NYC Co

Co-working companies are ramping up competition against commercial landlords 16 firms have leased 664K sf this year

WeWork space

Co-working companies have stepped up their game in New York City, increasingly competing with traditional commercial landlords for the same tenants.

Sixteen co-working compa上海龙凤论坛 新上海贵族宝贝论坛nies have leased 664,000 square feet in the city so far in 2018, David Falk, tri-state chairman of Newmark Knight Frank, told the New York Post. WeWork is inching closer to 3 million square feet, making it the second largest occ上海千花网交友 上海千花网论坛upier of space in the city after JPMorgan Chase.

Co-working is trying to scale very fast to be more competitive,” said Peter Turchin, vice chairman of CBRE.

Morris Levy, co-founder of the Yard, said companies are able to save 30 to 40 percent per person at a co-working space compared to a traditional office. At co-working spaces, companies aren t paying for common areas, internet, certain insurance and buildouts.

Previously, co-working companies were primarily competing for small, leftover space in buildings, but that s no longer the case. The average co-working site five years ago was less than 30,000 square feet, but companies are now taking 70,000 to 150,000 square feet. Jay Suites just net leased all of 15 West 38th Street — a 90,000-square-foot building — for its ninth location.

“Co-working sites have leased a lot of space, but now they are starting the e上海同城对对碰交友社区 上海夜网论坛nterprise model and going after tenants,” Falk s爱上海龙凤419桑拿 上海龙凤论坛sh1faid. “Landlords haven’t really felt the competition, but it’s present and more prevalent.” [NYP] — Kathryn Brenzel

Tags: Co-working NYC, Commercial Real Esta上海贵族宝贝 上海千花网龙凤论坛te
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John Catsimatidis

John Catsimatidis: I m taming Coney Island Red Apple Group head says h爱上海同城手机版 新爱上海同城对对碰论坛e’s “itching to build” more in Coney Island

John Catsimatidis and a rendering of Ocean Dreams at 3514 Surf Avenue in Brooklyn (Credit: 6sqft and John Catsimatidis)

John Catsimatidis is just getting started in Coney Island.

The billionaire Red Apple Group head is expanding his holdings in the neighborhood, the New York Times reported.

“We tamed Myrtle Avenue,” Catsimatidis told the Times. “Now we’re taming Coney Island.”

Dubbed Ocean Dreams, his rental complex has two 21-story towers that house 425 units at 3514 Surf Avenue. It’s slated to open上海龙凤论坛 新上海贵族宝贝论坛 next summer — and is the Catsimatidis’ fifth project in Brooklyn in less than a decade. He also owns land adjacent to Ocean Dreams, where “he is itching to build,” and another parcel a few blocks east, the report said. In all, Catsimatidis hopes to build five towers along the boardwalk on Surf Avenue.

The shift t上海千花网龙凤论坛 上海千花社区oward Coney Island follows previous projects in Fort Greene. In 2010, Catsimatidis complete the Andrea, a nine-story building. The 15-story Giovanni was built next to it five years later, and the Margo was finished in 2016. The fourth Fort Greene project, the Eagle, has 440 units and opened this year.

With Ocean Dreams, Catsimatidis told the阿拉爱上海同城 爱上海龙凤419桑拿 Times that prices won’t be set until closer to the start of leasing in the spring. A two-bedroom might be priced at $4,000 to $5,000, “depending on the floor,” he said. [NYT] — Meenal Vamburkar

Tags: Commercial Real Estate, coney island, John Catsimatid新上海贵族宝贝论坛 上海贵族宝贝交流区is
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Starwood Property Trust

Starwood s Barry Sternlicht optimistic about rising interest rates: We re going to make a lot of money Starwood reported slightly lower Q3 earnings due to high acquisition costs

Barry Sternlicht and Miami Beach (Credit: Max Pixel)

Starwood Property Trust s Barry Sternlicht isn t worried about rising interest rates. In fact, it s the opposite. We re going to make爱上海 爱上海同城手机版 a lot of money, he told analysts during a conference call on Friday.

The Miami Beach-based real estate investment trust, an affiliate of Starwood Capital, reported slightly lower third quarter earnings due to high acquisition costs, yet its results met analysts’ expectations.  The company said Moody s revised its ratings outlook to positive from stable.

Sternlicht, the company s chairman and CEO, was optimistic during the call. “I’m really excited about rising [interest] rates, which help our earni爱上海 爱上海同城手机版ngs per share. He called himself “one of the few people cheering” for rising rates.

For the quarter, Starwood reported $285.7 million in revenue, up 26 percent from $226.8 million in the third quarter of 2017. Its third quarter net income of $84.5 million or 33 cent上海夜网 阿爱上海同城s per share, was down 4.4 percent compared to 上海千花网论坛 上海千花网the same period of previous year. The decline is due to the company closing on its $2.5 billion acquisition of a GE energy-finance business in September. It included $上海千花网交友 上海千花网论坛9.9 million.

Meanwhile, the company s commercial and residential lending businesses reached record levels, with assets of $16 billion and commercial loans of $7.5 billion. The commercial and residential lending segment reported total revenue of $158.6 million.

Sternlicht s mother called him twice while he was on the conference call. My mother is calling, he told analysts, joking that perhaps she had a question on earnings.

He said he was “really not excited about our stock price, but scale in this business should help our credit status.” Starwood s stock was up 1 percent at 3 p.m. to $21.92 per share.

Tags: barry sternlicht, Commercial Real Estate, starwood property trust NAR hit with another antitrust suit over buyer-broker commissionsSears sues Eddie Lampert, alleging ex-CEO looted failing retailer of b…Silverstein might build 2 WTC on specOffice vacancy rates are rising in downtown Miami: report
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Morgan Stanley

Hamptons Cheat Sheet: Southampton properties merged into $73M mega listing, Peconic Bay fund earns $99M in real estate taxes … more

Clockwise from top left: For sale Southampton properties combined into one mammoth $73M listing, a shingled Water Mill mansion lists for $10.5M, sale of Westhampton waterfront home closes above $6.6M ask and nonprofit director Andrea Grover cuts her Sag Harbor home price to a bargain $795K.

For sale Southampton properties merged into $73M mega listing
Two Southampton properties — 359 Meadow Lane and 660 Halsey Neck Lane — are now being listed together as a 12.2-acre compound with a $72.5 million ask. The two properties have individually been on and off the market since 2017, but have now been merged by Bespoke Real Estate, which has the combined listing. The Meadow Lane portion had previously listed for $37.5 million, while the one on Halsey Neck Lane, known as the Four Fountains, had an ask of $35 million. Four Fountains was most recently owned by Bruce Bockmann, a former managing director at Morgan Stanley who now serves as chairman of The Spur, a co-working space in Southampton. The 15,700-square-foot compound has 15 bedrooms, two guest homes, two pool houses, three garages and about 700 feet of water frontage. The lucrative listing comes as the overall Hamptons housing market has slowed down with a 35 percent drop in sales during the fourth quarter of 2018 compared to the same time a year earlier. That dip wasn t as severe in the luxury market, which saw a smaller decline. [TRD]

Peconic Bay fund earned $99M from real estate taxes in 2018
A public program managed by five towns on Long Island s East End earned $98.97 million last year, 3.2 percent more than it had in 2017, 27east reported. The Peconic Bay Community Preservation Fund draws its money from a 2 percent real estate transfer tax in the towns of上海千花网龙凤论坛 上海千花社区 East Hampton, Riverhead, Shelter Island, Southampton and Southold. That money then goes to preserving historic properties, farmland and open community space, along with building parks and addressing water quality issues. Southampton pulled in the most of any of the towns, collecting $53 million, but still posted a 6 percent drop from 2017. The fund s purchases in the town exceeded $16 million in 2018 and included the $7.6 million acquisition of the former Lobster Inn in Shinnecock Hills. Southampton also used the fund s money to buy a construction site where builders uncovered remains believed to belong to a Shinnecock Indian Nation member. The town also floated buying the blighted Bel-Aire Cove Motel in Hampton Bays with the fund s money, but that plan was shelved. Officials reportedly believe the dip in Southampton revenues could be attributed to a decline in home sales due to ongoing economic uncertainty. [27east]

New documents show slowdown in East End developer permits
Housing inventory in the Hamptons has surged in recent years, and now developers have filed fewer permits for building, renovations, demol[……]

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Happy Living Development

Happy 上海千花网交友 上海千花网论坛Living lands $138M construction loan for once distressed West Harlem site Previous owner, Hans Futterman, lost the property to lender RWN

Madison Realty Capital managing principal Josh Zegen and 300 West 122nd Street

UPDATED, 1:00 p.m. April 1: Happy Living Development is ready to move forward with a big project in Harlem, on a site that fell into default in 2017.

The Crown Heights-based compan爱上海龙凤419桑拿 上海龙凤论坛sh1fy, led by Levi Balkany, landed a $138 million construction loan from Madison Realty Capital for its mixed-used project at 300 West 122nd Street, Commercial Observer reporte爱上海 爱上海同城手机版d.

Richard, Ryan and Adam Horowitz of Cooper-Horowitz negotiated the debt.

The site s previous owner, Hans Futterman, defaulted on a $37 million loan from Ari Shalam’s RWN Real Estate in 2016, and the lender took control of上海龙凤论坛 新上海贵族宝贝论坛 the property a year later. RWN then flipped the property to Happy L上海千花社区 上海千花网交友iving, the only other bidder at the bankruptcy auction, for $68.8 million.

Futterman claims the auction was a sham, and accused RWN of running a loan-to-own scheme in bankruptcy filings last year.

RWN has allowed Happy Living to start building on the property before the deal closes. Though a memorandum recorded in city property records last April stated that the deal would close on Dec. 1, no sale has as yet been recorded. Sources told The Real Deal last year that the deal was valued at about $70 million, or $20 million above the auction price.

Happy Living s plans include 155 condominium units and ground-floor retail for a Fresh Food grocery store. The building will also come with a rooftop lounge, a yoga room, a lap pool and a party room. [CO] — Kevin Sun

This story has been updated to include details of the sale that hit property records.

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” biochemical crisis 2: Refashion edition ” with original comparative video world-shaking changes

Now, intermediary Kotaku released outside ” biochemical crisis 2: Refashion edition ” the comparative video with original, as the heavy plate making that 20 years lie between when the paragraph, make newly got great progress in square field surface, watch video together. Comparative video:[……]

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Post of THQ Nordic hair makes a player aleatoric quiz all sorts of pornography replies let a person not have language

8chan is an United States most of fire stick website of graph discussion edition, multifarious netizen above free talks about all sorts of strange flower incident. Recently ” dark black blood relationship ” issue business THQ Nordic to be sent in 8chan post, did ” Ask My Anything ” activity, allow a player to ask any questions, draw all sorts of pornographic picture a money order receipt to be signed and returned to senders however, let a person very without language. THQ Nordic closed this one post subsequently, had excuse in the light of this matter, THQ Nordic expresses especially through pushing, we very advocate ” Ask My Anything ” activity, hope and player can interact sincerely, but the setting that is very sorry to did not investigate this platform. Our acceptance is in the assessment of this kind of activity is medium henceforth, can bear the blame more actively. In fact, the content of the problem of 8chan user and card is surprising not at all. 8chan author Fredrick Brenna thought 2013, 4chan is one of the most inordinate places on Internet. And 8chan develops the drive of 4chan to acme, 2015 because it is released ” cruel child content ” and be searched to include blacklist by Gu Ge. Again a lot of netizens move 8chan from 4chan later, because this 8chan becomes more foul. [……]

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Move play bulk to be optimized in the future! ” Apex hero ” first balance sex is adjusted give off

Last month, ” Apex hero ” of Sino-British hero ” move play bulk (HitBox) ” the intense discussion that what caused the player on Reddit, bulk heals old hero, move play bulk bigger also, be hit more easily also. Nevertheless, visit district person the hero of this kind of minor volume is worn not only play bulk not small, bigger instead. This problem also caused attention of Respwan atelier height, and first balance sex was given off now adjust. Respawn says, they are in the move of larger to those bulk part plays bulk to undertake changing. Meeting general is eroded, visit district person and of Gibraltar hit the target casing is contractible and hand-in-hand travel is better optimize, match their role model thereby. Respawn still expresses, if be necessary, they still can make farther adjustment, but the faculty that those likelihoods include to strengthen these roles, because be being optimized,playing bulk is a very big change, the player needs for a long time to just can suit. It is adjustment specific content below: · is optimized erode, visit district person and the move of Gibraltar plays bulk, this field is bigger to game whole influence, because this is done not have,roll out in be updated this. Heroic skill adjusts trap – cooling time from 30 seconds cut to 25 seconds. Trap – radius and spark radius increases about 10% . Trap – move the 1 second defer that divides pair of players to cause harm. Visit district person: Passive – the beacon of will complete map increases to from 10 12. Airdrop – move to drop except airdrop golden head / Jin Jia’s likelihood. Step empty sky – cooling time increases to 25 seconds from 20 seconds. Banjialuoer: Times doubler fast addition from 40% before, decrease 30% . Equipment balance sex adjusts ” young assistant ” auxiliary handgun: Firing rate is reduced 3.1 times from every second come 2.6 times; Wear installation of heart rifling fittings, explode the diploid addition of the head from 2.5 reduce to 2.25; Increased a waist to shoot bullet to distribute, reduced a waist to shoot after firinging, accurate heart restores rate. Peaceful defend Zhe San shoots a gun: Reduce fittings of canister gun rifle bolt to be opposite peaceful defend person firing rate addition (be aimed at this weapon only) , specific and abate: White rifle bolt: 10% reduce to 7.5% ; Blue rifle bolt: 20% reduce to 13% ; Purple rifle bolt: 25% reduce to 16% . The person that refresh rate adjusts auxiliary handgun and peaceful defend in all booty areas refresh rate is reduced; Energy weapon and ammo rise in the refresh rate of all booty areas. [……]

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Isle beautiful husband basks in photograph of black and white wind ” death is hard and fast ” new premonitory or editing and rearrangement is finished

Today (on May 12) beautiful husband of isle of producer of famous Japan game, the picture that gave a piece of black and white style is basked in on Twitter, in the photograph besides having model of beautiful husband of a half-length isle, writing on rear monitor ” work of isle atelier game ” (A Hideo Kojima Game) , ” is death hard and fast ” new premonitory already was editing and rearrangement finished? In the photograph of black and white color that in show of this piece of isle the husband releases, there is a video that broadcasting it seems that on monitor, and be being written ” work of isle atelier game ” (A Hideo Kojima Game) model of written characters, let together of person thoughts or recollections flashing across one’s mind not only. ” death is hard and fast ” already very long did not leak more new informations to the players that await anxiously, on the Tribeca 2019 film festival before, isle beautiful husband also did not release the game content that everybody expects. Look exhibit in the held on June 11 E3 this year on the meeting, the isle supervises ” death is hard and fast ” certainly will should bring a big surprise to everybody. ” death is hard and fast ” another is notable is, on the photograph besides these content, still one is opposite ” Ares ” father of leading role Kui and A Terou this the hand does, isle beautiful husband is right ” death is hard and fast ” expectation is certain very tall, the spirit with excelsior atelier of card of Mo Ni of most propbably emperor also is worn in infection supervise. [……]

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Play ahead of schedule ” total war the Three Kingdoms ” after vermicelli made from bean starch contracting cancer experiences blessing of 3 a providential escape, die

Newer on May 21: Undertake reportorial hind in us the following day, local time on May 19, 2019 (Beijing time on May 20) , the little brother Robbie of netizen TheMissingLink5 died. Post advocate the news of sb’s death that updated his little brother in Reddit Yuan Tie, the development business CA that help to they giving in these 3 days and blesses and netizens thanks: “Can let Robbie be in of life 3 days play the sport that loves most to him to be opposite finally the sense is extraordinary for my lifetime, thank everybody! ! ! ” former on May 19 news: “My little brother / the friend got cancer, XXX can play before last wish dies namely (” total war the Three Kingdoms ” ) . ” this saying may be common many small companionate conferences regard as stalk will play, but it is a real story this. Netizen U/TheMissingLink5 is in of Reddit ” full-scale war ” board piece hair post, complain tearfully his little brother was in all the time since the end of the year last year oneself make a fight with leukaemia. Although at the beginning the situation is hopeful, but disease recrudesce grows in intensity recently, his doctor told him to had not lived how long. TheMissingLink5 writes ” one of his desires play before die namely ” full-scale war: The Three Kingdoms ” , because the doctor had issued ultimatum, ” total war the Three Kingdoms ” day of put on sale is likely already too late. ” and the community government DogbertCA that develops business CA noticed this card gave out to warm the heart replies at top speed: “The thing that hears your little brother I am very sad, I just mailed to you the activation Key of game. ” TheMissingLink5 is very excited, transmit the message to the little brother in ward, update in post subsequently: “Because the net of the hospital is too bad really, I gallop immediately come home undertake download. Your feedback makes a person fab, I return ward, he is very excited get ready played! ” ” we surpassed a play greatly instantly, I can be bought personally certainly ” total war the Three Kingdoms ” , such I can cherish this one hour forever. Print your return one by one when me when coming out to read him to listen, his smile and joy are unapproachable, thank your everybody again! ” to a player, age is about to have an accuse and denounce at a meeting with incurable disease gently heartrending, but to CA and Reddit ” full-scale war ” community, with this kind the means of generosity and love gives two brother a collective glaring memory, at least gave them trifling light in darkness.   [……]

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