Browse Month June 2019

540 Fulton Street Brooklyn

Jenel planning 19-story D上海千花社区 上海千花网交友owntown BK office building Retail landlord files permits for 174K sf property at 540 Fulton Stre上海龙凤论坛sh1f 上海龙凤论坛et

The Dushey family’s Jenel Management filed plans Friday for a new 19-story office building on the former site of a low-rise retail strip in Downtown Brooklyn.

The 174,000-square-foot building at 540 Fulton Street would hold retail space across its first and second floors, as well as the cellar level, according to permit applications filed with the Department of Buildings.

Offices would span the third through 19th floors, while the first floor would also house 420-square-foot bicycle storage room.

Marvel Architects is designing the project, according to the filing. Neither Jenel nor Marvel immediately responded to requests for comment.

Midtown-based Jenel, led by CEO David Dushey, acquired 540 Fulton Street in 1981 for an undisclosed price, according to city property records. The site, which is located 阿拉爱上海同城 爱上海龙凤419桑拿between Nevins Street and Hanover Place and just off Flatbush Avenue, formerly held a two-story, 26,000-square-foot retail strip that Jenel demolished last year.

The property also sits across from a 500,000-square-foot assemblage that Williamsburg-based real estate firm RedSky Capital is putting together along Fulton Street.

Jenel, which largely focuses on retail properties, acquired a 6,300-square-foot retai新上海贵族宝贝论坛 上海贵族宝贝交流区l co-op at 80 Wooster Street in Soho for more than $25 million last year. The company owns and manages more than 90 proper[……]

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Cushman Wakefield NYC

CBRE s Marcella Fasulo joins Harmon, Spies team at Cushman She served under Darcy Stacom since 2009, most recently as senior VP

From left: Marcella Fasulo, Doug Harmon and Darcy Stacom

He may be at Cushman Wakefield now, but Doug Harmon s rivalry with CBRE’s Darcy Stacom is showing no signs of cooling off.

CBRE’s Marcella Fasulo has joined t阿爱上海同城 阿拉爱上海同城he new New York capital markets team at Cushman Wakefield recently formed by Harmon and partner Ada上海千花网龙凤论坛 上海千花社区m Spies, a Cushman spokesperson confirmed. Fasulo served as senior vice president at CBRE under Stacom, who runs that br上海千花网论坛 上海千花网okerage’s investment sales operation with Bill Shanahan.

As the star brokers at Eastdil Secured , Spies and Harmon for years went head-to-head with Stacom and Shanahan to claim the top spot in New York City investment sales. The gap between Eastdil and CBRE in that category has increasingly widened, with the former brokering $22.7 billion in deals in 2016 and the latter handling $8.8 billion, according to an analysis by The Real Deal.

Harmon and S爱上海同城论坛 爱上海同城pies  joined Cushman as chairmen of capital markets on Oct. 6, and subsequently brought their colleagues Adam Doneger, Kevin Donner and Joshua King along as senior managing directors. Fasulo is now a member of that six-person team, also as a senior managing director. Sources earlier this month told TRD that brokers at Cushman are being advised to bring Harmon and Spies on all investment sales deals $75 million and up, in exchange for a referral fee.

In a[……]

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Rhinebeck hunting shack reimagined as secluded studio

Rhinebeck hunting shack reimagined as爱上海同城 爱上海 secluded studio This is what happens when an architect gets lost in the woods

In 1959, it started its life as a modest hunting shack in the woods of Rhinebeck, NY. But you aren t likely to find cases of buckshot in the small black cabin these days. That s because Stephen Holl Architects have transformed the secluded shack into an off-the-grid artist studio.

Inline image 1Dubbed Space T2, the T-shaped cabin is located on 28 acres of forest. To reimagine it as a studio, the architects covered the exterior of the cabin in a pitch-black tar paper, which helps keep the white interior core cool.
Holl designed 上海夜网论坛 上海夜网the 750-square-foot studio as a study of light and space, and as such it features seven “light turrets,” according to 6sqft. It also includes four cubic skylights, two cubic bays and an east-facing light catcher that also constitutes 阿爱上海同城 阿拉爱上海同城the entry.

This i爱上海同城对对碰 爱上海同城论坛s definitely what happens when an architect gets lost in the woods.

[6sqft] Christopher Cameron

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200 East 59th Street

Fiberglass menagerie: Macklowe to install animal statues to lure buyers to 200 East 59th Developer says it will show the building is “special”

Rendering of 200 East 59th Street and fiberglass elephant (credit: DBOX)

It s a jungle out there for new development, and Harry Macklowe is hoping a fiberglass zoo might help corral prospective buyers into his Midtown East tower.

Macklowe plans to install giant replicas of giraffes, elephants and rhinos at 200 East 59th Street as a way to tell the world that the building is special, the developer told the Wall Street Journal. The fiberglass menagerie — found by Macklowe in Southampton, New York, includes a 12-foot-long elephant and an 18 1/2-foot-tall giraffe.

Competition is fierce for new development in the city, and it s becoming difficult for上海龙凤论坛sh1f 上海龙凤论坛  developers to distinguish their projects among the overflow of 上海龙凤论坛 新上海贵族宝贝论坛supply.

“I am suffe上海贵族宝贝交流区 上海贵族宝贝论坛ring new development fatigue,” Donna Olshan, who tracks the luxury market, said. “Nothing differentiates one project from another.”

Other developers have employed animals in their marketing campaigns in the past. A beaver holding a martini glass welcomed prospective tenants at the William Beaver House (now Known As 15 William Street). Thirty years ago, a live giraffe was brought to the Villa dall’Ava in Paris to photograph in the different residences.

Macklowe is seeking a $上海贵族宝贝 上海千花网龙凤论坛264.1 million sellout for the 68-unit condo building. He bought the sites in 2014 for $86.7 million. [WSJ] — Ka[……]

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330 East 56th Street

Pension fund s stake in Sutton Place extended-stay hotel valued at $106M CalSTRS owns 91% of AKA Sutton, records show

330 East 56th Street

UPDATED, Friday, Oct. 20 at 3:13 p.m. A California-based pension fund s stake in AKA Sutton Place, a 17-story extended上海贵族宝贝 上海千花网龙凤论坛 stay luxury hotel-condominium, is valued at $106.2 million, according to city Department of Finance records recorded Thursday.

CalSTRS, the state s teacher retirement fund manager, owns a 91 percent stake in the building at 330 East 56th Street, according to Department of Finance documents. On Thursday, a deed on the property was transferred from investment firm BlackRock to CalSTRS. But a representative for BlackRock said the asset manager simply manages the portfolio that holds the property, and it does not own any portion of 330 East 56th Street. A rep上海千花网论坛 上海千花网resentative said the deed transfer was an accounting update.

Korman Communities, which operates the AKA brand, is also a part owner in the building, which was last purchased in 2006 for $83.5 million, property records show.

In 2015, Korman announced plans to switch to selling condos both at Aka Sutto上海龙凤论坛 新上海贵族宝贝论坛n Place and AKA United Nations, at 234 East 46th Street. Howev上海夜网 阿爱上海同城er, the building at 330 East 56th Street has remained as a “luxury extended stay,” according to the company website. It is listed as a condo on StreetEasy, but there 上海同城对对碰交友社区 上海夜网论坛are no active sales.

The AKA United Nations was set to be Manhattan’s first crowdfunded tower. But last year, Prodigy[……]

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Amazon HQ2 New York

Stephen Ross on Amazon HQ2: “I don’t think New York has a chance” Bill Rudin argues talent trumps cost

From left: Jeff Bezos, Jeff Blau and Steve Ross

After Amazon announced its plans for a second headquarters, Related Companies approached the online retail giant with a simple pitch: “Wherever you go, we want to be your developer,” the company’s CEO Jeff Blau recalled at NYU Schack Institute’s annual conference上海千花网论坛 上海千花网 on capital markets in real estate Thursday.

Blau doubts that place will be New York City. He cited Washington, D.C., Boston and Chicago as his favorites to land Amazon. Related’s chair Stephen Ross, speaking on an earlier panel, was equally pessimistic. “I don’t think New York has a chance,” he said. “Other cities, it’s important to them and they’re offering incentives like you wouldn’t believe.”

MaryAnne Gilmartin, CEO of Forest City New York, agreed, citing New York s high cost of living and office development.

“I 上海千花网龙凤论坛 上海千花社区think it’s very difficult to imagine based on the cost structure,” she said.

Bill Rudin, head of Rudin Management, was more optimistic, pointing to 上海同城对对碰交友社区 上海夜网论坛firms like insurer Aetna that decided to move here despite the costs.

“They could have gone to a lower-cost location but they weighed that versus the talent and the people and the community,” he said. The firm is leasing the entire office portion of Aurora Capital Asso新上海贵族宝贝论坛 上海贵族宝贝交流区ciates and Vornado Realty Trust’s 61 Ninth Avenue in the Meatpacking District.

Several cities have gone out of th[……]

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Nestio

From the March issue: While OLR and RealPlus catered to the sales market, listings platforms for the rental market pretty much languished until 2011. That’s when Caren Maio and 爱上海龙凤419桑拿 上海龙凤论坛sh1fMike O Toole launched Nestio to address what Maio described as a “gaping opportunity” to bring modern technology to property owners and brokers who were manually tracking and managing rental listings.

“The incumbent was pen and paper, spreadsheets and people trying to utilize a database that wasn’t built for this segment of the market,” Maio said.

In 2015, Nestio raised an $8 million Series A round led by Trinity Ventures. What started as a tool for tracking rental inventory for landlords and owners now includes data, marketing, website and listing distribution services.

Click here to read the full story: Piping in listings, pumping out cash

Today, the 30-person firm works out of a 6,000-square-foot Flatiron office where the main conference room doubles as a cantina and a birch-tree wall divides communal spac阿拉爱上海同城 爱上海龙凤419桑拿e from workspaces.

In July, Nestio began offering custom websites, including a scheduler tool that lets potential renters book an appointment to see an apartment. (On the owner side, clients include Two Trees Managemen阿拉爱上海同城 爱上海龙凤419桑拿t and Olshan Properties, while on the brokerage side Compass, Keller Williams and Mirador Real Estate have signed on.)

Nestio estimates that it works with 10,000 agents citywide. Maio said the landscape in New York has changed, and one of the biggest needle-movers[……]

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608 Franklin Avenue

Yoel Goldman is bringing City Fresh Market to Crown Heights Grocer will move into the 16K sf space below 608 Franklin Ave

Harrison Balisky and the Dean at 608 Franklin Avenue

All Year Management has snagged a ret上海千花网论坛 上海千花网ail tenant for its block-long Crown Heights上海千花网交友 上海千花网论坛 rental building the Dean, signing grocer City Fresh Market to a 16,000-square-foot-lease.

City Fresh Market, which has over a dozen stores in the New York City area, will move a grocery into a 16,175 square foot, bottom floor retail space under the name Food Garden Market. The tenant will occupy the majority of the roughly 20,000 square feet of retail space available. The deal includes a basement section that the supermarket plans to use for storage and customer space.

Nestled between Bergen and Dean streets, the 120-unit rental property at 608 Franklin Avenue was developed by Yoel Goldman after he acquired the site from Crow Hill Development for $17.5 million in 2014.

It will easily be the largest supermarket in Crown Heights, according to EXR Group s Harrison Balisky, who along with colleague and Mac Posner, represented landlord in the transaction. City Fresh paid in the mid-$40s a square foot for the total space on the 30-year lease, accordin上海龙凤论坛sh1f 上海龙凤论坛g to Balisky.

It s a hot spot for retail right now, so this lease is big deal for this kind of area, said Balisky, who added that City Fresh planned to spend big on fitting out the space. VIP Realty represent上海龙凤论坛 新上海贵族宝贝论坛ed the tenant in the deal.

A further 2,150 squar[……]

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Senior living community proposed in Stamford by Massachusetts

Stamford could be getting a new senior living community, according to the Fairfield County Business Journal. National D上海千花网交友 上海千花网论坛evelopment and Epoc阿拉爱上海同城 爱上海龙凤419桑拿h Senior Living, both based in Massachusetts, hope to team up to build a 130-unit community at the former上海龙凤论坛 新上海贵族宝贝论坛 GE Capital property on Long Ridge Road, the outlet reported. Construction on the tentatively-named Waterstone at Stamford community could star爱上海同城论坛 爱上海同城t as early as next year. Epoch Senior Living already operates memory care communities in Norwalk and Trumbull. [FBJ]

Tags: Westchester Fairfield
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