Miami Beach Property

Want Miami Beach oceanfront pro上海贵族宝贝 上海千花网龙凤论坛perty? Here s how to make it happen I上海贵族宝贝 上海千花网龙凤论坛t won’t be quick or cheap, but you probably already knew that

(Pixabay)

The key for developers looking for property along Miami Beach s crowded beachfront is to look for older buildings that can be recycled, instead of land to construct new projects.

“Any condo can be recycled in Florida,” said CraneSpotters.com s Peter Zalewski to Mansion Global.

The problem is recycling is a slow, costly process. Buying an older building means cutting deals with unit owners before any significant transformation can occur and the disparities in cost post-renovation are stark: an average unit listing price is about $770 per square foot for an older unit, while a new unit will list for up to $3,000.

But, even if you build, will buyers come? It s a real question in Miami Beach s saturated market where, since 2011, more than 40 renovations projects either stall上海夜网论坛 上海夜网ed, revised their plans o爱上海同城论坛 爱上海同城r were cancelled.

[Mansion Global] E.K. Huds爱上海同城 爱上海on

Tags: Development, Real Estate Finance, South Florida Real Estate
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Moinian Group

Moinian Group tries to raise $350M in EB-5 funding for 3 Hudson Boulevard Developer still seeking construction loan for 2M sf tower

Joe Moinian and a rendering of 3 Hudson Boulevard (Credit: FXFOWLE)

Moinian Group hopes to raise between $250 million and $350 million in EB-5 funding for 3 Hudson Boulevard.

G爱上海同城手机版 新爱上海同城对对碰论坛eorge Washington Immigration Group, an EB-5 regional center, was tapped to arra上海千花网龙凤论坛 上海千花社区nge the financing, Commercial Observer reported. The regional center structures investments as limited partnerships, the CO reported.

Moinian, led by Joseph Moinian, broke ground on the 53-story, 2-million-square-foot office tower near Hudson Yards last year, but funding remains an open question. The developer has yet to land a construction loan and is looking for a debt and equity package of up to $3 billion to pay for the tower. Mo爱上海同城对对碰 爱上海同城论坛inian in November tapped JLL to lock down the financing, with a 上海夜网论坛 上海夜网capital stack featuring $1.8 billion in debt and $1.2 billion in equity.

Bloomberg first reported in November that Moinian considered raising up to $500 million in EB-5 capital.

The Real Deal broke down the tower’s funding challenge in its January issue.

Beyond the finan阿拉爱上海同城 爱上海龙凤419桑拿cing quest in Hudson Yards, Moinian has beefed up its lending operation in recent months, with four new financing deals in New York and Miami worth $216 million. [CO] Konrad Putzier

Tags: 3 hudson boulevard, moinian group, Real Estate Finance
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Google Chelsea Market

Cash money: Google s $2.4B megadeal is debt-free: sources The 75 Ninth Ave. acquisition closed Tuesday

The Chelsea Market and Sundar Pichai (Credit: Getty Images)

Sitting atop a mountain of cash, Goog阿爱上海同城 阿拉爱上海同城le can see its new home.

The tech giant’s $2.4 billion purchase of the Chelsea Market building, which closed Tuesday, was an all-cash transaction, sources told The Real Deal.

The company, which has a market cap of $800 billion, did not opt to assume existing debt from a group led by German lender Landesbank, which had provided financing to the 1.2 million-square-foot office-and-retail property’s seller Jamestown, sources said.

The move was especially remarkable given the deal for 75 Ninth Avenue is the largest investment-sales trade of the year so far, as well as the second-priciest sale of a building in New York history. Even last year’s top deal, HNA Group’s $2.21 billion purchase of 245 Park Avenue, included a $1.75 billion loan from a JPMorgan Chase-led consortium. (That 上海贵族宝贝论坛 上海贵族宝贝deal had 79.2 percent leverage.)

The deal is Google’s second major New York purchase after 111 Eighth Avenue, which it bought for $1.77 billion in 2010. To close that deal, Google secured a $467.9 million acquisition loan from Bank of America, equating to 26.4 percent leverage.

The country’s largest tech firms notoriously hoard billions in cash. A Moody’s report last year showed Google stashed away $86.3 billion overseas, where it isn’t subject to domestic taxes.

Jamestown president Michael Phillips, who declined to comment on the loan, said talks with Google about expanding its roughly 400,000-square-foot leasing foothold in the building evolved into a serious discussion about an acquisition late last year. (Google is expected to take additional space after Major League Baseball and Scripps Networks vacate over the next few years.) Aside from the occasional unsolicited offer, Jamestown did not talk with anyone else about selling the building, Phillips said.

“I have mixed emotions about the sale,” Phillips said. “We love Chelsea. At the high point, we owned severa上海夜网论坛 上海夜网l buildings in the neighborhood, but 上海夜网论坛 上海夜网now it’s down to just the Milk Building.”

As part of the deal, Jamestown is keeping the branding rights and intellectual property of the Chelsea name. TRD上海千花网论坛 上海千花网 first reported in February that the deal was in contract.

Tags: chelsea market, Commercial Real Estate, google
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Southampton Village officials to review ethics complaint in 125

Southampton Village officials to review ethics complaint in 125-year-old Victorian expansion plan

Southampton Village officials will examine complaints about whether the town’s historical consultant overstepped his bounds in advising another consultant hired by the owner of the Mocomanto. The owner of 472 First Neck Lane, Ken Fox, wants 爱上海同城手机版 新爱上海同城对对碰论坛to add one two-story extension and an上海贵族宝贝 上海千花网龙凤论坛other one-story extension to the 125-year-old Victorian, nearly doubling its size, but has to go through the town’s 爱上海同城论坛 爱上海同城architectural review board first. Neighbors have opposed the project and forwarded the board emails between Fox’s consultant and the one hired by the town, which they say show impropriety. The board is expected to decide the project’s fate at an April 23 meeting. [27East]

Tags: Hamptons
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Connecticut dispensary

Westchester Fairfield Cheat Sheet: Why Westchester homes are getting battered by “dramatic price reductions” … more

Clockwise from top left: Dramatic price reductions plague Westchester homeowners hoping to sell (credit: Daniel Case, Pixabay), Norwalk commission approves medical marijuana dispensary, Yonkers diner could become a hotel (credit: Anthony22), and Stamford board votes to reverse fitness center zoning decision (credit: John).

Why Westchester homes are getting battered by “dramatic price reductions”
An increasing number of Westchester residents are trying to sell their homes to avoid hig上海千花网 爱上海同城对对碰h property taxes, and at the same time, the market is seeing significant price chops, particularly on homes priced between $1.5 and $3 million, Bloomberg reported. Inventory at the end of June was up 5 percent from last year and the first half of the year saw price dips in areas like Scarsdale and Mamaroneck. Many sellers are determined to sell because of the GOP’s new tax law, which caps state and local property tax deductions at $10,000. Compass broker Angela Retelny told the outlet that some buyers are refusing to snap up pricey houses on which they’ll have to pay extremely high taxes — and the market is seeing “dramatic price reductions every single day — every hour, pretty much,” she said. [TRD]

Medical marijuana dispensary application gets the okay from Norwalk commission
Norwalk is one step closer to getting a medical marijuana dispensary, the Fairfield County Business Journal reported. The Norwalk zoning commission gave its stamp of approval to Healthport LLC’s application for a 3,000-square-foot dispensary on Connecticut Avenue. Now, the state’s department of consumer protection will have to approve the application. It’s expected to make its decision by the end of this year or at the beginning of 2019, according to the outlet. If it’s approved, the dispensary would be Fairfield County’s second state-approved 上海龙凤论坛sh1f 上海龙凤论坛dispensary. [FBJ]

Stamford board of representatives votes to reverse fitness center decision
High Ridge Office Park in Stamford may not be getting a Life Time Fitness center. The city’s board of representatives unanimously voted to reverse a zoning board decision that would have allowed large-scale fitness centers to be built in Stamford’s office parks, the Stamford Advocate reported. High Ridge Office Park owner George Comfort Sons had hoped to build a 100,000-square-foot facility上海龙凤论坛 新上海贵族宝贝论坛 at the site, but many of the city’s residents were opposed to the plan, arguing that it would draw more traffic and noise to the area. George Comfort Sons now plans to “review [its] legal options as [it] continues to seek viable solutions to a very real economic concern for all Stamford residents and taxpayers,” company spokesperson Geoff Thompson told the outlet. [Stamford Advocate]

Diner in Yonkers could become a ho上海夜网论坛 上海夜网tel under new proposal
A Yonkers diner could become a hotel if its owner secures a land-use change from the city’s zoning boar[……]

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Modelland

Style alert: Tyra Banks to open model-themed amusement park in Macerich’s Santa Monica Place The 21,000-square-foot sp上海贵族宝贝论坛 上海贵族宝贝ace will be a ticketed attraction with retail, entertainment

From left: Tyra Banks, S上海龙凤论坛sh1f 上海龙凤论坛anta Monica Place (Credi新爱上海同城对对碰论坛 上海同城对对碰交友社区t: Getty)

In “Life Size” and its recently released sequel, “Life Size 2,” supermodel Tyra Banks plays the role of “Eve,” a doll who lives in a make-believe place called Sunnyvale where dolls and models run amok.

With her latest endeavor, a brick-and-mortar project dubbed “Modelland,” it’s almost as爱上海 爱上海同城手机版 if Banks is looking to recreate that fantasy land.

The America s Next Top Model creator plans to open a 21,000-square-foot interactive amusement park — named after her 2010 novel — at Santa Monica Place, WWD reported.

Set to open this year, Modelland will include retail,爱上海 爱上海同城手机版 entertainment and other interactive experiences. More exact details remain scant, but Banks told WWD the project will be a permanent ticketed attraction, as opposed to the more common pop-up experience that disappears after a set amount of time.

Macerich, owner of Santa Monica Place, even contributed funding for the project alongside other investors. Banks said it took her 10 years for Modelland to become a reality.

The outdoor mall is also going to be getting another attraction soon. The Zimmer Children’s Museum, now rebranded to Cayton’s Children Museum, is also opening a 21,000-square-foot space this year. Designed by R A Architecture + Design, the eye-catching museum will host more than 30 exhibits for kids. [WWD] Natalie Hoberman

Tags: Commercial Real Estate, Retail, tyra banks
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Amazon HQ2

Savanna doesn t have much time to replace Amazon at One Court Square Real estate firm planned to scoot-out CitiBank early this year

Christopher Schlank, Jeff Bezos, One Court Square, Chistopher Schlank, and Jeff Bezos (Credit: Getty Images and One Court Square)

After Amazon announced that it would not build its campus in Queens on Thursday, public officials sparred over who was victor and who was vanquished. For the governor, the biggest losers were the 上海贵族宝贝 上海千花网龙凤论坛people of New York. For other Democrats, the only loser was Amazon.

But in real estate the biggest loser of them all might be Savanna, the owner of the One Court Square office tower where Amazon planned to temporarily fill 1 million square feet until it built its own new building nearby.

Citigroup had previously planned to move out of 1 million o阿拉爱上海同城 爱上海龙凤419桑拿f its 1.4 million square feet a上海千花网龙凤论坛 上海千花社区t the building by 2020, but that timeline was accelerated to early 2019 in order to make room for the incoming Amazon.

“In order to accommodate Amazon’s plans to build a headquarters in Long Island City, we had planned to move about 1,500 people at One Court Square to other floors there or to Two Court Square,” a company spokesperson told The Real Deal in a statement. “While these transitional plans may change, our long-term plans to relocate most of our current employees in Long Island City to other New York metropolitan area locations have not changed.”

The bank has been consolidating employees at its headquarters at 388 Greenwich Street, which will eventually hold 12,000 Citigroup workers. Citigroup paid $1.8 billion t上海千花社区 上海千花网交友o reacquire the property from SL Green in 2016.

Savanna, which declined to comment, now has fewer than 10 months to find a replacement for Citi’s space, as well as space given up by the cable company Altice, which was爱上海同城对对碰 爱上海同城论坛 reportedly booted from the building to make room for Amazon. Altice, which plans to move into a 130,000 square feet at another building in the neighborhood, did not return a request for comment.

At the time Citi first announced it would leave its 1 million square feet at One Court Square last year, asking rents at the building sat between $55 and $65 per square foot. Savanna, which is co-partnered by Christopher Schlank and Nicholas Bienstock, refinanced the property s $315 million mortgage in 2015 after briefly flirting with a potential residential conversion.

Tags: amazon, Amazon HQ2, Commercial Real Estate
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San Francisco Office Market

Inside San Francisco s office market: Developers win beauty contests and lease entire buildings within months A citywide restriction on development and an already tight market is creating a rush for space

John Buck and a rendering of his firm s Park Tower at Transbay project

Office developers in San Francisco are finding they can lease the majority of t上海千花社区 上海千花网交友heir office properties well b爱上海龙凤419桑拿 上海龙凤论坛sh1fefore they break ground, and in some cases, before they even get permits to bu上海千花网 爱上海同城对对碰ild.

The trend is上海千花社区 上海千花网交友 a product of high demand from growing tech companies and a citywide annual cap on office development, according to the Wall Street Journal.

Since 1986, the city has restricted new office development to 875,000 square feet each year. That isn’t much space — John Buck Company’s 43-story Park Tower at Transbay project is just 100,000 square feet under that cap. Facebook leased the entirety of the project last year.

Square footage that goes undeveloped is banked for future years, but the surplus has shrunk amid the city’s development boom. City officials decide which projects qualify each year with a so-called “beauty contest.”

Tech firms are in fierce competition to lease large amounts of space in San Francisco, where vacancy sits at 6.4 percent, and many commit before a project qualifies under the program. Demand from tech company employees is also squeezing the housing market in San Francisco.

Earlier this year, Pinterest.com leased 490,000 square feet at an Alexandria Real Estate Equities project that hasn’t received approval under Measure M. Salesforce.com leased 325,000 square feet at a Hines project last fall that hasn’t received approvals under Measure M.

That dynamic is good for developers, unless an economic downturn in the near future forces tech companies to pull back and put large amounts of space on the market for sublease, analysts say. [WSJ] – Dennis 上海千花网交友 上海千花网论坛Lynch 

Tags: Commercial Real Estate, Office Real Estate, San Francisco
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E3: New role of Ren Tiantang big melee is ” brave person fight evil dragon ” leading role

Today (on June 12) straight face can sow E3 Ren Tiantang in the newspaper, ” brave person fight evil dragon ” leading role ” hero ” be announced to be ” big melee of Ren Tiantang star is special edition ” next DLC part. It is reported, ” brave person fight evil dragon ” leading role ” hero ” will this year the summer lands formally ” big melee of Ren Tiantang complete star: Special edition ” . ” big melee of Ren Tiantang star is special edition ” DLC part ” hero ” conduct propaganda piece:[……]

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Does player of Hong Kong belle bask in sexy illicit to if make living broadcast,be illuminated can you look?

The word says spring comes, is summer still met far? The female player that is everybody introduction today calls Le Yi, it is the girl of a Hong Kong, the photograph gent from her people should can guess, right, happy appropriate girl also is a Model, but according to her the data of Facebook shows she is returned unexpectedly is a DJ.

Although the girl’s special skill is to walk along show and plane to film, the hobby of Dan Leyi’s girl also is very extensive, for instance LOL. In the form that the girl ever had appeared on the master game 2015, and be on INS with the netizen leave a message the girl in interacting ever still expressed: If I also make living broadcast, can you look?

Besides LOL, the girl still likes to move very much free, last year ” holy fighter: Gold fetch ” when heat is sowed, the girl ever still basked in the hand that gives fighter of many gold emperor to do on INS, of course, little also not curtilage male people of love to see and hear be as high as series! Next we admire next girls to share the beauty on INS to illuminate together!

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