432 Park Avenue

Chinese buyer shells out $91M at 432 Park Buyer snagged three units with 12K sf combined

432 Park Avenue and Harry Macklowe (Credit: Emily Assiran)

Sources said a Chinese buyer just shelle爱上海 爱上海同城手机版d out $91.1 million for a trio of apartments at 432 Park Avenue — becoming the priciest deal at the supertall condominium to date.

The buyer — 432 Park Joy LLC — went into contract on units 92, 92B and 93B on Dec. 4, according to public records. With a total of 11,906 square feet spread over two floors, 新上海贵族宝贝论坛 上海贵族宝贝交流区the units were asking a combined $120 million.

Unt阿爱上海同城 阿拉爱上海同城il now, the priciest deal at Macklowe Properties and CIM Group s supertall was a penthouse that traded for $87.7 million last year. 新爱上海同城对对碰论坛 上海同城对对碰交友社区Sources said the buyer was Saudi retail magnate Fawaz Al Hokair. That deal was unusual in that CIM provided a loan for $56 million, nearly two-thirds of the purchase price.

The latest deal will combined three units — each asking more than $40 million — spread over the 92nd and 93rd floors. The Corcoran Group s Susanna Lendrum represented the buyer.

The purchase price works out to $7,651 per square foot — a relative steal compared to other big-ticket deals. Al Hokair reportedly paid $10,623 per foot for the top penthouse last year. In July, real estate executive Gongwen Dong — who also bought Bob Diamond s condo at 15 Central Park West — scooped up爱上海同城论坛 爱上海同城 an 86th-floor condo at 432 Park for $33 million, or $8,190 per foot.

Douglas Elliman’s Richard Steinberg, Sabrina Saltiel, Roger Erickson and Shari Scharfer-Rollins are marketing the project for Macklowe Properties and CIM Group.

Tags: 432 park avenue, Douglas Elliman, macklowe properties, NYC Luxury Market, Residential Real Estate, richard steinberg, roger erickson, sabrina saltiel
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Real Estate Discovery Ventures

Company linked to RKF s爱上海龙凤419桑拿 上海龙凤论坛sh1fued over botched commercial condo sale Deal allegedly fell apart because of noise issues at Switch Playground space

130 East 12th Street

UPDATED, 4:57 p.m., Feb. 20: An LLC linked to RKF is facing a lawsuit involving a botched commercial condominium sale and an allegedly noisy fitness center.

The plaintiff, an investment fund known as Real Estate Discovery Ventures, claims it agre上海贵族宝贝交流区 上海贵族宝贝论坛ed to buy a commercial condo unit at 130 East 12th Street near Union Square for about $8.1 million in July. The company then put down an $814,000 deposit as part of the deal with the seller 130 East Realty LLC, a company linked in property records to the brokerage RKF.

However, in August, the manager of the condo told REDV that it would not approve the sale until the seller and the condo’s tenant, fitness center Switch Playground, addressed the defaults under the current lease, the lawsuit says.

These defaults center on alleged noise issues, as the lawsuit says that the noises and vibrations from Switch Playground’s loudspeakers have caused several residents of the building to complain.

“The broader issue is the volume of their music and, much worse, the volume of their employees yelling into microphones at people who are 20 feet away,” reads an email attached to the lawsuit outlining the condo board’s concerns. “There is some aspect of whatever it is that they do periodically in the workout sessions that involves throwing something against the walls or columns … that shakes the apartments above and, at times, the entire building.”

Switch Playground also violated its lease by running ductwork and HVAC piping through the condo’s walls, putting equipment in common areas and putting up signs without approval from the condo board, according to the lawsuit.

The seller was first notified about these issues in November 2016 but has still not fixed them, the suit says. The condo board tried to resolve the issue by hiring an acoustical engineer who made recommendations for how to solve the noise problem in December, but Switch Playground and the seller have not acted on any of these rec上海夜网论坛 上海夜网ommendations, according to the suit.

Although the condo board has not approved the sale of Switch Pl新爱上海同城对对碰论坛 上海同城对对碰交友社区a阿拉爱上海同城 爱上海龙凤419桑拿yground because of these violations, the seller still sent a notice to REDV demanding that they close on the purchase by Feb. 22, the suit says.

REDV responded by demanding the seller withdraw its notice by Feb. 14, and when they did not do this, REDV notified them that they were in default of the agreement, according to the suit. The company is now suing the seller for breach of contract and to get its $814,000 deposit back.

Representatives for REDV did not respond to requests for comment. Representatives for RKF said they had no ownership in the commercial condo unit, but the LLC named in the suit was a client of theirs. They would not identify the client.

Residents of a nearby condo in the Flatiron District recently sued SoulCycle over n[……]

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Boston Real Estate

New York real estate firms are shipping up to Boston Douglas Elliman, Compass and Engel & Völkers have all been expanding in city

Boston skyline (Credit: Pixabay)

The biggest residential brokerages in New York ar上海贵族宝贝论坛 上海贵族宝贝e bulking up their presence in Beantown, where low inventory and climbing prices have formed a seller s market.

爱上海同城手机版 新爱上海同城对对碰论坛Douglas Elliman, Compass a上海夜网论坛 上海夜网nd Engel Völkers have all been expanding in the city over the past month, according to Inman. Engel Völkers established three new shops on the South Shore; Compass is about to open an office in the neighboring town of Wellesley; and Douglas Elliman has brought senior agents Pamela Cushing and Haley Cutter onto its team, co-founders of the Boston brokerage Live in Luxury.

Compass now has 200 agents across four offices in Boston, while Douglas Elliman which acquired new development marketing specialist brokerage Otis Ahearn last year has three offices and 40 sales associates.

The city has a very low inventory right now with 爱上海同城手机版 新爱上海同城对对碰论坛just one month’s supply, plus a hot new development condominium market.

Engel Völkers CEO Anthony Hitt told Inman that his company was attracted to the city because of i上海千花网 爱上海同城对对碰ts booming tech, biotech and health care industries.

“Boston’s presence as a global hub for technology and innovation is certainly growing,” he said. “As one of the largest markets for biotech and medical innovation, we’re seeing new clientele from all over the country—and all over the world—moving to the greater Boston area and investing in our real estate market.” [Inman] – Eddie Small

Tags: boston, compass, Douglas Elliman, engel & volkers, Residential Real Estate
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Real Estate Insider Trading

After Amazon workers snagged LIC condos, a senator wants to prevent insider deals The legislation proposed by Michael Gianaris would prohibit transactions based on nonpublic government action

Michael Gianaris and Galerie at 22-18 Jackson Avenue in Long Island City

In the frenzy that followed Amazon’s Long Island City announcement, reports emerged of employees buying condos there before the news was public. Now, a state senator wants to stop those kinds of insider deals.

Sen. Michael Gianaris, a Democrat who represents the Queens neighborhood, is drafting the proposed law, the Wall Street Journal reported. The legislation would prohibit buying or selling real estate based on any nonpublic government action. It would make such deals a felony punishable by up to four years in prison.

Two Amazon em上海千花网龙凤论坛 上海千花社区ployees bought units 爱上海龙凤419桑拿 上海龙凤论坛sh1fat Adam America Real Estate’s Galerie condominium just before the news surfaced, according to a previous report. Brendan Aguayo of Halstead Property Development Marketing, which is selling units there, said the buyers currently live in New Jersey and Queens.

Employees are prohibited from insider trading, or buying and selling stocks based on nonpublic information上海千花网交友 上海千花网论坛. But lawyers had said they weren’t aware of such restrictions on real estate transactions. The proposed New York law would be similar to the federal law that bans insider trading of stocks.

“Insider trading is illegal in the stock market but in real estate it is not only legal, but celebrated with champagne,” real estate attorney Adam Leitman Bailey told the Journal.

In a statement to the Journal, Amazon said it had no knowledge that the employees were aware of the company’s LIC move.

“We announced the locations to employees at the same time as it was announced pu阿拉爱上海同城 爱上海龙凤419桑拿blicly,” the statement said. “We employ more than 4,000 in NYC that live and work in the tri-state area. Amazon has no evidence that any employee who may have made a property purchase in the locations before the announcement had any advance knowledge of the location selections.”

The LIC move instantly boosted buyer interest in the neighborhood — with residential brokerages reporting an uptick in deals being negotiated. The area, which has already seen a wave of residential development, is slated to see another wave of condo and rental projects.

Gianaris, the number two Democrat in the senate, recently told The Real Deal that he would no longer accept political donations from the real estate industry. [WSJ] — Meenal Vamburkar

Tags: legislation, Residential Real Estate
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Shanghai Commercial

Queens developer lands $75M loan for latest Flushing project Philip Chong of HCRE secured the financing

A rendering of 144-51 Northern Boulevard in Queens and HCRE s Philip Cho上海夜网 阿爱上海同城ng (Credit: Apartments and Twitter)

Shanghai Commercial has offered up more construction financing for a new development, this time for a mixed-use project in Flushing.

The Hong Kong-based lender provided $75 million to an entity managed by developer Philip Chong of HCRE for the development at 144-51 Northern Boulevard, according to mortgage documents recorded Monday with the city s Department of Finance.

The bank did not immediately return a request for comment. Chong could not be reached.

The borrowing entity上海龙凤论坛sh1f 上海龙凤论坛, CW Northern LLC, bought the development site a few years ago for $46.2 million. At the time, Shanghai provided a $30.4 million acquisition loan.

It s uncl上海千花网论坛 上海千花网ear what exactly will上海贵族宝贝论坛 上海贵族宝贝 be going up上海贵族宝贝交流区 上海贵族宝贝论坛 at the site. On HCRE s website, a rendering of the project shows a multi-level glass structure. The site notes the project will have residential units and commercial, retail and community space. The property is zoned for 89,640 square feet of mixed-use development, according to New York YIMBY.

Across the street, Sky View Northern Tenant LP also is building a mixed-use project at 144-74 Northern Boulevard. The seven-story, 103-unit development, designed by Ismael Leyva Architects, is expected to be completed this year.

Meanwhile, Shanghai Commercial is one of the more active hotel construction lenders in the city.

Earlier this month, the bank loaned about $131 million to Youngwoo Associates to build its colorful 22-story hotel, office and retail development in Washington Heights.

And last year, Frank Ng landed $60 million from the lender for a hotel he is planning at 132 West 28th Street in Chelsea.

Tags: Commercial Real Estate, Development, Real Estate Finance
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Little elder brother of concert Cos vitta is deduced ” demon Bao Kemeng ” past dynasties is classical music eye

Recently, freddeGredde of vitta little elder brother brought one person to perform 10 people to give looking glass for everybody ” demon Bao Kemeng ” classical music eye reviews past dynasties, little elder brother is in video not only all sorts of pattern are performed still personally Cosplay rises, listen to those ticking off to remove you to recollect together ” demon Bao Kemeng ” past dynasties is classical music looks, the tear runs quickly also will not grudge! Vitta little elder brother deduces ” demon Bao Kemeng ” past dynasties is classical music eye:[……]

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Europe ” carriage ” imitate? ” Ou Ka 2 ” commentate piece new extend map riddle prevue

From 2012 the glamour with confusing is mixed since put on sale noxiousness gets players gay ” European lorry imitate 2 ” (later development all is Ou Ka 2) in when lie between near after half an year, the business that wants outspread drivers again eventually! SCS Software gave off a brief prevue to invite a player to guess map of below one magnify is extended will land He De. ” European lorry imitate 2 ” new map prevue ” A Road To Somewhere New ” :
Our Europe blocks the map group of 2 to begin to begin to build a new map to extend had had very long period of time, the job of the research to the map and early days is extended in on one actually ” Baltic the other shore ” had begun before put on sale. To finish all map compose to build, still much work wants to do, but we think now is moment announces a prevue to everybody, in future a few weeks inside, we will be updated continuously, after fixing official issue date the answer wide and accuse. Video cut pursues: Young associate people feel what area this prevue alludes really? Look this country scene, listen to this pleasant bagpipe, have kind of Bulgaria Style? Compare the main trend at present guess concentration is in the Balkan peninsula, do you feel? [……]

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” mission call 16 ” had not announced but a few undergraduates of American had played ahead of schedule

As was about to stride 2019 in May, our distance is moved look the time that announces new COD every year closer and closer. The COD this year is develop by IW, play the single person campaign that has a tradition and collaboration the way. The hearsay says ” mission call 16 ” did not escape greatly kill, without expert part, everything will return to the modern war source that develops to IW. Move recently inspect invited player of rugger of university of a few United States to enter a private activity, let experiences of these player have a taste of what is just in season arrive to had be notted announce ” mission call 16 ” . A video is passed to Reddit, this video comes from at among them the Ins of player of a rugger, but added caption. Can hear in video ” modern war 4 (Modern Warfare 4) ” , “Kill repeatedly (Killstreaks) ” wait for a word, it seems that basically real hammer into shape this year ” mission call 16 ” namely ” modern war 4 ” . According to use inspected convention, ” mission call 16 ” possible meeting was announced formally in May, the much person real opportunity of game of the republication on E3 demonstrated in June. These rugger players are below the photograph that releases on gregarious network Ins and Twitter, stem from confidential, do not have in these photographs any ” mission call 16 ” game picture: [……]

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” storm hero ” will have great ban newlier with heroic function coming

” storm hero ” government-owned net is announced now, will update gravely to recruit the hall to bring! Update the function that still will bring place of a people’s expectations to return this: Ban with the hero, players will experience brand-new impressment hall interface. Besides, still will join search heroic function and new platoon quickly competition demand, look together.

A lot of feedback say us the present battlefield map that recruits an interface to cannot explain match place is used well, accordingly we will take the lead in improving this share. You are entered now when recruiting the hall, turn around see the battlefield original painting of a full screen first, and information of a paragraph of welcome, still have clew of a paragraph of speech, just begin to choose a hero next!

Not only such, we return redo whole the visual effect that recruits the hall, included model of hero of setting of brand-new battlefield original painting, animation and head portrait, improved choice result among them, still have the idea that lets you can be searched faster and simply and choose a hero.

A lot of feedback also mentioned the difficulty when thinking used hero through showing some to recruit an interface to search, be in especially after costing a large number of time and choice of teammate communication hero. We feedback according to these, made a few we think to alter helpfully, look together.

Besides new art and animation design, we added column of hero of a preference in screen lower part. This column can include 8 heroes, make you OK in discharging a match undertake fast and simply choosing. You can pass the hero in individual data to collect pair of preference column undertake adjustment. If you do not have the hero that installs a preference before queue up, need not worry, at this moment the hero with your highest grade will be added automatically to column in, this means you still is OK the easier hero that finds you to be familiar with most.

Not only such, the pushbutton of preference column upper part still can help you choose heroic type quickly, still search column can use game of heroic name, origin and other key word to undertake searching. You still can be clicked examine all hero pushbutton to open face plate of a large selection, every page will be included most 48 heroes, and be arranged with alphabetical order.

As Xin Yingxiong increasing, and more players begin to watch electric contest living broadcast, we also saw more and more discussion that use a hero about banning. We indicate approval to these sound, and state the next is met newlier mix in rank match this main function is rolled out in defining game oneself!

Rank match prohibits use midway chosen regulation, the regulation with existing government match is basic and identical. Every team has a choice two rounds to stand the chance that uses a hero, the first round be before beginning formally to choose a hero, the 2nd round it is to be in the 3rd round after the[……]

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