Sarah Jessica Parker

Sarah Jessica Parker got a discount on her Greenwich Village townhouses Final closing price was $34.5M: sources

Carrie Bradshaw may have paid full price for her Manolo Blahniks but, in real life, Sarah Jessica Parker seems to like a bargain.

The Sex and the City actress paid just $34.5 million for two adjacent townhouses at 273-275 West 11th Street, a sharp drop f上海龙凤论坛 新上海贵族宝贝论坛rom the properties original reported value of $44 million, sources told The Real Deal. 

The final closing price equates to just $2,482 per square foot, a discount to the average of $3,412 per square foot paid for a luxury townhouse in Manhattan last year, according to a report by Douglas Elliman.

A spokesperson for Eastern Consolidated, the firm listing the properties, declined to comment. The company s website shows the brokers as Chad Ian Sinsheimer, Steven Zimmerman, Tripp Lyons and Wade Hazelton. Eastern began seeking offers on the property last fall news reports suggested it might fetch up to $44 million but the most recent asking price on the company s website was $35 million.

Parker inked a contract to 爱上海同城 爱上海buy the properties earlier this year from the United Methodist Women, a nonprofit that had owned them since the 1920s. The deal has now closed.

The two properties collectively total 13,900 square feet and could be combined into a single-family mansion. The properties also come with a 2,100-square-foot private garden, as The Rea上海夜网论坛 上海夜网l Deal pr阿爱上海同城 阿拉爱上海同城eviously reported.

Tags: sarah jessica parker
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Mayor Bill de Blasio

De Blasio, REBNY teamed up to win control of public schools The mayor and real estate lobbying group also collaborated on 421a

Steve Spinola and Bill de Blasio

The powerful Real Estate Board of New York is known for its ability to flex its political muscles for the benefit of developers and landlords. But it appears that the lobbying group has also sought to influence elected officials on other matters — namely, the city s public schools.

The de Blasio administration sought REBNY s help in winning an extension of the city s control of public schools in 2015, according to a report by City State.

After James Patchett, chief of staff to Deputy Mayor for Housing 上海夜网论坛 上海夜网and Economic Development Alicia Glen requested REBNY s support for a three-year renewal of mayoral control over the city s schools, REBNY s then-president Steve Spinola responded within an hour that he would do what he could. (De Blasio received one-year extensions in both the 2015 and 2016 legislative sessions.)

The cozy relationship also benefited R新上海贵族宝贝论坛 上海贵族宝贝交流区EBNY members.

When members projects stalled in regulatory purgatory, REBNY sought guidance from the mayor s staff and received prompt replies, according to documents City State obtained through a Freedom of Information Law request. The city and REBNY also collaborated on policy matters, including the 421a tax abatement.

A REBNY spokesperson said the group has historically lobbied on behalf of issues that impact the city s well-being because 爱上海龙凤419桑拿 上海龙凤论坛sh1fof the strong interrelationship between the economic success of the city and the health of its real estate industry.

For the mayor s part, spokesperson Austin Finan said a range of individuals and business group s supported de Blasio s bi上海贵族宝贝交流区 上海贵族宝贝论坛d for long-term control of the city s public schools.

Regarding 421a, documents suggest City Hall and the lobbying group collaborated extensively — to the chagrin of some union leaders.

It s clear now that a lot of the basis of this position is really from REBNY’s analysis,” said Gary LaBarbera, president of the Building and Construction Trades Council of Greater New York, referring to the mayor s opposition to certain wage standards.

The mayor s office disputed that notion. “Finding the balance between good wages for workers and ensuring that the construction of affordable housing is economically feasible has been our sole guiding influence in prevailing wage discussions, Finan said. [City State]  E.B. Solomont

Tags: bill de blasio,爱上海龙凤419桑拿 上海龙凤论坛sh1f REBNY
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Features That Sell Homes

These 15 features sell homes the fastest and at the best price In NYC it’s all about exposed brick上海千花社区 上海千花网交友

Screengrab of a barn door via YouTube

It turns out homebuyers are really into barn doors.  When Zillow looked at design features that sell homes at the best price and with the shortest listing time, that feature topped the list.

Anything craftsman-style, like rectangular farmhouse sinks, also got homes off the market at a premium. And in New York, exposed brick moved apartments.

Zillow Digs screened over 2 million listings for homes sold between J上海千花网论坛 上海千花网anuary 2014 and March 2016 and looked for the keywords that had the best effect on how much more than the expected price and how much faster they sold.

Here are the top 15 design features:

Outdoor kitchen

Percent of homes that sell for above expected values: 3.7 percent

How many days faster than expected the home sells: 19

Most common metro: Tampa, Florida

Tankless water heater

Percent of homes that sell for above expected values: 4 percent

How many days faster than expected the home sells: 43

Most common metro: Los Angeles, California

Backsplash

Percent of homes that sell for above expected values: 4.1 percent

How many days faster than expected the home sells: 46

Most common metro: Philadelphia, Pennsylvania
Granite

Percent of homes that sell for above expected values: 4.1 percent

How many days faster than expected the home sells: 38

Most common metro: Dallas, Texas
Stainless steel

Percent of homes that sell for above expected values: 4.2 percent

How many days faster than expected the home sells: 42

Most common metro: Chicago, Illinois
Heated floors

Percent of homes that sell for above expected values: 4.3 percent

How many days faster than expected the home sells: 28

Most common metro: Seattle, Washington

Flickr/Custom Carpentry by CPT

Frameless shower

Percent of homes that sell for above expected values: 4.6 percent

How many days faster than expected the home sells: 38

Most common metro: Dallas, Texas

Pendant light

Percent of homes that sell for above expected values: 4.6 percent

How many days faster than expected the home sells: 48

Most common metro: Phoenix, Arizona

Lachlan Hardy/Flickr

Exposed brick

Percent of homes that sell for above expected values: 4.9 percent

How many days faster than expected the home sells: 36

Most common metro: New York, New York

Craftsman

Percent of homes that sell for above expected values: 5.4 percent

How many days faster than expected the home sells: 14

Most common metro: Seattle, Washington

Quartz

Percent of homes that sell for above expected values: 6 percent

How many days faster than expected the home sells: 50

Most common metro: Los Angeles, Californ上海千花网交友 上海千花网论坛ia

Emily May/Flickr

Subway tile

Percent of homes that sell for above expected values: 6.9 percent

How many days faster than expected the home sells: 63

Most common metro: Philadelphia, Pennsylvania
Farmhouse sink

Percent of homes that sell for above expected values: 7.9 percent

How many days faster than expected the home sells: 58

Most common metro: Los Angel[……]

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Manhattan Single

Scorecard: Manhattan single-family home sales mirror softening luxury market A monthly roundup of data and reports on the residential market

From the November issue: The total dollar上海贵族宝贝交流区 上海贵族宝贝论坛 volume of sales for one- and two- family Manhattan homes — primarily pricey townhouses — was down 23.6 percent for the first nine months of this year compared to the same time in 2015. A TRD analysis of NYC Department of Finance sales data found that both the total number of transactions and the median sales price for this category also dropped.

“A lot of product that has sat on the market this year is just not realistic,” said Prince Dockery, a broker at Town Residential , speaking about prices in the townhouse sector.

Do上海同城对对碰交友社区 上海夜网论坛ckery said the drop in townhouse sales is part of the overall softening at the top of the market. He said some townhouse sellers upt上海贵族宝贝 上海千花网龙凤论坛own are sett阿爱上海同城 阿拉爱上海同城ing asking prices too high and not seeing much interest, prompting them to shift strategies and rent their homes.

Outside of Manhattan, however, one- and two-family home sales are surging. Total sales dollar volume rose in Queens, the Bronx and Brooklyn, while the number of transactions jumped in both the Bronx and Queens. The Bronx saw the largest sales-volume spike during the first nine months of 2016 year over year, climbing 26.9 percent.

“About a third of our buyers are coming from other boroughs,” said Manny Pantiga, founder of the Bronx-based Pantiga Group brokerage. Buyers are pouncing beca上海贵族宝贝论坛 上海贵族宝贝use prices in their own boroughs have gotten too high, he said.

Tags: single family homes
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Brooklyn Navy Yard

Brooklyn Navy Yard refinances $60M EB-5 loans Sterling National and Symetra issue new financing

Brooklyn Navy Yard

The Brooklyn Navy Yard landed two loans from Sterling National Bank and Symetra Life Insurance Co上海千花网交友 上海千花网论坛mp上海同城对对碰交友社区 上海夜网论坛any to refinance $60 million in EB-5 debt.

Th上海千花网论坛 上海千花网e $30.75 million loan from Sterling carries a 15-year term, and the $31.68 million Symetra loan has a 21.5-year term. The two loans replace EB-5 debt the Navy Yard took out in 2009 the first of three EB-5 loans taken out by the Yard through the New York City Regional Center. The Singer Bassuk Organization brokered the loan.

“These loans demonstrate the financial health of the Brooklyn Navy Yard and place the Yard on strong financial footing as we undergo our largest expansion in 50 years,” David Ehrenberg, head of the Brooklyn Navy Yard Development Corporation, said in a statement. The Corporation manages the city-owned industrial hub, which is home to 300 firms and 7,000 employees.

According to a 2012 Crain’s article, the Navy Yard used the EB-5 money to fund part of the construction of a new, 89,000 industrial building and the expansion of an existing manufacturing center, as well as infrastructure work.  The Yard’s head at the time, Andrew Kimball, described the money as “like a gift from the gods.”

“At first, w新上海贵族宝贝论坛 上海贵族宝贝交流区e were sort of scratching our heads, thinking, is this real?” he told Crain’s. “The next thing we knew, we were falling out of our chairs.”

The EB-5 program, which offers foreigners green cards in return for job-creating investments in the U上海龙凤论坛sh1f 上海龙凤论坛.S., has become a popular source of financing for New York’s developers. But it faces an uncertain future as federal lawmakers debate its merits: it is set to expire in April. Konrad Putzier

Tags: brooklyn navy yard, EB-5
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Dual Agency New York

New rules for residential brokers on both sides of deals in California have raised old issues in NYC

Albany has a clear warning for consumers facing brokers who represent both buyers and sellers on a residential real estate deal. “BE WARY OF DUAL AGENCY,” the New York Department of State’s Office of the General Counsel trumpets in bold on its website.   

Make no mistake, though — the practice is entirely legal in New York. It occurs when brokers em阿拉爱上海同城 爱上海龙凤419桑拿ployed by the same firm represent the buyer and the seller. It can also happen when a seller’s broker finds a buyer or tenant for a property and then represents both parties. Such situations crop up frequently in New York City. In 2011, a new law made dual agency easier but at the same time upped disclosure rules about it.

More recently, a California Supreme Court decision上海同城对对碰交友社区 上海夜网论坛上海千花网论坛 上海千花网 has stoked new worries about the future of dual agency. In that November case, Horiike v. Coldwell Banker, the court ruled that a brokerage representing a buyer and seller in a transaction owes both parties the same fiduciary responsibilities. That can be a tall order for residential agents. In New York, clients sign a consent form that basically acknowledges that a dual agency means that the brokerage’s attention is divided — but not necessarily evenly. Below is a primer on the complexities of dual agency.

When is dual agency permitted in New York? 

In New York, not only can a brokerage represent both sides on a deal. In many cases, it’s unavoidable. Here a handful of big firms — Douglas Elliman, the Corcoran Group, Sotheby’s International, Brown Harris Stevens and a few others — dominate the market. As a result, having brokers from one firm sitting on both sides of the table is hardly unusual.

What did the 2011 law change?

Before then, brokers were barred from getting advanced consent to dual agency. Such consent basically means that the brokerage obtains written permission from the seller and buyer before a dual agency can take place. Without that permission, prospective parties on both sides had to sign disclosure forms each time an agent from the listing brokerage wanted to show a property to a potential buyer. The bill, signed into law by Gov. David Paterson in August 2010, went into effect in January 2011, paving the way for advanced consent.

The b上海千花网龙凤论坛 上海千花社区roker still must let the buyer and seller know when a dual agency is about to take place, and get their written consent. But that disclosure comes when “substantive contact” is first made. What constitutes “substantive” is a bit foggy. Typically, matters reach that level when negotiations begin. At that point brokers need written acknowledgement from buyers and sellers that they understand the firm’s multiple roles.

In another change, the new law covers dual agency in deals involving condominiums and cooperatives, which were previously excluded from disclosure rules. The new rules also allow sellers and buyers to designate specific agents at a broker[……]

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Carried Interest

Mnuchin: Maybe we’ll keep the carried interest loophole after all Treasury Sec wants to exclude “job creators” from new rules

Treasury Secretary Steve Mnuchin (Credit: Getty Images)

The carried interest loophole may live to enrich another day at least for some funds.

“We will close the loophole for hedge funds in carried interest,” Treasury Secretary Steven Mnuchin said at an event in Kentucky on Monday, according to Bloomberg. “What we are focused on is there are many other types of funds that do create jobs and we want to make sure we don’t discourage investment.”

It wasn’t immediately clear what kind of funds Mnuchin meant, and how many jobs they need to create to still receive the ben爱上海龙凤419桑拿 上海龙凤论坛sh1fefit of the loophole. Carried interest rules allow fund managers to tax much of their income at the capital gains rate, rather than the much higher income tax rate.

During his campaign President Trump railed against the loophole, saying it allowed hedge fund managers to 上海千花社区 上海千花网交友get “away with m爱上海同城手机版 新爱上海同城对对碰论坛urder.”

The Blackstone Group, the nation s largest private landlord, is one of the firms benefiting from carried interest rules. 上海龙凤论坛 新上海贵族宝贝论坛[Bloomberg] Konrad Putzier

Tags: Politics
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US Retail

Traditional retailers have outperformed Amazon so far this month Shares of Macy’s, Nordstrom turn around after poor start to the year

From left: Macy s Herald Square, Amazon s Jeff Bezos and a rendering of NYC s first Nordstrom

Traditional retailers are on track to see their best新爱上海同城对对碰论坛 上海同城对对碰交友社区 month in more than a year, even as shares of e-commerce giant Amazon lag.

The S P 500’s retail sector climbed 4 percent since the beginning of September, its best month since July 2016, the Financial Times reported.

Shares of Macy’s climbed 9.1 percent after dropping 42 p爱上海同城对对碰 爱上海同城论坛ercent from the beginning of the year through the end of August. And Nordstrom, which saw shares drop 7 percent so far this year, rallied 6 percent at the end of the 上海贵族宝贝 上海千花网龙凤论坛day on the news that private equity firm Leonard Green was going to take the company private.

Amazon, which is also part of the index, saw its shares fall 1.9 p新爱上海同城对对碰论坛 上海同城对对碰交友社区ercent this month after climbing by a third during the first eight months of the year.

Several “left-for-dead retail stocks” saw the best upward revisions and beat their earnings projections, analysts at Nomura Instinet wrote in a report this month.

Traditional retailers have been thinking of ways to remake their real estate amid falling revenues. The上海龙凤论坛sh1f 上海龙凤论坛 most active on that front in New York have been Hudson s Bay Companies and Macy s. [FT] – Rich Bockmann

Tags: amazon, Commercial Real Estate, Retail Real Estate
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Riverside Galleria

Borough President James Oddo and a rendering of Riverside Galleria in Staten Island (Credit: St新爱上海同城对对碰论坛 上海同城对对碰交友社区udio V)

Two key politicians withdrew their s上海千花网 爱上海同城对对碰upport for a planned 470,000-square-foot shopping center along Staten Island’s waterfront.

Borough President James Oddo and Councilmember Joe Borelli said they are concerned the development, dubbed Riverside Galleria, could lead to traffic jams.

Frankly, I have no faith in the traffic plan presented to us, and the threat of a weeklySaturday morning traffic Armageddon along Arthur Kill Road easily outweighs the value of reclaiming this stretch of waterfront and the other comparatively limited positives I saw as potentially emanating from this project, Oddo said in a statement.

The Shopping Center On Arthur Kill Road, proposed by developer Melohn Properties 阿拉爱上海同城 爱上海龙凤419桑拿would include a dine-in movie theater and a rooftop bar, DNAinfo reported.

Last month, Oddo claimed Melohn was trying to duck a state rule that would require the project s new streets to be placed on the city map. If it loses that gambit, Melohn s project would have to go through the city s land-use review process.

Oddo has a history of fighting development pro上海同城对对碰交友社区 上海夜网论坛posals. In 2015, he attacked the Savo Brothers Mount Manresa housing development project, and won a court ruling that allowed him to rename the development s streets after greed and deception, much to the chagrin of the developer. [DNAinfo] Konrad Putzier

Tags: Development, Ja上海千花社区 上海千花网交友mes Oddo, Politics
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