincoln Park mansion that sat unsold for two years asking $50 million before 爱上海同城 爱上海being pulled off the market is being listed again, this time for $45 million.

The six-bedroom home on North 新上海贵族宝贝论坛 上海贵族宝贝交流区Burling Street was by far the priciest residential listing in the Chicago area while it sat on the market, and is still more than twice as expensive as th上海贵族宝贝交流区 上海贵族宝贝论坛e second priciest listing, even at the reduced amount, according to the Chicago Tribune.

The home of United Automobile Insurance Company CEO Richard Parillo and his wife, Michaela, was taken off the marke上海千花网交友 上海千花网论坛t Nov. 17 after being listed since December 2016. The couple built the home a decade ago after paying $12.5 million in 2005 for the eight city lots it sits on.

Including land costs, the couple spent $65 million to build the mansion, representatives said previously. The house is marketed as 25,000 square feet, but the Cook County Assessor’s office reports it as being 15,500 square feet. It’s assessor-estimated market value is $19.4 million.

Jameson Sotheby’s International Realty’s Tim Salm has the listing.

The next most expensive listing is a 130-year-old Gold Coast mansion owned by Pete’s Fresh Market owner Jimmy Dremonas, who is seeking $22 million. A few homes down from the Parillo home, an 8,000-square-foot mansion at 1950 North Burling sold for $11.9 million last year. [Chicago Tribune] — John O’Brien

 

Tags: Lincoln Park, luxury home sales, Residential Real Estate

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Kendall Stewart

Ex- city councilman Kendall Stewart arrested for threatening his tenants He has been charged with criminal mischief, menacing and harassment

Kendall Stewart and 1744 Lounge (Credit: Twitter and Google Maps)

Kendall Stewart, a former city councilman, has been arrested and charged with harassment after allegedly threatening his Flatbush tenants who run a Brooklyn hookah lounge over money.

Stewart broke down the office door of 1744 Lounge on Friday morning and told a tenant that he would “come back here and take care of you,” according to the New York Post, citing police sources. He then came back on Saturday evening with three men—one of whom pulled a gun—and threatened one of the business’ female employees.

Stewart has also been charged with criminal mischief and menacing, although the three men he was with are 上海千花网论坛 上海千花网still at large.

The argument was reportedly about city fines. The lounge had been hit with thousands of dollars worth of fines in 2016, but those were paid off.

Stewart represented Brooklyn’s 45th District on the City Council from 2002 to 2009, which includes neighborhoods like Flatbush and Canarsie. He was voted out soon after his old chief of staff admitted to stealing $200,000 in taxpayer money and replac爱上海 爱上海同城手机版ed by Jumaane Williams, who was recently elected to be the city’s publi爱上海 爱上海同城手机版c advocate.

Stewart was previously one of the victims in a loan modification fraud scam. [NYP] – Eddie Small

Tags: Commercial Real Estate, real estate crimes
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Committee of net You Daode makes net of appraise sth through discussion pass game list to appear to 20 game

Everybody knows the committee of network game ethics that establishs recently, had appraise sth through discussion to the network game of risk of first 20 existence morality. Via having serious research to result of appraise sth through discussion, network game is in charge of a branch to enjoin to 11 game unit of relevant publication operation is revised seriously, eliminate moral risk, make the decision that does not grant to approve to 9 game. But the network game of risk of morality of these 20 existence is what game after all, director branch was not announced, this also aroused the curiosity of a lot of players. The network game list that the player saw risk of morality of these 20 existence in friend circle recently, knowing is really false, look together. Trade public figure thinks, according to coming for years the industry grows a situation to look, what place of moral appraise sth through discussion is aimed at basically is in the past the numerous malpractice that accumulates in online game. Fizzle out for instance, bet, force and defame the respect such as discrimination. Xinhua News Agency says the net swims fictitious space is by no means moral vacuum region, it is with low common to those happy, coarse be an interest for beautiful, force ” destroy 3 concept ” the net swims, setting ” install check ” , make in time stop, since is responsible to the society, also be responsible to industry development. The network is not the ground outside the law, the net swims the enterprise cannot have an interest only in the eye more, when cannot neglect social duty. Law and rule of virtue develop simultaneously, self-discipline and heteronomy photograph aid, the net parades industry ability avoids ” sideslip ” , ability goes firm to had gone. And the content of violent to be being involved in game product, gamble also is maintaining superintendency branch to pay close attention to highly all the time, superintendency manner presents hasten tight situation. Future is examined and approve in game after beginning afresh, the game examine and verify that involves relevant content may more strict, eat chicken kind card of chess of game, part kind game may take the lead in ” in gun ” . That pair of everybody for the player, right these ” destroy 3 concept ” does the net swim what view is there? Might as well have a comment beneath. [……]

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Plane of sport of Ren Tiantang Switch already can move An Zhuocao to make a system

Although use the Tegra chip that comes from Nvida to bring about the Switch of primary production by quicker broken solution, also brought positive one side nevertheless, can move for instance contain a program, use Linux operating system even. Recently, the superior that has abroad is more transplant the system that install eminent to Switch on this sport plane! According to the report, two people of Max Keller and Billy Laws had brought the latest edition that has not issue formally eminent Q (10) transplanting arrived on Switch, because the version that although transplant now,goes up to Switch does not have GPU drive, so exceeding card pauses, and use without sound, handle faulty also, it is normal that nevertheless WI-FI and blue tooth function move. They two people had walked out of the first pace, next they plan to solve GPU drive problem, improve traversal speed. If Switch can compare system of good moving An Zhuo, the sex can enjoy for the player that likes turn from side to side to the part so will more rich, perhaps believe with Switch Liaowei, brush shake phonic day won’t too far. [……]

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