Abraham Brach

Developers add second building to
Broadway Triangle resi project Project at former P上海千花网 爱上海同城对对碰fizer property will be two buildings instead of one

58 Gerry Street in The Broadway Triangle

Developers Juda Klein and Abraham Brach have revised their plans for Brooklyn s Broadway Triangle, optin阿爱上海同城 阿拉爱上海同城g for two separate residential buildings on the site instead of one 41-unit property.

Klein, who heads Parkview Management, bought the last remaining lot of Pfizer’s Broadway Triangle site with a group of investors led by Brach in January for $27.5 million. Parkview then filed plans in March to build a roughly 100,000-square-foot, seven-story building with 41 residential units on the former site of Pfizer s headquarters at 58 Gerry Street.

However, the development team now plans to construct two buildings on the site instead of one, essentially splitting their original plans in half, according to Ben Frances of Parkview Management.

Klein filed plans with the city for one of those buildings on Tuesday, a new permit application sho上海夜网 阿爱上海同城ws. The mixed-use property would include 3,632 square feet of commercial space and 18 residential units across 37,392 square feet of residential space. The building would span 上海千花网 爱上海同城对对碰41,024 square feet in total, and Parkview plans to break gro爱上海同城手机版 新爱上海同城对对碰论坛und on it soon.

Although Frances had previously described the development to The Real Deal as upscale religious housing for the Orthodox Jewish community, in an interview on Tuesday, he stressed that the project would not just be for members of one group.

“I don’t want to leave anyone out. It’s meant for whoever lives in the area, really,” Frances said. “I don’t want to specify Jewish housing or anything like that.”

Tags: broadway triangle, Development
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NYC New Development Marketing Ranking

We ranked the 10 biggest new-development marketing firms by closed sales Corcoran once again claimed the top spot

Source: TRD analysis of sponsored sales in new development buildings t新爱上海同城对对碰论坛 上海同城对对碰交友社区hat closed between June 1, 2014 and May 31, 2017 in Brooklyn, Queens and Manhattan. Only buildings with a price-on-acceptance of $20 million or MORE were considered. To qualify as a new development, the offering plan on the building must have been effective AS of Jan. 1, 2010. Any buildings that were effective before 上海千花网交友 上海千花网论坛that date were not considered, unless a later amendment showed a new sponsor and sales offerings of at least $20 million. No re-sales were considered: Brokerages must have demonstrated that they were the sponsored agent on the building for their sales to count. TRD analyzed deeds recorded in ACRIS, listing credits in StreetEasy and OLR, and documentation from firms to assign credit.

For all the uncertainty in the market, The Real Deal’s latest ranking of new-development firms, in many ways, reflects our previous rankings — though this time around we’ve included projects in Brooklyn and Queens, where new condos have sprouted like weeds in the last five years.

The top firms on the ranking closed a combined $20.62 billion in new development condos in the last three years.

Once again, when analyzing closed sales, the Corcoran Group came out on top.

The firm — which has long been the most dominating force on New York’s new-development brokerage scene — closed $9.13 billion in new-condo deals during the three-year stretch between June 1, 2014 and May 30, 2017. Those deals were sealed at megaprojects including the 145-unit 56 Leonard, where a penthouse recently sold for $48 million, and the 123-unit Halcyon.

Clocking in at No. 2 was Douglas Elliman with $5.92 billion in closed sales during that same time. Its most high-profile assignment was CIM Group and Harry Macklowe’s 432 Park Avenue.

Elliman w上海贵族宝贝 上海千花网龙凤论坛as followed by Stribling Marketing Associates at No. 3 (with $1.48 billion), Halstead at No. 4 (with $1.11 billion) and CORE at No. 5 (with $928.8 million).

Brown Harris Stevens ($558.7 million), Sotheby s International Realty ($443 million, Compa上海千花网龙凤论坛 上海千花社区ss ($417.6 million), Town Residential ($388.5 million) and Modern Spaces ($251.1 million) rounded out the top 10 list.

There is a clear divide between the haves and ha上海同城对对碰交友社区 上海夜网论坛ve-nots: Corcoran and Elliman accounted for a staggering 73 percent of the top 10’s combined sales over the period.

Tags: New Development Marketing, Residential Real Estate
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Greenwich considers controversial affordable apartment construction plan

The Planning and Zoning Commission in Greenwich will decide the fate of a plan to build a 52,000-square-foot apartment building on Sound Beach Avenue after hearing final arguments this week. The 60-unit building’s developers, 143 Sound Beach Associates, believe that the 18 affordable housing units included in the plan will aid in its approval sinc上海千花网交友 上海千花网论坛e Connecticut law makes it difficult to deny permits to projects that include affordable housing if less than 10 per上海贵族宝贝论坛 上海贵族宝贝cent of the city’s housing is affordable. Greenwich falls well below that mark. Residents object to the plan because of a potential increase in traffic and a lack of parking. The pro阿爱上海同城 阿拉爱上海同城posal only offers 47 parking spaces, Greenwich Time reported. [Greenwich Time]

Tags: Westchester Fairfield
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Bess Freedman

Bess Freedman named co-president of Brown Harris Stevens Resi firm’s No. 2 has been staunch backer of RLS and a critic of StreetEasy

Bess Freedman and Hall Willkie

Bess Freedman — Brown Harris Stevens second-in-command — has been promoted to co-president of the residential brokerage.

In that role, she will run the firm alongside longtime brokerage head Hall Willkie, Willkie told agents in an email Thursday. It has been several years since my role as president can be accomplished by just one person,” he wrote. We are all extremely fortunate to work with Bess, and it is my honor to share with her not only the responsibilities of my job, but my title as well.

Trained as a lawyer, Freedman was an assistant district attorney in Maryland and worked for the Legal Aid上海贵族宝贝论坛 上海贵族宝贝 Society in New York City before turning to brokerage. Before BHS, she spent 10 years at the Corcoran Group, where she rose to senior managing director of the firm s East Side headquarters. She joined BHS in 2013 as managing director of sales and business development and in that capacity has challenged BHS reputation as an older, conservative firm.上海同城对对碰交友社区 上海夜网论坛

We do record-breaking sales, we’re known for that,” she told The Real Deal this summer during a wide-ranging interview. But the firm is also edgier and younger than it once was, she argued. “It’s evolved,” she said. “We’re growing.”

F上海贵族宝贝交流区 上海贵族宝贝论坛ounded in 1873, BHS has about 500 agents and closed more than $4 billion in sales last year. The firm, owned by Arthur and William Lie Zeckendorf s Terra Holdings, was affiliated with Christie’s for 22 years until this past June, when the auction house abruptly severed ties with BHS and opted to get into the brokerage game itself.

Freedman was outspoken on that issue and others roiling the residential brokerage world this year, including StreetEasy’s Premier Agent program.

She’s also been a staunch advocate for the Real Estate Board of New York’s syndicated listings feed and serves on the RLS board. “We think it’s the right thing to do for the industry and we recognize and believe strongly that having integrity is about doing the right thing — even when it’s not so convenient,” she told TRD in September, after Corcoran Group cut a deal with StreetEasy to have its agents post rental listings on the site.

In TRD s most recent ranking o上海同城对对碰交友社区 上海夜网论坛f new development marketing firms by closed sales, BHS placed sixth with $559 million in sales volume between June 1, 2014 and May 31, 2017. In a May 2016 ranking of residential firms by closed sales over a 12-month span, BHS ranked third with $2.02 bill爱上海 爱上海同城手机版ion in sales volume across 789 transactions.

Tags: Bess Freedman, brown harris stevens, hall willkie, Residential Real Estate
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Vanderbilt Mansion NYC

Johnson Johnson heiress UES mansion sells for $39M Billionaire Tianqiao Chen appears to be buyer of the Vanderbilt Mansion

16 East 69th Street

Johnson Johnson heiress Elizabeth Libet Johns上海千花社区 上海千花网交友on s Upper East Side mansion has sold for $39 million — an $8 million loss for the late socialite s estate.

Located at 16 East 69th Street, the Vanderbilt Mansion spans 12,000 square feet. Johnson, who died in June, bought the property for $47 million in 2011 and listed it for $55 million in 2016. The purchase price — $16 million less than the original asking amount —  works out to $3,220 per foot.

The buyer appears to be billionaire Tianqiao Chen, a tech entrepreneur and CEO of Shanda Group, according to property records filed with the city Thursday.

16 East 上海千花网 爱上海同城对对碰69th Street

Built in 1881, the brick-and-limestone house is 33 feet wide with seven bedrooms, a landscaped garden, five wood-burning fireplaces 上海龙凤论坛 新上海贵族宝贝论坛and two terraces. Its original owner was Alice Gwynne Vanderbilt. Johnson bought the property from Beauty.com founder Roger Barnett and Sloan Lindemann Barnett, George Lindemann s daughter.  She tapped architect Peter Marino to redo the interiors, which include a gym, sauna and steam room, hair salon and staff apa上海夜网 阿爱上海同城rtment.

After listing it for $55 million, Johnson briefly put the property on the rental market asking $95,000 a month. Weeks after Johnson s death last year, her estate lowered the asking price. Brown Harris Stevens John Burger and Sotheby s International Real Estate s Serena Boardman shared the listing.

Tags: Residential Real Estate, upper east side
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NYC Real Estate

Tune in next week for a few events!

On May 14, join us as we host our 11th Annual New York Showcase + Form from 10:30 a.m. to 5 p.m. at the Metropolitan Pavilion, 125 West 阿拉爱上海同城 爱上海龙凤419桑拿18th Street. Attend and mingle with investors, brokers, developers, financiers and more. Jay Badame of AECOM Tishman, Marty Burger of Silverstein Properties, Bess Freedman of Brown Harris Stevens, Raphael De Niro of Douglas Elliman, among others, will provide speeches at the event.

On May 15, join Bisnow as it hosts its Queens State of the Market event from 7:30 a.m. to 11 a.m. at the Melrose Ballroom, 36-08 33rd Street. Come and discuss the hottest development neighborhoods in Queens and who the biggest commercial tenants to influence the market. Helena Rose Durst of the Durst Organization, David Schwartz of Slate Property Group, Eri爱上海同城论坛 爱上海同城c Benaim of ModernSpaces, among others, will provide speeches at the event.

On May 16, join TerraCRG as it hosts its 8th Annual Brooklyn Only Real Estate conference at BAM at 30 Lafayette Avenue from 8 a.m. to 4 p.m. Join hundreds of re上海千花网 爱上海同城对对碰al estate professionals to discuss the powerfu上海千花网论坛 上海千花网l submarket. MaryAnne Gilmartin of L L MAG, Jed Walentas of Two Trees Management Company, Andrew Kimball of Industry City, among others, will provide speeches at the event.

To search for future industry events or browse pa爱上海同城论坛 爱上海同城st ones, click here. And to submit more industry events, please reach out to [email protected].

Tags: Commercial Real Estate, real estate events
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Real Estate’s Richest People



Money comes and money goes, but who wouldn t w新爱上海同城对对碰论坛 上海同城对对碰交友社区ant a little more of it? For most of us, the grass is always greener. When it comes to the world s wealthiest, the grass is fortunately very gree上海龙凤论坛sh1f 上海龙凤论坛n.

That being said, The Real Deal took a look at the top five richest people in U.S.爱上海同城 爱上海 real estate, according to Forbes billionaires list.

Tags: Richar新上海贵族宝贝论坛 上海贵族宝贝交流区d LeFrak, Stephen Ross, stephen schwarzman, Videos
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VTS

Goodbye brokers? VTS l爱上海同城论坛 爱上海同城aunching online commercial leasing platform Marketplace would focus on simple deals s上海夜网论坛 上海夜网panning less than 5,000 square feet

VTS CEO Nick Romito

UPDATED, Nov. 28, 6:25 p.m.: VTS is getting ready to launch a business that would automate some commercial real estate deals.

The start新上海贵族宝贝论坛 上海贵族宝贝交流区up tech firm is planning to launch the platform early next year, and it will focus on letting landlords and tenants negotiate directl爱上海同城对对碰 爱上海同城论坛y with each other on relatively small and simple commercial deals for less than 5,000 square feet, according to the Wall Street Journal. The system will work for larger deals as well.

The platform would allow landlords and tenants to negotiate deals without brokers, according to the Journal. But Nick Romito, VTS CEO, told The Real Deal that the product would be marketed to brokers, with the idea that the marketplace would make their jobs easier – similar to the way residential brokers use StreetEasy.

The five-year old tech firm and has created software to help landlords keep track of leasing deals throughout the entire process. It has information on roughly 9 billion square feet of office space in the top 20 U.S. markets, which will serve as the foundation for their new platform.

VTS merged with its rival Hightower in 2016 and has raised $106 million from Blackstone and other venture capital firms. Co-founder Brandon Weber told TRD earlier this fall that he would step back from his day job at the company but continue to sit on its board and work as an adviser to Romito. [WSJ] – Eddie Small

Update: This story has been updated to include commentary from VTS that indicates the firm will be marketing the new marketplace as a tool for brokers.

Tags: blackstone group, Commercial Real Estate, Tech
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Donald Trump

National Cheat Sheet: Moody s launches CRE data portal, Trump s childhood home hits the market … more

Clockwise from top left: Trump’s childhood home in Queens seeks $2.9M via bidding process, Moody’s Analytics’ new commercial real estate data portal will compete with CoStar, a report claims some 55,000 Keller Williams agents could be inactive ‘ghosts,’ and shopping mall operator Simon Property Group has a record fourth quarter in the midst of nationwide retail woes.

Moody’s new CRE data portal to compete with CoStar
The Real Deal has had its eyes on a potential showdown that became a reality this week when Moody’s Analytics上海千花网龙凤论坛 上海千花社区 officially made public its plans to give real estate data behemoth CoStar Group a run for its money. The financial services informati上海千花网交友 上海千花网论坛on giant has launched its commercial real estate data portal, known as the REIS Network, through which users will be able to access data from firms like CompStak and Rockport VAL. Moody’s named the portal after the commercial real estate data company it snapped up for $278 million last year. CoStar had long been interested in buying REIS, but antitrust concerns dissuaded the two parties. “Our goal is to become a leading source for data and analytics for commercial real estate transactions,” said a statement from Moody’s Analytics Accelerator executive director Keith Berry. [TRD]

Keller Williams could have 55,000 ‘ghost’ agents, report claims
More than 160,000 agents in the U.S. appear on Keller Williams’ official roster, but as many as 30 percent of those individuals could actually be “ghosts,” or agents who are inactive, don’t have a license or, in some cases, are dead, sources told Inman. Keller Williams president Josh Team acknowledged the numbers were off, but disputed Inman’s sources, stating that the amount of “ghost” agents likely stood between 10,000 and 15,000. Team noted that Gary Keller, who returned to his namesake firm last month as CEO, “took immediate action” when he learned there were agent count “inconsistencies” in January. [TRD]

Simon Property Group has record Q4 despite mall industry woes
Malls nationwide have taken a hit in the so-called “retailpocalypse,” but that didn’t stop Simon Property Group from having a record fourth quarter. The retail giant’s net income increased by 25 percent in the last three months of 2018, to $712.8 million, as its funds from operations jumped 3.5 percent, to $1.2 billion. CEO David Simon said in an earnings call that he was “excited” about the ways in which the mall industry has had to adapt. “There’s always been disruption in our industry,” said Simon, noting that he was “concerned about a few retailers,” but that ongoing unrest in the space is “something we’ve been able to withstand.” The good news for Simon came as Tom O Hearn, CEO of fellow shopping mall titan Macerich, said the company expected more store closures in 2019.  [TRD]

US commercial property sales almost set a new record in 2018
The total value of U.S. commercial prop[……]

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250 West 81st

Anonymous buyer picks up sponsor unit at Alchemy s UWS condo for $26M Alchemy developed the building at 250 West 81st Street

250 West 81st Street

A unit at Alchemy Properties’ 250 West 81st Street just sold for a steep $25.7 million.

The anonymous buyer of Unit 16A is “Do It Realty LLC,” according to records filed with New York City’s Department of Finance. The home is a sponsor unit at the condominium building.

Alchemy’s Timothy McCarthy was marketing the unit, which爱上海同城论坛 爱上海同城 was asking $25.2 million. Douglas Elliman s Stuart Sussman brought the buyer.

The home has nine bedrooms and eight bathrooms — and it spans 6,550 square feet. The building, designed by Robert A.M. Stern Architects, has 28 apartments with a slate of amenitie新爱上海同城对对碰论坛 上海同城对对碰交友社区s. The features include a sports court, a playroom, a fitness center, a golf simulator, a music recording studio and a library.上海龙凤论坛sh1f 上海龙凤论坛

Alchemy and the Carlyle Group bought the site for $51 million in 2016 with plans to replace the three-story retail building with residential condos. In 2017, the project secured $10上海夜网论坛 上海夜网2 mil爱上海龙凤419桑拿 上海龙凤论坛sh1flion in financing. The lender, Bank of the Ozarks — now Bank OZK —provided a $59 million construction loan and replaced a $42.5 million acquisition loan from Israel Discount Bank.

Ken Horn s Alchemy is best known for converting the upper floors of the Woolworth Building into luxury condos.

Tags: Luxury Real Estate, Residential Real Estate
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