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Goldstein Hill & West

And then there were two: Alan Goldstein leaves eponymous architecture firm Firm has changed name to Hill West

From left: Alan Goldstein, L. Stephen Hill and David West

In 2009, Alan Goldstein and two others broke off from partner Costas Kondylis, an architect well known for his designs for上海贵族宝贝 上海千花网龙凤论坛 Donald Trump, to form their own d上海千花网交友 上海千花网论坛esign firm. More than seven years later, the firm has grown into one of the city s most prolific shops, but 新上海贵族宝贝论坛 上海贵族宝贝交流区representatives announced Tuesday that it will move forward without Goldstein and with a new name.

Goldstein retired from Goldstein Hill West on Dec. 31, a representative for the firm confirmed on Tuesday. The firm announced its new name, Hill West, after remaining partners Stephen Hill and David West, early Tuesday, tweeting its new website.

Goldstein, 67, said he is looking forward to traveling with his wife and working at beating his golf handicap. He s also considering taking some courses in science and math — perhaps astronomy and calculus — as a partial return to one of his earliest interests before he became an architect. Goldstein came from a family of engineers and initially considered a career in the field before ultimately choosing architecture. Goldstein was a partner at Costas Kondylis and Partners from 1989 to 2009 before he cofounde新爱上海同城对对碰论坛 上海同城对对碰交友社区d the eponymous firm. He received his degree from City College of New York School of Architecture in 1972.

I ve been working for almost 45 years, and I think the time has com[……]

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Bank of the Ozarks

Bank of the Ozarks chief urges perspective on deteriorating condo prices “We are still getting paid off,” George Gleason told analysts Tuesday

Clockwise from left: Renderings of 9 Dekalb Avenue, Tishman Speyer s Macy s Development, Xinyuan s 615 10th Avenue and George Gleason

Sometimes it seems like Bank of the Ozarks is 上海千花社区 上海千花网交友the only show left in town, lending hundreds of millions to developers across the city amid a condo financing drought. Its aggressive approach has led some industry insiders to question whether the Arkansas-based lender is becoming overexposed to a downturn in the New York City condo market.

Not so, according to its chairman and CEO George Gleason.

Speaking on a first quarter earning call Tuesday, Gleason told analysts he feels confident that Ozarks will be paid off in full on 爱上海同城对对碰 爱上海同城论坛loans it’s financing in the Empire State, though its developer clients may have to take a haircut on their own profits.

“I know when someone cuts their prices 3 percent or 8 percent on the listing prices on condos … it tends to freak folks out,” he said. “But the reality is we are typically in the 40s to 50 percent loan-to-cost and the 40s to 50 percent loan-to-value on those projects. If somebody cuts their prices 4 percent or 8 percent … the sponsors are still making a profit. They may not be making as much profit爱上海龙凤419桑拿 上海龙凤论坛sh1f if they were getting full list price, but they are still making a profit. The mezzanine lenders are still getting paid off. We are still getting paid[……]

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John Banks

WATCH: The Commercial Real Estate Board of New York? Not so fast! REBNY prez John Banks points to RLS as major victory for resi brokerages

Residential brokers would argue the long-awaited launch of the Real Estate Board of New York s syndic上海千花网 爱上海同城对对碰ated listings service was a major win for the brokerage community. But despite scoring a decisive victory over StreetEasy, some critics argue REBNY hasn t done enough 上海龙凤论坛sh1f 上海龙凤论坛for the city s residential brokerages.

The trade organization s contributions to commercial developers and brokers, like the renewal of 421a and the rezoning of Midtown East, have been far reaching. Though it appears one-sided, REBNY president John Banks says these issues have a greater impact on the wider public.

There aren t broad public policy issues for the brokerage community, Banks told The Real Deal s Hiten Samtani during a recent interview. They re independent contractors, and there s not a lot the political process which is where REBNY is publicly known can provide for them.

To see Banks talk mor上海同城对对碰交友社区 上海夜网论坛e about the organization s contributions to the residential brokerage communi上海千花网 爱上海同城对对碰ty, watch the video above. See the full interview here.

Produced by Jhila Farzaneh and Kerry Barger. Interview conducted by Hiten Samtani.

Tags: Commercial Real Estate, John Banks, REBNY, Residential Real Estate, The Real Deal Studio, Videos
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Developers propose condo conversion for historic Southampton inn

The Village新上海贵族宝贝论坛 上海贵族宝贝交流区 Latch Inn on Hill Street in Southampton Vi上海贵族宝贝论坛 上海贵族宝贝llage could become luxury condominiums if the town approves a plan submitted by Beechwood Latch LLC. The property has operated as an inn since 1901 and was sold to Beachwood and Southampton developer George Benedict in上海贵族宝贝交流区 上海贵族宝贝论坛 2016 for $23 million. The proposed development would create 24 condo units, restore two architecturally historic cottages on the site and add a gara上海贵族宝贝 上海千花网龙凤论坛ge. Some residents have voiced concerns about the project’s impact on traffic and noise levels. [Newsday]

Tags: Hamptons
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NYC Basement Apartment Law

Landlords might actually like this de Blasio housing policy May上海千花网龙凤论坛 上海千花社区or set aside $5.7M in preliminary budget for basement apartment pilot program

Basement apartments and Mayor Bill de Blasio

Mayor Bill de Blasio’s preliminary budget includes $5.7 million in funding to bring basement apartments in East New York up to code while keeping their rents below market rate. The pilot program, if successful, could lead to 5,000 more apartments citywide counted toward the mayor’s affordable housing goals.

We ve got to keep looking for new ways still to create and preserve affordable housing, de Blasio said. We have to prove the model first, and we re going to do that in East New York.

The mayor made the announcement as he presented his preliminary budget Thursday, Politico reported.

The 5,000-unit projection appears to account for roughly 11 percent of the number of current basement units, which a 2002 survey pegged at 45,000 units across the city.

De Blasio in 2016 floated the idea of legalizing basement apartments to help fulfill his pledge of creating or preserving 200,00上海夜网论坛 上海夜网0 affordable units.

As part of the program, the city will help landlords resolve building and fire code issues to bring units to legal status. It would also loan money to cover retrofitting costs and tenant relocations, a spokesperson told Politico.

We believe, minimally, there are 5,000 apartments in this city that will qualify. Ultimately we d love to see that number get even bigger, but we have to prove th[……]

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China Cybersecurity Laws

(Cred爱上海 爱上海同城手机版it from back: mkhmarketing/Flickr, Pixabay)

Doing business in China requires knowing the country s politics and geography as Marriott International learned the hard way.

The incident, as reported by the Wall Street Journal, occurred in early Janu爱上海同城对对碰 爱上海同城论坛ary when Marriott emailed its rewards-program members a survey which asked them to select their country from a list which included Tibet, Macau, Hong Kong and Taiwan the first three of which are part of China and the latter, Taiwan, is claimed by Beijing. The insinuation that any of the territories independence amounts to subversion of national sovereignty” under China s new cybersecurity law which empowers authorities to m上海贵族宝贝 上海千花网龙凤论坛onitor and respond to offending online content.

“What companies are up against is what we understand to be a legion of young, talented online technicians that scour the internet for compliance issues,” said lawyer and former chairman of the American Chamber of Commerce in China James Z上海贵族宝贝 上海千花网龙凤论坛immerman to the Journal. Marriott s problematic survey is one such example of the thousands Chinese regulators have flagged since last fall.

But the hotel chain s issue didn t end there: the survey sparked a flurry of tweets to boycott Marriott and, amid the storm, a Tibetan separatist group tweeted a thank you to the hotel chain for supporting their case for sovereignty and Marriott s rewards-program Twitter account liked the tweet.

In response, Chinese authorities brought hotel representatives in for questi[……]

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L Train Shutdown

Hell without the L?: Here’s how real estate players are bracing for the train shutdown Short-term headaches and reduced rents, but no lasting shakeup in Williamsburg and Bushwick, brokers and developers say

Brooklyn residents panicked when MTA officials announced in January that the L train the engine that charges North Williamsburg and Bushwick would potentially shut down f爱上海同城对对碰 爱上海同城论坛or over 18 months to allow for critical repairs to the Canarsie Tube.

Merchants from Bedford to Jefferson howled that there’d be fewer takers for their $4 PBR + pickleback shot specials, and landlords wondered if the creative businesses that have sprouted around the L train stations would wither away.

Renters, who comprise the vast majority of residents, might flee for better-connected hoods, flattening or pushing down rents and tipping over-leveraged multifamily owners into financial disarray, the narrative went.

The Real Deal spoke to residential and commercial brokers, developers and business owners to gain some insights into what North Brooklyn will look like after 2018, without the L train (or, as in the MTA’s alternate plan, an L train with no night and weekend service for five years).

Here s what they had to say:

Residential rentals and sales:

Approximately 78 percent of housing units in Williamsburg, Greenpoint and Bushwick are occupied by renters, according to data from the 2014 Housing and Vacancy Survey, and they re likely to be the among the most affected by transit trauma. Landlords will hav[……]

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Riverside Developers USA

Riverside Developers downsizes plans for Bed-Stuy rental project The revised proposal comes two years after its plans were rejected by the local community board

376-738 Flushing Avenue (Credit: Google Maps)

Riverside Developers USA downsized plans for a Bedford-Stuyvesant housing co爱上海同城 爱上海mplex two years after the local community board rejected its proposal to rezone the site.

The firm is looking t新上海贵族宝贝论坛 上海贵族宝贝交流区o build a seven-story residential property at 376-378 Flushing Avenue, according to documents filed with the Department of Buildings on Tuesday. The proposed 111,000-square-foot structure would contain 78 apartment units, with amenities such as a recreation room, a laundry room and a parking garage. The previous proposal for the site was for a 176,700-square-foot rental building.

Riverside proposed to build two new rental properties at 376-378 Flushing Avenue and 43 Franklin Avenue in 2016. That version of the plan featured 296 apartments divided between 304,000-square feet.

The site is zoned for manufacturing, and prohibits residential use. The local community board rejected the proposal with a narrow vote of 18-17.

Riverside, headed by Zelig Weiss, gain爱上海同城论坛 爱上海同城ed control of the site after a dispute with partner Yoel Goldman. In a lawsuit filed in 2016, Goldman cla上海千花社区 上海千花网交友ims that Weiss took the controlling stake in the property after orchestrating a “sham merger.” Goldman and Weiss were 50-50 partners of Rose Castle Redevelopment LLC, which owned the Flushing Avenue and Frankli[……]

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126 East 38th Street

Here s what the $10M to $20M NYC i-sales market looked like last week Wharton Properties picks up Bronx site for $10.3M

Jeff Sutton of Wharton Properties and the Pelham Bay Diner at 1920 East Gun Hill Road in the Bronx (Credit: Google Maps and YMWREA)

In the world of New York City s mid-market investment sales last week, an office building sold for $11 million and Jeff Sutton picked up a commercial site in the Bronx. Here is a closer look at some of the deals that were recorded with the New York City Department of Finance last week.

1.) In Murray Hill, a上海夜网论坛 上海夜网 three-story office building that was the headquarters of Carlin America Inc. traded for $11 million. The music publishing company sold the property, located at 126 East 38th Street, to Lia Holdings Inc., which appears connected to Banville Wine Merchants. Round Hill Music last year acquired Carlin, which has an extensive catalogue of iconic songs like Under the Boardwalk and What a Wonderful World.

2.) Th上海千花网 爱上海同城对对碰e Pelham Bay Diner, which sits near the Mall at Bay Plaza at 1920 East Gun Hill Road新爱上海同城对对碰论坛 上海同城对对碰交友社区 in the Bronx, sold its building and neighboring parking lot to Jeff Sutton s Wharton Properties for $10.25 million. Sutton recently sold a portfolio of four Downtown Brooklyn buildings for $22 million to United American Land.

3.) An entity connected to JLJ V Enterprises snagged a three-story commercial building at 37-50 Railroad Avenue near the Newtown Creek in Queens for $10.25 million. The Queens Village-based contract[……]

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