Car Forklifted Williamsburg

Two Trees crew allegedly forklifted inconvenient car in Williamsburg: VIDEO The construction crew w爱上海 爱上海同城手机版as working on the Domino Sugar site in Williamsburg

UPDATE: 10:30 a.m., May 2: That’s forked! Construction workers a爱上海同城 爱上海t a luxury condo project in Williamsburg are accused of lifting an SUV off the street with a forklift and moving it to free up space on the building site.

The construction crew working on Two Trees Management’s $2 billion redevelopment of the former Domino Sugar Refinery were seen using a forklift to hoist an inconvenient 2004 Infiniti, according to the New York Post. They were only caught because a neighbor recorded the incident on their cellphone.

“You can’t just pick up somebody’s nice car and toss it wherever,” Henry Nahrwold, part of the family that owns the car, told the Post.

The family, who has lived near the Domino site for three decade新爱上海同城对对碰论坛 上海同城对对碰交友社区s, found their SUV moved onto the curb Friday afternoon from where it was illegally parked.

Repairs to the car could cost at least $2,600. Damage included a disfigured bumper, smashed undercarriage and impaired steering alignment, according to the Post.

“It’s outrageous. They could have at least left a note saying, ‘Hey, we picked your car up because we didn’t know what the hell we were doing,’” Nahrwold said.

A spokesperson for Two Trees laid the blame at the feet of the contractor, Yonkers-based RNC Construction.

“We prid上海贵族宝贝论坛 上海贵族宝贝e ourselves on being good neighbors and have reprimanded our subcontractor for this unacceptable behavior, the spokesperson said. We have been 上海夜网论坛 上海夜网assured that the subcontractor will fully pay for any damages.”

[NYP] –Christopher Cameron

Tags: construction, Domino Sugar factory, Two Trees Management
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Menachem Stark

Menachem Stark’s attacker found guilty of kidnapping, murder The Brooklyn landlord’s killer faces 25-to-life

From left: Menachem Stark (credit: Eli Wohl) and Kendel Felix

A Brooklyn Court found Kendel Felix guilty of kidnapping and killing landlord and developer Menachem Stark during a snowstorm in 2014.

Stark was abducted outside his Williamsburg office and suffocated inside 上海千花社区 上海千花网交友a minivan when one of his attackers sat on him. His scorched body was found in a dumpster near a Long Island gas station two days later.

Felix, a construction worker who worked on Stark’s properties, was the driver of the minivan, prosecutors said. He was convicted on charges of second-degree murder and first-deg上海夜网论坛 上海夜网ree kidnapping and sentenced to 25 years to life in prison.

Felix confessed to his part in the murder and said he could implicate at least two other accomplices. He told police his cousin orchestrated the attempted shakedown, and that Star爱上海同城论坛 爱上海同城k’s death was an上海龙凤论坛sh1f 上海龙凤论坛 accident.

There have been no additional charges or arrests against the alleged accomplices but the DA’s office said the investigation was still ongoing, the New York Daily News reported.

Stark, a member of the Samar community and a father of seven, was remembered as both a “reputed slumlord” and a “pillar of his community” after his death. He was an active developer in the Williamsburg-Greenpoint area with a spotty reputation, and was millions of dollars in debt at the time of his death.

After the verdict, Stark’s family told the Daily News that it was an emotional day, and that they hop上海龙凤论坛 新上海贵族宝贝论坛ed to see the rest of the killers brought to justice. [NYDN] Chava Gourarie 

Tags: menachem stark
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FiDi Retail

From the December issue: Westfield’s World Trade Center complex may have gotten off to a wobbly start, but Lower Manhattan’s retail scene appears to finally be finding its footing. Brookfield Place’s $250 million revamp brought in luxury retailers like Hermes and Burberry, as well as a food hall that quickly became a favorite of local families. Westfield World Trade Center is now fully leased, according to a spokesperson, and Pier 17’s new 300,000-square-foot retail space is slated to open next year. Meanwhile, the area’s demographics have changed — decades of 上海贵族宝贝交流区 上海贵族宝贝论坛residential conversions and the recent wave of construction have established a critical mass of younger, well-to-do residents. The population has doubled since 2000, and a third of families in the area earn $200,000 or more, according to the New York State Comptroller. And financial services, once the district’s defining industry, now accounts for only 34 percent of total jobs in the are新爱上海同城对对碰论坛 上海同城对对碰交友社区a, compared to 56 percent in 2000. With that new demographic in mind, Whole Foods is set to open a new store at One Wall Street in 2018. “It’s a big deal,” said Susan Kurland, executive vice president and co-head of global retail services at Savills Studley. And it’s not just families and office workers who are driving the retail scene — the district has seen a huge influx of tourists, with the WTC memorial bringing 14 million visitors to the area annually. The greater diversity Downtown has extended the shopping day, broadened demand, and created a unique retail mix distinct from Soho or Tribeca, according to industry observers. “FiDi stands on its own,” said Lee Block, executive vice president at Winick Realty Group. “It has its own daytime workforce population, its own residential population, and retail coming in to serve that population.”

For our third and final web installment, we turn to Susan Kurland of Savills Studley, David C. Berkey of L L, and Jessica Lappin of Alliance for Downtown New York.

Susan Kurland

Susan Kurland
Executive vice president and co-head of global retail services, Savills Studley

Between Westfield and Brookfield Place, should there be concerns about the luxury retail market becoming oversaturated? How has the downturn in the financial industry affected foot traffic and sales?
Downtown Manhattan gets an inordinate amount of traffic. I don’t Think Feet On The Street is a problem at all. I also don’t think there is too much luxury. I don’t think people will specifically go down there, but if they are living there, why would they need to go up Madison Avenue or 57th Street to shop? It’s a matter of convenience.

How does the retail district differ from other Downtown areas like Tribeca and Soho?
Soho is a lot a lot of brands. Every brand you can think of is there. Tribeca is getting more retail tenants, but I don’t personally consider Tribeca, with its quiet demeanor, to be a shopping environment.

In June, the City Council approved plans to rezone the pedestrian arcades[……]

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Isaac Gindi

The apartment at 380 Rector Place (credit: Douglas Elliman)

Updated 9/7/2017: A penthouse apartment owned by the Gindi family has just hit t上海千花社区 上海千花网交友he market asking a hair under $9 million, per city records.

(credit: Douglas Elliman)

Isaac S. Gindi appears to be the original owner of the apartment at 380 Rector Place, according to city records. He bought it in 1995上海龙凤论坛 新上海贵族宝贝论坛, though he transferred it into a family trust in 2008.

(credit: Douglas Elliman)

The family seems to have pretty eclectic decorating taste, and the apartment is outfitted with some unusual artwork上海千花社区 上海千花网交友 (including a poster that reads Air Gindi ). The listing阿爱上海同城 阿拉爱上海同城, with Allen Davoudpour and Allison Tintenfass of Douglas Elliman, notes that the unit has two bedrooms, two bathrooms and a 2,500-square-foot private roof terrace with an outdoor shower and jacuzzi.

(credit: Douglas Elliman)

(credit: D爱上海龙凤419桑拿 上海龙凤论坛sh1fouglas Elliman)

(credit: Douglas Elliman)

(credit: Douglas Elliman)

(credit: Douglas Elliman)

(credit: Douglas Elliman)

Tags: Lifestyle
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Honest Buildings

Honest Buildings raises $13M from Brookfield, Rudin, others in Series B round Previous investors include Joshua Kushner, Milstein family

Bill Rudin, Riggs Kubiak and Ric Clark

UPDATED, Oct. 12, 9:48 a.m.: Construction management software startup Honest Buildings raised $13 million in a Series B funding r上海千花网龙凤论坛 上海千花社区ound that included Brookfield Property Partners, Rudin Ventures and C-III Capital Partners, the company announced Wednesday.

Venture capital firms Navitas Capital, Greensoil Building Innovation Fund, Bienville Capital Management上海千花网论坛 上海千花网 and Riverpark Funds also took part in the round along with pre上海夜网论坛 上海夜网vious investors The Westly Group, Rockport Capital, Circle Ventures and Thrive Capital.

Honest Buildings, f上海千花网论坛 上海千花网ounded by Riggs Kubiak in 2012, is an online construction project management platform for landlords and developers, allowing them to manage and solicit bids from contractors and oversee budgets, among other features. It started off as a “Linkedin for real estate” matching developers with architects and construction firms before it changed its business model in 2015.

The latest round brings its total venture funding to around $30 million, according to Crunchbase. In June 2015 it raised $5 million in a Series A-2 round led by the Milstein family’s venture arm, Circle Ventures.

Honest Buildings says its customers include Brookfield, Invesco, Beacon Capital Partners, the Durst 新上海贵族宝贝论坛 上海贵族宝贝交流区Organization, Silverstein Properties, Harvest Properties, Divco West and Washington REIT.

“We have seen valuable cost and time efficiencies driven by its platform as we continue to roll it out across our portfolio,” Brookfield’s real estate head Ric Clark said in a statement.

Correction: Rudin Ventures, the venture investment arm of the Rudin family, invested in Honest Buildings not Rudin Management.

Tags: Brookfield Property Partners, Honest Buildings, Rudin Management, Tech
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With Pepsi’s White Plains workforce growing, landlord plans new parking garage

The owners of PepsiCo’s campus in White Plains will add a three-story, 495-spot parking garage to accommodate the soda company’s growing workforce in the area. PepsiCo leased temporary space at the property in 2012 while renovating its offices in Purchase, and after a $10 million upgrade in White Plains, it leased both buildings at the 370,000-square-foot campus. Onyx Equities 上海千花网论坛 上海千花网bought the property through Westpark Associates NY LLC f上海千花社区 上海千花网交友or $56.6 million in 2014. [WBJ]

Tags: Westchester Fairfield
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Sale

880-888 Broadway

Sale-leaseback deal activity exploded in 2017 as corporations look to cash in on爱上海同城 爱上海 demand for fully-occupied real estate, particularly in manufacturing and healthcare.

Sales of single-tenant, owner-occupied buildings grew 40 percent to $74.8 billion in 2017, according to Real Capital Analytics. The data only includes deals valued at $2.5 million or more.

“On the deals that we are doing right now I’m seeing some of the lowest cap rates on the credit and the product that I have 上海同城对对碰交友社区 上海夜网论坛seen in a long time,” Guy Ponticiello of CBRE’s capit上海贵族宝贝论坛 上海贵族宝贝al markets team told National Real Estate Investor. Demand for healthcare and industrial assets is particularly high, he added.

But not all properties are in demand. “Where we’re seeing some caution is r上海贵族宝贝论坛 上海贵族宝贝elated to specific pockets, such as big-box retail and suburban office,” Scott Merkle of brokerage Stan Johnson Co. told the outlet.

Last year, ABC Carpet Home sold and agreed to lease back its building at 880-888 Broadway in Man上海龙凤论坛 新上海贵族宝贝论坛hattan. [NREI] Konrad Putzier

Tags: Commercial Real Estate
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Artificial Intelligence Real Estate

AI tech takes aim at resi industry investors Big data providers race to develop products to better match institutional investors with single-family home listings

Entera founder Martin Kay and single family homes (Credit: E上海千花网 爱上海同城对对碰ntera and iStock)

The next big arms race in institutional residential investing may just involve artificial intelligence.

A handful of companies are developing ­big data te上海龙凤论坛 新上海贵族宝贝论坛chnologies to help institutional investors find the homes they want and buy them in bulk, according to the Wall Street Journal.

That’s allowed their customers, like hedge funds and private equity investors, to scoop up more homes faster than ever before.

Firms including Entera Technology, Progress Residential and Amherst Residential each feed thousands of data points into their algorithms to find suitable investments for their institutional clients. That includes listing information l爱上海龙凤419桑拿 上海龙凤论坛sh1fike age of the property, the number of rooms and square footage.

Institutional investment in single-family real estate in particular spiked in the wake of the economic crash, which has made the market more competitive. Algorithms could help investors find yield where they may not have looked before.

En上海贵族宝贝论坛 上海贵族宝贝tera processes more sophisticated data like a home s orientation and location of its kitchen, and the amount of light it receives during the day. The company s computers can also scan listing photos to find images of a sunny kitchen based on similar photos they have fed into the machines.

It also scans data to see if a yoga studio or Starbucks — which could indicate a gentrifying neighborhood — has opened nearby 爱上海龙凤419桑拿 上海龙凤论坛sh1frecently.

Amherst s technology can also project the cost of potential renovation work — based on jobs on similar properties — giving the investor a look ahead, according to the Journal. [WSJ] — Dennis Lynch 

Tags: Big Data, Tech
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Andrew Cuomo

Andrew Cuomo (Credit: Getty Images)

In an FDR-stylized speech laying out his third-term priorities on Monday, Gov. Andrew Cuomo doubled down on ending vacancy decontrol.

Cuomo vowed to end the policy, by which apartments are deregulated once the rent reaches $2,733爱上海同城手机版 新爱上海同城对对碰论坛.75 and the unit is vacant. The governor has previously called for an end to the policy, but now, with a Democratic Senate, such a change has a better chance of approval by the state legislature.

The lack of affordable housing is a crisis across this state and across this nation, he said, according to Crain s.

Cuomo, who has been accused of not throwing the weight of his office behind such policies, also said he d push to end corporate contributions to political campaigns, though he s long been a beneficiary of the so-called LLC loophole.

He also expressed support for what he called a “Green New Deal,” which he said would make New York “100 percent carbon neutral” by 2040, the Wall Street Journal reported. The term has also been used by Council member Costas Constantinides, who sponsored a bill that seeks to reduce greenhouse gas emissions in the city by 40 percent in the next decade.

Cuomo, who ha爱上海同城手机版 新爱上海同城对对碰论坛s emphatically said he s not making a play for the White House, framed his speech as a response to President Trump.

“Let this agenda be New York’s declaration of independence. We declare independence from this federal government’s policies,” Cuomo said. “Let us be inspired by FDR’s 1933 New Deal and do it in the first 100 days.”

He also said he d push for the legalization of recreational marijuana, which he 上海贵族宝贝 上海千花网龙凤论坛called a gateway d上海千花网 爱上海同城对对碰rug just last year.

[WSJ and Crain s上海千花网交友 上海千花网论坛] — Kathryn Brenzel

Tags: Andrew Cuomo, Politics
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