Extell Development

Nightingale pays Extell $28M for Midtown leasehold Ground lease at 20 East 46th reportedly has 27 years left

Clockwise, from left: 20 East 46th Street, Extell s Gary Barnett and Nightingale Group s Elie Schwartz and Simon Singer

Simon Singer and Elie Schwartz’s Nightingale Group acqui上海贵族宝贝论坛 上海贵族宝贝red the ground lease for a 15-story Midtown office building from Extell Development, according to property records filed with the city Tuesday.

The firm paid $27.7 million for the leasehold at 20 East 46th Street, records show. The lease reportedly had 27 years left when Extell sol上海千花网 爱上海同城对对碰d it to Nightingale.

Extell paid $17.4 million for the ground lease in 2006 from George Comfort Sons. Extell first put the leasehold on the market back in 2012, asking $25 million for the property.

Representatives for Nightingale and Extell didn’t immediately respond to requests for comment.

The land is owned by the estate of Sol Goldman via Solil Management Corporation, which manages the assets of the late real estate mogul.

The 87,000-square-foot building, located between Madison and Fifth avenues, is largely leased to medical office tenants. It’s unclear how much of the building is occupied.

Overall, Midtown asking rents increased 2.3 percent to $78.42 per foot during the first three months of 2016, according to Cushman Wak爱上海同城 爱上海efield. Class A rents also grew 2.3 percent to $83.54 per foot. The Midtown vacancy rate was 9.3 percent.

The deal at 20 East上海夜网 阿爱上海同城 46th is about a dozen blocks south of Nightingale’s debut Manhattan purchase. 

Founded in 2005, the Midtown-based firm partnered with Friedland Properties last year to buy a $76 million operating lease at 645 Madison Avenue from TF Cornerstone. At the time,爱上海龙凤419桑拿 上海龙凤论坛sh1f the 157,000-square-foot building had about 36,000 square feet of vacant retail space.

Tags: gary barnett, midtown manhattan
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Eliot Spitzer

Spitzer sues woman who accused him of Plaza Hotel assault Svetlana Travis allegedly tried to extort thousands from the ex-governor

Svetlana Travis and Eliot Spitzer

Former Gov. Eliot Spitzer is firing back against the woman who accused him of as上海同城对对碰交友社区 上海夜网论坛sa上海龙凤论坛sh1f 上海龙凤论坛ulting her in a Manhattan hotel, alleging that she is trying to extort hundreds of thousands of dollars from him.

The governor-turned-developer filed a lawsuit in State Supreme Court in Manhattan on Friday against Russian native Svetlana Travis aka Andreevna Zakharova, the New York Times reported. Travis told police in February that Spitzer choked her in a room at The Plaza Hotel, an accusation she later retracted before flying back to Russia.

According to the lawsuit, Spitzer had agreed to pay Travis an undisclosed amount of money to prevent her from publicly revealing purported details of their interactions that she thought would embarrass Mr. Spitzer and his children.” After the February incident, howe上海千花网龙凤论坛 上海千花社区ver, she allegedly demanded more money and trips to Paris, and threatened to ruin Spitzer s life if he didn t comply.

The lawsuit seeks only $1 in damages but also other relief as may be appropriate.

Travis was evicted from her Upper East Side apartment in February after neighbors complained that she was running an escort service out of her apartment.

Spitzer , who resigned in 2008 amid a prostitution scandal, now heads Spitzer Enterprises, which is building three rental towers on the Williamsburg waterfront at 416-420 Kent Avenue. [NYT] — Kathryn Brenzel

Tags上海贵族宝贝 上海千花网龙凤论坛: eliot spitzer
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Climate Change Real Estate

WATCH: Here s what New York City is doing about rising sea levels Following President Trump’s withdrawal from the Paris accord, The Real Deal looks at what the city is doing to address the effects of climate change

This week, President Trump officially announced the United States withdrawal from the Paris accord, an agreement made by leaders from nearly 200 countries around the world to reduce greenhouse gas emissions. For the U.S., this meant a 阿爱上海同城 阿拉爱上海同城pledge to reach a 26 to 28 percent reduction in carbon emissions by 2025.

Thou上海龙凤论坛 新上海贵族宝贝论坛gh Trump said he would “begin negotiations to re-enter either the Paris accord or a really entirely new transaction [sic] on terms that are fair to the United States,” he offered nothing further on what these talks might look like.

The overarching goal of the Paris accord is to prevent global average temperatures from rising 2 degrees Celsius (or 3.6 degrees Fahrenheit)  a target that would help to curb the effects of climate change. This includes dramatic changes in weather patterns, increased likelihood of future global food and water crises and a drastic rise in sea levels.

For New York City, the latter of those effects is most concerning, particularly since in 2012, Superstorm Sandy demonstrated the havoc nature can wreak. According to current projections, sea levels could 上海龙凤论坛sh1f 上海龙凤论坛rise 30 inches by 2050 and at least six feet by the year 2100.

As a result, the city’s 100-year floodplain areas that have a 1 percent chance of flooding in any given year could grow to 72 square miles, up from 50 square miles today.

Sandy caused flooding in more than 88,000 buildings in the city. Private landlords suffered more t新爱上海同城对对碰论坛 上海同城对对碰交友社区han $8.5 billion in property damage, while damages sustained by the local government came out to roughly $4.5 billion.

Today, at least 71,500 buildings valued at more than $100 billion stand in high-risk flood zones. Some of the city’s biggest upcoming projects fall in current or future flood zones, including Hudson Yards, the Brooklyn Navy Yard and the World Trade Center complex.

In light of this, The Real Deal spoke to a number of scientists, academics, industry-insiders and city workers to break down the challenges New York faces and what’s being done to address them.

“Many people say ‘what’s the big deal, six feet?’” said Klaus Jacob, a geophysicist who worked on the New York City Panel for Climate Change. “Well, if you start off with six feet higher sea上海贵族宝贝论坛 上海贵族宝贝-level and then put storms on top of it, you don’t need a big Sandy to flood the subways.”

Though Jacob is more alarmist than most, the consensus is that action needs to be taken sooner rather than later. Chris Ward, chief executive of the Metro New York unit of AECOM, pointed out that every study on the effects climate change describes a shorter time-frame than the last.

“Sandy was a wake-up call, but I think we’re falling asleep again,” said Ward. “There are going to have to be solutions that come out of the local economy, out of the po[……]

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USAA Real Estate

Consulting firm上海龙凤论坛sh1f 上海龙凤论坛 sues USAA for alleged unpaid fees on $110M in deals Confido seeking at least $3M in damages

Confido Advisors CEO John Rodriguez

A New Jersey-based consulting firm is suing the real estate arm of USAA, claiming it s owed fees on $110 million it helped secure for the financial services firm from South Korean investors.

Confido Advisors, headed by CEO John Rodriguez, is seeking no less than $3 million in damages, according to a lawsuit the company filed in New York State Supreme Court last month. Representatives for US阿爱上海同城 阿拉爱上海同城AA could not be immediately reached for comment.

The firm claims it signed an agreement with USAA Real Estate Company to act as its exclusive agent to make introductions to real estate investors in South Korea, where it had years of experience securing commitments for “U.S. private equity funds, hedge funds and other U.S. investment vehicles” through a network of more than 2,000 contacts.

“During the term of the consulting agreement Confido introduced [USAA or its affiliates] to approximately 100 prospects, of which about 15 have since made a capital commitment to a USAA investment vehicle,” the complaint read. “In total, capital commitments made by prospects that Confido introduced to USAA or its funds amounted to approximately $600 million.”

The two sides had agreed that Confido would earn a reduced fee if an investor the firm introduced to USAA during the term of the exclusive agreement made a commitment after the agreement expired in December 2015, according to the lawsuit.

As that deadline came approaching, Confido submitted the names of several investors to USAA that it wanted included on a list of companies it would receive the reduced fee on. Confido said two of those investors, including the Korean Fisheries Pension Fund and Seoul National University, eventually made $40 million worth of commitments to USAA, which excluded them from the list.

Other investors made the list but USAA never paid Confido the fees, including Korea Post, which made a $70 mill爱上海 爱上海同城手机版ion commitment, Con阿爱上海同城 阿拉爱上海同城f上海贵族宝贝 上海千花网龙凤论坛ido claims.

The specific deals Confido’s contacts invested in were not disclosed, but USAA Real Estate has been active in New York.

The company partnered with Madison Realty Capital last year to buy the 16-story Buchanan rental building at 160 East 48th Street for $270 million.

In 2015 it teamed up with Waterman Interests to buy a pair of Garment District buildings for $118 million.

Tags: Commercial Real Estate
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One Vanderbilt

Carlyle Group mulls space at One Vanderbilt Firm is considering four floors in the tower

Rendering of One Vanderbilt and Marc Holliday (Credit: SL Green)

Global investment firm Carlyle Group is in上海千花网龙凤论坛 上海千花社区 talks for four floors at SL Green Realty s One Vanderbilt.

The firm is the latest tenant to consider taking space at the 1.7 million-square-foot office tower, the New York Post reported. Management consult阿爱上海同城 阿拉爱上海同城ing firm McKinsey Co. is also reportedly looking at 250,000 square feet at the project.

Germany’s DZ Bank and DVB Bank recently inked a lease for 35,500 squar爱上海龙凤419桑拿 上海龙凤论坛sh1fe feet on the 26th floor. The bank was t上海贵族宝贝论坛 上海贵族宝贝he first office tenant to sign on to the building since TD Bank, which inked a long-term lease as One Vanderbilt s anchor tenant in 2014.

In April, chef Daniel Boulud agreed to open a restaurant on the tower s second floor. The restaurant will span 11,000 square feet,爱上海龙凤419桑拿 上海龙凤论坛sh1f and Boulud will invest in the project rather than signing a traditional lease. [NYP] — Kathryn Brenzel

Tags: Commercial Real Estate, One Vanderbilt, sl green
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Extended

The future of hotels? Extended-stay The stock of hotel rooms offering longer stays have increased more 爱上海同城论坛 爱上海同城than 30 percent in five years

(Credit from left: Holidayextras via Flickr, PxHere)

Hoteliers are increasingly playing the long game.

The number of extended-stay luxury hotel rooms are on the rise increasing 34 percent over the past five years and occupancy rates are coming back higher than typical rooms at an encouraging 77 percent, according to the Wall Street Journal.

Though guests pay a premium for their hotel accommodations at least a couple thousand dollars more than a comparable apartment, many guests say the convenience of hassle-free 爱上海同城 爱上海living in a hotel is the best option as they look for a permanent home or decide their next moves, personal or career-wise.

For finance executive Robert Wolfangel, living in a hotel for a year had all the amenities he and his wife wanted as they wer爱上海 爱上海同城手机版e looking for a home. Then, when their check-out date finally arrived, moving was painless, he told the Journal. “I didn’t 爱上海 爱上海同城手机版have上海贵族宝贝交流区 上海贵族宝贝论坛 to return a cable box or cancel the electric.” [WSJ] Erin Hudson

Tags: Commercial Real Estate, Hotel Market
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Wildfires

Wildfires force evacuations, torch iconic properties Non-renewals for insurance likely to spike once again

Photo illustration: Woolsey Fire in Malibu (Getty)

UPDATED November 12, at 2:25 a.m.:  Two fires in Southern California, and a blaze in Northern California that burned down an enti爱上海同城对对碰 爱上海同城论坛re town, have forced residents to flee from at least 149,000 homes since Friday.

California’s painful year of deadly and property-devastating fires reared its head once again amid strong winds and Indian Summer tempe爱上海同城 爱上海ratures. And homeowners should brace for even more non-renewals of their policies, according to one insurance research data firm.

The Woolsey Fire, blazing along the Los Angeles and Ventura County border, led officials to evacuate the entire town of Malibu. In the Sierra Nevada foothills in Northern California, the Camp Fire has killed at least 29 people and “incinerated” the town of Paradise, where a blaze had grown to nearly 110 miles and was burning “completely out of control,” according to the Associated Press.

Two fires have scorched nearly 100,000 acres in Ventura and Los Angeles County. At one point Friday the fire was estimated to be moving at 44 acres per minute, or one football field every two seconds, according to weather.com.

The fires affected some of the wealthier enclaves around Los Angeles, including Hidden Hills, where residents were forced to evacuate, including Kim Kardashian West and Kanye West.

Celebri上海同城对对碰交友社区 上海夜网论坛ties living in affected areas, such as director Guillermo del Toro and actress Alyssa Milano, took to social media to chronicle their evacuations. Caitlyn Jenner s home ove上海贵族宝贝论坛 上海贵族宝贝rlooking Malibu beach is reportedly among those to have burned in the fire Friday, TMZ reported.

In Agoura Hills, the fire reportedly claimed the house used to film the reality dating show The Bachelor,” as well as Paramount Ranch, where “Westworld” is filmed.

Near Malibu, which was badly affected by post-fire mudslides in January, the Pacific Coast Highway was choked with traffic on Friday as residents heeded a mandatory evacuation order.

Flames also caused the closure of the Los Angeles Zoo in the Griffith Park area, and the evacuation of its animals, before firefighters had mostly contained the fire.

For homeowners, the fires are likely to exacerbate an already-complicated insurance situation. Maxime Rieman-Croll, head of insurance research at data firm ValuePenguin, said she doesn’t expect homeowners rates to spike immediately, given that companies are required to get any hikes approved by the California Department of Insurance. But she does expect an increase in “non-renewals,” which occurs when companies choose to stop a homeowners coverage.

Some insurers are also choosing to stop renewing coverage for homes that aren’t even in high-r上海贵族宝贝交流区 上海贵族宝贝论坛isk areas, but are near potentially flammable wildlife, like a brush, she added.

“If these fires continue to increase in frequency as they have been in the last couple of years, property insurance[……]

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WeWork

Inside WeWork s universe of trademarks Firm’s 94 registered businesses and slogans show an evolution in marketing strategy

Adam Neumann in The Creation of Adam (Photo-Illustration by Wally Konefal for The Real Deal; base images via Getty and public domain)

Two weeks ago, a Washington D.C.-based patent lawyer filed a trademark request for a client she s had for the better part of a decade. It was routine for Allison Strickland Ricketts: The attorney had done this at least 94 times for the Delaware-registered holding company since 2011.

But this trademark filing was more expansive than usual the company s listed goods and services included co-working services, household linens, educational services, apartment rentals and even restaurant services. The final section of the filing listed dating apps, babysitting services and pet day care.

That same day, the business world awoke to the news that WeWork was no longer calling itself WeWork. Now named the We Company, the $47 billion startup was no longer bound by a moniker that many critics said showed its true face an old-school office-leasing company that masquera爱上海龙凤419桑拿 上海龙凤论坛sh1fded as a tech firm.

To paint a clearer picture of the We Company s evolving marketing strategy as it hurtles toward a likely public offering, The Real Deal analyzed every brand and business it has filed with the United States Patent and Trademark Office. The We Company declined to comment for this article.

In the beginning, there was WeWork

In 2009, a pitch deck created by CEO Adam Neumann and fellow co-founder Miguel McKelvey imagined a WeWork ecosystem that would create a platforms for all aspects of life. For members of the “We” community, there would be a WeBank, to provide exclusive financial services and loans. Its members could retreat to a WeSleep, a boutique European-style hotel for members, and WeLive, for We residents hoping to live a block from the beach.

For some respite, the WeSail would be available to anyone in need of a Caribbean yacht cruise. And for the more charitable members, they could donate to WeGive+ to support disaster relief and human rights causes.

From that pitch deck, only WeSleep was ever trademarked though Neumann has said he plans to launch WeBank. Other endeavors over the years have been listed as abandoned with the trademark office, such as “Peoplehood,” which was slated as a retail store to provide “general consumer merchandise,” and “The Tribe School,” an elementary school in Tribeca designed by Bjarke Ingels.

It wasn’t until 2014 that WeWork’s ambition beyond co-working and its now-famous avant-garde marketing was laid bare at the patent office in D.C. Between 2014 and 2015, WeWork, then valued at $1.5 billion, trademarked a slew of potential new business lines. There was WeMove, an entry into health and fitness; WeBike, a valet service for bicycles; WeEat, software for meal delivery; WeLive, a residential division that would become one of its three primary business lines; WeWork Labs, an accelerator for[……]

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The player is in ” switchback magnate 2 ” build orbit of train in excess specified length to sit to need 12 years!

” switchback magnate ” meaning playing a way depends on making a successful and interesting theme park. Need a player to design enjoy oneself so much as to forget to go home making a person normally, still want to come next time, the You Le establishment that will not to think, for instance the switchback of clever stimulation. But unluckily somebody does not press a road to give a shop sign, ” will do not think ” become ” will do not think ” , made a Tartarean switchback that turns over the mankind then: Gigantic dull but so endless however that want dead switchback orbit name to be ” suffer 12 years ” . From start stop need 12 years, or the time inside game of 30 million days. Make this cover orbital evil talent is Marcel Vos, he shared all sorts of strange work on Youtube, those who use is version of open source code ” switchback magnate 2 ” . He is undertaking orbit of the longest switchback is challenged at present, last time record still has 232 days only. It is great leap this so. In video, vos introduced to break through the strategy that record place uses this. It is to use above all most the mad mice orbit of circlet, above the switchback that puts maximum amount, 31, it is whole slideway cent 32 paragraphs. Every switchback needs when ahead makes a free talent can ongoing, the effect that moves so is make a move stops one pace. Build the large switchback slideway that covers all map by circlet orbit next. Clever place depends on a size linkage of two orbital switchback rises, big track has sneaked away the switchback ability of circuit is returned the loop is participated in in small orbit, and because both sides sends a car already by linkage, so the switchback big track in front runs circuit, the switchback ability from the back takes one case in small orbit. This with respect to will mad mice several times what turned old scenic railway into run time more time-consuming. Overall for this resembles is to use pinion roll gear, lowered rotational rate adequately. The author shows, after the course is calculated, the time that place of complete loop circuit needs is 12 years 0 100 days several. And more make full use of if this covers a region, future still may have the space that breaks this record. The video that make:[……]

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” game king: Duel person bequest link is developmental ” landed Switch on April 25

New first phase ” V-Jump ” announce news, ” game king: Duel person bequest link is developmental ” will land platform of Japanese area Switch at passing Ren Tiantang Eshop on April 25. This game will include brand of more than 9000 pieces of card, support ” new Great Master is regular ” , appear in additionally ” game king VRAINS ” an eccentric person in also can appear in this making. Come from ” game king: The duel of an eccentric person ” to ” game king VRAINS ” in the person that exceed 100 bequest duel also can appear in gut mode, the animation gut when the part also meets player antagonism everybody reductive come out. Game supports the online action inside global limits, besides discharging a battle, still have a few special and regular fight, can use some only for instance special card group. [……]

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