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Dumbo Heights

LIVWRK, Kushn上海贵族宝贝论坛 上海贵族宝贝er, RFR plan public space by Dumbo Heights Developers to spend $700K to expand sidewalk, install furniture and planters

The developers behind the new Dumbo Heights are looking to create a relaxed outdoor space for tenants to cool off. And if it increases the value of the property too, so much the better.

LIVWRK, Jared Kushner’s Kushner Companies and Aby Rosen’s RFR Holding are planning to create a two-block-long public space on the Sand Street side of their Dumbo office complex, the Wall Street Journal reported.

The partners are looking to spend about $700,000 to double the depth of the sidewalk to上海龙凤论坛sh1f 上海龙凤论坛 30 feet, 爱上海同城 爱上海and insta爱上海同城 爱上海ll furniture, planters and public art.

“Our experience has always been the property owners see enormous value in having public space immediately adjacent to their properties,” Alexandria Sica of the Dumbo Improvement District told the Journal. “They help create a sense of calm in hectic traffic areas.”

Dumbo Heights’ developers bought the property in 2014 for $375 million, and are spending about $100 million on renovations. The final complex will encompass 1.4 million square feet of space between the overpasses of the Manhattan and Brooklyn bridge.

Firms such as coworking giant WeWork, online marketplace Etsy, marketing fir上海贵族宝贝交流区 上海贵族宝贝论坛m Prolific Interactive and others have signed up as tenants. [WSJ] – Ariel Stulberg

Tags: Brooklyn heights, RFR Holding
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RockFarmer Properties

RockFarmer nabs Jackson Heights rental for $29M 34-unit property has sold twice since it was built in 2010

40-07 73rd Street in Jackson Heigh上海龙凤论坛 新上海贵族宝贝论坛ts (Inset: Matt Cassin)

RockFarmer Properties snapped up a 34-unit multifamily building in Jackson Heights for $29.3 million, or $600 per square foot, sources told The Real Deal.

The six-story building at 40-07 73rd Street, which spans nearly 49,000 square feet, was built in 2010. The seller of the property was Matt Cassin s JMC Holdings, which has owned the property for three years. The firm paid $20 million for it in 2013.

Joe Koicim, Peter Von Der Ahe, Shaun Riney and Mike Salvatico of Marcus Millichap brokered the sale. Neither the buyer nor seller was immediately availab上海千花社区 上海千花网交友le for comment.

From lef爱上海 爱上海同城手机版t: Peter Von Der Ahe and Joe Koicim

RockFarmer Properties, a real estate investment firm led by John Petras and George Michelis, is an active buyer in Queens, scooping up a mix of prewar rentals, condos and co-ops. Earlier this year the company bought a 10,000-square-foot strip mall in Astoria for $12.1 million fro上海龙凤论坛 新上海贵族宝贝论坛m Ditmars Real Estate Consultants.

JMC recently sold an office condo spanning the top three f爱上海 爱上海WIFIloors of 99 Hudson Street to LaSalle Investment Management for $48 million, more than double what it paid several years ago.

Tags: marcus millichap, rockfarmer capital
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Kramer Levin

Out of the mouths of attorneys: Kramer Levin s leaders on land use, rezoning Kramer Levin co-chair Sillerman: One of city’s biggest issues is the abundance of industrial land

The Real Estate Board of New York is happy with the Midtown East rezoning proposal, with a few caveats.

One is the floor price proposed for the 3.6 million square feet of landmarked air rights in the district: $393 per square foot ($78.60 of which will go to the city). Paul Selver, a co-chair of Kramer Levin s land-use department who is working with REBNY, said the city s reasoning for the floor price — to create more transparency in the process — doesn t make sense because developers already need to file transfer t爱上海同城论坛 爱上海同城ax returns that spell out the specifics of the deal. In other words, the justification behind the requirement, he said, is bunk.

I have never seen a transaction where anyone misstated the co爱上海同城 爱上海nsideration in order to avoid a tax. People just don t do that, he said. They have to be honest in paying their transfer property tax.

During a public hearing in January, REBNY testified that the floor price was onerous, excessive and unfair. A spokesperson with the Department of City Planning disagreed, saying that the minimum contribution is a straightforward way to support上海贵族宝贝 上海千花网龙凤论坛 the public improvement fund.

The minimum contribution simply enables us to establish a reasonable floor regardless of how a development rights transaction is structured legally, since the market value of such a trans[……]

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CoStar

CoStar makes big push at ICSC Data firm’s attendance increased sharply at convention, while owners, brokers, retailers were mostly flat

CoStar at ICSC (Credit: Adam Pincus for The Real Deal)

CoStar Group is blanketing ICSC, more than doubling its attendance from last year, making it one of the top 30 firms at the show.

The dominant player in commercial real estate data arena, CoStar sent 69 registered attendees to the retail event, the largest head count from a company that is not a brokerage, tenant or owner.

The firm which is spending up to $20 million this year to prevent upstart Xceligent from breaking into its market strongholds did not respond to a request for comment.

CoStar’s competitors have registered far fewer attendees. As of Tuesday, Xceligent had four reps, CompStak (with whom they announced a partnership this month) had also had four, and Yardi counted eight.

The analysis based on ICSC attendance information available on its we新上海贵族宝贝论坛 上海贵族宝贝交流区bsite, and may not have the final figures for each firm. Total registered attendance as of Tuesday morning was just under 33,000, but ICSC expects the total to hit 37,000.

Other firms that pushed up their numbers were sandwich restaurant Subway, which jumped from 50 to 97 attendees this year, and Internet giant Amazon, which registered 15 Seattle-based individuals this year, up from 10 last year.

The landlord with the most significant attendance increase was shopping center landlord DDR, which jumped from 17 professionals last year to[……]

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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[……]

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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 “c[……]

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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[……]

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